Lagos porn hookups - Liquidating

If there is a surplus after payment of all creditors, this is distributed pro rata amongst the shareholders of the company. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected timing of the completion of the liquidation or distributions; the estimated per unit distribution from the liquidation; attributes of the The Distribution is possible primarily as a result of orders entered by the Bankruptcy Court disallowing certain claims, and thereby, permitting the release of a claim reserve of approximately million that has been established in conjunction with various disputed claims, as well as approximately million for amounts received on account of other activities, including the distributions will depend on the timing and amount of proceeds the Company will receive upon the sale of the remaining assets and the extent to which reserves for current or future liabilities are required.

commodity subsidiaries are authorized to make partial distributions to certain of their creditors, while reserving sufficient amounts for future distributions until the Bankruptcy Court resolves certain outstanding disputes among the creditors of these subsidiaries (more fully discussed below) and for the payment of administrative and priority claims and trust expenses.

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.

A type of payment made by a corporation to its shareholders during its partial or full liquidation.

Any transaction that offsets or closes out a long or short position. Liquidation also refers to a situation in which a company ceases operations and sells as many assets as it can; the company uses the cash to repay debt and, if possible, shareholders.

Liquidation often has a negative connotation for this reason. Case Study If eliminating dividends, laying off employees, selling subsidiaries, restructuring debt, and, finally, reorganization under Chapter 11 bankruptcy fail to resuscitate a business, the likely outcome is liquidation.

It was expected the asset liquidation would result in creditors being paid only a portion of their claims while stockholders of the company would receive nothing.

The firm's stock was trading over the counter for 2¢ per share at the time of the announcement.

If there is a surplus after payment of all creditors this is distributed pro rata amongst the ordinary shareholders of the company. the process by which a JOINT-STOCK COMPANY's existence as a legal entity ceases by ‘winding up’ the company.

Such a process can be initiated at the behest of the CREDITORS where the company is insolvent (a compulsory winding-up) or by the company directors or SHAREHOLDERS, in which case it is known as a voluntary winding-up.

Early 2001 witnessed the end of the line for Tennessee-based retailer Service Merchandise, a 42-year-old chain of catalog showrooms that proved unable to compete with large discounters such as Wal-Mart.

Following a three-year attempt at reorganization under Chapter 11 bankruptcy, the firm announced it would close all 216 stores and liquidate its inventories and real estate.

In such cases, investors in preferred stock have priority over holders of common stock.

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