53 Sentences With "going into liquidation"

After the festival economy boomed in the mid 2000s and subsequently burst in the early 2010s (with festivals from Truck to the Big Chill going into liquidation) it became necessary for the bigger events to appeal to a wider group of people in an effort to sell their tickets.

The company is now defunct after ceasing operations in late 2013 and going into liquidation in the following months. Shogakukan Asia formed as the company's successor in regards to its intellectual properties.

Isle of Man Times, Saturday. March 29, 1873; Page: 8 The mines however produced a poor yield which resulted in the Maughold Head Mining Company, the mine's operator going into liquidation in 1874.

21 May 1986 – Middlesbrough, recently relegated to the Third Division for the second time in their history, are faced with the threat of losing their Football League status and going out of business after going into liquidation.

In law, a voidable floating charge refers to a floating charge entered into shortly prior to the company going into liquidation which is void or unenforceable in whole or in part under applicable insolvency legislation.See for example section 245 of the Insolvency Act 1986 in the United Kingdom and section 267 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32) in Hong Kong. Generally speaking, a floating charge is only potentially vulnerable if it is entered into within the vulnerability period under applicable law. The vulnerability period is a period prescribed by statute immediately preceding the company going into liquidation.

Return on capital was so low that one-by-one the various subscribers relinquished their shares to Wendt, who by 1906 was the sole owner. Other accounts have the company going into liquidation and the assets being purchased by Wendt from the liquidator.

A budget overrun of €300,000 is believed to have been the cause of the company going into liquidation. The centre closed in January 2013. The Belltable theatre reopened in 2016 under management of the Lime Tree Theatre due to a grant from the Arts Council.

What If There Had Been No Port In The Vale?: Startling Port Vale Stories! (Witan Books, 2011, ) During times of deep financial crisis at the Vale, Stoke played fund-raising matches with the Vale in order to try and prevent their rivals from going into liquidation.

The company moved from its London base to Letchworth, Hertfordshire, in 1911, but failed to survive the 1920s going into liquidation in 1924 but assembling a few more cars in the following two years.Phoenix at motorbase.com The Letchworth factory went on to be used for car manufacture by Ascot and Arab.

Sports Authority closed due to Chapter 11 Bankruptcy in 2016. Michael's took this place in 2017. On April 18, 2018, the Bon-Ton Stores, Inc. company (owner of Carson's) announced that all of its stores will be going into liquidation and wrap up corporations on August 29, 2018 due to financial reasons.

The album was recorded at Warrenwood in Melbourne but never released due to the studio going into liquidation The remaining members who recorded this album Hugh McDonald, Verity Truman, Michael Spicer, James Spicer and Tim Hannaford performed until 1990, when the band's considerable debts were cleared. After this was achieved Redgum disbanded.

No bodies were ever found. The sole survivor (Cindy Mosey) was travelling with her family and the other family from Nelson to Wellington to attend a gymnastics competition. The Arapaoa Island crash caused public confidence in Air Albatross to falter, contributing to the company going into liquidation in December of that year.

Any game still tied after overtime was decided by a penalty shootout. The Sheffield Steelers won a Grand Slam of all available competitions. However, the win was marred by the club being found guilty by the league for breaking the £450,000 wage cap and going into liquidation at the end of the season.

Update December 2012 After the initial problems at Condado de Alhama and Polaris World finally going into liquidation, the resort has started to grow again. New investment and new construction started in the summer of 2019 with 3 blocks of front row golf apartments and plans for villas on the disused football pitches by the Al Kasar town centre.

In 2006, Mr. Samuel Tasse sold the château to a property developer specializing in historic buildings, which came forward with plans for dividing it into twelve apartments and creating another forty-eight in the various outbuildings. However, this was not brought to completion, due to the developer going into liquidation in 2014, and the château continues to decay.

