Effect of disclaimer-bankruptcy and liquidation, Financial Accounting

Assignment Help:

Effect of disclaimer

The trustee may disclaim onerous property consisting of:

Land burdened with onerous covenants;
Stocks and shares;
Unprofitable contracts, or
Other property which is not readily saleable by reason of the liabilities attaching thereto;

and thereupon all the rights, interests and liabilities of the bankrupt and of the trustee in relation to the property are determined as from the date of disclaimer.

Related Discussions:- Effect of disclaimer-bankruptcy and liquidation

What is the npv of project - cost of capital, 1. Kinetics is considering a ...

1. Kinetics is considering a project that has a NINV of $874,000 and generates net cash flows of $170,000 per year for 12 years. What is the NPV of this project if Kinetics' cost o

Financial leverage - ratio analysis, Provide a brief (one typed page) discu...

Provide a brief (one typed page) discussion of analysis of the ratios of your company versus the competitor and the industry, addressing your company's liquidity, solvency, profita

Payments needed?, Payments needed? Zach Taylor is settling a $27,000 loan d...

Payments needed? Zach Taylor is settling a $27,000 loan due today by making 6 equal annual payments of $6018.83. What payments must Zach Taylor make to settle the loan at the inter

Analyse the main sources of finance , Consider a multinational listed compa...

Consider a multinational listed company that has recently carried out an acquisition. You may also select a company that carried out an acquisition long ago as long as there is inf

Evaluation of net working capital, Q. Evaluation of Net working capital? ...

Q. Evaluation of Net working capital? The evaluation presumes that several key variables will remain constant such as the inflation rates, discount rate and the taxation rate.

Case study, I need help with a mini accounting project. Here is a link to t...

I need help with a mini accounting project. Here is a link to the questions I need to be answered. Read the questions and instructions and if you think you can complete the case wi

Short-term creditors, Short-term Creditors: Bankers and another short-ter...

Short-term Creditors: Bankers and another short-term creditor have an interest same to those of the debenture holders and equity shareholders who are interested in the profitabil

Financial ratios, Financial ratios have been categorized in a variety of ma...

Financial ratios have been categorized in a variety of manners. You may determine the subsequent broad bases having been utilized in current literature: Primacy Criterion: Th

#titletechniques, what are five modern techniques of financial accounting

what are five modern techniques of financial accounting

Members voluntary winding up-liquidation of companies, Members Voluntary Wi...

Members Voluntary Winding Up The company may be wound up by the members themselves without reference to the creditors, if the company is solvent. 1) Declaration of solvency

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages