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Liquidation

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Pepper futures nosedive on liquidation
The Hindu Business Line  Feb 4  Comment 
Pepper futures which opened firm and were moving upward till afternoon nosedived to end down from the previous
The Great American Liquidation Sale – $FXI
Gold Stocks Today  Feb 2  Comment 
By Tom Dyson I look out my window and see a large bank, built of sandstone. They've carefully landscaped the forecourt and there's a big blue awning over the front door. This bank is four years old, but it looks newer. Inside, there's a neat...
European Commission Approves Bradford & Bingley's Liquidation
Banking Business Review  Jan 26  Comment 
The European Commission (EC) has approved the restructuring plans for Bradford & Bingley, which was broke up and partly nationalised nearly two years ago.
Jessops liquidation plan approved
BBC News  Jan 21  Comment 
Shareholders in the former camera retailer Jessops vote to wind down the firm as it finalises its restructuring plan.
Premier Source of Wholesale Jewelry Sets, Liquidation Channel, Announces New President
PR Newswire  Jan 14  Comment 
AUSTIN, Texas, Jan. 14 /PRNewswire/ -- Liquidation Channel, a leading source of affordable gold, silver, diamond and gemstone jewelry, and wholesale jewelry sets announces it has appointed Gerald Tempton as its president. Tempton's appointment was
This Stock Is Absolutely Worthless
Motley Fool  Jan 14  Comment 
Even its management says so.
Nortel, a year later: How the liquidation was done
The Globe and Mail  Jan 12  Comment 
With the help of a 'black box' bank account and more pliable bankruptcy rules, company was shielded from low-ball asset bids
Advanta to liquidate its assets
Bankstocks.com  Jan 12  Comment 
It seems the end is near for Advanta Corp., the bankrupt Montgomery County credit-card firm with a history of reinvention



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more ▼WIKI ANALYSIS
This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

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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