How to liquidate the assets of a troubled company.(tips for lenders and investors on planning for Chapter 7, Chapter 11, Assignments for Benefits of Creditors )

From: San Fernando Valley Business Journal | Date: April 28, 2003| Author: | Copyright information

In today's environment, lenders and venture investors (many of whom often sit on the company's board of directors)often find themselves in a position where their company is losing money and efforts to sell the business at a multiple of earnings have failed. The lender/investor is then faced with the prospect of having to oversee the wind down of the operations of the entity, liquidation of its assets and distribution of the proceeds to the creditors, and if the company is lucky enough to have excess assets, the balance to the shareholders. This article will briefly explore the ...

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