It was replaced with the newer Trent brewery in Dale St which became available after going into liquidation in 1898. The Southgate brewery remained the distribution centre to the Leicestershire pubs with beer arriving by rail from Burton. The Trent brewery was purchased outright in 1901.(sources differ) It was renamed the Tiger Brewery around 1970.

A number of legal systems make provision for companies trading while insolvent to be unlawful in certain circumstances, and provide for directors to become personally liable for a company's debts if they have acted improperly. In most legal systems, the liability in respect of unlawful transactions only extends for a certain period of time prior to the company going into liquidation.

Lawnstone became involved with Zinc Corporation, which was taken over by Monticello in 1999, before going into liquidation in 2001. Rudd was a co-director of Monticello between 1999 and 2000, but the company was liquidated in 2003. Craig Murray has reported that Monticello “attracted many hundreds of investors... despite never appearing actually to do anything except pay its directors.

In one of the cojoined appeals it was argued that if an Event of Default suspended the right of the Defaulting Party to receive payment indefinitely, then that would be a breach of the anti-deprivation rule.At paragraph 82. Because in this case the Event of Default was one party going into liquidation, that meant that the operating effect of the provision was to deprive the company's creditors of assets as a consequence of it going into liquidation. The Court referred to the recent decision of the Supreme Court in Belmont Park Investments Pty Ltd v BNY Corporate Trustee Services Ltd [2011] UKSC 38 and held that relevant test was to consider each transaction on its merits to see whether the shift in interests complained of could be justified as a genuine and justifiable commercial response to the consequences of insolvency.

The town was once home to a fully professional Football League club, Merthyr Town F.C., which folded in the 1930s and Merthyr Tydfil AFC were founded in 1945. The year of 2008 marked the centenary of football having been played at Penydarren Park (1908 - 2008). After going into liquidation in 2010, the club switched grounds to. Treharris Athletic Western F.C. play at the Athletic Ground in Treharris.

In the first round, they won 2–1 against Italian football team Atalanta in the first leg at Penydarren Park. However, they lost the return leg, 3–2 on aggregate. 2008 marked the centennial of football at Penydarren Park. After going into liquidation in 2010, the club dropped down three divisions, reverted to the name of Merthyr Town and made Rhiw Dda’r their new home ground.

Breakspoll 2004 winners list Prior to the release of You Can Be Special Too, Marine Parade suffered financial difficulties as a result of one of its distributors going into liquidation. This resulted in only 1000 copies of the album making it into stores initially, causing it to be a highly sought after item on eBay. The record eventually had a full release in greater numbers after the financial problems had subsided.

The 2001 Scottish Challenge Cup Final was played on 14 October 2001, at Broadwood Stadium in Cumbernauld and was the 11th staging of the final in the history of the tournament. It was played between Airdrieonians and Alloa Athletic of the First and Second Divisions respectively. Airdrieonians emerged winners after defeating Alloa Athletic 2–1 to win the tournament for the second consecutive year, also being Airdrieonians last honour before going into liquidation in 2002.

Sound reinforcement included PA, mixing desks, and solid state power amps. Examples of models from this period include the Series Two and the Hustler range of guitar and bass amplifiers. In 1978 the Orange Shop closed when the buildings on New Compton Street were demolished. Production ceased at the Bexleyheath factory in 1979 when two major overseas distributors going into liquidation within a short period of time made the production line no longer viable.

Michael Schumacher won the race, with Juan Pablo Montoya in second, and Ralf Schumacher, Montoya's Williams team-mate, in third. Both Arrows cars retired from the race with mechanical problems, and it would prove to be the last race the team would compete in. Financial difficulties resulted in the team missing the remainder of the season, before going into liquidation at the end of the year. Enrique Bernoldi would not race in a Formula One Grand Prix again.

