Voluntary liquidation

(redirected from Voluntary Winding-Up)
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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.
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As a consequence of the Company's entry into voluntary winding-up, the shares of
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