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).
Res Cap Liquidating Trust’s mission is to maximize returns to Unitholders by vigorously pursuing and resolving the mortgage correspondent litigation, monetizing the Trust’s remaining assets in a timely and efficient manner and finalizing resolution of remaining claims.
In finance and economics, liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. Bankruptcy Code governs liquidation proceedings; solvent companies can also file for Chapter 7, but this is uncommon.Click here for details Purchasing Managers Index Report for July 2017 -Monday, July 31, 2017 Purchasing Managers Index report showcases data from purchasing and supply executives of manufacturing and non-manufacturing organizations in selected states of Nigeria.The data could be compared with other economic data sources when taking policy decisions.The Report analyses developments in the financial, fiscal, real and external sectors of the economy, as well as international economic issues of interest.The Report is directed at a wide spectrum of readers including economists and financial analysts in government and the private sector, as well as general readers.
The company’s operations are brought to an end, and its assets are divvied up among creditors and shareholders, according to the priority of their claims. Not all bankruptcies involve liquidation; Chapter 11, for example, involves rehabilitating the bankrupt entity and restructuring its debts.