Sentences with phrase «assets for liquidation»
The court denied his request to dismiss the case and ordered the seizure of the undisclosed assets for liquidation and distribution to his creditors.
http://downriverbankruptcy.com/ Not exact matches
The company, which filed for bankruptcy in February, is winding down its business after two liquidation firms — Great American Group and Tiger Capital Group — won an auction for the company's assets.
For this reason it may just be safer to sell the assets outright in a partial liquidation.
The bill raises the asset threshold at which banks must comply with stricter capital and planning requirements, including yearly stress tests and developing «living wills» for an orderly liquidation in times of crisis.
Accounting book value is meant to measure the potential assets available to investors in the event of liquidation, and that's simply not a very useful measurement for most equity investors.
Liquidation Value - The amount for which the assets of the Company can be sold, minus the liabilities owed, e.g., the assets of a bakery include the cake mixers, ingredients, baking tins, etc..
Now the bondholders are clamoring for asset liquidation, hoping to get some of their money back.
Current conversation has focused on the liquidation of the company's U.S. assets, however the future for the company's various international branches is far from certain.
Toys R Us, for example, an established brick - and - mortar player that was founded in 1948 by Charles Lazarus, recently announced the liquidation of its assets, with payments to suppliers and lenders hanging in the balance.
They have assisted us with multiple plant liquidations as well appraisals for our assets»
Because the company needs to value to its outstanding debts and assets during the liquidation process, it's pushing for a final conclusion to the SGEIS process.
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The company has officially filed for bankruptcy and all of its assets are in currently in liquidation.
The debtor obtains debt relief through judicially supervised reorganizations or liquidation of his or her assets for the benefit of creditors.
An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.
Our updated estimate for the company's net cash value is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidation):
The tender offer is conditioned upon, among other things, (i) the BVF Nominees being elected to Avigen's board of directors at a special meeting of stockholders called for that purpose, or otherwise appointed, and constituting a majority of directors on Avigen's board, (ii) the Avigen board redeeming the poison pill rights issued and outstanding under Avigen's Poison Pill Rights Plan, or the Purchaser being satisfied in its reasonable discretion that the Poison Pill Rights are otherwise inapplicable to this tender offer, the Purchaser or any affiliate or associate of the Purchaser and (iii) Avigen not having authorized, recommended, proposed, announced its intent to enter into or entered into an agreement with respect to or effected any merger, consolidation, liquidation, dissolution, business combination, acquisition of assets, disposition of assets, alternative strategy or relinquishment of any material contract or other right of Avigen or any comparable event or capital depleting transaction not in the ordinary course of business.
Since in this liquidation bankruptcy your creditors can stake claim on your properties, make sure that you don't have assets that are valuable enough for the creditors to file against.
In the 13D filing the individual states his intent which is «As Aspen currently has no active business operations and a significant amount of liquid assets, (individual name) believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all the proceeds from the Sale and Aspen's additional liquid assets to Aspen's shareholders.
IF Soap received something like 4.5 mm for software asset sale, the rest of the liquidation items could come in at the minimum (including the lease terminations) and soap would still have a value of appx.53, above its current.46.
We've written previously about Chapman's fondness for «asset - rich companies with battered stock prices,» which sees him frequently operating in the universe of stocks trading below liquidation value.
See an attorney to determine whether you qualify for Chapter 7 bankruptcy and whether any assets you own are non-exempt (subject to liquidation).
Any shareholders remaining in the fund on the distribution date will automatically have their shares redeemed for cash at the net asset value as of the liquidation date.
The first being Benjamin Graham's net current asset value method that looks for companies trading for less than two - thirds their current assets less all their liabilities, which is a rough measure of their liquidation value.
Chapter of the Bankruptcy Code that provides for court administered liquidation of the assets of a financially troubled individual or business.
In fact, well over 95 % of all Chapter 7 cases provide for no payments to creditors through asset liquidation.
In «Security Analysis» Graham describes how current assets available for shareholders, i.e. current assets - total liabilities, can be used as an approximation for liquidation value.
In the Fund's view, few U.S. corporations are going to go for as long as five years without being involved in resource conversion activities - mergers and acquisitions; changes of control; management buyouts; massive share repurchases; major financings, refinancings or reorganizations; sales of assets in bulk; spin - offs; investing in new ventures in other industries; and corporate liquidations.
