Liquidation

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Motley Fool  Nov 6  Comment 
Even its management says so.
Commodity Online  Oct 30  Comment 
Insurance Journal  Oct 29  Comment 
A workers' compensation insurer for 3,000 public entities, hospitals, private companies and associations in Georgia has been declared insolvent and will be liquidated. Fulton County Superior ...
Agrimoney.com  Oct 28  Comment 
The number of dairy cows sent for slaughter in Chile has jumped by 50% because of a collapse in prices fuelled by rocketing imports
Commodity Online  Oct 27  Comment 
Bloomberg  Oct 23  Comment 
CIT Group Inc. estimated that recovery value for general unsecured claims in case of an “accelerated liquidation” is between 6 and 37 cents per dollar.
New York Times  Oct 23  Comment 
Liabilities at Japan Airlines would exceed its assets by as much as $8.8 billion if Asia's largest airline by revenues were liquidated, Reuters reported, citing an unnamed source.
Metal Bulletin  Oct 22  Comment 
International Corp., a service center stocking stainless steel, aluminum, titanium and nickel alloys, has filed a Chapter 7 liquidation plan in U.S. Bankruptcy Court for the District of New Jersey.
Hedge Fund Blogs From HedgeCo.Net  Oct 22  Comment 
Bloomberg - New Castle Funds LLC’s efforts to survive the arrest of its co-founder in the Raj Rajaratnam insider-trading case were set back as a Swiss bank ended a partnership and Rajaratnam decided to liquidate his funds. Union Bancaire...
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The process of selling assets for cash.

This situation generally arises when a company can no longer carry out it's business as intended, by making profits and, share holders do not have any chance of gaining from investing in the company.

The cash generated out of liquidation is usually spent on reducing debts that company own to it's lenders.

For example, Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008 and now in Jan 2009, Barclay's [which took over Lehman, LEHMQ:US] is in the process of liquidating it, though Lehman has a couple of trillion dollars in assets.

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