compulsory liquidation

Frequency: 5.52.5 per million words

a legal process where a company is forced by a court order to close down and sell its assets

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Examples (20)

  • The company was forced into compulsory liquidation by its creditors.
  • The company faced compulsory liquidation due to its mounting debts.
  • Due to mounting debts, the firm is now facing compulsory liquidation.
  • The court ordered a compulsory liquidation of the failing business.
  • The court issued an order for the compulsory liquidation of the insolvent business.
  • Investors were informed about the compulsory liquidation proceedings.
  • All assets will be sold off as part of the compulsory liquidation process.
  • A compulsory liquidation means the end of the road for the firm.
  • A petition for compulsory liquidation was filed against the company for failing to pay its taxes.
  • The scandal ultimately led to the compulsory liquidation of the entire organization.
  • The directors are trying to avoid compulsory liquidation by negotiating with their lenders.
  • She specialized in cases involving compulsory liquidation and corporate insolvency.
  • If the company cannot secure new funding, it will be placed into compulsory liquidation.
  • Rumors of compulsory liquidation caused panic among the employees.
  • The tech startup's journey ended in compulsory liquidation after just two years of operation.
  • The legal team worked to prevent a compulsory liquidation.
  • The solicitor explained the severe consequences of a compulsory liquidation to his client.
  • After the ruling, the company entered compulsory liquidation.
  • The official receiver was appointed to oversee the compulsory liquidation.
  • The government intervened to avoid a widespread compulsory liquidation of banks.