Definitions of compulsory liquidation
the forced ending of a company so that its assets can be sold to pay its debts
The creditors presented a petition to the court asking that the company be placed in compulsory liquidation.
There are multiple definitions - click on the translation that matches your context.
Liquidation means:
Substantiv
partial
noun
the forced ending of a company so that its assets can be sold to pay its debts
The creditors presented a petition to the court asking that the company be placed in compulsory liquidation.