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Simple English definitions for legal terms

partial liquidation

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A quick definition of partial liquidation:

Partial liquidation is when a company sells some of its assets to pay off its debts, but it doesn't close down completely. It's like selling some of your toys to pay for something you owe, but you still get to keep some of your toys.

A more thorough explanation:

Partial liquidation refers to the process of selling off some of a company's assets to pay off its debts, rather than selling off all of its assets and closing down the company completely.

For example, if a company is struggling financially, it may choose to sell off some of its non-essential assets, such as property or equipment, to generate cash and pay off its creditors. This allows the company to continue operating, albeit on a smaller scale.

Partial liquidation can be a useful strategy for companies that are facing financial difficulties but still have valuable assets that can be sold to generate cash. It can also be a way to avoid bankruptcy and keep the company running.

partial-birth abortion | particeps

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

[] cheriebomb

15:23

what if I started flexing again

cheriebomb

15:24

that might be too much

llama

15:33

can we see ur mod badge?

[M] cheriebomb

15:41

just for u sweetie pie

llama

15:43

woah so much swagger with dat 'm;

Dkk

15:47

@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.

llama

15:48

https://www.urbandictionary.com/define.php?term=Chad%20Thundercock

Dkk

15:48

Indeed, the legendary man himself.

cheriebomb

15:49

I would go to blow my back out by the bay boston

llama

15:50

lift with ur back not your legs, its better to have a blown back than two bad legs

CynicalOops

15:53

Blow and back day out by boston bay

cheriebomb

15:59

so true

Dkk

16:03

Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.

windyMagician

16:10

is it dumb that I rlly want to go to Mich even tho I have a full ride to umn

llama

16:12

no-value as a consumer often means more than the price

Dkk

16:15

@windyMagician: Nah michigan is better than UMN

Dkk

16:15

My sister just officially graduated, yay!

llama

16:16

awesome @Dkks sister

llama

16:16

prolly named veronica or sarah

windyMagician

16:16

@Dkk: for public defense tho?

windyMagician

16:16

Sarah in the bathroom

texaslawhopefully

16:17

@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.

windyMagician

16:17

fuck okay

windyMagician

16:17

going to my dream school is crazy

KnowledgeableRitzyWasp

16:18

michigan also has better options if you do PD for 10 years then want to do something else

windyMagician

16:19

also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?

llama

16:20

would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like

texaslawhopefully

16:23

For fed clerkships by far Michigan places better. I think it’s like 14-15 percent

windyMagician

16:25

sticker debt is high-key scary tho

texaslawhopefully

16:26

I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.

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