liquidation

(redirected from Creditors' voluntary liquidation)
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Related to Creditors' voluntary liquidation: Members voluntary liquidation
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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 ?
A spokesman for insolvency specialists Baker Tilly said: "As a result of financial issues, the directors of Padarn Bus have instructed Baker Tilly to assist them with a view to placing the company into creditors' voluntary liquidation.
A year earlier, a hotel business known as Aquamarine - another Goldberg company - was put into creditors' voluntary liquidation owing creditors pounds 1.1 m.
Mr Little said: "We have taken instruction to convene a meeting in June to place the company into Creditors' Voluntary Liquidation. "This is a result of continued trading difficulties which resulted in Crown arrears arising after the implementation of a Corporate Voluntary Arrangement around 18 months ago.
It added that the matter would be investigated further by liquidators Lyn Vardy and Toby Underwood of PwC as the firm moved from administration to creditors' voluntary liquidation.
Padarn Bus Ltd, which is based in Llanberis, was placed into creditors' voluntary liquidation yesterday.
It is intended that the company will enter into creditors' voluntary liquidation on October 12.
But bad weather kept the crowds away and problems with sponsorship meant that just months later the company went into creditors' voluntary liquidation.
The Post can reveal that DBT Bars, recent owners of the Newhall Street venue, were placed into creditors' voluntary liquidation last month.
The insolvency figures are based on Administration, Administrative Receivership and Creditors' Voluntary Liquidation appointments in the North West.
At the previous hearing, the court was told that a club director had paid PS3,000 to "ameliorate the position" and that it was considering whether a creditors' voluntary liquidation (CVL) or creditors' voluntary arrangement (CVA) was necessary.
After discussion with advisor Jason Langford-Brown of Lucid, ALS entered into a creditors' voluntary liquidation and appointed joint liquidators Craig Povey and Kevin Murphy of Chantrey Vellacott DFK.
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.
The three gave undertakings in respect of their conduct as directors of Carlyle Decorators, which traded from premises in Netherfield Road South, Everton, from March, 1995 until it was placed into creditors' voluntary liquidation in March 2000 with a deficiency to creditors estimated at pounds 375,595.
Responding to a list of options for creditors, he explained: "We can't do a CVL (creditors' voluntary liquidation) because the company would go back to Mr Mileson.
Knowsley Transport & Forwarding Limited traded as road freight hauliers between 1990 and approximately July 1999 from Charleywood Road on the Knowsley Industrial Estate North before being placed into creditors' voluntary liquidation on 21 February 2000 with a deficiency to creditors estimated at around pounds 135,000.