Unlike when individuals file for Chapter 7 Bankruptcy, the business debts still exist.
For a description of our assets please see the Our Assets section.
Liquidation in finance and economics, is the process of bringing a business to an end and distributing its assets to claimants. Solvent companies may also file for Chapter 7, but this is uncommon.
Factors that might cause such differences include, but are not limited to: the purchaser consummating the transactions contemplated by the purchase agreement; and other factors, many of which are beyond the Company's control, including other factors included in the Company's reports filed with the Securities and Exchange Commission ("SEC"), particularly in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's latest Annual Report on Form 10-K for the year ended , as such Risk Factors may be updated from time to time in subsequent reports.
The Company does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
(NYRT) (the "Company" or "NYRT"), which is liquidating and winding down pursuant to a plan of liquidation, today clarified the date on which the Company's common stock, par value /PRNewswire/ -- New York REIT, Inc.