This article was sourced from BarNet Jade.
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This article was sourced from BRI Ferrier. The ease with which an insolvent company may appoint an administrator following the resolution of its board presents an opportunity for unscrupulous directors to take advantage of the administration procedure for extraneous and improper purposes. Australian courts have often intervened to terminate a voluntary administration where the decision […]
This article was sourced from Mintez Levin. Article by Charles W. Azano. There are numerous reasons why a company might use more than one entity for its operations or organization: to silo liabilities, for tax advantages, to accommodate a lender, or for general organizational purposes. Simply forming a separate entity, however, is not enough. Corporate formalities […]
This article was sourced from Zero Hedge. When we commented yesterday morning on the unexpected “going concern” notice in Sears’ just filed 10-K which sent the stock crashing, we pointed out the immediate spin provided by Eddie Lampert’s distressed retailer which promised that its comeback plan may help alleviate the concerns, “satisfying our estimated liquidity […]