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Last RightsLiquidating a Company$
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Ben S. Branch, Hugh M. Ray, and Robin Russell

Print publication date: 2007

Print ISBN-13: 9780195306989

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780195306989.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 January 2022

 Day‐to‐Day Management

 Day‐to‐Day Management

(p.92) 6 Day‐to‐Day Management
Last Rights

Dr. Ben S. Branch (Contributor Webpage)

Hugh M. Ray

Robin Russell

Oxford University Press

This chapter describes the day-to-day management of a liquidation. It addresses the liquidator's need to secure office space, retain key employees, hire staff, take custody of the company's records, establish internal controls for the handling of funds, maintain records, and comply with federal, state, and local laws. The process for the review and assumption or rejection of executory contracts to which the debtor is a party is outlined. The practical steps for liquidation management are also explained.

Keywords:   internal controls, rejection, executory contract, office space, employee, records, management, liquidation

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