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The Northern states had not, and wanted the federal government to take over their outstanding liabilities.
Sole traders may simply be able to close the business and pay off any outstanding liabilities, especially if there are no employees involved.
Corporate debt restructuring is the reorganization of companies' outstanding liabilities.
The sale closed on July 31, 2009, but the proceeds were insufficient to cover outstanding liabilities.
In its filings, Napster said it had $101 million in outstanding liabilities.
It is allowed to make payments on any outstanding liabilities, any maintenance needs and fees for lawyers.
Outstanding liabilities, they call it.
ProtoStar sought and was made by the bankruptcy court to auction its two satellites off to pay its outstanding liabilities.
The heart of the Equitas plan is the creating of a reinsurance organization that would assume Lloyd's outstanding liabilities.
If the target has a captive insurance company this must have an adequate capital base, sufficient reserves to pay its outstanding liabilities, and adequate reinsurance.
The buyers would pay Yukos's outstanding liabilities and would pay its back taxes directly to Russia's treasury.
In the event of non payment of a direct debit, your deferment facility may be stopped or suspended until all outstanding liabilities have been paid.
In 1993 it was bought by Zurich Insurance, although MMI itself continues to pay all its outstanding liabilities.
That, in turn, is allowing household liquidity ratios - the amount of total liquid assets held compared with outstanding liabilities - to stabilize and start to improve.
Recent media reports have confirmed reductions in staff headcount but in overall terms the costs savings will be minimal when compared to the outstanding liabilities due to creditors.
The official reason: outstanding liabilities towards cooperators and the Polish national Social Insurance Institution (ZUS).
They, along with several other Government-sponsored enterprises (G.S.E.'s), now have $1 trillion - that's trillion - of outstanding liabilities that carry implicit Government guarantees.
This is the value of the business' assets as stated in the audited accounts, minus outstanding liabilities to creditors or tax authorities, bank borrowings and redundancy payments due.
For example, a sole trader can simply close the business and pay off any outstanding liabilities but a limited company with a separate legal identity might be more attractive to potential buyers.
You should contact the relevant authorities to advise them you are closing down and calculate and pay off any outstanding liabilities (such as VAT) and debts.
In such cases Students for Bhopal chapters have demanded that their schools should reject funding from Dow until the corporation resolves its outstanding liabilities in Bhopal.
On April 1, after the deadline, interest rates on outstanding liabilities will rise two percentage points over the pre-amnesty levels, or four points for those participating in the program, Mr. Roth said.
As in other countries, certain debtors may be tempted to bypass the process outlined above through the transfer of assets from an insolvent company to a phoenix company, thus abandoning outstanding liabilities to creditors.
Lloyd's proposes that Equitas take responsibility for outstanding liabilities from 1992 and before, which include heavy exposure to United States asbestos and pollution claims and which have resulted in big losses to the market's individual investors.
Locog has consistently defended Dow's sponsorship of the £7m wrap, accepting the company's explanation that all its outstanding liabilities relating to its purchase of the plant's owner, Union Carbide, in 2001 had been settled in Indian courts.