Once approved for Washington Apple Health Pregnancy medical youâre eligible for services through the First Steps program. First Step helps pregnant women get the health and social services they may need and covers a variety of services for pregnant women and their infants.
BREAKING DOWN 'Liquidation'. 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. This is not the same as its debts being discharged, as happens when an individual files for Chapter 7.
Liquidation Bankruptcy Law and Legal Definition. Liquidation bankruptcy refers to a bankruptcy proceeding filed under chapter 7, title 11 of the Bankruptcy Code. Bankruptcy filed under Chapter 7 is the most common type of bankruptcy proceeding. In a Chapter 7 case, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay the creditors in accordance with the provisions of the Bankruptcy Code.