go into liquidation

USAGE SUMMARY

The phrase "go into liquidation" is correct and usable in written English.
It is typically used in a financial context to describe a company that is closing down and selling off its assets to pay creditors. Example: "After struggling for several years, the company was forced to go into liquidation due to mounting debts."

✓ Grammatically correct

News & Media

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

36 human-written examples

If that does not work, they may go into liquidation.

The Economist

King had also claimed it is "inevitable" that Rangers will go into liquidation.

The Guardian - Sport

But those that go into liquidation could see the most job cuts.

The Guardian - Business

"In the early days, people got sick of me saying it might go into liquidation.

The Guardian - Sport

That left the company unable to continue trading and forced it to go into liquidation.

The Guardian - Business

And let's not forget that markets went into free fall when the Bush administration let Lehman Brothers go into liquidation.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

24 human-written examples

The Saudi-based Al-Tuwairqi group (ATG) originally bought the plant in 2002 when its previous owners went into liquidation.

BBC

BGH went into liquidation in July.

Independent

The school has gone into liquidation.

The Guardian - Money

UK Express Logistics went into liquidation in February.

The Guardian - Money

Eventually the London Electrobus Company went into liquidation.

The Economist

Expert writing Tips

Best practice

When discussing a company's financial difficulties, use "go into liquidation" to clearly indicate that the company is closing down and selling its assets to pay creditors. This term leaves no room for ambiguity.

Common error

Avoid using "go into liquidation" interchangeably with "file for bankruptcy". While related, bankruptcy is a legal process, while liquidation is the act of selling assets. A company can file for bankruptcy without necessarily going into liquidation if it can reorganize its debts.

Linguistic Context

The phrase "go into liquidation" functions as a verb phrase indicating the process of a company ceasing operations and selling its assets to settle debts. Ludwig AI confirms its grammatical correctness and common usage in describing financial closures.

Expression frequency: Common

Frequent in

News & Media

73%

Formal & Business

15%

Academia

12%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "go into liquidation" is a commonly used and grammatically correct verb phrase that describes the process of a company closing down and selling its assets to pay off debts. As highlighted by Ludwig AI, this phrase is appropriate in neutral to professional contexts, mainly in news, business, and academic settings. It's important to distinguish "go into liquidation" from similar terms like "file for bankruptcy"/s/file+for+bankruptcy, as liquidation is a consequence of severe financial distress and the act of selling the assets to resolve the debt, while bankruptcy is the legal proceeding.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

enter liquidation

This alternative is a more formal synonym, suitable for legal and business contexts.

close down business

This is a simpler, more direct way of saying a business is shutting down.

liquidate assets

This alternative focuses on the action of selling assets, rather than the overall process of closing a business.

dissolve the company

This alternative focuses on the legal termination of the company's existence.

wind up business

This alternative is a more general term for closing a business, which can be due to various reasons, not just financial distress.

cease operations

This alternative describes the act of stopping business activities, without necessarily implying financial collapse.

be declared bankrupt

This focuses on the legal status of bankruptcy being officially declared.

file for bankruptcy

This alternative refers to the legal process of declaring inability to pay debts, which may or may not lead to liquidation.

become insolvent

This alternative refers to the state of being unable to pay debts, which is a precursor to liquidation.

undergo administration

This implies a process of reorganization or rescue before possible liquidation.

FAQs

What does it mean when a company "goes into liquidation"?

When a company "goes into liquidation", it means it is closing down its operations and selling its assets to pay off its creditors. This typically happens when the company is insolvent and unable to meet its financial obligations.

Is "going into liquidation" the same as "filing for bankruptcy"?

"Filing for bankruptcy"/s/file+for+bankruptcy is a legal process where a company declares its inability to pay its debts. "Going into liquidation" is a possible outcome of bankruptcy, where the company's assets are sold to satisfy creditors. They are related but not the same thing.

What are some alternatives to saying "go into liquidation"?

You can use alternatives like "enter liquidation", "wind up business", or "cease operations" depending on the specific context.

What happens to employees when a company "goes into liquidation"?

When a company "goes into liquidation", employees typically lose their jobs. They become creditors of the company and may be entitled to certain payments, such as unpaid wages and severance pay, but these payments are often subject to the availability of assets and the priority of creditors.