165 Sentences With "no assets" | Random Sentence Generator

Because the company has no assets, at least not yet.

Because Chevron has no assets in Ecuador, the company refused to pay.

But according to prosecutors, no assets were ever purchased with the money.

They added value to vast audiences with relatively few staff and no assets.

I was now married again, but I had no assets to speak of.

He lost no assets, and could enjoy income from his property in exile.

In fact, the firm had no income and no assets, according to the indictment.

Daulerio had no assets and thousands of dollars in student loans, the attorneys said.

Or all of the above plus no retirement and no assets because of no job!

I had no assets, no retirement accounts, a $2200 savings account balance, and credit card debt.

Virgin merged with an already existing public company named Social Capital Hedosophia that had no assets.

Unlike a company there are no assets or revenues we can use to assess a predictable valuation.

There are no assets to dangle on the trade block, there's no cap space left to fill.

A statement by the attorney general&aposs office said no assets of any suspects have yet been frozen.

First Alpha, established in 2016 and private-equity backed, and has no assets so far, according to its website.

SPACs like Origo have no assets but use IPO proceeds and bank financing to take companies public through acquisitions.

"It was the perfect mix of a guy with no degree and a guy with no assets," he jokes.

Asked about the loans, Mr. Freidman's lawyer said his client had "no assets" that could be used as collateral.

SPAIN'S MELIA SAYS HAS NO ASSETS IN CUBA THAT COULD BE SUBJECT TO POTENTIAL CLAIMS AFTER THEIR EXPROPRIATION IN 1960S

She did not own her home, or any land, and had no assets to serve as collateral for the loan.

Alwaleed told Reuters the company would remain under his ownership and that no assets would be transferred to the state.

A: They are very concerned that our curriculum is about investing and asset allocation when most of them have no assets.

In that acquisition, Smithfield Foods was bought by Shuanghui International Holdings, a Chinese company with no assets in the United States.

The filing said that G.M.R. had no assets of value and that his projects had failed over the last two years.

Related: Iranian Hackers Infiltrated a Canadian Government System It's also possible, however, that Tehran simply has no assets left in Canada.

In a speech broadcast live on state television, Rouhani said sanctions against Khamenei would fail because he had no assets abroad.

Economists have criticised the firms for employing only a few tech bros and creating no assets apart from executive Koi carp aquariums.

However, ICD's liquidity assessment is hampered by the weakness of treasury asset credit quality, with no assets rated in AAA-AA category.

About 62 percent of black working-age households have no assets in a retirement account, compared to 643 percent of white households.

SPACs are companies with no assets that raise money in an IPO which they then use, often alongside debt, to buy other companies.

We recently moved our parents into an assisted-living facility, where they are supported by a charity fund, as they have no assets.

Puerto Rico's public employee retirement systems are $50 billion underfunded and have no assets, with payments coming out of the island's general budget.

Double Eagle was launched with no assets, but it will use the money it raised from the IPO, as well as debt, to buy companies.

Bitcoin and its peers have no assets or guarantee underpinning them, unlike the dollar or sterling, which are backed by the government that issues them.

"I have no assets at the moment," said 64-year-old Victor Young, who spoke to Reuters at a soup kitchen in New Zealand's capital, Wellington.

Even for foreign officials with no assets in the United States, being blacklisted can make it impossible to do business in U.S. dollars outside their country.

Special purpose acquisition companies have no assets but use the proceeds from an IPO, combined with bank financing, to buy and take privately held companies public.

At the time, he was driving a 2001 Chevy Tahoe with 285,000 miles on the odometer, and appeared to have no assets or property of any kind.

But the company has no assets in Ecuador, and the villagers have been suing it in the United States, Canada, Brazil and Argentina to enforce the decision.

In the 1990s Perl's business grew strongly, partly on the back of a loan he invented called the NINA — aimed at customers with "no income, no assets".

"Even if both individuals come into a marriage with little to no assets, it's still advisable to account for things like inheritance, future business activities and stakeholdership," Malani says.

In a tweet responding to this development, Zarif appeared to scoff at that notion and downplayed the impact of being sanctioned, claiming to have no assets outside of Iran.

These special purpose acquisition companies (SPACs) have no assets but use the IPO proceeds, together with bank financing, to buy other companies and boost their value through operational improvements.

The company acknowledged in a statement that Chinese authorities conducted an investigation at the firm's office, but said its operation remains normal and no assets had been seized or frozen.

But what happens if she treats that actuarial expectation as a certainty, spends too much each year, and ends up healthy and vigorous at age 87 with no assets left?

