The customer may place these credit terms POs even where the principals may have an agreement with the lender for a forced liquidation
, which means those invoices go unpaid.
Sector peer Carillion went into forced liquidation
on Monday after the heavily indebted company failed to secure a financial rescue deal from banks.
Paul, in Eastlake, Ohio, went into conservatorship and then forced liquidation
in April 2010.
If you have no raw material, you can't do anything with it - so it forced us to go into voluntary liquidation, which is very different from bankruptcy or forced liquidation
The supplier is not restructured, filed for bankruptcy, the creditors are not in a peace treaty is not suspended or restricted its operations, or its position of the country where it is registered, the law is not the same or similar; is not the subject of restructuring, bankruptcy proceedings or bankruptcy proceedings are not pending at the court, not initiated a forced liquidation
or arrangement with creditors or is not analogous procedures of the country where it is registered, the law.
the loss in asset value from forced liquidation
is 6 percent, so q = 0.
There's fear that stock price falls would trigger margin calls, which then adds further pressure on prices, although the actual amount of forced liquidation
is not as big as people would imagine," Gu said.
STX Offshore and Shipbuilding, which has been hovering between life and death for months, will likely be given another chance to recover rather than face forced liquidation
, industry sources said.
A REPORT in the Daily Record on September 25 said Rangers "went into administration and subsequently forced liquidation
by HMRC over a 'phantom' PS80million tax bill.
If passed, Kuwait may become the first GCC country to have a bankruptcy and insolvency regime that facilitates the rehabilitation of debt stricken businesses rather than their forced liquidation
Panic selling in the oil market led to a New Year's bloodbath in global equities, as fears of contagion and forced liquidation
of leveraged positions gripped the financial markets.