Some of AT&T's noncore assets may be relatively easy to liquidate, like the 30 million shares of Microsoft, now worth $2.1 billion, that it inherited with the purchase of MediaOne.
I assume the bad part would be slowly liquidated, using something like the liquidation trusts used in many large chapter 11 cases to sell off the junk over time.
"You should see whether the policy will make it very difficult for you and cost you money, like liquidated damages if you don't finish in time," or if the policy allows work only during the summer, Mr. Wagner said.
Friction between Global Crossing's bank lenders and bondholders have prompted some investors to speculate that the company would be liquidated, with assets like its fiber optic networks and its shipping unit sold at auction.
The fact that the federal government of the United States is saying 'this is a legal asset, and we're going to liquidate it like other financial assets' is a big deal".
His chief investment vehicle, Al Taqwa Bank of the Bahamas, which he says he voluntarily liquidated in February, worked like a mutual fund, or mudarabah in Arabic.
As bookstore chains like Borders have liquidated many stores, pressure grows on publishers to depend less on brick-and-mortar retail outlets to promote their books.
A representative of the Hong Kong businessman spoke at the meeting and said Chainrai would not let a club with a "proud history like Portsmouth" be liquidated.
Contrast this with the airline industry, where the assets and employees of numerous bankrupt and liquidated rivals have flowed to innovative upstarts like Southwest Airlines –new companies that have fundamentally rethought the air transportation business model.
Bargain hunters can also visit one of several Web sites that sell liquidated goods and excess inventory at deep discounts, like Overstock.com and SmartBargains.com.
