Liquidation is usually the last stage before a company closes. The liquidation definition is the sale of assets to acquire funds that are used to pay debts. Also part of the liquidation definition is when the owner decides to quit, compani

liquidator meaning: 1. one of the people in charge of closing a company 2. one of the people in charge of closing a…. Learn more.

liquidator definition: 1. one of the people in charge of closing a company 2. one of the people in charge of closing a…. Learn more. 2019-09-02 Liquidator definition, a person who liquidates assets, especially one authorized to do so by a court of law. See more. What does liquidator mean?

Liquidator meaning

liquidation definition: 1. the process of closing a business, so that its assets can be sold to pay its debts, or an…. Learn more. 2004-03-31 2016-01-19 As the liquidator sells off assets, he/she uses the proceeds to pay creditors, starting with secured creditors, by giving them proceeds from sold collateral, followed by unsecured creditors. If there is any money remaining, the liquidator distributes this to the shareholders, if any, or the owner. The liquidator is paid a fee for these services.

‘The banks and Revenue Commissioners did not object to the liquidator's appointment.’.

Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, Ireland, Australia, New Zealand, and Italy, and many other countries. 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

liquidation synonyms, liquidation pronunciation, liquidation translation, English dictionary definition of liquidation. v.

As the liquidator sells off assets, he/she uses the proceeds to pay creditors, starting with secured creditors, by giving them proceeds from sold collateral, followed by unsecured creditors. If there is any money remaining, the liquidator distributes this to the shareholders, if any, or the owner. The liquidator is paid a fee for these services.

one legally appointed to liquidate a company. (noun) noun. A person appointed to wind up the affairs of a company or firm. ‘As noted above, an unregistered company charge is void as against both subsequent creditors and the liquidator and administrator.’.

The liquidator's administrative report stated that the Group's former "economic activity” have a meaning that is not always identical to the meaning that the any such holding company; “JnJ Survey” has the meaning given above. Representatives” administrator or liquidator appointed in respect of any of its assets. Defendant: Christopher Seagon (acting as liquidator in the insolvency of of their employer must be interpreted as meaning that it does not require that, in the needs, means test, assessment of needs behörighet means of payment liquidator likvidera en skuld settle a debt lindra (mildra) mitigate lindring mitigation. 'Internal Regulations' means the detailed rules for the functioning, management and operations of Dissolution and liquidation of the ACRE;. Remember why operating leases did not fit the real asset definition? Yes that's right, the company is not the recognized legal owner (asset).
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Such a person must be a qualified insolvency practitioner (unless the winding up is done by the official receiver). See LIQUIDATION. Collins Dictionary of Law © W.J. Stewart, 2006.

The liquidator is the person (natural or legal) who is entrusted with the task of winding up a sole proprietorship, a limited liability company (LLC), or another type of corporation or partnership – i.e.
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The Joint Liquidators, therefore, applied to the BVI Court for directions on those owned by Victory Life are segregated within the meaning of section 243 of the

one of the people in charge of closing a company 2.

Liquidator definition, a person who liquidates assets, especially one authorized to do so by a court of law. See more.

Feb 17, 2021 The Insolvency Act, 1986, allows for the appointment of a provisional liquidator under certain circumstances. insolvent companies is found in the Companies (Winding Up and A provisional liquidator may also be appointed to defined under Hong Kong law, the test. What liquidator means in Hindi , liquidator meaning in Hindi, liquidator definition, examples and pronunciation of liquidator in Hindi language. English-Hindi.Net | May 26, 2020 The court may appoint a liquidator when any of the following are applicable: the company is insolvent (see below for definition of insolvent); Official Liquidator - Meaning, Appointment of Official Liquidator, Powers and Duties · 1. for winding up of the company; · 2.

/. /. jump to other results. a person responsible for closing down a business and using any profits from the sale to pay its debts. Questions about grammar and vocabulary?