Corporate Liquidation
/ˌkɔːrpərət ˌlɪkwɪˈdeɪʃən/
Definitions
- (n.) The legal process of dissolving a corporation by liquidating its assets to pay creditors and distribute any surplus to shareholders.
The company filed for corporate liquidation after declaring insolvency.
Forms
- corporate liquidation
Related terms
See also
Commentary
Typically initiated when a corporation is insolvent; involves court supervision or voluntary procedures depending on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.