Sentences with phrase «files for liquidation»

A heavyweight line - up of Slaughter and May, Freshfields Bruckhaus Deringer, Dentons, Clifford Chance (CC) and Linklaters have mobilised as construction giant Carillion files for liquidation in one of the largest UK insolvencies for years.

Businesses can file for liquidation via Chapter 7 bankruptcy, but this usually is best done with the help of an attorney.)

Toys R Us filed for liquidation today, marking an end to over 70 years in the business.

That vulnerability was later fixed, but not before Mt. Gox was forced to give up and file for liquidation.

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.

Variations on this theme include making formal or informal arrangements to pay off your creditors, filing for voluntary liquidation, and declaring bankruptcy.

The company will file a motion for the liquidation in bankruptcy court, according to the person, who asked not to be identified because the announcement isn't yet public.

Former Level Solar CEO Richard Keiser has filed a motion for the company's Chapter 11 bankruptcy to be converted to a Chapter 7 liquidation, in a web of accusations and counter-accusations.

Having said that, the mall is in a serious predicament, as Sears continues to be that dead anchor store walking, but now there's the possibility of another anchor store going under, as my local Bergners department store is part of Bon Ton stores which filed for bankruptcy and is facing possible liquidation.

Toys «R» Us's days as a toy retailer appear to be numbered after the company filed plans for liquidation of its more than 700 domestic stores and over 200 of its Babies «R» Us stores.

Cambridge Analytica files for bankruptcy liquidation.

The company has officially filed for bankruptcy and all of its assets are in currently in liquidation.

• Chapter 7 Bankruptcy — Also known as a liquidation bankruptcy, a Chapter 7 bankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report for 10 years.

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.

We estimate its liquidation value to be 57 % higher at $ 13.9 M. Brean Murray Carret's original 13D filing disclosed its intention to tip out ARCW's board and «nominate an alternative slate of directors for election to [ARCW's]'s Board of Directors at the earliest possible opportunity.»

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.

Similarly, some issuers may cancel your rewards altogether if you file for bankruptcy, receivership, reorganization, liquidation, dissolution, or insolvency.

Alternatively, if the company flounders and files for bankruptcy, your fractional shares will have a superior priority claim to the liquidation value of the fractional shares than the senior bondholders and other shareholders.

Issuers will also cancel your rewards if you file for bankruptcy, receivership, reorganization, liquidation, dissolution, or insolvency.

Technically, yes, you can file for bankruptcy regardless of how little debt you owe, as there is not a legal minimum debt requirement in the bankruptcy law for either a Chapter 7 (i.e., debt liquidation) or Chapter 13 (i.e., debt reorganization) bankruptcy.

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.

The same can happen if you file for bankruptcy, receivership, reorganization, liquidation, dissolution, or insolvency.

Even then, before you file for chapter 7 bankruptcy, make sure you're ready to lose assets that will be up for liquidation.

LLC annexed to his 13D filing the following letter setting out his preference for a liquidation over a merger:

In New York, you can file under chapter 7 (also known as liquidation bankruptcy), chapter 9 (only for municipalities and governmental units), Chapter 12 (only for those who qualify as family farmers), chapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or income).

If the Company's shareholders approve the Plan, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to contingent liabilities and claims, ongoing clinical trial obligations, lease obligations, severance for terminated employees, and costs associated with the liquidation and dissolution, and make distributions to its shareholders of cash available for distribution, subject to applicable legal requirements.

We will have a better estimate for the likely distribution when the company files its Plan of Complete Liquidation and Dissolution of the Company.

Investor Tymothi O. Tombar filed a 13D notice on July 30, 2009 disclosing a 5.8 % holding and calling for the liquidation of the company.

If the Company's stockholders approve the Plan of Dissolution, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to contingent liabilities and claims, lease obligations, severance for terminated employees and costs associated with the liquidation and dissolution, and attempt to convert all of its remaining assets into cash or cash equivalents.

Moreover, if the Company's stockholders approve the Plan of Liquidation, the Company intends to file a certificate of dissolution, delist its shares from NASDAQ, sell and monetize its non-cash assets, satisfy or settle its remaining liabilities and obligations, including any contingent liabilities and claims, terminate its remaining employees throughout the wind down period, and make one or more distributions to its stockholders of cash available for distribution.

The simplest and quickest way to file for personal bankruptcy in Tennessee is with a Chapter 7 bankruptcy, also called a Straight Bankruptcy or liquidation.

Filing a Chapter 11 bankruptcy is an option for businesses when it has a predictable, long - term income that is greater than the liquidation value of its assets.

«There have been a number of law firms over the years that have filed for bankruptcy protection, going back to Finley Kumble, and they've all basically ended up in liquidation,» Lauria told us at the time.

Great Pay to $ 36K Immediate need for grower accountant to handle all grower accounting responsibilities including timely reporting to growers, liquidation reports, A / P, A / R, filing and other duties as assigned.

Xceligent Inc. filed for chapter 7 liquidation after a year - long legal battle with CoStar Group Inc., the Wall Street Journal reports.

The Toronto - based chain will seek court approval for the filing on Friday and begin liquidation sales at its remaining 150 stores on Oct. 19 at the earliest, according to a statement Tuesday.

They are the bane of every landlord's existence — troubled tenants that may be evaluating opting out of their leases or getting ready to file for bankruptcy / liquidation.