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To liquidation
noun
The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
Exact(60)
Chapter 11 filing would almost surely lead to liquidation.
And municipal bankruptcies are a form of debt adjustment, as opposed to liquidation or reorganization.
Borders had set Sunday as a deadline to find alternatives to liquidation.
Instead, she said, many companies file for bankruptcy protection and proceed immediately to liquidation.
If Andersen is convicted, Mr. Marsal's job is likely to shift from restructuring to liquidation.
Green's consortium purchased the business and assets of Rangers last summer after the oldco was consigned to liquidation.
If Hostess proceeds to liquidation, some of its competitors might seek deals for its most popular brands, especially Twinkies.
With salaries unpaid, unions at Saab began legal proceedings in September that could have led to liquidation of the company.
A number of first-team regulars have already left Rangers after the club was consigned to liquidation in the summer.
Because the 87-year-old company went from bankruptcy to liquidation in weeks, no severance was offered.
Green's Sevco consortium purchased the assets and business of Rangers when the club were consigned to liquidation over the summer.
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