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What is Corporate Liquidation Overview about?

The bankrupt corporation had total free assets of $283,500 and liabilities with priority of $58,000, resulting in net free assets of $225,500. The estimated deficiency to unsecured creditors was $140,000. During the six month period, $470,000 of assets were realized through sales, and $388,000 of liabilities were liquidated. The net decrease in the estate deficit was $39,000, bringing the total to -$91,000 as of July 31, 2015.

Author

Anne Camille Alfonso

Language

EN