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Exact(29)
Still, Moody's thinks the efforts have credibility, in part because regulators have started to describe the exact steps they might take in a liquidation.
In the wake of the Enron collapse, Texans are once again in a liquidation frame of mind.
Those are being sold now in a liquidation sale that has left Mr. Camarata saying he is too busy to reminisce with a reporter about the store's history.
In other words, in a liquidation, Mr. Cohen may learn how loyal, or not, the firms on which he lavished such hefty commissions over the years will be.
Mr. Lauria, the lawyer for the Chrysler debtholder group, disagreed with the analysis, saying that his clients would probably recover more money in a liquidation.
"We believe that in a liquidation the creditors will come out with less than what we are offering," said Robert Miller, a lawyer representing the preferred shareholders.
Similar(31)
No person may be appointed to serve as trustee or attorney for the trustee if such person is not disinterested within the meaning of paragraph (6), except that for any specified purpose other than to represent a trustee in conducting a liquidation proceeding, the trustee may, with the approval of SIPC and the court, employ an attorney who is not disinterested.
One is on the question of how the government gave away its place as first creditor in line in case of a liquidation.
But his accountants said that in a worst-case scenario, a liquidation in April would have brought as little as $2.91 billion, about $295 million less than he owed.
A Chapter 11 bankruptcy filed by Cadence in August became a liquidation proceeding this month.
So the creditors, more than 20 in all, hired a liquidation company to sell the remaining clothing, much of which already had the Gorsart tags sewn into them.
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CEO of Professional Science Editing for Scientists @ prosciediting.com