Felszámolás (liquidation)
Proceedings against an insolvent company in which its assets are sold to satisfy creditors, and the company ceases without successor.
Also known as: f.a., felszámolás alatt.
Liquidation is ordered by a court, typically because the company failed to pay its due debts. During the proceedings the company's affairs are run not by its former managers but by the appointed liquidator, and the company must use its name with the suffix „felszámolás alatt” ("under liquidation", short „f.a.”) — which is why the suffix appears in the registered name too.
It is not the same as voluntary dissolution: liquidation is a forced path due to insolvency, dissolution the voluntary winding-up of a solvent company. At the end the company is struck from the register.
For a business partner the suffix is a strong warning: claims against the company must be filed with the liquidator, and the company typically takes on no new obligations.
Where you find it on Felho
On NAV records and in the lists it appears as a red badge next to the name, because it is a state rather than part of the name — while the registered-name card shows the entered name letter for letter, suffix included.
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Source: Act XLIX of 1991 (Hungarian Insolvency Act). This is information, not legal or tax advice.