involuntary liquidation

See: bankruptcy
References in periodicals archive ?
trustee, a lawyer appointed by the government to serve as a watchdog in bankruptcy cases, is seeking to have Direct Air's voluntary filing for a bankruptcy reorganization converted to an involuntary liquidation of the company.
While Uzbekistan gave lip service to meaningful discussions, its real effort went into launching a campaign of disinformation to try to force AGF into involuntary liquidation, which Oxus' lawyers assert smacks of resource nationalism.
Sweden-based investment bank, HQ Bank AB has announced that it is going into involuntary liquidation.
Such state actions include involuntary liquidation because of insolvency, as well as other regulatory processes and procedures such as supervision, rehabilitation, receivership, conservatorship, a cease-and-desist order, suspension, license revocation, administrative order and any other action that restricts a company's freedom to conduct its insurance business as normal.
The firm has been placed in involuntary liquidation and investors have been warned they will be unlikely to recover much of their money.
Midway Airlines may be forced into involuntary liquidation because of its lack of financial information filed with the bankruptcy court.
The court, in so ruling, also recognized that as a practical matter, unit owners who are damaged by bad faith depredations of unscrupulous boards may find themselves without realistic recourse in the event the sponsor's assets become unavailable due to corporate dissolution or involuntary liquidation.
One of those purposes was a headstrong investment in real estate which, in turn, led to a strained financial condition that finally resulted in cancellation of the bank's line of credit and involuntary liquidation of the business.
Steel, with a triple-B credit rating, brought out its MMPs in 1985, it provided special incentives for investors to buy the issues by insuring investors against the voluntary or involuntary liquidation of the Company with a provision called a "Standby Event" (i.
The Cypress Shareholders have also informed the Company that, in the event that the MVL is rejected once again, they will seek the support of the Company's management and Board of Directors for the involuntary liquidation application.
Before we get to the jump in the number of loans becoming current, let's take a look at where borrowers lost their homes by going to real estate--owned (REO) or other form of involuntary liquidation.
Such actions include involuntary liquidation, supervision, rehabilitation, receivership, conservatorship, a cease-and-desist order, suspension, license revocation, administrative order and any other action that restricts a company's freedom to conduct its insurance business as normal.