Liquidation and Receivership

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Across
  1. 4. The firm's ability to generate enough cash to cover long term debts as they mature.
  2. 5. A firm's ability to pay its short term obligations
  3. 6. A person or business that a debt is owed to by a firm that is tied to a specific asset or assets of the firm.
  4. 7. A person or business, against whom the court has issued a receiving order, as a result of a creditor filing that the debtor has committed an act of bankruptcy.
  5. 8. A financial transaction in which a company is acquired using a significant amount of borrowed money to meet the cost of acquisition.
Down
  1. 1. A business that is bankrupt and unable to meet its obligations as they become due
  2. 2. A person appointed by the court when a firm is considered to commit an act of bankruptcy.
  3. 3. The inability of a frim to meet its short term obligations.
  4. 4. A contract for a creditor to get the assigned asset, or the proceeds from the sale of an assigned as payment of a debt asset if the debtor is unable to pay.