Things got worse for Vicis Monday, when the company announced it was going into receivership as it searches for a buyer.
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"Going into receivership, they can be very tough in their renegotiation, and more realistic," said Steve Allen, managing director of Essence Media.
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Earlier this spring, a 107-year-old plant that made steel for the auto industry closed permanently after going into receivership and another steel maker said it was moving its Hamilton operation to Solon, Ohio.
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It starts with the Panic of 1893, which drove unemployment over 10 percent for a half-decade, and ushered in a period marked by failing banks, railroads going into receivership and often violent coal and rail strikes.
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Despite going into receivership four times, Lago kept the business running until 1958, when he sold it to Simca.
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1990 brought a number of major store changes to the centre. The McDonnell and East department store closed due to the retailer going into receivership. Its space was split into two with the toy store Toys 'R' Us occupying one half and the Brisbane City Council library relocating to the other from its original space. Around this time, discount department store Venture closed due to the retailer going into receivership.
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After going into receivership in February 1982, DMC produced another 2,000 cars until John DeLorean's arrest in late October, at which point liquidation proceedings were undertaken and the factory was seized by the British government for good.
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In anticipation of an ever-increasing flood of orders from outside producers, Piedmont had overstocked its inventory, which led to the company going into receivership in October 1922. There was over $225,000 worth of parts alone in stock.
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UK sales were hampered due to the initial UK distributor Draconis going into receivership in 1998 only 3 weeks after release, but both Rough Trade and Southern Distribution took over and kept the album in circulation. EFA Medien GmBH distributed this album in Germany but due to them going into receivership in 1999, distribution of the CD ceased in this territory. It was released digitally on all platforms in 2006 and plans are being made by Dark Fortune Records to re-release this classic album on vinyl some 22 years after release and to help celebrate NOSFERATUs 34th anniversary.
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The company's product range has won a variety of awards from the Society of Independent Brewers (SIBA) and the Campaign for Real Ale (CAMRA). The brewery was taken over in late 2008, following Hanby Ales going into receivership, to be renamed as Wem Brewing Company.
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Land Yick began failing. Rising China Holding Company (, Cantonese: Wa-Hing Shat-ip Kung-Sz), an all-Chinese, nonprofit agency, was formed. It purchased the Chinatown after receiving 4,000 shares of stock that had been purchased by ethnic Chinese. This act prevented remaining Chinese businesses from going into receivership.
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In August 2015 Steel & Tube purchased Aquaduct NZ after it fell into receivership for $8 million. During this acquisition phase they also purchased Bosch Irrigation from the same receivers for an undisclosed sum. The companies were owned by Gerard van den Bosch and other members of the van den Bosch family before going into receivership.
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In 1967 Belotti introduced the first container handling straddle carrier with side lifting capability. The first 100 tonne capacity aircraft transporter was supplied in 1967. Belotti has since then delivered machines to armed forces worldwide. After going into receivership, Belotti was bought by C.V.S. (another Italian company) in July 2002 and the company was renamed Ferrari Belotti S.p.A.
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Brashs collapsed (going into receivership in 1994 and in 1998), and Allans Music was subsequently bought by private investors, including The Roland Corporation. In 2005 The Brackenbury Group acquired Allans Music and as at 2009, operates seven physical stores (three in Victoria, two in New South Wales and one each in Queensland and South Australia) and an online presence.
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Sir John Hawley Glover served as colonial governor of Newfoundland. Whiteway's government supported the construction of a railway to promote economic growth in the colony. The Newfoundland Railway Company laid 92 kilometres (57 miles) of track before going into receivership in 1884. On Boxing Day 1883, members of the Orange Order marched through a Roman Catholic section of the town of Harbour Grace.
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The AC 3000ME is a mid-engined sports car originally sold by AC Cars. The two- door coupé debuted at the 1973 London Motor Show. Sales did not begin until 1979 and lasted until 1984. Rights to the 3000ME and tooling were transferred to a second company who managed to produce a small number of additional cars before going into receivership themselves in mid-1985.
