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.