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Liquidation sales began on May 22, and the stores closed by July 31. [168] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020. [169] [170] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. [171]
Nevertheless, liquidators (like administrators and some receivers) can generally be said to have a broad degree of discretion about the conduct of liquidation. They must realise assets to distribute to creditors, and they may attempt to maximise these by bringing new litigation, either to avoid transactions entered into by the insolvent company ...
B. Barkers of Kensington; Barratts Shoes; Bata shoe factory; Edward Bates (department store) Bay Trading Company; Bearmans; Beatties of London; Benzie & Miller
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
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related to: amazon pallet liquidation ukliquidation.com has been visited by 10K+ users in the past month