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.

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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).

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After years of suing the bank Istituto Mobiliare Italiano for causing the liquidation of his chemicals company, he won a huge settlement.

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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.

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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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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).

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Daw Mill staff fear if UK Coal went into voluntary liquidation, workers could receive state payouts instead of enhanced benefits if they were not transferred over to a new company.

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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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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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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.

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