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In the end, if a company's stock or bonds are deemed worthless by the bankruptcy court, investors might be able to deduct their losses on their tax returns.Source: Investing Answers is most often used in discussions about Chapter 7 bankruptcy -- a section of U. bankruptcy law under which companies and individuals liquidate their assets in order to repay their debts.Most companies do not file Chapter 7 until they've been unsuccessful with a Chapter 11 filing, which lets them attempt to restructure the company and restore the ability to service debt.In Chapter 7, a company ceases operations, and the appointed trustee liquidates the company's assets in order to repay its debts.These example sentences are selected automatically from various online news sources to reflect current usage of the word 'liquidate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. What It Is In the financial world, to liquidate something means to sell it for cash.Although this sounds harmless, in the corporate world the term often carries a connotation of failure, because it is most often used in discussions about Chapter 7 -- a section of U. bankruptcy law under which companies and individuals liquidate their assets in order to repay their debts.The trustee handles the liquidation and determines which creditors are paid first.Why It Matters The last step in the effort to repay debt in bankruptcy is usually to liquidate everything.
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has 30-plus years of experience assisting Franchise Dealerships with the sale and disposal of wholesale vehicles to other licensed dealers at auction.In most cases, the court also requires proof that the individual has obtained credit counseling. trustee (or the court itself, in some states) then appoints an impartial trustee to handle the case and liquidate the debtor's assets.
