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liquidation Definition

liqui·da·tion (lik′wi dā′s̸hən)

noun

a liquidating or being liquidated

liquidation Idioms

go into liquidation

to close one's business by collecting assets and settling all debts

liquidation Usage Examples

Converse of object

  • precede: Members of an insolvent LLP may also have to repay a liquidator some or all of their drawings for the two years preceding liquidation.
  • avoid: Millers survival likely as new group takeover Rotherham United look to have beaten the fight to avoid liquidation.
  • enter: This lead many to believe the company had entered liquidation.
  • face: He was forced to return to England to face the liquidation of his Daily Paper debts.
  • follow: A company can cease to be a CIC only by dissolution ( which may follow liquidation ) or by conversion to a charity.

Adjective modifier

  • insolvent: This applies more strongly where the only object in making the investment is to prevent the company from going into insolvent liquidation.
  • compulsory: In due course the company went into compulsory liquidation.
  • voluntary: The company was placed in members ' voluntary liquidation on 8 November 1996.
  • solvent: We also deal with solvent liquidations, generally undertaken for tax or wealth protection purposes.
  • provisional: See Chapter 2 for further details regarding provisional liquidations.
  • formal: The question arises how an agreement between shareholders, outside the confines of a formal liquidation, can divest a company of its property?

Modifies a noun

  • proceeding: We can also start bankruptcy or liquidation proceedings against you or your company.
  • committee: The sanction of the liquidation committee would be needed to enable the liquidator to agree a compromise regarding the amount owed by a contributory.
  • expense: The Leyland DAF Case Payment of Liquidation Expenses out of Assets comprised in Floating Assets.
  • sale: Discover Government auctions, police auctions, liquidation sales, bankrupt stock sales.

Noun used with modifier

company: Notes: a There is no corresponding procedure in company liquidation.

Possessives

  • creditor: Please note the Trustees reluctantly taken the decision to place RSI Assoication into creditor's voluntary liquidation.
  • member: The company was placed in members ' voluntary liquidation on 8 November 1996.

Preposition: of

  • asset: The provisions concerning the liquidation of German assets were never carried out.
  • company: Since the liquidation of the company Darren Young has repaid the money stolen to the liquidator.