What is COMPULSORY LIQUIDATION?

Refered to as compulsory winding up in the United Kingdom, this is when – on issuance of a court at the request of a companies creditors – a firm’s assets are sold by a liquidator chosen by the creditors.

More On This Topic



Link to This Definition
Did you find this definition of COMPULSORY LIQUIDATION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary