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"This will ensure that there is no compelled liquidation of the assets in the SIVs," said Armin Kloss, a WestLB spokesman, referring to structured investment vehicles.
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Had GM and Chrysler headed to bankruptcy court without restructuring capital, the judge would have been compelled to start ordering the liquidation of the assets to pay the debt-holders.
As has been pointed out, they are not so compelled but are given the option of a liquidation which on this record appears as favorable to them as that which would result from the sale of the assets and pro rata distribution in solution of all resulting claims for breach of outstanding policies.
I just felt compelled".
I was compelled.
"I was compelled to.
In a filing in Federal District Court in Washington, the S.E.C. asked for a court order compelling the investor protection corporation to begin a liquidation of the Stanford Group, the brokerage firm.
The act of Congress, nullifying all state laws by which it should be attempted to enforce the 'service or labor of any persons as peons, in liquidation of any debt or obligation, or otherwise,' necessarily embraces all legislation which seeks to compel the service or labor by making it a crime to refuse or fail to perform it.
Compelling stuff indeed.
The reasons are compelling.
It's definitely compelling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com