What is Chapter 7 liquidation?

Answer When all else fails, you can still declare bankruptcy. However, it is important to realize that this is not an easy route out of a bad situation. There are several kinds of bankruptcy, and each add... Read More »

Top Q&A For: What is Chapter 7 liquidation

Is Chapter 11 bankruptcy liquidation or restructuring?

Chapter 11 of the Bankruptcy Code, a federal statute, allows debtors to reorganize their business and/or personal debts. Individuals and businesses can file for Chapter 11 protection. If granted,... Read More »

What is liquidation value?

A liquidation value is the estimated value of assets in a company should it be sold for cash, according to the Investor Glossary. The glossary reports that liquidation values come in two types: dis... Read More »

IRA Liquidation Penalties?

An IRA is a retirement savings account that allows investors to put assets in a wide range of investment options. Investors have access to their funds at any time while owning the IRA, but may be p... Read More »

What is a liquidation sale?

In a liquidation sale, a company typically sells all of its inventory.ReasonsLiquidation sales typically occur when a company files for bankruptcy and needs cash to pay off creditors. Financially s... Read More »