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.
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