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If they became liable, a lifetime of asset accumulation would be at stake.
Following the collapse in 2009 of Waterford Wedgwood, the museum's managing trust became liable for a £134m pension-scheme shortfall.
The heres became liable for the debts, which meant that he had to dig into his own pocket if the assets of the estate did not suffice.
Previously the Isa tax "wrapper" passed away with its owner, and the money that had been sheltered became liable for income and capital gains tax.
Liberia (America's proxy) and Panama won seats at the top table, but also became liable for a greater share of the IMO's budget.
When the sniper was killed by a troubled veteran at a shooting range in February 2013, his estate became liable for the damages.
Similar(43)
The department thus becomes liable for the booster's actions.
It becomes liable for car repair and a host of sundries like towing and hire cars.
German signatories to the Young Plan, moreover, were to become liable to the charge of treason.
At what point does the board become liable for having such an overzealous policy?
How about giving employers a six-month window before the company becomes liable for someone's unemployment compensation?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com