The term liquidation contains three meanings. First, the realization of cash. Namely the sale of ownership in stocks, bonds, or commodities, either for profit or avoid mupun anticipate losses due to lower prices. He could as forced or voluntary. Usually liquidation pointing to further extend a predetermined period. In such cases, the forms become part of the liquidation of the business cycle, which is particularly marked fall of prices, business failures and no active effort.
Second, the termination of the company by way of conversion of assets into cash and distributing the results of the conversion. The first to the creditors in the order of preferred, and the remainder, if any, to the owner of the company in proportion to its ownership.
Third, a way of healing that is available to borrowers who could not pay its obligations (insolvent). Realization of the basic aims liquidation of its assets and liquidate its obligations rather than business continuity, as is usually the case in the reorganization. Insolvency refers to the inability of the debtor to pay obligations-obligations that have matured.
Liquidation can be started with a voluntary proposal (original debutur put the proposal) or the proposal not voluntarily (creditors who initially proposed). In a liquidation, a trustee appointed temporary. The lenders who do not have collateral or the collateral has the right to have a trustee (the trustee) who remain. In many cases, a trustee liquidating the debtor's wealth is not free as soon as possible to consider the "best interests of the parties whose interests in the company".
Second, the termination of the company by way of conversion of assets into cash and distributing the results of the conversion. The first to the creditors in the order of preferred, and the remainder, if any, to the owner of the company in proportion to its ownership.
Third, a way of healing that is available to borrowers who could not pay its obligations (insolvent). Realization of the basic aims liquidation of its assets and liquidate its obligations rather than business continuity, as is usually the case in the reorganization. Insolvency refers to the inability of the debtor to pay obligations-obligations that have matured.
Liquidation can be started with a voluntary proposal (original debutur put the proposal) or the proposal not voluntarily (creditors who initially proposed). In a liquidation, a trustee appointed temporary. The lenders who do not have collateral or the collateral has the right to have a trustee (the trustee) who remain. In many cases, a trustee liquidating the debtor's wealth is not free as soon as possible to consider the "best interests of the parties whose interests in the company".
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