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The new Irish flagship store will be based on Dublin's Henry Street. This store closed in February 2013 due to HMV Ireland Ltd. going into receivership. The Henry Street store will be the first to open and additional stores will reopen within the next six weeks these include HMV in Dublin's Liffey Valley Shopping Centre, Dundrum Town Centre and the Crescent Shopping Centre in Limerick.
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The Daily News (originally the Illustrated Daily News) was a newspaper published in Los Angeles from 1923 to 1954. It was operated through most of its existence by Manchester Boddy. The Daily News was founded in 1923 by the young Cornelius Vanderbilt IV as the first of several newspapers he wanted to manage. After quickly going into receivership, it was sold to Boddy, a businessman with no newspaper experience.
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The theaters in which RKO had an interest provided a potential market for the RCA Photophone sound systems. RCA ownership of RKO stock expanded from approximately 25% in 1930 to approximately 61% in 1932."RCA's interest in the motion-picture industry", Report on Chain Broadcasting: May, 1941, Federal Communications Commission, pages 13-14. However, the RKO studio encountered severe financial problems, going into receivership from early 1933 to 1940.
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The grandstand and clubhouse were completed at a cost of $841,000, while the track itself cost $750,000. The facilities also included 12 fireproof barns plus 96 tack rooms and a restaurant for the horsepeople. Despite a successful opening, the racetrack was then plagued by bad weather, which contributed to the track going into receivership at the end of its first season. Overcoming this rocky start, Rideau Carleton celebrate its fiftieth anniversary in 2012.
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Retail and office space is located in the centre of the town adjacent to Lake Pegasus The project was first proposed in 1997 by Southern Capital and was initially developed by Infinity Investment Group of Wanaka. The project ran into financial trouble in late 2012, with the developers going into receivership. Todd Property bought it for an undisclosed sum in December 2012 and undertook infrastructure development to complete the project, selling to the Templeton Group in 2019.
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Feltex Carpets is a leading manufacturer of residential and commercial carpets. The company began its manufacturing operations in New Zealand in the 1920s. The company was publicly listed and later acquired by Australian and New Zealand carpet manufacturer Godfrey Hirst Carpets after going into receivership in 2006. With production plants in Victoria, Australia and New Zealand as well as offices in the United States, the company exports its products throughout Southeast Asia, Japan, USA, the Middle East and other world markets.
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Live broadcasts of all Broncos matches are provided by both 612 ABC Brisbane (except games played on Monday Night) and 4MMM. Channel Nine Queensland also sponsors the Broncos, although former player Shane Webcke is signed to rival Seven Queensland. In 2012, local Brisbane based company Firstmac replaced WOW sight & Sound as sleeve sponsor for 3 years to launch into the retail financial services market. This sponsorship took only 9 days to negotiate following the announcement of WOW Sight & Sound going into receivership.
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The Swift & Co. meatpacking plant in Sioux City, in the state of Iowa in the Midwestern United States, was built in 1918–19 as a speculative venture under the name Midland Packing Plant. After going into receivership, it was acquired by Swift & Co. in 1924, and continued to operate until 1974. It was then purchased by a Sioux City businessman and converted to an enclosed mall, the KD Stockyards Station. The building was listed in the National Register of Historic Places in 1979.
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Speeds were between 12 and 18 mph, depending on the engine governor used. Production in 1919 was approximately 3,500.. By 1920, all Bethlehem trucks came with electric starter and lights, with the company motto at this time being "Trucks bought today without electric lights will be out of date tomorrow". Despite these new features, business decreased, with the company going into receivership. The last Bethlehem trucks, and the last vehicles of any type manufactured by the Bethlehem Motors Corporation were assembled in 1926.
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In May 1975, production had to stop for a month as storage space for the whisky had run out. The construction of a bonded warehouse had been delayed, causing fourteen workers to be laid off in the duration. This was followed by the distillery going into receivership, with it being purchased by the Kirkleavington Property Company in 1978, it opened again between 1979 and 1981. In the 1980s, the warehouses were sold off for conversion into flats, and as such maturation no longer takes place on site.
