Liquidation is the selling off of all assets of a company prior to the complete cessation of operations. Corporations that choose to liquidate declare Chapter 7 bankruptcy. In a liquidation, the claims of secured and unsecured creditors, bondholders and preferred stockholders take precedence over common stockholders.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). liquidation. Retrieved September 23, 2026, from http://smartdefine.org/liquidation/definitions/1157304 |
| Chicago | Barry Goldsmith. 2010. "liquidation" http://smartdefine.org/liquidation/definitions/1157304 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, liquidation, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/liquidation/definitions/1157304>. |
| MLA | Barry Goldsmith. "liquidation" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/liquidation/definitions/1157304> |