liquidation


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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 ?
Similar to the FR Rules, the FLSP Rules, which became effective on July 27, 2015, was designed to provide a timely, fair, transparent, effective and efficient liquidation of the assets and liabilities of an insolvent debtor.
When a company is placed into liquidation, the Department of Financial Services continues as receiver, but the Florida Insurance Guaranty Association is tapped to help pay outstanding claims.
Further investigation of Subchapter K dissolves the facade of simplicity, as numerous parts of Subchapter K can come into play on a liquidation of a partner's interest.
WHETHER PLANNING FOR A LIQUIDATION of their own professional practices or advising clients about the liquidation of a commercial organization, CPAs will find that the problems and the solutions associated with each are likely to be the same.
as a capital transaction rather than as a dividend) if both (1) it is a redemption from a noncorporate shareholder, and (2) it is a redemption in partial liquidation of the distributing corporation.
Although the REO liquidation loss severity fell for most property types, the overall loss severity (including all resolution types) actually increased for multifamily (250 bps), office (170 bps) and hotel properties (1020 bps), while retail (980 bps), healthcare (3680 bps)and other (930 bps)property type loss severity fell in 2005.
Practice tip: The liquidation-reincorporation technique may be useful when the liquidating corporation has sufficient net operating losses (NOLs) to offset the gain recognized on its disposition of low-basis property in complete liquidation.
was placed in liquidation by the Illinois Department of Insurance, effective Jan.
The issue addressed here is that if the error is discovered after liquidation becomes final, the importer is prevented from making an adjustment to its cost basis used for computing federal income tax, even though it has voluntarily tendered the proper amount to Customs.
Under IRC section 302(b)(4), two requirements for partial liquidation treatment are
This asset sale, expected to close in the first quarter of 2007, is an initial step in the liquidation of Tripos.
00am respective for the purpose of receiving the liquidation report etc.