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The shipyard then entered a liquidation phase.
The two funds have been around since the 1990s and are in their liquidation phase; the rue21 investment is their last holding.
"I think the worst will be over soon," Hogan said, as the indiscriminate liquidation phase gives way to stability while stocks get close to being drawn down.
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He acknowledges that the "miracle" of postwar German reconstruction was "in some respects" admirable, but suggests it was also "tantamount to a second liquidation in successive phases of the nation's own past history".
"This phase has been driven by liquidation, and it raises the question, are others vulnerable, too?" Vivek Tawadey, a credit analyst at BNP Paribas in London, told The New York Times.
Scholars who developed Juglar's approach further distinguished three phases, or periods, of a typical cycle: prosperity, crisis, and liquidation.
Liquidation etiquette.
"Fire-sale liquidation".
§ 36.4513 Foreclosure and liquidation.
Prepayment, acceleration, and liquidation.
Chapter 7 is liquidation.
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