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The floating charge is not guaranteed if the club is liquidated and could be subject to a legal challenge by the appointed liquidators.
"A people are being slaughtered, liquidated and trampled upon.
The loan has been liquidated and the Agriculture Department paid a loss claim of $958,000.
At the end of the school year, the investments were liquidated and the proceeds carved up.
That meant three locations closed, 16 mobile units liquidated and at least 14 jobs lost by my count.
Construction had come to a halt, thrifts were being liquidated, and stricter lending standards were being applied.
They appeared in 2008, when Bear Stearns liquidated and Lehman Brothers filed for bankruptcy, and in 2001, when Enron collapsed.
Traditionally, when a company goes bankrupt there, its assets are liquidated and all the top managers fired.
Our assets are going to be liquidated and turned into profit by the big shots who own our government.
In the restructuring plan announced on Tuesday, Mr. Conaway said that unprofitable product lines would be liquidated and canceled.
With his belongings liquidated and his safety in doubt, Hadwin was down to the contents of a single suitcase and a Visa card.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com