liquidation

liquidation
liquidation
the dissolution of a company, or individual; usually operations cease and assets are sold by auction; Chapter 7 is usually employed for liquidations, businesses or individuals (Glossary of Common Bankruptcy Terms)

The sale of a debtor's executable (non-exempt) property, the proceeds of which are used to pay the creditors (SA-Bankruptcy.com)

A sale of a debtor's property with the proceeds to be used for the benefit of creditors. (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • Liquidation — Liquidation …   Deutsch Wörterbuch

  • liquidation — [ likidasjɔ̃ ] n. f. • 1416; de liquider I ♦ 1 ♦ Dr. Action de calculer le montant de sommes à régler; le règlement de ces sommes. Liquidation des dépens par le tribunal. Liquidation de l impôt : calcul des impôts à recouvrer sur chaque… …   Encyclopédie Universelle

  • liquidation — index aberemurder, assassination, cancellation, composition (agreement in bankruptcy), discharge (payment), dispatch (act of putting to death) …   Law dictionary

  • liquidation — Liquidation. s. f. v. Action par laquelle on liquide en matiere d affaires ce qui estoit embarassé & incertain. Liquidation de despens. liquidation d interests. il travaille à la liquidation de ses dettes, de son bien &c …   Dictionnaire de l'Académie française

  • Liquidation — Liq ui*da tion (l[i^]k w[i^]*d[=a] sh[u^]n), n. [Cf. F. liquidation.] The act or process of liquidating; the state of being liquidated. [1913 Webster] {To go into liquidation} (Law), to turn over to a trustee one s assets and accounts, in order… …   The Collaborative International Dictionary of English

  • liquidation — [lik΄wi dā′shən] n. a liquidating or being liquidated go into liquidation to close one s business by collecting assets and settling all debts …   English World dictionary

  • Liquidation — (lat.), die Auseinandersetzung nach beendigtem Geschäft oder nach geleisteter Dienstverrichtung; daher liquidieren, soviel wie Kosten, Gebühren etc. berechnen. Auch die Rechnung selbst heißt L. Der liquidierte Betrag wird Liquidum genannt, doch… …   Meyers Großes Konversations-Lexikon

  • Liquidation — (lat.), Kostenberechnung; Abwicklung eines aufgegebenen Geschäfts; Liquidationskassen, Liquidationsbureaus, handelstechnische Einrichtungen zur Vereinfachung der Abrechnung von Zeitgeschäften; Liquidātor, bei Auflösung von Handelsgesellschaften… …   Kleines Konversations-Lexikon

  • Liquidation — Liquidation,die:1.⇨Auflösung(1)–2.⇨Rechnung(1) …   Das Wörterbuch der Synonyme

  • liquidation — 1570s, noun of action from L.L. liquidare (see LIQUIDATE (Cf. liquidate)); originally as a legal term in reference to assets; of inconvenient groups of persons, 1925 in communist writings …   Etymology dictionary

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