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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In addition, 2015 marked the highest Number of Voluntary Liquidations over this six year period.
This was made up of 1,074 compulsory liquidations (which are down 10.2 per cent on the previous quarter and down 17.2 per cent on the corresponding quarter of the previous year), and 3,047 creditors' voluntary liquidations (which are up 9.7 per cent on the previous quarter and up 11.2 per cent on the corresponding quarter of the previous year).
In comparison voluntary liquidations increased by 0.3 per cent and voluntary arrangement by 28 per cent.
These include voluntary liquidations, compulsory liquidations, administration orders and receiverships.
In the last seven years alone, the Official Receiver has received a staggering 71 per cent of the total number of voluntary liquidations recorded since the establishment of the department.
In the Matter of EOS Wind Limited (In Voluntary Liquidation)
These are Members' Voluntary Liquidations. All admitted creditors have been, or will be, paid in full.
Dated: 28th February 2011 David Hargaden Liquidator "Please note that this is a Members' Voluntary Liquidations. All liabilities have been paid in full."
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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