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The advantages of voluntary liquidation include: a write off of any debt that cannot be repaid once a company is closed, leaving a clean slate and letting directors make a fresh start.
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That could create a big dilemma for Syriza, which has campaigned on a platform of writing off of a sizeable part of Greece's enormous debt, currently 175% of its gross domestic product.
A write-off of about $300 million will be taken.
Now the fund is inconvenient: reducing Greece's debt credibly requires a write-off of official loans.
The restatement involved a write-off of $56 million after taxes for a disputed insurance claim.
Current law allows a write-off of 50percentt on a business meal.
It will take a write-off of at least $350 million after taxes.
The French media giant unveiled a write-off of goodwill to the tune of euro17.1 billion ($15.6 billion).
That foreclosure, involving a condo conversion in Naples, Fla., resulted in a write-off of $13 million.
It said it would take a write-off of as much as $40 million on the venture.
If A&L's provisions were a similar proportion of its loans, that would require a write-off of around £100m.
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