Bankruptcy vs. Liquidation

Bankruptcynoun

A legally declared or recognized condition of insolvency of a person or organization.

Bankruptcynoun

The state of being actually or legally bankrupt.

Bankruptcynoun

The act or process of becoming a bankrupt.

Bankruptcynoun

Complete loss; - followed by of.

Bankruptcynoun

a state of complete lack of some abstract property;

Bankruptcynoun

inability to discharge all your debts as they come due;

Bankruptcynoun

a legal process intended to insure equality among the creditors of a corporation declared in bankruptcy

Bankruptcy

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

Liquidationnoun

The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.

Liquidationnoun

The selling of the assets of a business as part of the process of dissolving the business.

Liquidationnoun

A euphemism for murder invented by Nazi Germany to dehumanize the victims of that regime.

Liquidationnoun

The act or process of liquidating; the state of being liquidated.

Liquidationnoun

termination of a business operation by using its assets to discharge its liabilities

Liquidationnoun

the act of exterminating

Liquidationnoun

the murder of a competitor

Liquidationnoun

the process of liquidating a business

Liquidationnoun

the conversion of assets into cash (i.e. by selling them).

Liquidationnoun

the clearing of a debt.

Liquidationnoun

the killing of someone, typically by violent means.

Liquidation

Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, and Italy, and many other countries. The assets and property of the company are redistributed.