The disposal, at maximum prices, of the collateral securing a loan, and the voluntary and enforced collection of the remaining loan balance from the obligators and/or guarantors
A sale of a debtor's nonexempt property with the proceeds to be used for the benefit of creditors
{i} process of determining and discharging the financial obligations of a business in preparation for closure; conversion of assets into cash; condition of being liquidated
Process in which shareholders or owners surrender their shares or interests in a business, generally when a company ceases to be a going concern Proceeds go to pay creditors, and any balance is then distributed to shareholders
The process of converting securities or other property into cash The dissolution of a company, with cash remaining after sale of its assets and payment of all indebtedness being distributed to the shareholders
Termination and winding up of an entity, such as an LLC A final tax return will have to be filed with the IRS and state and local tax authorities A tax clearance certificate may be necessary from the state Usually, a Certificate of Termination (or something similar) must be filed
The process of converting stock or other assets into cash When a company is liquidated, the cash obtained is first used to pay debts and obligations to holders of bonds and preferred stock Whatever cash remains is distributed on a per-share basis to the holders of common stock BACK TO TOP
The process of dissolving a business by selling the assets, paying the debts, and distributing the remaining equity to the owners
The closing out of long positions (More generally, liquidation means the conversion of something into cash or another commodity )
The selling of the assets of a business as part of the process of dissolving the business
The process of selling all company assets for cash and using that cash to pay the company's debts; any funds remaining are distributed to the owners of the business For an insurer's liquidation, an agent of a court either (1) transfers all of the financially-troubled insurer's business and assets to other insurers or (2) sells the financially-troubled insurer's assets and terminates the business Contrast with rehabilitation See also receivership
1) The process of converting securities into cash 2) The sale of the assets of a company to one or more acquirers in order to pay off debts In the event that a corporation is liquidated, the claims of secured and unsecured creditors and owners of bonds and preferred stock take precedence over the claims of those who own common stock
The process of converting property and securities into cash When a company is dissolved or closed down, cash remaining after sale of its assets and payment of all indebtedness is distributed to the shareholders, beginning with the preferred shareholders and ending with the common shareholders