Liquidating business meaning wikipedia
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Beauty Liquidating business meaning wikipedia New xXx Pics Liquidation is the process in accounting by which a company is brought to an end in the United Kingdom , Republic of Ireland and United States. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution , although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs , an authority or agency in a country responsible for collecting and safeguarding customs duties , determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory sometimes referred to as a creditors' liquidation following bankruptcy , which may result in the court creating a "liquidation trust" or voluntary sometimes referred to as a shareholders' liquidation , although some voluntary liquidations are controlled by the creditors. For instance, a retail chain may wish to close some of its stores.
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