Voluntary liquidation

(redirected from Voluntary Liquidations)
Also found in: Dictionary.
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 ?
AiB reports on the number of corporate insolvencies and member voluntary liquidations logged.
In addition, 2015 marked the highest Number of Voluntary Liquidations over this six year period.
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.
During the first quarter of 2015, there were 447 voluntary liquidations, compared to 356 for the same period last year.
The figure for the quarter is made up of 154 compulsory liquidations and 61 creditor voluntary liquidations.
The figure for the quarter is made up of 175 compulsory liquidations and 81 creditor voluntary liquidations.
Dated Saturday the 18th of October 2014 Tom Rogers Liquidator Note: These are Members Voluntary Liquidations.
Dated: 14th July 2014 Jim Hamilton Liquidator Please note that these are Members' Voluntary Liquidations.
Dated: 11th July 2014 Peter Doherty Liquidator "Please note that these are Members' Voluntary Liquidations.
Full browser ?