### Question
What does liquidation proceeding mean?


### Answer
**Liquidation proceeding** has the following meaning in *15 U.S.C. § 78lll*:

> any proceeding for the liquidation of a debtor under this chapter in which a trustee has been appointed under section 78eee(b)(3) of this title

#### Citation:
  - *15 U.S.C. § 78lll*
  - Heading: **CHAPTER 2B&ndash;1-SECURITIES INVESTOR PROTECTION**