Turley became the member of parliament for Redcar at the May 2015 general election, winning the seat from the Liberal Democrats. She was appointed as a member of the Home Affairs Select Committee in July 2015. She supported Andy Burnham in the 2015 leadership election. Soon after becoming an MP, Turley had to respond to major local employer SSI UK, which operated Teesside Steelworks, going into liquidation, leading to about 3,000 local job losses. The steelworks had once employed about 40,000.

Alt-Fest was a crowd-sourced alternative music and lifestyle festival, intended to run from 2014 onwards at Boughton Estate, Kettering, England. The inaugural festival promised six stages and 180 bands, held over a three-day period. Headlining acts included Marilyn Manson, VNV Nation and The Cult; also due to appear were Fields of the Nephilim, Gary Numan, The Last Cry, Arch Enemy and Amen. Instead, the event was cancelled due to lack of funding, with the controlling company consequently going into liquidation.

The new range, called the Avalon Gold series, was launched in 2002. The first reviews of the range (Guitarist magazine (UK), April 2002; Guitar Buyer magazine (UK), June 2002; Total Guitar magazine (UK), June 2002) highly commended the range for its build quality and tonal excellence. In 2012, Avalon announced that it would be going into liquidation. The newly formed Avalon Guitar Company was the feature of a photography essay by David Cleland in 2013 with the images being used by a number of publications.

The Court Funds Office also deals with a large unclaimed balance fund (£35m). This is where money has been paid into a CFO account and lain dormant for a period of 10 years. Money can be left through a case collapsing, companies going into liquidation during trial; the result of house repossessions (the bank makes more than the debt from the sale but can't trace the original owner) and by the parties failing to progress or complete the action. The Court Funds Office is based in Glasgow.

The quarry closed in 1870, with the company going into liquidation two years later. After this failure the owning company was acquired by the owners of the neighbouring Oakeley quarry which was mining the north slopes of Allt-fawr. After the amalgamation, the Nyth-y-Gigfran and Oakeley workings were joined together underground and the Nyth-y-Gigfran chambers were worked through to Oakeley. Thus Nyth-y- Gigfran became part of the largest underground slate mine in the world, and was worked until Oakeley closed in 1969.

Two tracks closed; on 17 June it was announced that the Boulevard in Hull would close to greyhound racing once again after less than two years trading. After going to once a week racing, promoter Dave Marshall pulled the plug on funding for the stadium and the last meeting was on 27 June. Coventry closed after Boxing Day with the company going into liquidation. It closed on a sour note with the Racing Manager Russ Watkin fined £5,000 for allowing 67 races to go off before their official race time.

However, this ended in 1921 and facing increasing competition from the Tower Bus Co., the D&LER;'s financial position deteriorated. In 1925, after their failure to be amalgamated into the GSR under the Railways Act 1924, the line was closed, going into liquidation. Following discussions, and enabled by two acts of the Irish Free State, the D&LER; was bought up by the DUTC. The lines were regauged to Dublin's Gauge only as far as Lucan, a new line was fitted in Chapelizod, and it reopened as a DUTC route in 1928.

National banking laws also prohibited the use of real estate as loan collateral. Citing this in three separate bank shareholder meetings (all held the same day), the management of the three banks proposed relinquishing their charters as national banks and incorporating under the laws of the Territory of Hawaii. On April 30, 1917 the Bank of Maui, Limited, was chartered by the Territorial Treasurer with Clarence Cooke as president. The Office of the Comptroller of the Currency lists all three banks as going into liquidation on May 1, 1917.

Sandford and Banwell station was used initially by Somerset County Council highways department for storage and was later taken over by a local company, Sandford Stone, which kept it well-preserved until going into liquidation. The site has since been redeveloped as "Sandford Station Care Village" a sheltered housing complex. Two period open wagons and a BR coach stand on a short section of track. Part of the restoration work included the reinstatement of a number of original features of the station including a replica cast iron running in board that was cast at Barr and Grosvenor's foundry in Wolverhampton.

