voluntary liquidation

Frequency: 6.02.5 per million words

A process where a company's shareholders decide to close it down when it is still solvent.

liquidationADJECTIVE + liquidation

Categories:

voluntary

Examples (10)

  • The company entered into voluntary liquidation last month.
  • Shareholders approved the voluntary liquidation of the struggling firm.
  • A voluntary liquidation allows the company to settle debts orderly.
  • They opted for voluntary liquidation rather than prolonged uncertainty.
  • The business ceased operations through voluntary liquidation.
  • Under voluntary liquidation, the assets are distributed to creditors and shareholders.
  • The board recommended voluntary liquidation after strategic review.
  • Is voluntary liquidation the best course of action for our company?
  • The firm underwent voluntary liquidation to restructure its investments.
  • Employees were informed about the voluntary liquidation process.