All five of their stations were slated for a revocation hearing, but in 2003, the commission relented to allow them to pursue a minority distress sale
to Lazer Broadcasting Corporation in 2004.
CAG initiates audit query into the distress sale
of 5Boeings by AI at throwaway price
Global Banking News-17 March 2009-Indian companies may resort to distress sale
on pressure from banks(C)2009 ENPublishing - http://www.enpublishing.co.uk
Far from a distress sale
, the orderly liquidation process, in fact, serried as another model of black wealth building and estate management.
In addition, according to the company a total of 230 of the 1,289 Internet related mergers and acquisitions were the result of bankruptcy or some other 'distress sale
Some say the bank transaction was a distress sale
This delay often gives the business time to buy out the decedent's interest and avoid a distress sale
to outside parties.
Putting the 'sizzle' back in the project by vigorously marketing the auction approach through an effective advertising and public relations effort and a strong direct mail campaign is important so that the property is not considered a "distress sale
." In fact, convincing developers and sponsors that the auction process is not a liquidation, but rather an acceleration approach which can achieve fair market value, is still one of the toughest obstacles for auction marketers to overcome.
The move was proposed by the petroleum ministry as it wanted to avoid a distress sale
in the stock market.