In United Kingdom law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.
Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below).
The parties who are entitled by law to petition for the compulsory liquidation of a company vary from jurisdiction to jurisdiction, but generally, a petition may be lodged with the court for the compulsory liquidation of a company by:
Liquidation (2007) (Russian:Ликвидация, Likvidatsiya) is a highly popular Russian television series, which parallels the famous The Meeting Place Cannot Be Changed with notable ethical shift. In the "Meeting Place", chief of criminal investigations Gleb Zheglov (played by Vladimir Vysotskiy) had a modus operandi "Thief must go to prison, no matter how I put him there" (and uses planted evidence to do so).
The year is 1946. World War II is over, but it doesn't mean that there is no one to fight with. The post-war city of Odessa is ruled by serial killer prison-escapees and former Nazi collaborators. Fallen into disfavor, Marshal Zhoukov is sent to Odessa by Joseph Stalin to handle the situation. Together with the head of the local criminal investigation unit, David Gottsman, Zhoukov begins a special operation cleanup post-war Odessa from crime.
In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.