Liquidation vs bankruptcy

Family First Senator, Bob Day has resigned and promises to repay to customers, after his building- house company was liquidated, he said very disappointed and this could his house away.

Th[]9ng nghi9 si7 Bob Day Source: AAP

The question is, with the Company being liquidated, that owner could loose his house ?.

The liquidation is the state of failure to pay to other creditors, but bow about the bankruptcy ?.

The questions to be raised with lawyer Le Duc Minh and he answered.