liquidation

(redirected from Insolvent liquidation)
Also found in: Dictionary, Thesaurus, Legal, Financial.

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 ?
From 2000 to 2015, in the United States there were 337 property/casualty insurer and 143 life and health insurer impairments (defined for this purpose as conservation, rehabilitation or insolvent liquidation actions taken under court order or without court involvement if regulatory actions have been taken to limit or delay claims, benefits or other payments to policyholders).
Tim Fisher has openly said this week the club is at a 'tipping point and insolvent liquidation cannot be reasonably avoided'.
Dep Ltd subsequently went into insolvent liquidation in April 2008.
Fortunately, two recent private letter rulings suggest that the IRS believes section 1001 applies to an insolvent liquidation.