Sentences with phrase «cease business operations»

Business insurance can even enable your company to continue receiving an income if a covered event, such as a tornado, forces you to cease business operations for an extended period of time.

«A lot of borrowers have had to cease business operations because of the disaster, and travel warnings issued by foreign governments have reduced the number of tourist arrivals,» OJK chairman Wimboh Santoso said in a statement on Sunday.

However, if a chapter 7 bankruptcy is filed these companies must cease business operations and can not use chapter 13.

NECC has reportedly ceased business operations at its Framingham facility while the investigation is ongoing.

Not exact matches

A failed business may simply cease operations; with the owners and investors absorbing the losses (if any); a troubled business on the brink of going under may seek to merge with another company that has the resources to keep it afloat and out of bankruptcy; or a dying business may be bought up by another, stronger company, seeking to breathe new life into it or simply to acquire its assets.

Results for funds that go out of business are included in the index until the date that they cease operations.

The embattled political consulting firm Cambridge Analytica announced yesterday that it would cease most operations and file for bankruptcy amid growing legal and political scrutiny of its business practices and work for Donald J. Trump's presidential campaign, the New York Times reported.

The NSW Food authority on Wednesday confirmed it had issued a prohibition order against the business, effectively ordering it to cease operations and rectify the issues.

WASHINGTON — The U.S. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) today announced that it has ordered Lowell, Massachusetts - based Flavio Borges Prado, doing business as Golden Eagle Delivery, USDOT No. 2290193, to immediately cease all intrastate and interstate operations after a federal investigation found the carrier to pose an imminent hazard to public safety.

According to D&B: Their commercial credit scores ``... predict the likelihood of a business paying its bills in a severely delinquent manner (91 days or more past terms), obtaining legal relief from its creditors or ceasing operations without paying all creditors in full over the next 12 months.

Small businesses were more likely to succeed than cease operations between 2009 and 2010, a period that saw the net creation of 145 companies.

When the asset - backed commercial paper market shut down in August 2007 because of the credit crunch, Coventree ceased operations and announced that it would wind down its business.

If things go wrong businesses sometimes cease operations, my life will go on.

On July 13 Ambassador Group announced a plan to cease operations by year - end and liquidate the business, returning capital to shareholders.

The André Emmerich Gallery was sold to Sotheby's in 1996 after more than forty years in business, and it subsequently ceased operations in 1998.

In two cases representing plaintiffs alleging misappropriation of trade secrets and breaches of confidentiality agreements, obtained settlements after the start of trial in which defendants agreed to cease certain business operations.

If we are unable to effectively manage and minimize errors, failures, interruptions or delays caused by third parties, or if our third - party service providers cease to do business with us, our ability to deliver services to our customers, business, brand and reputation and results of operations may be adversely effected.

It is important to read the fine print and make sure that it does not limit the coverage to the provider declaring bankruptcy since many businesses tend to cease operation without actually declaring bankruptcy.

A suspension occurs if your business operations slow down or cease entirely.

That way, if your business is forced to temporarily close or cease operations while fire damage is being repaired, it can still count on an income that will enable payment to creditors and salaried employees until normal operations can once again be resumed.

Less than two weeks ago, BitConnect got slapped with a cease and desist letter from the Texas Securities Board, ordering the company to close down its operation and cut distribution of BCC — at least until it had worked out an agreement with the Securities Commissioner or was granted the necessary exemptions to continue its business.

The financial demand of ransomware may not be high (50 % were less than $ 1,000), but when 22 % of businesses have to completely cease operation to purge their systems it's bound to cost much more than the price the attacker demands.

As we noted in March, when Toshiba «ceased operations of its consumer PC business in the US,» we don't expect it to come back.

Indian financial institutions have three months to cease doing business with digital asset operations but some of...

IRG and previous landowners Colliers International and STG Group have leased sections of Hanford Business Park to small businesses since Pirelli ceased operations in 2001, according to numerous local news reports.

During August of last year, Turkey's sole bitcoin exchange, BTCturk, announced that it would cease operations due to its inability to find a banking partner — suggesting that despite bitcoin's legal status within Turkey, domestic financial institutions are hesitant to partner with cryptocurrency businesses.

According to the filing, «These factors, among others, raise substantial doubt about our ability to continue as a going concern,» it goes on to say, «If we are unable to continue to obtain financing to meet our working capital requirements, we may have to curtail our business sharply or cease operations altogether.»

As a result, Market Force lost business and its sales force, and eventually ceased operations.

«The plaintiffs have suffered economic loss as a result of the joint venture ceasing operations and Bell terminating its relationship with all of the plaintiffs, which was the consequence of TREB terminating the MLS system access of Moranis, Beach, Realtysellers and BNV to the MLS data... the plaintiffs suffered damages as a result of the tort of intentional interference with their economic relations that forced them out of the resale residential brokerage business,» says the new Statement of Claim.