Liquidation Bankruptcy

Liquidation Bankruptcy - This is a type of bankruptcy where an individual's or company's assets are sold to pay off creditors. The debtor is typically absolved of further responsibility for the debts once the assets are liquidated, and the proceeds are distributed amongst the creditors.

Class Information

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Identification

Label (rdfs)
Liquidation Bankruptcy
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Definition and Examples

Definition
This is a type of bankruptcy where an individual's or company's assets are sold to pay off creditors. The debtor is typically absolved of further responsibility for the debts once the assets are liquidated, and the proceeds are distributed amongst the creditors.
Examples
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Translations

pt-br
Falência de liquidação
fr-fr
Liquidation judiciaire
de-de
Liquidationsinsolvenz
ja-jp
清算型破産
zh-cn
清算破产

Class Relationships

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Additional Information

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Notes
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Deprecated
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Metadata

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Graph

Liquidation BankruptcyLiquidation Bankruptcy - This is a type of bankruptcy where an individual's or company's assets are sold to pay off creditors. The debtor is typically absolved of further responsibility for the debts once the assets are liquidated, and the proceeds are distributed amongst the creditors.Bankruptcy and Financial Restructuring PracticeBankruptcy and Financial Restructuring Practice - Any process that involves the liquidation or restructuring a business. The process usually has several parties - debtors, creditors and buyers.US Chapter 7 BankruptcyUS Chapter 7 Bankruptcy - Chapter 7 bankruptcy, sometimes referred to as liquidation bankruptcy, is the most common type of bankruptcy in the U.S., and the most basic form of bankruptcy. Chapter 7 provides liquidation of an individual's property and then distributes it to creditors.sub_class_ofparent_class_ofsee_alsois_defined_byselfsub_class_ofparent_class_ofsee_alsois_defined_by