liquidators
Wind down businesses
Liquidators are people who wind up the affairs of a business, selling off assets to pay creditors when a company closes or goes bankrupt.
The term extends to anyone who eliminates or disposes of something systematically.
In Soviet and post-Soviet contexts, liquidators were the workers sent to clean up the Chernobyl nuclear disaster: The liquidators received medals but often died young from radiation exposure.
Inability to pay debts
- creditorsThose owed payment
- debtsSums owed to others
- receivershipCourt-ordered asset management
- trusteeOne managing another's assets
insolvent · bankrupt · administration · dissolution · unsecured · secured · claims · foreclosure
Formal business dissolution
- dissolutionBreaking up completely
- terminationAct of ending something
- shutdownCessation of operations
- cessationA full stopping
closure · disbandment · striking off · deregistration · distribution · company secretary · directors · shareholders
Competitive public sale
- valuationAssessment of monetary worth
- divestmentDisposal of assets
- disposalAct of throwing away
- appraisalEstimation of worth
bidding · inventory · surplus · sell-off · clearance · market value · consignment · wholesale
Soviet nuclear disaster site
- radiationEnergy propagation through space
- decontaminationRemoving dangerous substances
- exclusion zoneBarred access territory
- dosimeterExposure measurement device
reactor · cleanup crews · protective gear · evacuation · fallout · contamination · sarcophagus · heroism
Person who manages operations
- receiverOne who accepts transmission
- appointedAssigned to office
- licensedGranted official permission
- feesCosts for services
investigation · report · duties · powers · fiduciary · accountant · solicitor · court officer
insolvency
Inability to pay debts
- creditorsThose owed payment
- debtsSums owed to others
- receivershipCourt-ordered asset management
trustee · insolvent · bankrupt · administration · dissolution · unsecured · secured · claims · foreclosure · default
winding-up
Formal business dissolution
- dissolutionBreaking up completely
- terminationAct of ending something
- shutdownCessation of operations
cessation · closure · disbandment · striking off · deregistration · distribution · company secretary · directors · shareholders · resolution
auction
Competitive public sale
- valuationAssessment of monetary worth
- divestmentDisposal of assets
- disposalAct of throwing away
appraisal · bidding · inventory · surplus · sell-off · clearance · market value · consignment · wholesale · tangible
Chernobyl
Soviet nuclear disaster site
- radiationEnergy propagation through space
- decontaminationRemoving dangerous substances
- exclusion zoneBarred access territory
dosimeter · reactor · cleanup crews · protective gear · evacuation · fallout · contamination · sarcophagus · heroism · sacrifice
administrator
Person who manages operations
fees · investigation · report · duties · powers · fiduciary · accountant · solicitor · court officer · bonded
- ChernobylPripyat, exclusion zone, meltdown, nuclear disaster, explosion
- discount storesdiscounter, Dollar General, dollar store, dollar stores, Dollar Tree
- e-commerce sellersAmazon sellers, eBay sellers, Etsy sellers, small businesses, resellers
- legal partiesassignee, assignor, creditor, debtor, beneficiary
- destroyersdestroyers, guided missile, torpedo tubes, hull, stern
- responsible partiesfiduciaries, trustees, guardians, stewards, executors
liquidatorsfounders
Those who begin institutions
entrepreneurs · incorporators · builders · startup founders · creators
liquidatorsacquirers
Those who obtain ownership
accumulators · consolidators · buyers · investors · asset managers
liquidatorsrescuers
Those who save endangered people
administrators · receivers · conservators · rehabilitators · preservers