Posted in Activist Investors, MRV Communications Inc (OTC: MRVC), Stocks, Value Investors for Change, tagged Activist investment, Liquidation Value, MRV Communications Inc (OTC: MRVC), Net Current Asset Value, Value Investors for Change on October 8, 2009 2 Comments»
Posted in Activist Investors, MRV Communications Inc (OTC: MRVC), Special Situation, Stocks, Value Investors for Change, tagged Activist investment, Liquidation Value, MRV Communications Inc (OTC: MRVC), Net Current Asset Value, Special Situation on August 25, 2009 1 Comment»
We have adjusted the September 10Q balance sheet to account for the sale of the SEN JV and to back out several other payments and projected it forward to March (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidation):
One reason for calling such purchases bargain issues is that usually net - current - asset values may be considered a conservative measure of liquidation value.
Bankruptcy laws, changed in 2005, made stricter rules for who can file a Chapter 7 bankruptcy, the simplest form of bankruptcy that requires a liquidation of your assets.
By Pledging Assets, a borrower eliminates the need to liquidate assets to obtain the cash needed for a down payment, avoids capital gains taxes associated with such liquidation, maintains a more liquid position, and continues to benefit from any future earned interest, dividends, and appreciation in their pledged aAssets, a borrower eliminates the need to liquidate assets to obtain the cash needed for a down payment, avoids capital gains taxes associated with such liquidation, maintains a more liquid position, and continues to benefit from any future earned interest, dividends, and appreciation in their pledged aassets to obtain the cash needed for a down payment, avoids capital gains taxes associated with such liquidation, maintains a more liquid position, and continues to benefit from any future earned interest, dividends, and appreciation in their pledged assetsassets.
My favorite stocks are those trading at a substantial discount to net current assets or liquidation value, with an activist pushing for a catalyst to unlock the value.
Fire - power covers a host of tactics: Sometimes it's just sheer weight of money (and they become the largest shareholder), but it also includes nominating directors to the board, conducting proxy fights, deposing and / or appointing management, suggesting operational changes and / or asset / business sales, scaring up bidders for a company (or even bidding themselves), demanding strategic reviews or even wind - downs or liquidations, etc..
Because the converts are trading at a premium to face value (because if converted they are more valuable than their liquidation value) but are accounted for only at liquidation value in the NAV calculation, the conversion will result in dilution of the total asset value and thus the NAV per share.
While his friends headed out in the evening, Evans would stay home reading balance sheets and looking for promising companies: those he could he could buy for less than the assets were worth in liquidation.
Our updated estimate for the company's liquidation value is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidation):
For those new to the site, my argument is that a systematic application of the deep value methodologies like Benjamin Graham's liquidation strategy (for example, as applied in Oppenheimer's Ben Graham's Net Current Asset Values: A Performance Update) or a low price - to - book strategy (as described in Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation and Risk) can lead to exceptional long - term investment returns in a fuFor those new to the site, my argument is that a systematic application of the deep value methodologies like Benjamin Graham's liquidation strategy (for example, as applied in Oppenheimer's Ben Graham's Net Current Asset Values: A Performance Update) or a low price - to - book strategy (as described in Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation and Risk) can lead to exceptional long - term investment returns in a fufor example, as applied in Oppenheimer's Ben Graham's Net Current Asset Values: A Performance Update) or a low price - to - book strategy (as described in Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation and Risk) can lead to exceptional long - term investment returns in a fund.
The summary of our estimate for the company's liquidation value is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidation):
Few investors had the inclination or stamina to evaluate these assets or the willingness to own them for the duration of a liquidation likely to take several years.
Many investors in the liquidation of City Investing had been disappointed with the prices received for assets sold previously and with City's apparent inability to sell Home Insurance and complete its liquidation.
This protects them at the risk of making the crisis worse for everyone else as the prices of risky asset declines after liquidations.
Even then, before you file for chapter 7 bankruptcy, make sure you're ready to lose assets that will be up for liquidation.
Green admitted he bought 22 houses with the funds from borrowers; those assets are intended for liquidation to repay affected student borrowers.
To reiterate, and for the record, given the current business environment and the company's assets and prospects, we strongly urge the Board to pursue a path of liquidation.
Posted in Activist Investors, MRV Communications Inc (OTC: MRVC), Stocks, Value Investors for Change Tagged Activist investment, Liquidation Value, MRV Communications Inc (OTC: MRVC), Net Current Asset Value, Value Investors for Change 2 Comments
The liquidation of UTMA / UGMA assets for contribution to a Scholars Choice account may be a taxable transaction.
If there was ever an investment style that should suffer from too many practioners, Graham's «net current asset value» proxy for liquidation value investing is it.