The owner carries the financial responsibility for all debts and / or losses suffered by the business, to the extent of using personal or other assets, to discharge any outstanding liabilities.
22.
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.
23.
At a public meeting on 21 November 1921 it was proposed that the Institute be closed and its assets sold, with funds after the discharge of outstanding liabilities going towards the local hospital.
24.
In years past, the IRS told the lender within three days whether the full refund would be issued or if it were subject to any outstanding liabilities, such as child support or student loan payments.
25.
ING Group will pay 1 pound ( dlrs 1.60 ) for Barings, then inject 660 million pounds into the bank, which will cover the outstanding liabilities and leave Barings a substantial cushion to conduct business.
26.
ING Group will pay 1 pound ( dlrs 1 . 60 ) for Barings, then inject 660 million pounds into the bank, which will cover the outstanding liabilities and leave Barings a substantial cushion to conduct business.
27.
The amount and terms of international borrowing depend on many conditions such as the credit history or default risk, output volatility or country risk, net worth or the value of collateralizable assets and the amount of outstanding liabilities.
28.
They paid ?68m in contributions in 2013-14 an increase of 38 % since 2009 . In principle trusts can insure themselves in the commercial market, but none have yet done so, possibly because leaving the scheme would crystallise their outstanding liabilities.
29.
The joint, several and non-limited liability of the members or shareholders of the company to meet any insufficiency in the assets of the company ( to settle its outstanding liabilities if any exist ) applies only upon the formal liquidation of the company.
30.
ING Group will pay a symbolic 1 pound ( dlrs 1.60 ) for Barings, then inject 660 million pounds ( dlrs 1.06 billion ) into the bank, which will cover the outstanding liabilities and leave Barings 240 million pounds ( dlrs 384 million ) with which to do business.