But the company has no assets in the country, and the villagers have been trying to sue it in the United States, Canada, Brazil and Argentina to enforce the decision.

SPACs, also known as blank-check acquisition companies, have no assets but use IPO proceeds, together with bank financing, to buy other companies and boost their value through operational improvements.

For this reason, virtually no assets were ever returned to the U.S. It would have been malfeasance for corporate leadership to subject their shareholders to such a punitive tax rate.

"If they have no assets and no children, you can do one of those divorces, no harm, no foul," said John Slowiaczek, president-elect of the American Academy of Matrimonial Lawyers.

If you have no assets, and no skills you can sell to the general public in exchange for money, a job is certainly the most convenient way to produce a cash flow.

That is true across Germany, where earnings and pensions are more closely linked than in many other countries and the poorest 24% have virtually no assets (because most Germans rent rather than buy housing).

While the judgement was passed down in America, where Iran has no assets, it was enforced in Canada — Ottawa cleared out one of the bank accounts, and seized two properties to pay for the judgement.

Vega explained that CargoX "operates as a transportation company with no assets," an approach that's supposed to help with trust (if you're shipping something, you make the deal with CargoX, not the individual truckers) and flexibility.

"The (offer) letter was not accompanied by equity commitment letters that would be necessary for the company to evaluate whether to enter into an agreement with an acquisition entity possessing no assets," Rent-A-Center said.

Macquarie Group analysts said they needed more information to understand the benefits to Wynn, but "given that no assets are collocated geographically, the ability to generate synergies is most likely related to corporate cost benefits and VIP".

Russian law-enforcement officers on the list were unlikely to travel to the United States in any case, and, for years, as far as officials in Washington could tell, no assets were seized as a result of the sanctions.

During a class action against by Indiana borrowers against one of Hallinan's companies, Apex 1 Processing, prosecutors said Hallinan offered to pay Ginger $10,000 every month to pretend that he owned Apex 1 and that Apex 1 had no assets.

Turkey&aposs Interior Minister Suleyman Soylu and Justice Minister Abdulhamit Gul mocked the sanctions this week, saying they have no assets in the U.S, but the sign of deteriorating Turkish-American relations sent Turkey&aposs national currency — the lira— tumbling.

But Mr. Oei secretly transferred part of the money, more than 5 million Canadian dollars, that investors had intended to fund the project into companies under his control, and he issued shares with no assets to the investors, the panel found.

In reviewing the Origin proposal, the Affymetrix board said Origin appeared to be a newly formed shell entity with no assets of which Affymetrix was aware, and whose sole source of funding for the proposed transaction was $1.5 billion in potential debt commitments.

The net effect is a record book in which it appears that an entire roster of players was traded from an existing team to an expansion team, with no assets going the other way, while the original team took a three-season hiatus.

A buyer can expect to recover at least 50-60 percent of a loan with good collateral such as an apartment in a large city, compared with just 210-25 percent in a corporate bankruptcy with no assets pledged as guarantee, several industry sources said.

Prosecutors said Neff also helped Hallinan defraud borrowers pursuing a class action against Apex 1 Processing by making it appear it had no assets and was owned by a Canadian who was a hereditary chief of the Mowachaht/Muchalaht First Nation in British Columbia.

Maggio's petition for pauper status said he had worked for minimal wages at menial jobs since being stripped of his judgeship in 2014 by the Arkansas Supreme Court in an unrelated matter and essentially had no assets other than his home and a 13-year-old automobile.

Especially in Florida, they went on, where the Homestead rule means that houses can't be seized in these proceedings — meaning a robocall scammer based in the state could make 10 million bucks, drop it all on a house, and then declare they have no assets when the FTC or whoever comes knocking.

Just to give a feel, here is a Microsoft datacenter complex in the eastern United States: It seems pretty impressive until you see the expansion under way, which dwarfs the original complex (in the distance at the top of the following picture) and will result in a facility a mile long: Beyond being mind-blowing to people like myself who come from the traditionally asset-light-to-the-point-of-no-assets-beyond-a-couple-laptops software business, the vast sums being spent to move dirt, pour concrete, bend metal, and sling electrons also help us handicap the race for the trillion dollar cloud "jackpot".

The 2013 financial statement for the Nehemiah Progressive Housing Development Corporation showed that it had no assets or revenue.

There has been excussion against the principal debtor, who has no assets. The creditor is therefore proceeding against the surety.

