What does provisional liquidation mean?
Definitions for provisional liquidation
pro·vi·sion·al liq·ui·da·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word provisional liquidation.
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Wikipedia
Provisional liquidation
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. (The provisional liquidator is appointed to safeguard the assets of the company and maintain the status quo pending the hearing of the petition.) Unlike a conventional liquidator, a provisional liquidator does not assess claims against the company or try to distribute the company's assets to creditors, as the power to realise the assets comes after the court orders a liquidation.In practice most instances of applications for a provisional liquidator involve some type of allegation of fraud or other misconduct relating to the company.
Numerology
Chaldean Numerology
The numerical value of provisional liquidation in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of provisional liquidation in Pythagorean Numerology is: 2
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"provisional liquidation." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/provisional+liquidation>.
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