Voluntary liquidation

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Related to Voluntary Liquidations: Creditors voluntary liquidation

Voluntary liquidation

Liquidation proceedings that are supported by a company's shareholders.

Voluntary Liquidation

The decision by shareholders in a publicly-traded company to cease operations, sell all assets, and use the proceeds to repay its creditors as far as possible. A voluntary liquidation differs from a bankruptcy, where the company files with a court without taking a vote of shareholders.
References in periodicals archive ?
During the first quarter of 2015, there were 447 voluntary liquidations, compared to 356 for the same period last year.
2 per cent on the corresponding quarter of the previous year), and 3,047 creditors' voluntary liquidations (which are up 9.
The number of food and drink companies entering into voluntary liquidation has more than doubled over the past year, according to Government figures.
In comparison voluntary liquidations increased by 0.
These include voluntary liquidations, compulsory liquidations, administration orders and receiverships.
Dated: 11th July 2014 Peter Doherty Liquidator "Please note that these are Members' Voluntary Liquidations.
Dated: 28th February 2011 David Hargaden Liquidator "Please note that this is a Members' Voluntary Liquidations.
But on the credit side, there were 379 liquidations - 11 per cent on the figure for 2001 - and 489 voluntary liquidations compared to 527 in 2001.
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