They were liquidated, along with the kulaks.
The subsidiary's assets would be liquidated, and distributed among creditors, but the parent would likely submit a plan of reorganization that would permit it to cram down the guaranty obligation, paying only a portion of the remaining debt to the creditors.
The Vesta Insurance Group, which offers coverage in New York and New Jersey, among other states, is being liquidated and has canceled all its policies, sending thousands of customers into the market, many in Nassau and Suffolk Counties.
DeLeon Internet 100, Zero Gravity Internet, StockJungle.com Pure Play Internet and Internet Index Fund are among those that have been liquidated, according to Morningstar.
P.J. Tierney, New Rochelle, used to be among the biggest diner manufacturers, firm liquidated in 1929.
"Had some of the banks been liquidated then," he argued, "there would not still be so much mistrust among investors about the balance sheets of all our institutions, and the ultimate cost to taxpayers would have been far less".
The remains of Lernout & Hauspie, the once highflying Belgian software maker declared insolvent and ordered liquidated by a court on Wednesday, are already the subject of spirited maneuvering among potential buyers, who are deluging the liquidators with inquiries.
Lahde's retirement came amid an implosion among the hedge fund industry - some 350 of the funds have liquidated this year, according to Hedge Fund Research.
It would come as no surprise were there to be a fresh wave of failures among hedge funds, and there was already evidence last week of assets being liquidated to cover losses.
The airline was liquidated.