Mutts Silver won the premier event the 1976 English Greyhound Derby and Westmead Champ won the Gold Collar at Catford Stadium, the St Leger at Wembley Greyhounds and the Regency. A new system of selecting the greyhound of the year was inaugurated; it involved thirteen members of the greyhound press voting for one greyhound each. Mutts Silver and Westmead Champ ended with six votes each and were declared joint winners. The Greyhound Racing Association (GRA) Property Trust relied on a scheme of arrangement that was organised to stop the once great greyhound company from going into liquidation, they owed £15 million to creditors.

Morton, relegated the previous year, made an immediate return to Division One. They won the title by an eleven-point margin from Raith Rovers, who were also promoted. Clydebank, who had been established as a separate senior club in 1965 following their ill-fated merger with East Stirlingshire, were elected to the Scottish League in 1966, and finished third from bottom in their inaugural season. Financially troubled Third Lanark finished in mid-table, but they dropped out of the Scottish League and folded, going into liquidation in the summer: they were the first League team to fold since 1933.

But due to the positive online reaction to the title track, a live lineup was soon assembled. Coast performed their first live show at the Storm Club in Leicester Square, London, on 12 March 2008. In May 2009, Coast was asked to record the official single for "Saints Aid", a charity event organized by Southampton Football Club fans to raise funds to keep the club from going into liquidation. The single, "Colours", was released on 18 May 2009 and the band appeared at the Saints Aid music festival at St Mary's Stadium in Southampton on 23 May 2009.

Due to London Welsh going into liquidation in January 2017 and being expelled from the RFU Championship, only two teams were relegated from National League 1. On 1 April 2017 newly promoted Macclesfield were the first team to be relegated after they lost 18–21 at home to Plymouth Albion. The second relegation spot was keenly contested and went to the last game of the season with 14th placed Hull Ionians 3 points ahead of 15th placed Blaydon. In the end Blaydon lost their final game while Hull Ionians won theirs to finish 6 points clear.

Dougal has been a non-executive director of Taylor Wimpey, Taylor Woodrow and Creston plc (2006–2015), chairing the audit committee in all three. He has also been a non-executive director of Premier Farnell (resigning in 2015) and BPB plc. Dougal was appointed a non-executive director of Carillion plc in October 2011, chairing its audit committee, and was a member of the board in the run-up to Carillion going into liquidation on 15 January 2018. He was a non-executive director of Victrex plc (appointed March 2015), but resigned in February 2018 after being included on an Investment Association listing relating to corporate governance issues.

Bradford (Park Avenue) Association Football Club is a football club in Bradford, West Yorkshire, England. Its name, derived from its former home Park Avenue, was used to avoid confusion with Bradford City, but the club is traditionally known locally simply as Bradford. The present club is a reincarnation of the club which played in the Football League from 1908 to 1970 before dropping to the Northern Premier League and going into liquidation in 1974. The new entity, established in 1987, currently competes in the National League North, the sixth tier of English football, and plays home matches at the 3,500-capacity Horsfall Athletics Stadium.

For half-a-century, City remained in the bottom two divisions of the Football League under a succession of managers until the 1980s brought an upturn in the club's fortunes. Former England international Roy McFarland was appointed player-manager in 1981, bringing instant success with promotion from Division Four in 1981–82. But he left in controversial circumstances to Derby County, to be replaced by another England international Trevor Cherry as player-manager from rivals Leeds United. Cherry oversaw a turbulent period at the club, which included City going into liquidation in 1983, the Division Three title in 1984–85 and the tragic fire on 11 May 1985.

For unclear reasons, he never played any matches for Heerenveen thereafter, moving back to Belgium the next season at Mechelen. Although Claes gained 4 caps for the Belgium U21 during the 2002 UEFA European Under-21 Football Championship qualification, scoring one goal against Latvia, he only featured in three matches and during the 2002–03 season, Mechelen loaned him out to Belgian Third Division team OH Leuven. As a result of Mechelen being refused a Belgian professional football license after going into liquidation later that season, the contract of Claes was annulled, causing him to be a free player after his loan spell at OH Leuven. He played one more season at Tongeren, before quitting professional football.

