Liquidation

In Law, Liquidation is the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of Liquidation. The process of liquidation also arises when Customs, an Authority or agency in a Country responsible for collecting and safeguarding Customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.

The parties who are entitled by Law to petition for the compulsory liquidation of a company vary from jurisdiction to jurisdiction, but generally, a petition may be lodged with the court for the compulsory liquidation of a company by

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2. liquidation - definition of liquidation by the Free Online - liq ui date l k w-d t v. liq ui dat ed, liq ui dat ing, liq ui dates. v. tr. 1. a. To pay off a debt, a claim, or an obligation settle.
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1. 2010-09-01T14:57:30Z : Old GM files liquidation plan - Detroit News - Washington The estate of old General Motors Corp. filed a plan to liquidate its remaining assets, aiming to win bankruptcy court approval by early next year. The plan would divide the remaining assets ... (Detroit News)
2. 2010-09-01T07:40:50Z : Motors Liquidation Company Files Joint Chapter 11 Plan - PR Inside - Motors Liquidation Company f k a General Motors Corporation MLC today announced that MLC, MLC of Harlem, Inc. f k a Chevrolet-Saturn of Harlem, Inc. , MLCS, LLC f k a Saturn, LLC , MLCS Distribution ... (PR Inside)
3. 2010-08-27T19:21:07Z : NYC s Off-Track Betting Needs Cost Savings to Avoid Liquidation - Busi - Aug. 27 Bloomberg The New York City Off-Track Betting Corp. needs labor concessions by Aug. 31 to avoid liquidation or to emerge from bankruptcy without cutting workers wages, said Greg Rayburn, the ... (BusinessWeek)
4. 2010-08-24T19:46:09Z : Lehman Derivatives Were Threatened With Liquidation in 2008, Lawyer Sa - The Options Clearing Corp. threatened to liquidate Lehman Brothers Holdings Inc. s trading positions in the 2008 financial crisis unless Barclays Plc bought its brokerage and took on the defunct firm s ... (Bloomberg)

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