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involuntary liquidation

    0.03 sec.
See: bankruptcy


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Such state actions include involuntary liquidation because of insolvency, as well as other regulatory processes and procedures such as supervision, rehabilitation, receivership, conservatorship, a cease-and-desist order, suspension, license revocation, administrative order and any other action that restricts a company's freedom to conduct its insurance business as normal.
com is a liquidation that is supported by a company's shareholders, as opposed to an involuntary liquidation forced by Chapter 7 bankruptcy.
The firm has been placed in involuntary liquidation and investors have been warned they will be unlikely to recover much of their money.
 
 
 
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