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Norco was previously noted as the only large consumer co- operative in the UK not to be a member of the Scottish or English Co-operative Wholesale Societies. It employed 2000 people in 1992, when the financial problems became apparent, and on going into receivership in June 1993, it had 800 employees. Its trading area included the Aberdeenshire and Moray towns of Banchory, Elgin, Ellon, Kemnay, Inverurie, Port Elphinstone and Westhill. At its peak it had branches and departments throughout the city of Aberdeen.
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Within a year Hibiscus won its first Michelin star, and at the same time Overton Grange was downgraded before going into receivership. Working under Bosi at Hibiscus was sous chef Glynn Purnell, who left Hibiscus in 2003 to become head chef at Jessica's restaurant in Edgbaston. Hibiscus gained a second star in the 2004 Michelin Guide. In July 2006, Bosi and his wife Claire announced that they were intending to sell Hibiscus and open a new restaurant closer to London, or in the capital itself.
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Australian tunnel operators have a poor financial track record, with Connector Motorways (Lane Cove Tunnel, Sydney) and Cross City Motorway (Cross City Tunnel, Sydney) both going into receivership. Of the TransApex tunnels, Rivercity Motorways went into receivership in February 2011 and BrisConnections in January 2012. Speculated causes for the financial difficulties include underestimated costs and overestimated revenue; the Clem Jones Tunnel was originally budgeted at $2 billion. Prior to the finish of construction, Airport Link constructors Leighton Holdings forecast a pre-tax loss of $430 million on the project.
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Newfoundland Railway map In 1880, a committee of the Newfoundland Legislature recommended that a narrow- gauge railway be built from the colonial capital in St. John's to Halls Bay, to the west. Construction was started on the Avalon Peninsula in August 1881 by the Blackman Syndicate. By 1884, the Newfoundland Railway Company had built west to Whitbourne before going into receivership. The bondholders of the bankrupt Newfoundland Railway Company continued to build a branch line from Brigus Junction to Harbour Grace (the Harbour Grace Railway), which was completed by November that year.
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Arrol-Aster was a British car maker founded in 1927 when Arrol-Johnston and the English Aster company merged. The Wembley, London works of Aster was closed and production concentrated at the Heathhall, Dumfries factory of Arrol-Johnston. At first, manufacture of all the cars previously made by the two companies was continued along with those made under the Galloway badge but in 1928 a rationalisation was carried out. The cars were complex and expensive and sales were poor resulting in the company going into receivership in 1929 and finally closing in 1931.
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As a result of Kaupthing going into receivership in October 2008, the FIH shares owned by Kaupthing FIH were pledged as collateral with the Icelandic central bank. Being ringfenced from Kaupthing by Danish regulation, FIH continued to operate as a Danish stand-alone bank. Since October 2008, the Icelandic owners had been attempting to sell FIH, which materialised on September 19, 2010 when the consortium composed of ATP, PFA, Folksam and CPDyvig announced that it had agreed to purchase FIH. Completion of the acquisition took place on January 6, 2011.
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After going into receivership that year, the company was refinanced by a group of bankers from Boston and reincorporated as Wills Sainte Claire Incorporated in 1923. Automotive designer Amos Northup worked at Wills Sainte Claire until 1924. Wills cars rode on either or wheelbases and featured either V8 or inline-6-cylinder overhead cam engines. There was also a wide range of body styles - four- passenger roadster; five-passenger Gray Goose special touring car; seven- passenger touring car; 4-door brougham; four-passenger coupe; five-passenger sedan; five-passenger Imperial sedan and town car.
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Aer Turas started operations in 1962 as an air taxi service from Ireland to the UK with a single de Havilland Dragon Rapide. They soon began to focus on freight rather than passenger operations and were quite successful for many years. In the 1980s Aer Lingus acquired a majority shareholding in Aer Turas. However a decade later, soaring insurance costs, increased competition and the turbulence following September 11th terrorist attacks in the USA all contributed to an overall operating loss and ultimately resulted in the company going into receivership.
