Examples of 'compulsory liquidation' in a sentence
Meaning of "compulsory liquidation"
compulsory liquidation: This legal term refers to a situation in which a company is ordered by a court or government authority to be liquidated and its assets sold off to pay creditors. It is a formal process of winding up the affairs of a business that is insolvent
How to use "compulsory liquidation" in a sentence
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compulsory liquidation
A compulsory liquidation of a company is a liquidation ordered by the court.
Carillion has gone into compulsory liquidation.
But in most cases compulsory liquidation will normally be commenced by one or more creditors.
Aéropostale had to suspend its payments and was placed in compulsory liquidation.
The liquidator shall conduct the compulsory liquidation procedure pursuant to this Law.
Huge debts had been built up and the businesses were subject to compulsory liquidation.
Consequences of a compulsory liquidation of SNCM.
Possible payment of the additional redundancy payments in the event of SNCM's compulsory liquidation.
CNBC proceeds to the compulsory liquidation of Banco Continental.
There are two types of voluntary liquidation procedures and one compulsory liquidation procedure.
Compulsory liquidation / winding up.
Tristesse Books is on the verge of compulsory liquidation.
Court-ordered or compulsory liquidation.
Carillion, the UK 's second largest construction business, has gone into compulsory liquidation.
The estimate of the total cost of the compulsory liquidation of SNCM.
See also
The same day, Poly Implant Prothèse was placed into compulsory liquidation.
A guide to the process of Compulsory Liquidation.
Oh for God 's sake, Tom, Tristesse Books is on the verge of compulsory liquidation.
Construction giant Carillion enters compulsory liquidation.
Thomas Cook has collapsed and entered compulsory liquidation.
Legal proceedings such as a bankruptcy, legal settlement or compulsory liquidation are in progress.
In October 2011, the studio was placed into Compulsory liquidation and was closed.
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Examples of using Compulsory
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Sizing is compulsory for needle beans only
The exercise of the right to elect is compulsory
A test with tripping is compulsory on installation startup
