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.
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compulsory liquidation means:
Substantiv
full
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.