1. A formal plan or strategy for converting assets into cash and settling all debts and obligations of a company, business, or estate
The company filed a liquidation plan to distribute remaining assets to creditors.
A empresa apresentou um plano de liquidação para distribuir os ativos restantes aos credores.
2. A structured program for systematically selling off inventory or assets at reduced prices
The store announced a liquidation plan to clear out old merchandise before closing.
A loja anunciou um plano de liquidação para descarregar a mercadoria antiga antes de fechar.
3. A court-approved procedure for dissolving a business and settling financial obligations
Under the liquidation plan approved by the bankruptcy court, creditors will receive partial payments.
Sob o plano de liquidação aprovado pelo tribunal de falências, os credores receberão pagamentos parciais.