4 : Compulsory Liquidation :

The legal process of dealing with the assets and liabilities of a company that has been wound up by the Court. The Official Receiver is usually the Liquidator and his duties include an investigation into the company's affairs. The Liquidator will also prepare and submit a report on the directors conduct to the Department of Business Enterprise and Regulatory Reform (BERR).

Click on the word or phrase to find a straightforward explanation rather than the exact legal definition.

Jargon Selection Associates Charging Order Company Voluntary Agreement (CVA) Composition Compulsory Liquidation Connected Party Cover Schedule (aka Bond) Creditor Creditors' Committee Directors Disqualification Extortionate Credit Transactions Insolvency Insolvency Practitioner (IP) Liquidator Moratorium Nominee Office Holder Official Receiver (OR) Preference Proxy Proxyholder Statutory Demand Supervisor Transaction at an Undervalue

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