Put into liquidation? (8)
I believe the answer is:
immersed
If this is the answer, I'm afraid I cannot explain it.
Can you help me to learn more?
(Other definitions for immersed that I've seen before include "Plunged into liquid" , "Simmered while covered with water" , "Simmered, being completely engrossed" , "Plunged into water" , "Steeped (in)" .)