# Liquidations

> Markdown export of the Gearbox Protocol documentation page for agents and retrieval systems.

Canonical page: https://docs.gearbox.finance/developers/liquidations
Source file: content/developers/liquidations.mdx
Section router: https://docs.gearbox.finance/developers/llms.txt
Section full export: https://docs.gearbox.finance/developers/llms-full.txt

Liquidations repay debt from an unhealthy or expired Credit Account. This page explains when liquidation is possible and routes liquidators through the execution flow.

## When an account is liquidatable

An account can be liquidated when:

- its health factor is below `1.0`; or
- its configured Credit Facade expiration has passed and the account still has debt.

### Full liquidation

A full liquidation lets the liquidator buy the account's complete collateral
portfolio at a discount. All debt is settled and the Credit Account closes.
See [Full Liquidation](https://docs.gearbox.finance/developers/full-liquidation) for execution details.

The standard entrypoints are permissionless while the Credit Facade is active. If it is paused, only an approved emergency liquidator can execute them. Loss-policy and asset-specific eligibility checks can also apply.

If a full liquidation transfers pending redemption positions, continue with
[Delayed Redemptions Liquidation](https://docs.gearbox.finance/developers/delayed-redemptions)
for redeemer monitoring and claims.

## Recommended flow

1. **Discover accounts** that are unhealthy or expired.
2. **Inspect the exact outcome**, including the underlying amount to pay and the collateral to receive.
3. **Obtain the execution requirements**: the optional approval and unsigned liquidation transaction.
4. **Pass them to the operator's transaction pipeline** for simulation, signing, and submission.

Continue with [Full Liquidation](https://docs.gearbox.finance/developers/full-liquidation).