The liquidator was entitled to claim the funds in the joint account on behalf of MG's creditors. |
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Twenty workers still remained at the plant in the employ of the liquidator and it was unlikely they would be let go until after Christmas. |
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Accountancy sources said the office originally rejected the advice of the liquidator on a large number of cases. |
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He said the company would work with the liquidator on ways to discharge its debts to creditors. |
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No-one was in any doubt that the best option for creditors was the appointment of an examiner, rather than a liquidator. |
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As noted above, an unregistered company charge is void as against both subsequent creditors and the liquidator and administrator. |
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It also said that office of the official liquidator should be closed and the trustee should exercise all powers and functions. |
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He alleges there is no reason for a liquidator to take control over his outstanding debts because he is capable of paying it. |
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If the company is bound by what was done when it was a going concern, then the liquidator is in no better position. |
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The provisional liquidator announced that flying squads would maintain a check of all unfinished buildings to prevent illegal possession. |
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A liquidator would also be obliged to notify creditors before selling assets to a former director. |
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They appointed a liquidator to an undoubtedly insolvent company that has no assets. |
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Once the property has been distributed, the liquidator must close the estate account. |
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If the liquidator receives this amount at sale, then, based on the company's statement of affairs when it was wound up, the company could be left in a break-even situation. |
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Upon his or her appointment, the liquidator is required to give notice of the appointment to any claimant and creditor known to the liquidator. |
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When the liquidator has paid all claims, he or she is required to transfer any remaining property of the corporation. |
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It is the liquidator who is in charge of the complete execution of the deceased's wishes. |
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Such a request is usually made by the liquidator or executor of the estate. |
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In 2005 Werner Bau declared bankruptcy and its liquidator filed an arbitration complaint against Thailand. |
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The liquidator looked for clarification but got none, his counsel added. |
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All company assets will be liquidated and liabilities paid off by the liquidator, even amiably. |
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People who believe they have shares tied up in the company will have to wait until High Court-appointed liquidator Tom Grace adjudicates on their claims. |
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Consequently, the liquidator obtained the market price for the company's assets and did not therefore forego state resources. |
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Any liquidator would be well-advised to seek the assistance of a notary from the outset. |
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In the rush to take over management of the CCB, the liquidator took several days before communicating that the settlement account of that bank at the Bank of Canada was frozen. |
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A trustee includes a liquidator, receiver, receiver-manager, trustee in bankruptcy, assignee, executor, administrator, sequestrator, or any other person who performs a function similar to that of a trustee. |
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Lamb liquidator, lacking loquaciousness, lay lovely, long, lazy, lofty loops. |
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Eventually, the authorities decide to liquidate the Inauguration Service, and the question arises: Who should inaugurate the process of liquidation — an inaugurator or a liquidator? |
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Alternatively, the company can be bankrupted by a lawsuit from a phoney creditor, who can then appoint a liquidator of his choice. Lawsuits sometimes offer protection to investors. |
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While insolvency may occur on an international basis, the appointment of a liquidator occurs on a national basis according to the rules of each national jurisdiction. |
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All possible steps must be taken and nothing must be overlooked to ascertain that the liquidator is in possession of the testator's last instructions. |
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The liquidator must make the inventory unless the heirs agree otherwise. |
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To refute this presumption, the estate liquidator must then prove that the share of the property owned by the surviving spouse was entirely financed by his or her own money and not from a donation from the deceased spouse. |
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Where a company goes into liquidation, normally a liquidator is appointed to gather in all the company's assets and settle all claims against the company. |
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The Liquidator claims that the bank wrongfully and without authority debited the company's account with that sum. |
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In the light of the ability to pay the Liquidator the correct account, the claimant's statements have not been gainsaid. |
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Liquidator reports on 49 insolvent technology companies were sent to the Office of the Director of Corporate Enforcement last year. |
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Madness were not only running their own label at the time, but also had their own recording studio, Liquidator Studios. |
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