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liquidation
(redirected from Creditors voluntary liquidation)

    Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.01 sec.
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)


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All three firms, which had traded normally until last Friday, are being placed in a creditors voluntary liquidation.
Kaybee closes its doors by Daily Post (Liverpool, England)
It had already been through one Creditors Voluntary Liquidation on December 19 last year, when the assets and goodwill of the company - then known as Peele Print (North East) - was bought by Peele Print (North).
Print firm is put into liquidation; in association with RBS by The Journal (Newcastle, England)
The number of businesses entering creditors voluntary liquidation (CVL) - the standard form of liquidation - was also up by 11% to 191 in the same period.
More companies fall victim to downturn by The Journal (Newcastle, England)
 
 
 
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