X-Nico

3 unusual facts about liquidation


Clive Holmes

More recently Holmes was Chairman of The Gateway Consortium Limited (Reg. No. 05001345), a company which was placed in Liquidation in 2011 after an unexpected VAT bill for £400,000 on commission it received for the marketing of unregulated collective investment schemes (UCIS) to financial advisers.

Tax shelter

Certain companies, such as mining or oil drilling often take several years before they can generate positive income, while many of them will go under.

William Thomas Grant

By that time his nationwide empire of W. T. Grant Co. (Grants) and Grant City stores had grown to almost 1,200, although the company failed in 1975 and was soon liquidated.


2012–13 Welsh Premier League

On 22 April 2013, Llanelli A.F.C. were liquidated by HM Revenue and Customs at the High court in London with debts of £21,000; this did not affect the final league table as the club had already played all their league fixtures prior to the ruling.

Academy of the Assumption

The Miami News, Liquidation Sale Clears Out Academy Of The Assumption by Eliott Rodriguez, July 17, 1978, Page 4A.

Armenian victims of the Great Purge

In September 1937 Stalin dispatched Anastas Mikoyan, along with Georgy Malenkov and Lavrentiy Beria, with a list of 300 names to Yerevan to oversee the liquidation of the Communist Party of Armenia (CPA), which was largely made up of Old Bolsheviks.

August Borsig

By 1930, the company was on the verge of liquidation, the locomotive business was saved by a merger with AEG.

Bradlees

Bradlees also took advantage of the liquidation and closure of competitor Caldor shortly after its emergence from bankruptcy and purchased several of its former stores.

Brandon, County Durham

In 1931 the company went into liquidation, and the pit was re-opened by Bearpark Coal and Coke Co. on a smaller scale to work the Busty seam, until flooding from the River Browney forced its closure in December 1950.

Chicago Pacific Corporation

It managed to use much of the capital made from the liquidation of the Rock Island to acquire non-rail ventures such as The Hoover Company, Pennsylvania House/Kittinger, Inc., and Rowenta A.G..

Clydebank F.C.

After the liquidation of Airdrieonians, a consortium led by Jim Ballantyne put forward a bid to fill the vacancy in the SFL and build a new club in Airdrie from scratch.

First Solution Money Transfer

In June 2007, the company went into liquidation owing nearly GB£2  million pounds to the public, the majority of whom were from the Sylhet region of Bangladesh.

Friedman's Inc.

Many former employees maintain that when Friedman’s emerged from the 2004 bankruptcy after being purchased by hedge fund Harbinger Capital Partners, an era, albeit a short one, of severe incompetency and ineffectual leadership conducted by the new board of directors, company officers, and other key executives resulted in the 2008 bankruptcy, which ended with the liquidation of both Freidman's and Crescent.

Gerhard Schmidhuber

In that capacity, he had extensive dealings with the Swedish diplomat Raoul Wallenberg and prevented the liquidation of the Jewish ghetto in the face of the advancing Red Army.

Gordon Brothers Group

In the UK, the company has been involved with the liquidation, property closures and stock clearances of many high street names including Focus DIY, Jessops and First Quench Retailing.

Hyde F.C.

On 24 September 2009, the club was officially wound up at the High Court in London, with debts of around £120,000 to HM Revenue and Customs.

Jocelyn Blanchard

Jocelyn Blanchard (born 28 May 1972 in Béthune, Pas-de-Calais) is a French footballer who is currently a free agent, having been released by Austria Kärnten, after the club went into liquidation in 2010.

Jonathan Haeber

In December 2007, Haeber spent three moonlit nights at the famed pleasure park of Michael Jackson, Neverland Ranch, photographing its attractions prior to their liquidation and dismantlement.

Just Mobile

In March 2011, advertising agency Owens DBB issued a petition to have Just Mobile wound up due to alleged non-payment of fees, leading to concerns about the company's creditworthiness.

Liam Carroll

Zoe group companies became unable to repay bank borrowings of a reported €1.3bn and in summer 2009 requested Examinership as protection from creditors, particularly ACCBank who were the first to seek liquidation of some of his companies.

Lionel Pickering

In October 2003, Derby County's parent company, Derby County Limited, briefly went into liquidation and Pickering, the majority shareholder, gave way to a new board of John Sleightholme, Jeremy Keith and Steve Harding, who bought the club for £3.

Louis Delâge

By 1935 his company was forced into liquidation, the rights to the Delage name auctioned off to the Delahaye car company.

Marcel Desoutter

41 of this type and the improved Desoutter II were produced, but the business folded in 1932 after its main customer, National Flying Services at London Air Park, Hanworth, went into liquidation.

Mediterranean Theater of Operations

Headquarters MTOUSA and General Headquarters CMF formally separated from AFHQ on October 1, 1945, leaving AFHQ to consist of a small interallied staff responsible for combined command liquidation activities and commanded by Lieutenant-General Sir William Morgan as Supreme Allied Commander Mediterranean.

Nature's Pride

Nature's Pride is an all-natural brand of bread was produced by Hostess Brands and now produced by Flowers Foods in the United States, which closed its operations in the wake of a BCTGM bakers' union strike and entered liquidation proceedings.

Patrick Spens, 1st Baron Spens

Spens was the eldest of the six children of Nathaniel Spens, a chartered accountant and managing director of state liquidation, born in Glasgow and of Frimley, Surrey, and Emily Jessie Connal.

Pavlo Lebedyev

He is participant of liquidation of the Chernobyl disaster consequences and the Merited Economist of Ukraine (2011).

Pelham Puppets

The factory was rebuilt and grew in size on the same location until it was sold and moved in 1985 to Collingbourne Ducis also in Wiltshire and then again sold and moved to Gloucestershire in the early 1990s but went into liquidation in 1993.

Pets.com

The Pets.com management stayed during the liquidation and CEO Julie Wainwright received $235,000 in severance on top of a $225,000 "retention payment" while overseeing the closure.

Postage stamps and postal history of Poland

On the departure of the Austrian forces the area was administered by a governing commission which was called the Polska Komisja Likwidacyjna (Polish Liquidation Commission).

Power on Earth

It also details his connections with the Gambino crime family, the Vatican Bank, the Franklin National Bank in Long Island, New York, and the murder of Giorgio Ambrosoli, a lawyer overseeing the liquidation of his banks.

Rumpler

Rumpler Tropfenwagen, a car designed by Edmund Rumpler after the liquidation of the company

To the Valiant Soldier of the Karelian Front

All participants "of the liquidation of the intervention of White-Finnish bands into the territory of Karelia" received this award.

Volodymyr Nechyporuk

He was first-category participant in liquidation of consequences of the 1986 accident at the Chernobyl Nuclear Power Plant.

Z Experimental Station

With the liquidation of the ISD in April 1943, the ZES was handed over to the AIB for use by the Netherlands East Indies Forces Intelligence Service, Section III (NEFIS III).


see also