Heinz Company Hartford Financial Services Group Hewlett-Packard Company Hillshire Brands Company Home Depot, Inc. Hormel Foods Corporation Huntington Ingalls Industries Independence Blue Cross, Inc. International Paper Intel Corporation Illinois Tool Works Inc. International Business Machines Jabil Circuit Jefferies & Company John Deere Johnson & Johnson Inc. This IP Address has exceeded the maximum number of captcha solutions. Aecom Technology Corporation Agilent Technologies, Inc. 3M Company Abbott Laboratories Advanced Micro Devices, Inc. In United Kingdom and United States law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed.
All amounts distributed or treated as distributed to a qualifying shareholder incident to the liquidation, including cash, the issue price of qualifying installment obligations as determined under paragraph (a)(2)(ii)(A) of this section, and the fair market value of other property (including obligations that are not qualifying installment obligations) are considered as having been received by the shareholder as the selling price (as defined in § 15a.453-1(b)(2)(ii) of this chapter) for the shareholder's stock in the liquidating corporation.This is not the same as its debts being discharged, as happens when an individual files for Chapter 7.The debts still exist in theory, at least until the statute of limitations has expired, but there is no debtor to pay them, so they must be written off in practice.Liquidation is the process of bringing a business to an end and distributing its assets to claimants.Once the process is complete, the business is dissolved.