liquidation

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Related to Creditors' voluntary liquidation: Members voluntary liquidation

liquidation

Business
a. the process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities
b. the state of a business firm, etc., having its affairs so terminated (esp in the phrase to go into liquidation)
References in periodicals archive ?
Browns Services Limited which went into a creditors' voluntary liquidation on
In the first quarter of 2010 there were 4,082 compulsory liquidations and creditors' voluntary liquidations in England and Wales.
liquidations, creditors' voluntary liquidations, administrations, company
The figures indicate a rise in the numbers of administrations and creditors' voluntary liquidations, but a fall in receiverships - six compared to 14 last time.
Compulsory liquidations and creditors' voluntary liquidations topped 4,000 for the first time since 2002, the Insolvency Service's quarterly figures showed.
The Insolvency Service reported last month that there were 4,080 compulsory liquidations and creditors' voluntary liquidations in England and Wales in the second quarter of 2010, which was an increase of 0.
Nationally, liquidations and administrations across the construction industry rose rapidly in the first quarter of 2009, with a 140 per cent increase in receiverships and an 87 per cent increase in creditors' voluntary liquidations compared to the same period last year.
According to the Insolvency Service there were 4,001 compulsory liquidations and creditors' voluntary liquidations in total in England and Wales during the third quarter of 2008, between June and September, on a seasonally adjusted basis.
Of this number, 1,264 were compulsory liquidations and 1,842 were creditors' voluntary liquidations.
The West Midland figures indicated an increase in the number of creditors' voluntary liquidations (254 compared with 240 in the second quarter) but a slight decrease in receiverships.