Liquidation

RECENT NEWS
The Economic Times  4 hrs ago  Comment 
NCLT dismissed a petition by employees seeking to ensure their rights, as the process of liquidation was out to take place, on certain grounds.
The Hindu Business Line  Apr 20  Comment 
“It is inevitable that Nagarjuna Oil Corporation Ltd’s (NOCL) refinery project in Tamil Nadu will go into liquidation,” according to an official sourc
Yahoo  Apr 19  Comment 
After a last-minute rescue plan went nowhere, Bon-Ton is preparing to liquidate itself, becoming the first department-store casualty of the recent retail apocalypse.
The Hindu Business Line  Apr 9  Comment 
Admiralty Court has put up the company’s 8 LPG ships for sale
The Economic Times  Apr 9  Comment 
Facor’s committee of creditors (CoC) had rejected all resolution plans and conveyed the same to the NCLT on April 2.
WA Business News  Mar 29  Comment 
Liquidators have been appointed to Burswood-based Hayes Auctioneers after the business suffered financial difficulties, with up to 40 sellers out of pocket.
The Economic Times  Mar 29  Comment 
The decision to take the company into liquidation comes after three failed attempts to sell the assets.
Channel News Asia  Mar 20  Comment 
Toys 'R' Us heads to U.S. Bankruptcy Court on Tuesday to defend its liquidation plan against an onslaught of objections from creditors, particularly suppliers demanding payment for thousands of toys ranging from Poopeez to Bratz.
The Economic Times  Mar 19  Comment 
The company had to sell assets to rein in debt. In 2012, it sold its penicillin business to US drug maker Hospira for $200 million.
Forbes  Mar 16  Comment 
Today, Latvia’s ABLV Bank—its third largest, and largest private bank—announced that it had received approval from the Council of Financial and Capital Market Commission (FCMC) to liquidate, and that the Bank was proceeding with the process...




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Business Liquidation

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 its 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.

Winding up would mean liquidating the assets of a corporation or partnership, settling accounts, paying bills, distributing remaining assets to shareholders or partners, and then dissolving the business. Winding up a non-profit corporation requires a plan for distribution of assets to some charitable or other non-profit entity. [1]

Investors Liquidation

Liquidation is the conversion of assets into cash by an Investor getting rid of a position in a particular type of security. [1] When Investors convert assets into cash for there own personal accounts, they may have no reason too convert, and may spend the proceeds on whatever they want, whenever they want.

Liquidation is simply the conversion of assets into cash, liquidity refers to how quickly you can convert your assets into cash. [2] For example, a portfolio manager might decide to liquidate a position in a stock by selling all the shares of that stock held in the portfolio. [3]

c.1575, "to reduce to order, to set out clearly," sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924. [2]

References

  1. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott Accounting Professor ISBN-10: 0618176519 pg 212
  2. Stock Investing for Dummies‬ By Paul Mladjenovic pg22 ISBN-10: 0470401141
  3. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. ISBN-10: 0618176519 pg212
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