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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]
Under the corporate insolvency laws of a number of common law jurisdictions, where a company has been engaged in misconduct or where the assets of the company are thought to be in jeopardy, it is sometimes possible to put a company into provisional liquidation, whereby a liquidator is appointed on an interim basis to safeguard the position of ...
A wide range of circumstances can lead to an individual’s or company’s insolvency. Some of the most common include: Economic downturns : Recessions or market declines that reduce business and ...
For companies, formal bankruptcy is a normal effect of insolvency, even if there is a reconstruction mechanism where the company can be given time to solve its situation, e.g. by finding an investor. The government can pay salaries to employees in insolvent companies which do not pay them, but only if the company is declared bankrupt.
Defunct technology companies based in California (1 C, 24 P) Pages in category "Defunct companies based in California" The following 200 pages are in this category, out of approximately 233 total.
At last 31 stores in California — and many more nationwide — will shut down during this round of closures. It has not set a closing date, but bankruptcy filings say stores should take about ...
Lump sum vs. annuity: 6 factors to consider when making your decision. Everyone’s financial situation is different, so it’s important to consider a few key factors — such as tax implications ...
California July 17, 2009: First-Citizens Bank and Trust Company 1,500 55 Vineyard Bank Rancho Cucamonga: California July 17, 2009: California Bank and Trust 1,900 56 BankFirst Sioux Falls: South Dakota: July 17, 2009: Alerus Financial, N.A. 275 57 First Piedmont Bank Winder: Georgia July 17, 2009: First American Bank and Trust Company 115 58