Voluntary liquidation

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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 ?
Kildare This is a Members' Voluntary Winding-Up. All Creditors have or will be paid in full.
Dated: 22 May 2014 CAROLINE LINNANE Liquidator NOTE: This is a Members Voluntary Winding-up. All admitted Creditors have been or will be paid in full.
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