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 ?
com, the business to business website for the fashion, advertising and production industries, announces it is to seek creditors voluntary liquidation with immediate effect.
Group plc went into Creditors Voluntary Liquidation on 17 April 2009 as
The firm went into creditors voluntary liquidation on July 1, 1998.