Answered By: Barbara Coffey
Last Updated: Sep 25, 2019     Views: 26

Liquidation occurs when a company can not pay its bills and sells assets to attempt to pay back creditors. 


  • Compustat, which is available through WRDS, lists S&P Quality Ranking (Mnemonic - SPCSRM) as 99 for liquidations.
  • CRSP, which is available through WRDS a delisting code as 400-499 for liquidations.
    • Note: the company would have to be delisted to be included.
  • SDC's Mergers and Acquisitions Database which is available in Firestone (A Floor - RIS Suite) has a liquidation flag.
    • To be included the liquidated company has to be acquired.
  • Thomson One Banker
    • Click on deals.
    • Click on Advanced Search.
    • Click on All Mergers and Acquisitions.
    • Click on Continue.
    • Click on Find Search item.
    • Under search criteria, type in Liquidation.
    • Click on Liquidation Flag.
    • Click on Select Search Item.
    • Click on Select All Liquidations.
    • Apply to search.
    • Click on Execute Search.

Related Topics

Contact Us

Chat with a Librarian

Text a Librarian

Text (609) 277-3245 to get live help on your mobile phone (available the same hours as the Chat service)

Email a Librarian

You can email your research questions to or you can request an individual appointment with a subject specialist.

Call a Librarian

Call (609) 258-5964 to speak to a reference librarian during most open hours of the Libraries.