Sentences with phrase «assets of a bankrupt company»

The Supreme Court of Canada has agreed to hear the Indalex Limited case, which will determine if underfunded pension plans should be treated as a priority when it comes time to liquidate the assets of a bankrupt company.

Not exact matches

This system has never made me pass up an opportunity — in fact, it's helped me strengthen my cash flow so much that I've been able to contemplate all kinds of growth options, including a recent $ 325,000 bid on a bankrupt company whose assets were worth nearly 10 times that much.»

CEOC's creditors have accused the parent company of looting choice assets from its operating unit and leaving it bankrupt.

«If the company went bankrupt, they were afraid I wouldn't have any financial assets of my own for them to go after.»

It has even recovered the value of a $ 2 billion preferred equity investment into the holding company of bankrupt Brazilian tycoon Eike Batista by claiming assets including a Colombian gold mine and a key port.

A plan by Freedom Communications insiders to buy the assets of the bankrupt newspaper company is in danger of losing a key backer, jeopardizing their effort to retain control of the Orange County Register.Santa Ana real estate developer Mike Harrah said...

The company has expressed interest in bidding for some assets of Freedom Communications, the bankrupt publisher of the Orange County Register and several other California newspapers and magazines.

The idea, Cuomo said, is to recover more money employees were cheated out of when businesses went bankrupt — and went on to create spinoff limited liability companies registered in other states or hid their assets in other ways.

7) National: A nonprofit organization, ECMC, is buying up some of the assets of Corinthian Colleges, the bankrupt for - profit education company.

Many of the companies didn't have assets on hand to weather the storm and went bankrupt, leaving investors out millions.

The Fund seeks to achieve this by investing primarily in the following categories of securities and instruments of corporations and other business entities: (i) secured and unsecured floating and fixed rate loans; (ii) bonds and other debt obligations; (iii) debt obligations of stressed, distressed and bankrupt issuers; (iv) structured products, including but not limited to, mortgage - backed and other asset - backed securities and collateralized debt obligations; (v) equities; (vi) other investment companies, including business development companies; and (vii) real estate investment trusts.

A debt investor focuses in on companies with solid tangible assets because it provides a better protective foundation for the repayment of the debt's principal in the event a company experiences difficulties or were to go bankrupt.

Tangible book value is what shareholders of the company can expect to receive if the company were to go bankrupt and takes out items such as goodwill that no one buys when assets are liquidated.

With Midway Games going bankrupt earlier this year, the Chicago based - company has been looking for ways to sell the rest of their assets that Warner Bros. was unable to own after their takeover bid.

Photo: Vectrix Saved by GP Batteries It looks like Vectrix 2.0 has been born, risen from the ashes of the bankrupt Vectrix thanks to the help of GP Batteries, a Chinese company that bought most of the assets of the electric scooter maker.

Yukos was subject to substantial tax increases as a result of Russian tax revisions and when the company was unable to pay the incremental taxes, it was declared bankrupt in 2006 and its assets were seized and sold off.

An accountant is an invaluable asset to an organization as he is entrusted with the responsibility of handling money matters and ensuring the company doesn't go bankrupt by maintaining proper financial statements and audit reports.