liquidation

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Related to Compulsory liquidation: Winding Up Order
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Synonyms for liquidation

Synonyms for liquidation

termination of a business operation by using its assets to discharge its liabilities

the act of exterminating

the murder of a competitor

References in periodicals archive ?
The firm was placed into compulsory liquidation because it was insolvent and unable to pay its debts.
The Liquidators wish to further repeat the information provided yesterday the 18th March 2008 and this morning that there is legal uncertainty regarding the title to any shares transferred after the placing of CCC into compulsory liquidation on the 17th March 2008 and that such transfers may be considered void.
An application was made to the [UK] High Court for a compulsory liquidation of Carillion before opening of business today and an order has been granted to appoint the official receiver as the liquidator of Carillion.
It was put into compulsory liquidation in 2014 and last February the Stockport director Gemma Reilly was banned from running companies until 2026.
A certificate issued by the competent authority (Registers) that the tenderer is not bankrupt or filed for bankruptcy (certificate of bankruptcy register), the debt negotiation or that it is not filed debt negotiation (certificate of bankruptcy registry and chattels) or under liquidation or filed for compulsory liquidation.
It was bought by property developers Simon Toon and David Lindol for pounds 80,000, but they were unable to stop it from going into compulsory liquidation.
According to figures from the Insolvency Service, 4,607 companies went into compulsory liquidation or creditors' voluntary liquidation during the fourth quarter of 2008 in England and Wales, a rise of 11.
However, according to the North Wales firm, creditors can expect to receive far less for the business assets of a company forced into compulsory liquidation.
Closed for Business signs went up on the shop, in West Orchards shopping centre, on Friday after administrator BDO Stoy Haywood decided the chain should go into compulsory liquidation.
Pose Limited was placed into compulsory liquidation by order of the High Courts of Justice in August 2003 on the petition of HM Customs and Excise for pounds 745,040 owed for unpaid VAT liability.
At a public examination the receiver can examine a director of a company in compulsory liquidation in open court before a judge and under oath.
The company, based in Bromsgrove, Worcestershire, was placed into compulsory liquidation on July 31 -and all its debts are now in the hands of the Official Receiver.
The company, which traded as Rockshots 2 in Waterloo Street, Newcastle, eventually went into compulsory liquidation in June last year with debts of pounds 381,000.
IPR Capital was put into compulsory liquidation last year after raking in PS5.
The domino effect of bad debt is highlighted by the latest figures from the Insolvency Service, which showed that 4,607 companies went into compulsory liquidation or creditors' voluntary liquidation during the fourth quarter of 2008 in England and Wales.
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