The Ombudsman's services are free to complainants and respondents, and the Ombudsman's jurisdiction extends to many pension arrangements that are not subject to the levy. Since April 2005, the holder of the office of Pensions Ombudsman has also acted as the Ombudsman for the Pension Protection Fund, and in that capacity also deals with appeals against decisions made by the Financial Assistance Scheme, established by the Government to provide assistance to those whose pensions have been lost due to an employer going into liquidation. As with other ombudsmen services, the Pensions Ombudsman has been accused of both being biased towards complainants and being biased towards the companies that pay the levy. However, the levy is a statutory requirement which pension schemes have to pay anyway.

When the strike began, members of the Union of Post Office Workers (UPW) refused to cross the picket line to deliver mail, but allowed representatives of the firm to collect it from the local sorting office at Cricklewood. This arrangement ended on 1 November, when UPW agreed to stop handling all mail in or out of Grunwick and refused to allow Grunwick staff to collect it themselves. This had an enormous impact on the business, and on 3 November 1976 Ward claimed that the company faced going into liquidation at the end of the week if the mail continued to be withheld. Ward received backing from his local Conservative MP, John Gorst, who called for an emergency debate about the matter in the House of Commons.

Bad debt occasionally called Uncollectible accounts expense is a monetary amount owed to a creditor that is unlikely to be paid and, or which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. There are various technical definitions of what constitutes a bad debt, depending on accounting conventions, regulatory treatment and the institution provisioning. In the USA, bank loans with more than ninety days' arrears become "problem loans". Accounting sources advise that the full amount of a bad debt be written off to the profit and loss account or a provision for bad debts as soon as it is foreseen.

In addition, the affidavit must specify what use, if any, the examiner has made of the services of the staff and/or the facilities of the company. The High Court has recently asserted control over the remuneration afforded to an examiner both as regards the scope of the work undertaken and as regards the hourly rate of remuneration. All remuneration, costs and expenses of the examiner sanctioned by the court (with the exception of liabilities certified under section 10) rank in priority to claims secured by floating charges and to claims secured by fixed charges. In the event of the company going into liquidation following examinership, the examiner's sanctioned remuneration, costs and expenses (including certified expenses under section 10) will rank in priority to the remuneration, costs and expenses of the liquidator.

In the 2006–07 season of the conference south the club looked they finished in 20th position and looked seemingly relegated. However, Farnborough Town were relegated due to going into liquidation and Hayes and Yeading merged to form Hayes & Yeading United, leaving the Conference South one team short, earning a reprieve for Weston. The 2007–08 season ended in similar fashion for Weston. A 20th-place finish meant the club was eligible for relegation, only to be spared by the enforced demotion of Cambridge City, who failed a ground inspection. The 2009–10 campaign again saw the club finish in the relegation zone again when they finished 21st, however as before the club was saved by the FA, this time when Salisbury City were demoted twice to the Southern league.

Retail developments around Oldbury, beginning with the SavaCentre hypermarket in 1980, have also affected trade in West Bromwich. The recession beginning in 2008 has pushed the town centre further into decline, a notable casualty being the Woolworths store which closed on 30 December 2008 as a result of the retailer going into liquidation; the building was not re-occupied until Home Bargains took it over in 2012. Several more factories have closed in more recent years as manufacturers look to countries where the labour is cheaper, but West Bromwich remains a relatively busy industrial area despite the decline of the last 35 years. Forge Mill Lake, Sandwell Valley Country Park West Bromwich's road links were further enhanced in 1995 on the completion of the Black Country Spine Road which also by-passes Wednesbury and the east of Bilston.

