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Liquidating assets definition

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The company’s operations are brought to an end, and its assets are divvied up among creditors and shareholders, according to the priority of their claims. Not all bankruptcies involve liquidation; Chapter 11, for example, involves rehabilitating the bankrupt entity and restructuring its debts.Liquidation is the process of bringing a business to an end and distributing its assets to claimants.

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There are variety of reasons to close a business, including poor results, owner retirement or poor health, or the loss of a franchise arrangement.

It was expected the asset liquidation would result in creditors being paid only a portion of their claims while stockholders of the company would receive nothing.

The firm's stock was trading over the counter for 2¢ per share at the time of the announcement.

the process by which a JOINT-STOCK COMPANY' S existence as a legal entity ceases by the winding-up of the company Such a process can be initiated at the behest of the CREDITORS where the company is insolvent (a compulsory winding-up), or by the company directors or SHAREHOLDERS, in which case it is known as a voluntary winding-up.

The person appointed as liquidator, either by the company directors/shareholders or by the creditors, sells off the company's ASSETS for as much as they will realize.