One study found that mutual funds holding illiquid assets were more likely to suffer investor redemptions because of bad performance than were funds holding liquid assets.From runs to fire sales"Collective attempts at liquidation to meet withdrawal requests would lead to ruinous fire sales," write Stephen Cecchetti of Brandeis University and Kim Schoenholtz of New York University.
Although deputy mayor Jaroslaw Jozwiak says a final decision has not yet been made and this does not represent a liquidation of the museum and its collections, there is no doubt that the loss of this recognised small museum will mean less access to its 20,000 drawings and research facilities.
King had also claimed it is "inevitable" that Rangers will go into liquidation.
And there were anxious murmurs from the sector earlier this month when Eco-Actif – a community interest company spin-out and sub-contractor providing support for the long-term jobless in south- east London – went into voluntary liquidation, claiming its banks considered the Work Programme too financially risky.
Related: Bournemouth 3-0 Bolton Wanderers | Championship match report Mostyn, who wrote a cheque for £100,000 to save the club from liquidation in 2008, tweeted: "OMG just got home 0250 What has just happened so proud of everyone @afcbournemouth on promotion to the @premierleague £DreamsDoComeTrue".
The remarks make reference to Sevco Scotland, the name of the company who purchased the business and assets of Rangers in the summer, after the club was consigned to liquidation.
The Rangers public relations stance is that the club remain the same as ever, history intact, despite the fresh corporate identity created by liquidation.
The First Division club were placed in provisional liquidation this week with debts of £750,000 but will hold an emergency general meeting on Monday, when shareholders will be asked to allow the constitution to be changed to clear the way for a takeover bid.
The Rangers support stand accused of gullibility in not realising that their club was being so badly mismanaged, but even they are entitled to highlight how badly the subsequent situation – as the "old" club succumbed to liquidation – has been handled.
Jeff Mostyn, Bournemouth's chairman, had to inject his own cash to ensure that they did not enter liquidation.
According to a recent local report on living standards, Zimbabwe social indicators have regressed to 1960 levels, while company closures continue unabated amid estimates that nearly 40 companies are currently undergoing either judicial management or liquidation.
