Sentence examples for liquidated to pay from inspiring English sources

Most of these companies were liquidated to pay creditors.

When a firm is struggling, the risk of its assets eventually having to be liquidated to pay creditors increases.

"If the L.L.C. owns the machinery and somebody sues me, that's an asset of the company that can be liquidated to pay off this person," he said, referring to his limited liability company.

When Guccione's empire crumbled – General Media went bankrupt in 2003 – his personal assets were liquidated to pay off debts.

The ITS representative I spoke with wasn't willing to give a definitive answer on whether a house would always be liquidated to pay creditors, saying these details were decided on a case-by-case basis, weighing up the value versus the debts with other factors such as the individual's living and family situation.

The Depression was deepening, the antiques business was in turmoil, and his father, Israel, who had galleries in Boston and New York, was forced to liquidate to pay his debts.

In terms of assets, RESPs, vehicles, bursaries, and personal savings are generally expected to be liquidated to help pay for a student's education.

By 1998, our revenue had reached $470 million, but I ended up liquidating assets to pay debts and sold the company to our manufacturer.

Estates that are going concerns, like family farms or family grocery stores, do require extra protection because it may often not be possible to pass them along without family members needing to liquidate them to pay their taxes.

Unfortunately, the reality for family-owned small businesses is that one-third will be forced to sell or partially liquidate themselves to pay estate taxes on the owner's death.

Nydia Velazquez, a Democratic congresswoman from Brooklyn who voted to repeal the tax, wrote in an Op-Ed piece in The Times that "the reality for family-owned small businesses is that one-third will be forced to sell or partially liquidate themselves to pay estate taxes on the owner's death".