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During his confirmation hearings, Mr. Geithner said the administration is preparing rules that would require executives at companies receiving taxpayer money to agree that any compensation above a certain amount — he did not specify how much — be "paid in restricted stock or similar form" that could not be liquidated or sold until the government had been repaid.
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Most mutual funds will not be liquidating their portfolios, but the losses can be used by their portfolio managers to offset future gains.
"All told, it appears that the sale of Hostess may reap over a billion dollars, almost twice what the creditors initially expected if it had not been liquidated.
This is usually described as "stepping into the shoes" of the bankrupt organization, meaning that the trustee can only pursue those claims that Mr. Madoff's investment advisory firm could have brought had it not been liquidated.
This was as a result of funds given in 1997 that had not been liquidated by the government (approximately 10 million shillings as of December 1998).
There are still hundreds of technically bankrupt companies that can't be liquidated.
The JP Morgan Charitable Giving Fund takes restricted stock, but if the stock can't be liquidated within three months, a 1%-per-month fee kicks in.
My shoe closet couldn't be liquidated into an apartment down payment.
Make no mistake about it: Central banks have not been liquidating their gold.
Those that didn't were liquidated or merged.
According to this argument, it is necessary to repeal the tax to ensure that these small enterprises do not have to be liquidated to satisfy the demands of the tax.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com