Compulsory liquidation
Court-ordered liquidation of a company, usually following a winding-up petition presented by a creditor or another authorised party.
Related terms
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Winding-up order
A court order placing a company into compulsory liquidation.
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Solvent liquidation
The winding up of a company that can pay its debts in full, commonly carried out through a Members’ Voluntary Liquidation.
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Provisional liquidation
A temporary court appointment of a provisional liquidator before a winding-up petition is finally decided, usually where assets or the company need urgent protection.
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