noun
voluntary liquidation; voluntary winding-up
Legal term for a company's voluntary decision to dissolve and liquidate its assets, as opposed to compulsory liquidation.
会社は任意整理を選択し、債権者との話し合いを始めた。
The company chose voluntary liquidation and began discussions with its creditors.
Compound of 任意 (voluntary) and 整理 (liquidation, settlement). The term is a direct translation of the English legal concept.