liquidation

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

A situation where a company is forced by a court order to close and sell its assets.

A situation where a company must sell its assets, often due to creditor pressure.

Describing the state of a company that is currently undergoing liquidation.

To begin the process of closing a company and selling its assets.

To be compelled to close a company, usually due to financial failure.

To officially enter the process of liquidation.

To officially enter the process of liquidation.