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A plaque commemorating the official opening of the art museum on 29 May 2015 Singapore Pinacothèque de Paris was a private art museum formerly located in the Fort Canning Arts Centre at Fort Canning Park, Singapore. It opened to the public on 30 May 2015 and had its last day of operations on 10 April 2016, citing "weaker than expected visitorship and other business and financial challenges faced". The museum in Singapore was the first international offshoot of Pinacothèque de Paris, a private museum in Paris which opened in 2007 and closed in February 2016 after going into receivership in November 2015.
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The acquisition was not a success – partly due to misjudged price cutting at stores of products including Karrimor's own – and Karrimor were unable to recover. The falling sales, and Cullinan's 'unwillingness' to invest in the business (according to its receiver) led to the company going into receivership in March 2004. At the time it had around 250 employees and sales of around £18.7m. Within 24 hours, by 9 March 2004, its assets were bought out for £5 million by Lonsdale Sports, part of the Sports Direct group of companies,Soccer shop tycoon snaps up Karrimor – The Birmingham Post, 9 March 2004.
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In the 1960s with road improvements easing access, the Glenshee Chairlift Company was set up, modern facilities were built and business boomed throughout the 1970s and 80s. A succession of mild winters and poor skiing conditions led to the Ski Company going into receivership but a management buyout ensured skiing survived and once again business is good. Glenshee is known for high snowfalls and the A93 features regularly on the list of roads closed in adverse weather. The old Church of Scotland kirk at the Spittal has regular services and its scenic setting makes it a popular wedding venue.
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Known as Central Village, it was to consist of a high-rise tower for residential and business use, retail outlets, bars and restaurants and was also to have a canal running the length of Bold Street. Development of the site was troubled, with delays caused by parties involved going into receivership and potential tenants pulling out. In September 2017, new owner Augur announced plans to develop the site while leaving space for the expansion of the station, potentially seeing new platforms built. Augur stated it had discussed its plans with Network Rail and Liverpool City Council, and hoped to have planning permission submitted during 2018.
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On 5 October 2009 Crafar Farms had been placed into receivership by its lenders and that Michael Stiassny and Brendon Gibson had been appointed as receivers. The New Zealand Herald reported that Westpac, Rabobank and PGG Wrightson Finance, were owed about $NZ200 million, and had placed Crafar Farms into receivership as it was in breach of the covenants of the loans. The Crafars say that the recession and a drop in the Fonterra payout was a major factor in their business going into receivership. In 2007 Fonterra paid a record $7.90 per kilo of milk solids, this dropped by two dollars in 2008 and was just $4.55 in 2009.
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In July 2002 he appointed Alan Cork as his number two. Losing just one of their opening eleven games, his side made an excellent start to the campaign, seeing Adams rewarded with the Manager of the Month award for September 2002. Despite Leicester going into receivership with debts of £30 million and being banned from the transfer market until a takeover was completed, Adams was able to guide them to promotion back to the Premiership at the first attempt—they ended the 2002–03 season as Division One runners-up behind champions Portsmouth. At the end of the campaign he signed a new three-year contract.
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The Colorado Central Railroad, because of the poor economy at the time, fell behind on the interest payments it owed on the rolling stock it had purchased from railroad magnate and financier Jay Gould. Gould wanted to take over the railroad, so he planned to petition the court to place the railroad in receivership, with David Moffat as the receiver. In August 1876, to prevent the railroad from going into receivership, a group of men with direct and indirect interests in the railroad decided to kidnap the judge to prevent him from appointing a receiver for the railroad. The judge was Amherst W. Stone, and the court was a circuit court that met only once every three or four months.
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During the collapse of the CHI Group in 1990, the directors of Tickford executed a buy-out and saved Tickford from going into receivership, partially funded through the sale of the railway division to Babcock International. Tickford was now back in its roots of engine and vehicle engineering and worked on developing new markets. The company won projects in Detroit and the Far East and set up liaison offices in the USA and Germany. Tickford set up a production line in Daventry to convert the Ford Puma into the limited edition Ford Puma Racing (just 500 were built) and did most of the engineering design and development of the Ford Focus RS at Milton Keynes, also providing a build facility next to Ford's Saarlouis plant.
