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Individuals To file Chapter 7, the debtor files a petition with the local bankruptcy court.(In some cases, creditors can force a debtor into Chapter 7 by filing the petition themselves.) The debtor must provide the court with financial and tax information, as well as a list of creditors and outstanding debts..boxy-content a.term-action, button.term-action a.term-action:hover, button.term-action:hover .term-action-bg .term-uex .term-cite .term-fc .term-edit .boxy-dflt-hder .definition .definition a .definition h2 .example, .highlight-term a.round-btn, a.round-btn.selected:hover a.round-btn:hover, a.round-btn.selected .social-icon a.round-btn .social-icon a.round-btn:hover a.round-btn .fa-facebook a.round-btn .fa-twitter a.round-btn .fa-google-plus .rotate a a.up:hover, selected, a.down:hover, selected, .vote-status .adjacent-term .adjacent-term:hover .adjacent-term .past-tod .past-tod:hover .tod-term .tod-date .tip-content .tooltip-inner .term-tool-action-block .term-link-embed-content .term-fc-options .term-fc-options li .term-fc-options li a .checkmark .quiz-option .quiz-option-bullet .finger-button.quiz-option:hover .definition-number .wd-75 .wd-20 .left-block-terms .left-block-terms .left-block-terms li .no-padding .no-padding-left .no-padding-right .boxy-spacing @media (min-width: 768px) @media (max-width: 768px) @media print { a:link:after, a:visited:after nav, .term-action, #wfi-ad-slot-leaderboard, .wfi-slot, #related-articles, .pop-quiz, #right-block, .These example sentences are selected automatically from various online news sources to reflect current usage of the word 'liquidate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. In the financial world, to liquidate something means to sell it for cash.You can then choose which Liquidator you would like to approach with a view to appointing them to carry out your company’s liquidation.There is a one-off fee of just €69 to cover administration of this process.

Individuals, partnerships or corporations can liquidate assets.

Businesses The procedure for filing Chapter 7 bankruptcy is very similar for businesses.

Public companies must also file a form 8-K with the SEC to notify shareholders of the bankruptcy proceedings.

So when you make just one enquiry with we will consult with our panel and obtain quotations from Liquidators with specific experience in your business sector.

Within one week of making your enquiry, you will receive a range of quotations and also a profile of each Liquidator.

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