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In September, Bayley warned the company faced liquidation after unsuccessfully trying to renegotiate funding from the Green Investment Bank.
"Industry experts have been clear: Our auto companies would have faced liquidation if Mitt Romney had his way and more than 1 million Americans would have lost their jobs.
"He actually said that despite all the financial difficulties at Portsmouth, where players were not being paid and the club faced liquidation, that job was far easier than the West Ham one because he could concentrate on the on-field job".
In the past couple of years, the Royal Bank of Scotland, the fifth largest banking group in the world pre-crash, hit the buffers; Glasgow Rangers FC, Scotland's dominant and most successful club blew up, faced liquidation and is now working its way up through the lower leagues; while the Catholic church in Scotland has been mired in sexual scandals at its most senior levels.
Appleton admits after a troubled summer in which the club faced liquidation, he was pleased to get back to work.
Scottish Premier League clubs this week voted against admitting a new Rangers, created after the old club faced liquidation, into the top flight.
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REUTERS Intrade, an Online Betting Site, Faces Liquidation | Intrade "is facing liquidation because of a $700,000 cash shortfall, a development that comes a month after it halted trading and froze its customer accounts," The New York Times reports.
Sitting among boxes of new stock, Johnson said: "We really wanted to expand the store but we were basically facing liquidation.
The division, which once employed more than 1,000 people, has laid off most of them and is now facing liquidation as part of Enron's bankruptcy filing.
However, the SPL has revealed that clubs will vote on a number of resolutions relating to financial fair play at a general meeting on 30 April, which could result in tougher sanctions for clubs in administration and those facing liquidation.
Chrysler could face liquidation if its deal with Fiat isn't realised, while GM's bankrtupcy would be "quick and surgical" and designed to return the company to profitable operation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com