Sentence examples for rather than liquidation from inspiring English sources

If the court decides on reorganization rather than liquidation, it appoints a trustee to control the firm and to prepare a formal plan of reorganization.

Mr. Clement, who like Mr. Schröder is a Social Democrat, said that only 600 jobs were immediately threatened, and that the government would seek an overhaul of the company and replacement of its management, rather than liquidation.

The Blue Knights, Kennedy and Singaporean bidder Bill Ng are all keen on achieving a company voluntary arrangement rather than liquidation, which is favoured by American bidder Bill Miller.

Officials here have only begun to grapple with the implications of life under Chapter 9 of the federal bankruptcy code, a municipal form of debt adjustment, rather than reorganization or liquidation.

But John P. Walker, who was the chief executive of Novacea until the merger, said most of the company's shareholders preferred to gamble on an eventual big return if Transcept succeeded, rather than accept the liquidation value of Novacea.

The Chapter 11 filings, seeking a reorganization of the company rather than its liquidation, were made yesterday afternoon in Federal Bankruptcy Court in Santa Ana, Calif., hours after the company asked the Nasdaq market to suspend trading in its stock pending an important announcement.

One reason, as an earlier section of this report has described, was the failure to deal decisively with the bad loans clogging its banks, which propped up inefficient "zombie" companies rather than forcing them into liquidation.

"The motivation appears to be liquidation, rather than preserving the embedded knowledge and experience that these artifacts bring," said Kenneth Finkel, lecturer in American studies at Temple University who briefly served as deputy director of the museum.

The American's preference is for Rangers to emerge as a "newco" through liquidation rather than attempt to exit administration by way of a company voluntary agreement (CVA).

Meanwhile, Sale Sharks owner Brian Kennedy has reiterated his claim that he may re-enter the bidding process should the club face liquidation, rather than an exit from administration through a CVA.

In general, you have much more chance of recovering debts if a rescue plan is put into place rather than the company going into liquidation".