It usually follows payment delays, debt defaults and a push for courts to force the company into liquidation to pay its debts.
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"It is so sad that Tony Scott's company went into liquidation but we would like a festival this coming year, " she said.
According to an article in Modern Healthcare (subscription required) the first company to begin liquidation as a result of the law appears to be MedCath.
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The analyst even said that the extension is a positive in that the holders of the notes are continuing to work with the company on the liquidation of the underlying mortgage-backed securities, which are serving as collateral for the debt.
In late April this mismatch claimed its first victim when Nissan Mutual, the country's 16th-largest life company, went into liquidation.
Most of its 70 staff were made redundant on Monday and the company was put into provisional liquidation the next day.
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To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle, according to regulatory filings.
To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle (nasdaq: ORCL - news - people ), according to regulatory filings.
After years of suing the bank Istituto Mobiliare Italiano for causing the liquidation of his chemicals company, he won a huge settlement.
Two companies have expressed an interest in running a music festival in Surrey in 2013 after the company which ran Guilfest went into liquidation.
The company, which was sold to a liquidation firm in late 2007, operates far fewer stores than in its 1990s heyday.
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This was a day before the company had to reach a decision on liquidation, as it was almost out of cash.
But still, the company is selling for less than the probable liquidation value of those boats.
The truth is, if the Obama Administration has its way, the Hostess liquidation is coming to a local company near you.
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He even called on Congress to consider new ways to assist the orderly unwinding of a big securities company (the way the FDIC handles the liquidation of a bank, for example), urging it to work with the Treasury Department on ideas.
Furthermore, the notion that they have the security of a debt instrument is usually a fallacy rarely is there any liquidation value when an early-stage company fails.
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One provision of the Act, Title II, creates an Orderly Liquidation Panel charged with determining if a company on the brink of collapse can be placed into receivership under the Federal Deposit Insurance Corporation (FDIC).
Investors, who have been paying too much attention to Hostess Brands the maker of Twinkies that strives to avoid liquidation, have probably missed a doughnut company that reported strong Q4 results on Tuesday, Krispy Kreme Doughnuts, Inc. (NYSE:KKD).
The company behind the theme park, Lapland Newforest Ltd, went into liquidation, jurors heard.
The consumer electronics company has been struggling to survive a consumer recession that has already sent rival Circuit City into liquidation.
However, tangible book value per share is a good measure of liquidation value, or the amount that shareholders can reasonably expect to receive should the company go under.
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Mr Power's announcement comes 10 days after the company which operated the separate family park at the venue, Hop Farm Trading Ltd, went into liquidation.
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