In finance and economics, liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. Bankruptcy Code governs liquidation proceedings; solvent companies can also file for Chapter 7, but this is uncommon.
The company’s operations are brought to an end, and its assets are divvied up among creditors and shareholders, according to the priority of their claims. Not all bankruptcies involve liquidation; Chapter 11, for example, involves rehabilitating the bankrupt entity and restructuring its debts.
Retained searches are given priority status in terms of the level of consulting talent assigned to conduct the search, and the time and resources that are dedicated to the project.
The executor is the person responsible for liquidating assets of the estate.
If you are named as an executor, you may need to liquidate some of the estate’s assets to pay off the decedent’s and estate’s financial obligations.
Our Chase PTC Funds Portfolio which is a pool of several PTC funds from various investors is valued at £500,000,000 .00, with 500,000,000 units of ordinary shares at £1.00 per share.
Liquidate means to convert assets into cash or equivalents by selling them on the open market.2.