Winding-up legal definition of Winding-up. Winding-up synonyms by the Free Online Law Dictionary.

The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts.

A type of proceeding pursuant to federal Bankruptcy law by which certain property of a debtor is taken into custody by a trustee to be sold, the proceeds to be distributed to the debtor's creditors in satisfaction of their claims.

The settlement of the financial affairs of a business or individual through the sale of all assets and the distribution of the proceeds to creditors, heirs, or other parties with a legal claim.

The liquidation of a corporation is not the same as its dissolution (the termination of its existence as a legal entity). Depending upon statute, liquidation can precede or follow dissolution.

When a corporation undergoes liquidation, the money received by stockholders in lieu of their stock is usually treated as a sale or exchange of the stock resulting in its treatment as a capital gain or loss for Income Tax purposes.

LIQUIDATION. A fixed and determinate valuation of things which before were uncertain.

? References in periodicals archive
Flatly rejecting an unsworn document purportedly signed by Giovanni Mahler in support of Navigator Gas' opposition to the winding-up petitions, the Deemster held that, "Mr. Another Isle of Man Victory for Creditors Committee in Navigator ... by Business Wire Subsequent to petitioning the Supreme Court of Bahamas for permission to wind-up Globe-X, CINAR petitioned the High Court of Justice of Anguilla for enforcement of the Bahamas winding-up order, or alternatively for a winding-up order in Aguilla, since Globe-X has continued its incorporation under the laws of Anguilla. CINAR: Globe-X Canadiana Limited and Globe-X Management Limited File ... by Business Wire In addition, ILM I Lease Corporation lacks financial, administrative and other resources sufficient to seek shareholder approval of such liquidation, dissolution and winding-up. ILM I Lease Corporation Ordered to Liquidate and Dissolve by Business Wire More results

References in periodicals archive

Flatly rejecting an unsworn document purportedly signed by Giovanni Mahler in support of Navigator Gas' opposition to the winding-up petitions, the Deemster held that, "Mr.

Another Isle of Man Victory for Creditors Committee in Navigator ... by Business Wire

Subsequent to petitioning the Supreme Court of Bahamas for permission to wind-up Globe-X, CINAR petitioned the High Court of Justice of Anguilla for enforcement of the Bahamas winding-up order, or alternatively for a winding-up order in Aguilla, since Globe-X has continued its incorporation under the laws of Anguilla.

CINAR: Globe-X Canadiana Limited and Globe-X Management Limited File ... by Business Wire

In addition, ILM I Lease Corporation lacks financial, administrative and other resources sufficient to seek shareholder approval of such liquidation, dissolution and winding-up.

ILM I Lease Corporation Ordered to Liquidate and Dissolve by Business Wire

More results

Liquidation (redirected from Winding-up)

Liquidation
(redirected from Winding-up)