A pension company assumes the liability of future obligations and thus has the incentive to ensure that plans are fully funded at all times.
And, with LJM2 assuming the liability of the interest payment as part of its purchase, doesn't that mean that the value of the asset was growing even faster than 15percentt?
His startup assumes the liability of storing sensitive data for other companies, substituting dummy credit card or Social Security numbers for the real ones.
Because bankruptcy case law is murky on the matter, G.M. and the auto task force chose to assume the liability instead of risking a delay of the company's emergence from bankruptcy.
Arguing that it never assumed the liabilities of Miller & Schroeder and that whatever wrongdoing happened was before its acquisition, the Marshall Miller firm has already convinced a judge to remove it from at least one of the arbitration cases (out of ten in which it's named).
A prime example of this is keeping the marital home and assuming the liability for the mortgage.
As a result, LJM2 assumed the liability.
"In these kinds of deals, whoever owns the company has to write a check for this every week, every month, so they're assuming the liabilities and any kind of capital injection the business needs in order to operate," he said.
In corporate America, it is common for companies to assume the legal liabilities of any entities they acquire.
Even here, the aid is less generous than in the United States, partly because in Canada there is no government obligation to assume the pension liabilities of bankrupt companies.
