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of the house of Nucingen, and died of grief, leaving nothing behind him but a dozen fine pictures which adorned his daughter's salon, and a few old-fashioned pieces of furniture, which she put in the garret.Corporate changes: the property/casualty industry continued to consolidate, as state regulators kept a close watch on companies' viability and mergers and acquisitions maintained a healthy pace in 2001.In United Kingdom, Republic of Ireland and United States law and business, liquidation is the process by which a company is brought to an end.The assets and property of the company are redistributed.
Liquidation can also refer to the act of exiting a securities position.
The court may dismiss the application if the petitioner unreasonably refrains from an alternative course of action.
The court may appoint an official receiver, and one or more liquidators, and has general powers to enable rights and liabilities of claimants and contributories to be settled.
If that does not cover the debt, they will recoup the balance from the company’s remaining liquid assets, if any. These include bondholders, the government (if it is owed taxes) and employees (if they are owed unpaid wages or other obligations).
Finally, shareholders receive any remaining assets, in the unlikely event that there are any.