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10-Apr-2017 04:30

Any cash that remains is then distributed to preferred shareholders, if any, before common shareholders get a cut.

Assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Liquidating a position may simply mean selling stock or bonds; the seller in this case receives the cash.

If there is a surplus after payment of all creditors this is distributed pro rata amongst the ordinary shareholders of the company. the process by which a JOINT-STOCK COMPANY's existence as a legal entity ceases by ‘winding up’ the company.

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A company may also undergo a voluntary liquidation, which occurs when shareholders of the company elect to wind down the company.The petition for voluntary liquidation is filed by shareholders when it is believed that the company has achieved its goals and purpose.The shareholders appoint a liquidator who dissolves the company by collecting the assets of the solvent company, liquidating the assets, and distributing the proceeds to employees who are owed wages and to creditors in order of priority.An individual may also decide to liquidate assets, such as house and land for cash.

The cash could then be used to boost his or retirement nest egg or pay off creditors.While businesses can liquidate assets to free up cash even in the absence of financial hardship, asset liquidation in the business world is mostly done as part of a bankruptcy procedure.When a company fails to repay its creditors due to financial hardship and prolonged losses in its operations, a bankruptcy court may order a compulsory liquidation of the business assets if the company is found to be insolvent.Liquidate means to convert assets into cash or cash equivalents by selling them on the open market.