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Liquidation Committee Committee Archives - Bankruptcy UK

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Liquidation

Liquidation is the process whereby a company has its assets realised and distributed to satisfy, insofaras it is able, its liabilities and to repay its shareholders. The term winding-up is also used. Liquidation is a terminal process and is followed by the dissolution of the company.

Liquidation Committee Committee of creditors who receive information from the liquidator and sanction some of his actions (c.f. Creditors’ Committee)

 

 

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