Liquidation
The process by which a company dies. Under Part IV of the Insolvency Act 1986, there are three separate procedures - a member's voluntary winding up where a company is solvent, ...
Liquidation Preference: Certain classes of stock (usually preferred stock) may have a liquidation preference, which entitles the holders to be paid first in the event of the liquidation of a corporation's assets.
Liquidation Value: The price that an owner is compelled to accept when a property must be sold without reasonable market exposure.
Litigation: The process of fighting a legal dispute in the court system.
liquidation Collecting assets, converting assets to money, paying debts, and distributing the surplus while in the process of closing a business ...
Liquidation: The conversion of an asset into cash.
Litigation: A lawsuit; a legal action; a suit.
Liquidation
The selling of all the assets of a debtor and the use of the cash proceeds of the sale to pay off creditors.
Unlike liquidation, rehabilitation provides the debtor with an opportunity to retain nonexempt assets. In return, the debtor must agree to pay debts in strict accordance with a reorganization plan approved by the bankruptcy court.
* Chapter 7 liquidation, for giving individuals & businesses a fresh start;
* Chapter 11 reorganization, suitable for large corporate debtors;
* Chapter 13 reorganization, suitable for individual wage earners, and; ...
Expanded Legal Definition of Liquidated DamagesLiquidation The selling of all the assets of a debtor and the use of the cash proceeds of the sale to pay off creditors.
or difficulties; an agreement by which parties have disputed matters between them reach or ascertain what is coming from one to the other; arrangement of difficulties; composure of doubts or differences; determination by agreement; and liquidation.
Then there was the Birkbeck Bank, which went into liquidation on June 8 1911, mainly through its connexion with building society finance.
There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts.
Chapter 7 bankruptcies allow individuals and businesses to seek a total liquidation of their property in return for the majority of their debts being wiped out. Chapter 13 bankruptcies can only be filed by individuals.
: a transfer by a corporation of all its assets in complete liquidation to two or more subsidiaries that involves the surrender of all stock by the shareholders in exchange for new stock in the transferee corporations ...
Chapter 7 Bankruptcy A consumer liquidation bankruptcy proceeding in which the trustee sells any nonexempt property the debtor owns and distributes the proceeds to the debtor's creditors.
It is also a form of filing for bankrupcy where the debtor asks for liquidation of his/her assets and the law sells his assets and properties , the sale proceed of which is used to payoff the creditors due.
Legal-Explanations.com Home ...
This ideal is evident in Chapter 11 of the bankruptcy code, which permits courts to reorganize the assets of failing businesses instead of ordering complete liquidation of these assets.
Involuntary bankruptcy - A proceeding initiated by creditors requesting the bankruptcy court to place a debtor in liquidation.
that serves some public purpose, and therefore enjoys special treatment under the law. Nonprofits corporations, contrary to their name, can make a profit, but cannot be designed primarily for profit-making. Distributions upon liquidation typically ...
It is a general rule, that the personal estate is the primary fund for the payment of legacies. When the real estate is merely charged with those demands, the personal assets are to be applied in the first place towards their liquidation. 1 Serg.
Liquidation: Sale of all the assets of a company or partnership by a liquidator and use of the proceeds to pay off creditors. Any money left over is distributed among shareholders or partners according to their interests or rights.
 See also: Law, Person, State, Court, Right
  
|
RSS
