Identification
None
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.
Class Relationships
Sub Class Of
Is Defined By
N/A
See Also
None
Parent Class Of 1
Translations
pt-br
Falรชncia de liquidaรงรฃo
fr-fr
Liquidation judiciaire
de-de
Liquidationsinsolvenz
ja-jp
ๆธ ็ฎๅ็ ด็ฃ
zh-cn
ๆธ ็ฎ็ ดไบง
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
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Description
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Notes
- โข None
Editorial Information
History Note
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Editorial Note
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Deprecated
No
Source and Origin
No source or origin information available