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Of the defaulted loans, the calling-in of 117 resulted in the borrowing company going into receivership. Borrowers complained that they had complied with the monetary conditions of the loans: they had kept up interest payments and repayments, and disputed whether it was reasonable to apply penalty interest and require early repayment for non-monetary issues (for example, not having invested the funds for the purpose borrowed, or no longer having adequate security to back the loan). The Australian Parliament requested that the Parliament's Joint Committee on Corporations and Financial Services conduct an inquiry into the matter, which reported on 4 May 2016. The committee concluded that there was no evidence to suggest that impairment of loans was related to an attempt to 'claw back' any of the BankWest purchase price.
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As a result, 3KZ moved to 104.3 MHz at 12:00 am on 1 January 1990. The station relaunched as KZFM, despite the station's official call sign of 3KKZ, carrying over its successful "Hits And Memories" positioner, with some changes to presentation style. KZFM was simulcasted on both 1179 kHz and 104.3 MHz frequencies for one month before the old AM frequency was closed down, to be later reassigned (after 12 months) to 3RPH. The KZ switch to FM paid immediate short term dividends, as the new KZFM debuted at number one in the first ratings survey of 1990, breaking an almost three-year dominance by rival Fox FM. However KZFM's success was short-lived, with ratings soon taking a dive and the station going into receivership in 1993.
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Canada's Public Sector Pension Investment Board buys McCamley's cattle stations, Matthew Cranston, Australian Financial Review, 20 April 2015, retrieved 13 October 2016 One newspaper article pointed out the apparent double standards between that particular deal, which didn't provoke any "murmur of dissent" and the attempted Chinese buyout of S. Kidman & Co properties, which prompted much public discussion about foreign ownership which pressured Australian treasurer Scott Morrison to block the sale twice.Queensland beef industry can take state out of the financial doldrums, Michael Madigan, The Courier Mail, 6 May 2016, retrieved 13 October 2016Treasurer Scott Morrison blocks the sale of S Kidman & Co to a Chinese company, news.com.au, 29 April 2016, retrieved 13 October 2016 On 4 December 2013, 520 registered Red and Grey Brahman cattle from McCamley's former Tartrus Brahman stud were dispersed at auction at the Central Queensland Livestock Exchange at Gracemere near Rockhampton. The sale was conducted under the instructions from the receivers of Jennifer McCamley Pty Ltd following the business going into receivership.
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About this time an anti-trust law was passed and the watch case manufacturers formed a boycott against Dueber's company. In 1888, Dueber bought Hampden and moved both companies to a dual set of factory buildings in Canton, Ohio. In their first year in Canton, the combined firms employed almost 10% of the city's population. 19th Century trade card for the company. By 1890, the company was producing quality watches, and introduced the first size 16, 23 jewel movement made in America. In 1923, the two businesses merged to become the Dueber-Hampden Watch Company. In 1925, John Dueber sold the company to Walter Vrettman. In 1927, falling sales led to the company going into receivership. In 1930, Amtorg Trading Corporation purchased the Dueber-Hampden Watch Company together with all of the manufacturing equipment, parts on hand, and work in progress, in order to build a factory in Russia. 28 boxcars of machinery left Canton, together with 21 Dueber Hampden employees to teach the Russians the craft of watchmaking.
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Following his death in July 1967, it was written that Rolls-Royce had been "deprived of one of the finest trouble- shooting engineers in the industry". Lombard's death had unfortunate consequences for Rolls-Royce when it came to the initial design of the early RB211, which suffered performance problems, the cost of solving-which, ultimately were to lead to the company going into receivership in 1971. > "It was all too obvious that the Derby engineers, normally proud and self- > confident to the point of arrogance, had slid from bad to worse when their > great leader, Lombard, had been so suddenly plucked from them in 1967, his > death had left a vacuum which nobody could fill ..." - Stanley Hooker Lombard's place at Rolls-Royce was eventfully to be filled by former Rolls- Royce and Bristol Siddeley engineer Stanley Hooker, who had by then retired, and under his leadership, assisted by fellow Rolls-Royce ex-retirees Arthur Rubbra and Cyril Lovesey, the RB211 went on to become a most successful design.
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