### Question
Can you define what liquidation proceeding means?


### Answer
**Liquidation proceeding** is defined as the following 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 2Bdash1-SECURITIES INVESTOR PROTECTION**

