dump-buyback

dump-buyback
A plan by which the owners of a failing business form a new legal entity which then purchases some or all of the assets of the first business for their liquidation value. This can be done informally with the consent of the failing business's creditors, who will use the proceeds to recoup a portion of the money owed to them, or it can be accomplished via a public auction or an assignment for benefit of creditors proceeding. Occasionally "dump-buyback" is also used to describe a business bankruptcy where the owners of the bankrupt business form a new business entity and submit a formal bid to purchase their former assets, usually for a fraction of what was originally owed.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • List of minor characters in Saved by the Bell — Below is a list of minor characters from the TV show Saved by the Bell , many of whom only appeared in one or two episodes.Lieutenant Chet AdamsPlayed by Cylk Cozart, Lieutenant Chet Adams appeared in season two during the episode Zack s War as… …   Wikipedia

  • List of Saved by the Bell characters — Below is a list of characters from the TV show Saved by the Bell. Contents 1 Main characters 1.1 Zack Morris 1.2 Kelly Kapowski 1.3 Samuel Screech Powers …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”