The liquidator has powers to disclaim any onerous property or unprofitable contracts.
2.
It still taxes food, for example, and until recently had one of the most onerous property taxes on cars in the country.
3.
The liquidator also has power to disclaim any onerous property or contracts of the company in liquidation with the leave of the Court.
4.
A liquidator has a right to disclaim onerous property and unprofitable contracts ( although this cannot destroy or remove any third party rights once they have vested ).
5.
He reduced inequity between school districts by transferring funding from onerous property taxes ( which were cut, on average, by a third to a half ) to an increased but still reasonable sales tax, a huge change.
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