This salvage operation was carried out in conjunction with similar work at the Mount Hector smelter, which suggests that the Glassford Creek and Mount Hector mines had a common leaseholder at this time. Originally the Blue Bag Mine operated as an open- cut, however when operations became dangerous as the removal of overburden increased the depth of the open-cut, shafts and tunnels were excavated from the base of the open-cut to afford access to the ore. The available demographic figures show that the movement of people in and out of the Glassford area was closely aligned to the success and otherwise of the mines. For example, at the beginning of 1907 Glassford had a population of 346 but by the end of that year numbers immediately prior to the Boompa Copper Company going into liquidation had declined to 40.

As the Financial Times noted during the fall of 2008, "the 2005 changes made clear that certain derivatives and financial transactions were exempt from provisions in the bankruptcy code that freeze a failed company's assets until a court decides how to apportion them among creditors." This radically altered the historic process of paying off creditors and did so just a few years prior to trillions of dollars in assets going into liquidation as a consequence of bankruptcies following from the global financial crisis of 2008. Some observers have argued that this contributed to the financial crisis of 2008 by removing the incentive that creditors would normally have to keep a borrower out of bankruptcy. Institutions who provided short-term funding to financial firms such as Bear Stearns and Lehman through repo lending could abruptly withdraw that funding even if it risked pushing the firms into bankruptcy, because they did not have to worry about tying up their claims in bankruptcy court, due to the new safe harbor provisions of BAPCPA.

Outside the UK, the completion and handover of six schools being constructed under PFI arrangements in Ireland was also suspended following Carillion's liquidation, with Irish suppliers fearing non- payment of Carillion debts (on 6 April 2018, 216-strong Co Kildare-based Sammon Contracting Group sought bankruptcy protection after becoming insolvent due to €8m debts on the schools projects, before going into liquidation in early June; numerous other Irish subcontractors were also owed sums - on one school, figures ranged from €16,000 to over €200,000). Work was not expected to resume until May 2018. In March 2018, it was announced that the schools building and facilities contracts had been re-tendered, with the schools expected to open in September 2018, but concerns about whether this completion date would be met continued in late April. In June 2018, the six former Carillion schools contracts were reported to have been taken over by Omagh, County Tyrone-based contractor Woodvale Construction, with three schools to open in September 2018 and three in December 2018.

For the 2009–10 season, Keiron returned to Cornwall to sign terms with Launceston in what was his third spell with the All-Blacks, having also played for them as a boy. Keiron had a good season, making 20 league appearances and scoring 11 tries, as his side finished 3rd in what was a very competitive National League 1. While his first season back with the club had been a positive season, the next season would be a nightmare for both Keiron and Launceston, as first his club were docked 20 points due to going into liquidation, and then Keiron broke his leg in a league game in September. Keiron returned from injury during the latter half of the season but could not help his club overturn the points deduction as they ended up being relegated from the division. Despite the disappointment of relegation to National League 2 South, the 2011–12 season would see Keiron have the best scoring season of his career, ending up as the 2nd highest scorer in the league with 310 points, in a Launceston side that finished 7th in the league.

York City squad before a match in 1922 York City Football Club is a professional association football club based in York, North Yorkshire, England. The history of York City F.C. from 1908 to 1980 covers the period from the club's original foundation, through their reformation and progress in the Football League, to the end of the 1979–80 season. Founded in 1908, York City played several seasons in the Northern League and Midland League before going into liquidation during the First World War. The club was reformed in 1922 and was elected to play in the Midland League for 1922–23. After seven seasons in the Midland League, they were elected to play in the Football League for 1929–30, and were placed in the Third Division North. During the Second World War, York played in regional competitions, before the Football League restored its usual competitions in 1946–47. After 14 seasons in the Football League, the club was required to apply for re-election for the first time because they finished 1949–50 at the bottom of the Third Division North. York had their best FA Cup season in 1954–55, when they reached the semi- final; they were defeated by First Division team Newcastle United in a replay.