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Five other lawyers have overseen two or more liquidations for the corporation the last decade.
He blamed hedge fund liquidations for the late-day slides as portfolio managers step on the gas to ensure they have enough cash.
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Pushing them too far, though, could lead to a painful liquidation for all.
As a result, she said, "it's no longer reorganization or even liquidation for these companies.
That money was used in the liquidation for payroll while the museum was obtaining valuations from auction houses.
The sale of the chain as a large block of 185 stores promised to produce a one-stop liquidation for the creditors.
Peter Gothard, a director at Ferrier Hodgson, describes the problem succinctly: "There's no credible threat of liquidation for a company that doesn't pay its debts".TPI may be an unusually drawn-out case, but it reflects the attitude of many Thai debtors.
The threat of liquidation for any big company will be credible only if the damage can be limited to people with direct exposure — otherwise someone at the highest level of government, presumably with the approval of the president, will override all plans and provide a backdoor bailout.
In 1999 he bought the business, then in liquidation, for a pittance.
Clark said that the prospect of liquidation for the current Scottish champions was "not at all likely".
BBC Sport examines what comes after liquidation for Rangers after HMRC decided not to approve Charles Green's Company Voluntary Arrangement offer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com