Phrases with «voluntary liquidation»

"Voluntary liquidation" refers to the process in which a company or organization decides to close down its operations and sell off its assets. It is not forced by external factors, but a choice made by the company's owners or management. This is usually done when the company is unable to pay off its debts or when it is no longer profitable. The proceeds from selling the assets are used to pay off creditors, and any remaining funds are distributed among the shareholders or owners. Full definition

voluntary liquidation

Sentences with «voluntary liquidation»

This preference is significant when it comes to the payment of dividends and voluntary liquidation of assets, but is essential in bankruptcy situations. (investopedia.com)
What is the deemed date of liquidation when moving from administration to creditors voluntary liquidation? (newlawjournal.co.uk)
Due to the fact that both companies had already been placed into voluntary liquidation by the directors prior to the hearing of the appeal, the Court of Appeal was unable to grant administration orders in this case but the costs orders were overturned and the legal precedent reversed. (howespercival.com)
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Phrases with «voluntary liquidation»

Sentences with «voluntary liquidation»

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