Sentence examples for formal liquidation from inspiring English sources
Hussarek's efforts to federalize the empire in the moment of imminent military defeat unintentionally turned out to provide the basis for the formal liquidation of the Habsburg monarchy.
The classification distinguishes between those amounts that cannot be distributed except as part of a formal liquidation of all or part of the company (capital and legal reserves) and those amounts that are not restricted in this way (free reserves and undistributed profits).
The club's parent company, The Rangers Football Club PLC, was eventually placed into formal liquidation, but the transfer embargo was carried over to the new company which purchased the club's assets.
Japanese banks allow companies to enter formal bankruptcy only when liquidation makes economic sense that is, when a company is worth more dead than alive.
They find that higher levels of collateral imply a significantly higher incidence of bankruptcies and a somewhat higher probability of liquidation, suggesting that banks use formal bankruptcy procedures to force a sale of collateral in those countries.
If the court decides on reorganization rather than liquidation, it appoints a trustee to control the firm and to prepare a formal plan of reorganization.
"Congress may wish to consider whether new tools are needed for ensuring an orderly liquidation of a systemically important securities firm that is on the verge of bankruptcy, together with a more formal process for deciding when to use those tools," Bernanke said during a mortgage lending forum.
§ 36.4513 Foreclosure and liquidation.
Prepayment, acceleration, and liquidation.
