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Peloton Partners, a London-based hedge fund set up by some former Goldman Sachs partners, was forced last week to liquidate a $1.8 billion fund that invested in top-rated debt.
You can't liquidate a city".
It was a complicated process, given that the laws about liquidating a business and settling debt were unclear at the time.
If a buyer could be persuaded to pay eight times that, the enterprise would be worth $320 million–enough to liquidate the debt and leave more than a buck a share for the common holders.
It therefore became necessary in 1850 to liquidate the debt of the city as a whole, and of these municipalities as such.
The installment payments will be sufficient in size and frequency to liquidate the debt in three years or less, unless circumstances warrant a longer period.
He augmented these funds by operating the College on an austerity budget during the war years, and helped liquidate the debt that remained by giving up part of his own salary.
It is reputed to owe Russia more than $100 million for arms; to help liquidate the debt it has given Russia the concessions to its gold mines.
Over time, interest rates below the inflation rate allow governments to refinance, erode or liquidate their debt, making it easier to live within their budgets without having to resort to more unpalatable spending cuts or tax increases.
To liquidate the debt, Urso last year sold his most valuable asset the right to use the name Electrolux.
What I see as necessary is the liquidation of the debt, not just moving the debt from the bank over to the taxpayers, you have to liquidate the debt and get the debt way down.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com