The operation of ceasing a company's business by a liquidator - the conversion of the company's assets into cash and the payment of that cash to creditors and if there is any surplus after that, to shareholders.
Winding up a company is done by paying the company's creditors, and then distributing any money left (if any) among the members.
The procedure which occurs when a company becomes insolvent and goes into liquidation whereby all of the assets of the company are called in to pay its liabilities• Businesses• Debts - for Creditors• Debts - for Debtors
A process whereby a company prepares for dissolution. The assets of a company are applied to discharge its liabilities and any surplus is returned to those who are entitled to it.
The discharging of a corporationâ–“s liability and the distributing of its remaining assets to its shareholders in connection with its dissolution.
The termination of a pension scheme, where assets are used to purchase the accrued liabilities of the pension scheme, either by purchasing immediate and deferred annuities, or transfer to another pension scheme.
This is closing an occupational pension scheme . It can done by buying annuities for all the members . These will be deferred annuities in some cases. Another way of winding up a scheme is to move all its assets and liabilities into another scheme. This will be done by following the scheme rules, or any laws that apply.
The process of paying creditors and distributing assets that occurs before the dissolution of a corporation.
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.
A process that entails selling all the assets of a business entity, paying off creditors, distributing any remaining assets to the principals, and then dissolving the business.
The voluntary or compulsory closure of a company and the subsequent realisation of assets and payment to creditors
The process of terminating a company by realising its assets, paying off creditors and distributing the remaining assets among shareholders, according to the correct order of priority.
