It was expected the asset liquidation would result in creditors being paid only a portion of their claims while stockholders of the company would receive nothing.The firm's stock was trading over the counter for 2¢ per share at the time of the announcement.Gander Mountain has hired financial services and liquidation firms Tiger Capital Group and Great American Group to assist in the closures and upcoming liquidation sales, Retail Dive reported.Among the items included in the liquidation sales will be hunting, fishing, camping, marine, apparel and footwear merchandise with brand names Under Armour, Yeti, The North Face, Coleman, Go Pro, Shimano, Columbia, Guide Series, GSX, Carhartt, Merrell, Keen, New Balance and Reebok.Early 2001 witnessed the end of the line for Tennessee-based retailer Service Merchandise, a 42-year-old chain of catalog showrooms that proved unable to compete with large discounters such as Wal-Mart.Following a three-year attempt at reorganization under Chapter 11 bankruptcy, the firm announced it would close all 216 stores and liquidate its inventories and real estate.KCC's Corporate Restructuring Court Documents Search provides access to thousands of historical court documents located on KCC public access websites.Please use the form below to refine and maximize search results.
However, it was seen as a way to die in combat rather than in German camps.
This is a question that has been keeping income investors, both private and professional, awake at night for some time.
Now a new and authoritative voice has joined the debate.
Any transaction that offsets or closes out a long or short position. Liquidation also refers to a situation in which a company ceases operations and sells as many assets as it can; the company uses the cash to repay debt and, if possible, shareholders.
Liquidation often has a negative connotation for this reason. Case Study If eliminating dividends, laying off employees, selling subsidiaries, restructuring debt, and, finally, reorganization under Chapter 11 bankruptcy fail to resuscitate a business, the likely outcome is liquidation.