Liquidating a fund
Any transaction that offsets or closes out a long or short position. Liquidation also refers to a situation in which a company ceases operations and sells as many assets as it can; the company uses the cash to repay debt and, if possible, shareholders.
Liquidation often has a negative connotation for this reason. Case Study If eliminating dividends, laying off employees, selling subsidiaries, restructuring debt, and, finally, reorganization under Chapter 11 bankruptcy fail to resuscitate a business, the likely outcome is liquidation.
JMJ LIQUIDATING FUND, LLC is a business legal entity registered in compliance with the national legislation of the State of Connecticut under the legal form of Foreign Limited Liability Company.
Company is located in the register under the national Company number 1040859.
For instance, a retail chain may wish to close some of its stores.
For efficiency's sake, it will often sell these at a discount to a company specializing in real estate liquidation instead of becoming involved in an area it may lack sufficient expertise in to operate with maximum profitability.
Such a process can be initiated at the behest of the CREDITORS where the company is insolvent (a compulsory winding-up) or by the company directors or SHAREHOLDERS, in which case it is known as a voluntary winding-up.The Liquidating Trustee shall liquidate the assets (a) in the Liquidating Trust Fund and make payments from the Liquidating Trust Fund to any holder of the allowed claims set forth in Paragraph 1.28 hereof and to the Redress Fund, pursuant to the Liquidating Plan. Assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Liquidating a position may simply mean selling stock or bonds; the seller in this case receives the cash.The Liquidating Trust Fund 2.8 Pursuant to the confirmed Liquidating Plan, Related 3ebtors shall establish the Liquidating Trust Fund to be administered after the Effective Date by the Liquidating Trustee.
Any attorneys fees awarded by the Court to counsel for Coordinated Plaintiffs and/or the National Association of General will be paid out of the Redress Fund, save and except those fees and costs that are payable for.services rendered by the Official Joint Borrowers Committee as an Administrative Expense of the Estates or the Liquidating Trust Fund.
Liquidation is the process in accounting by which a company is brought to an end in the United Kingdom, Australia, Republic of Ireland, Cyprus and United States.