Ssangyong threatened to seek liquidation if the workers prolong the occupation.
Linfoot went into administration 19 months later, in February 2009, and the Lumiere handling company sought liquidation the following years.
David G. Bronner, the chief executive of the Retirement Systems of Alabama, which is serving as the primary lender to the airline, this month threatened to withdraw the debtor-in-possession financing he had extended to US Airways and seek liquidation if the unions did not agree to further concessions.
"If things go badly, J.P. Morgan and Citigroup have a big incentive to seek liquidation and get their money back by calling in their collateral," says a lawyer following the bankruptcy.
Hostess set a deadline of 5 p.m. Thursday for the bakers' strike to end, otherwise it would seek liquidation.
The firm refused to deny reports that it is seeking voluntary liquidation, which would allow parts of the business to continue trading, in order to avoid enforced liquidation and a full shutdown.
Earlier this month, UK Coal was forced to deny claims that it was seeking voluntary liquidation after HM Revenue & Customs turned down a request for a delayed tax payment.
Accounting errors at its American Jim Henson unit and over its 50% stake in Formula One motor racing led to a restatement of revenues; its shares plunged by 28%.In this section Business this week The world this week Reprints Related items Is the end in sight?Oct 12th 2000 Enel’s not-so-new lookOct 12th 2000Boxman, an online pan-European CD seller, is seeking voluntary liquidation.
The Financial Times said the firm was seeking involuntary liquidation.
This year, lawyers acting for Boies, Schiller & Flexner, a law firm representing investors, sought the liquidation of the funds, arguing that management had been "effectively paralyzed and its business destroyed".
