Sentences with phrase «proceeds from the liquidation»

Not exact matches

Last week, a federal judge signed off on Radio Shack's Chapter 11 plan, which distributes proceeds from the company's liquidation to creditors.

A liquidation settles this debate, distributing to owners of pieces of paper the actual cash proceeds resulting from the sale of corporate assets to the highest bidder.

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.

Chapter 7 Bankruptcy is considered a liquidation bankruptcy and generally liquidates a debtor's nonexempt assets, using the proceeds from the sale to repay the debtor's creditors.

A liquidation settles this debate, distributing to owners of pieces of paper the actual cash proceeds resulting from the sale of corporate assets to the highest bidder.

We've been following ASPN (see our ASPN post archive) because it's trading at a discount to its $ 1.17 per share liquidation value and there are several potential catalysts in the stock, including a 13D filing from Tymothi O. Tombar, a plan to distribute substantially all of the net, after - tax proceeds from the completion of the Venoco sale to its stockholders ($ 5.3 M), and the possibility that the company will dissolve.

As Aspen currently has no active business operations and a significant amount of liquid assets, Mr. Tombar believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all of the proceeds from the Sale and Aspen's additional liquid assets to Aspen's stockholders.

Warren or other activists could thus acquire the business, pay off the creditors and profit from the proceeds of the liquidation.