Since he reportedly had no assets left from his time playing in the NBA, a court-appointed attorney was assigned to him.

Discovering that her husband had virtually no assets and that she must support herself, Phyllis returns to her home town of San Francisco.

62–66, 68–70, 84–85.Powers (1979), p. 42, no assets: Soviet Russia for awhile "remained a 'denied area' which resisted penetration" by the CIA.

In 2006, Porush was sued by his first wife for failure to pay child support. Porush said that he owned no assets and that everything belonged to his second wife.

Abraham Dorb filed a petition for bankruptcy in November 1932. His liabilities totaled $166,271, including contingent obligations on debts contracted by Dorb the Chemist, Inc., and Delmonic Dorb the Chemist, Inc., no assets.

"National Party to fight 5 seats", The Guardian, 30 January 1967F. W. S. Craig, Minor Parties at British Parliamentary Elections Martell was declared bankrupt in 1968,"Mr Edward Martell - 'no assets'", The Guardian, 4 May 1968 after which the party disappeared.

Acme Coal, being more established, contributes more capital and takes 70% of the shares. Energen is a smaller company and takes the remaining 30%. The new company has no assets. Power Holdings then signs a construction contract with Acme Construction to build a power plant.

After staying some time in Helsinki and Saint Petersburg, Larson traveled to London in 1862 for the World's Fair. At this time, however, his talent and reputation were decreasing. With almost no assets and suffering from tuberculosis, Larson died in London on 25 January 1864.

The families of the deceased have agreed to a $42 million settlement from Carneal, however at the time of settlement Carneal had no assets and his family's insurance company, Kentucky Farm Bureau, has insisted repeatedly through court motions that it is not liable for his actions.

His decision however was swayed by a group of former club directors. By selling up, Crisp would have recouped his outlay, but when the stadium plans were delayed over land ownership, Colchester United would have been left completely homeless with no assets except for the players.

Thingalur is the birth place of Appothi Adigal an ardent devotee of saint Thirunavukkarasar, though the temple has no assets related to the saint. The temple has four daily rituals at various times from 6:00 a.m. to 8:30 p.m., and four yearly festivals on its calendar.

Southcott sued for specific performance or damages. At trial, Southcott stated it never had any intention to mitigate its loss and had not tried, that it had no assets other than the deposit from Ballantry Inc for the deposit, and it was never going to purchase any other land.

Her father dies. Because of the fatal accident, Ji-eun never gets to the airport. At her father's funeral service, a company executive informs Ji-eun that her father's company has been taken over by rival Seo-Rin Group. Ji-eun's family has lost everything, they have no assets, no money.

Borrowers needed only to show proof of money in their bank accounts. "No Income, No Assets" (NINA) or Ninja loans eliminated the need to prove, or even to state any owned assets. All that was required for a mortgage was a credit score. Types of mortgages became more risky as well.

Goes to Boston The Music Trade Review vol.27 no.25 (December 17, 1898) p.11 Henry Lindeman filed a petition for bankruptcy the same year, declaring his liabilities as $104,345 with no assets, but by that November he formed the Victoria Piano Company, with a factory on 157-159 East 128th street.

The next year, facing a class-action lawsuit, the company failed, had no assets and Pierce was forced out. Pierce founded ZAM, a network of websites oriented around massively multi-player online role-playing games (MMORPG), such as World of Warcraft, Star Wars: The Old Republic, Rift, EverQuest, etc., in 2003. The ZAM.

The new board was given the right to levy dues on goods passing through the port but no assets. At the time the Harbourmaster and Pilots were government employees. The City Council owned Queens Wharf and its bond store. There was a new wharf and reclamation but it belonged to New Zealand Railways.

After forming an unsuccessful Paris Parcels Delivery Company, Wilks returned to London, and, settling in Surrey Street, Strand, attempted to found an Authors' Institute. His last project was the establishment of a fraudulent clerical registry office. Before his dishonesty was detected, Wilks died suddenly at Chelsea, on 17 January 1846, leaving no assets.

Campion further describes how Messenger set up the New Earth Credit Union to assist former clergy with low interest loans. At the time loans to former clergy were generally unavailable because they usually had no assets and no credit record. Severance payments and superannuation were unheard of.Campion, Edmund, Australian Catholics, Penguin Books, Sydney, 1988.

Microfinancing produces many benefits for poverty stricken and low-income households. One of the benefits is that it is very accessible. Banks today simply won't extend loans to those with little to no assets, and generally don't engage in small size loans typically associated with microfinancing. Through microfinancing small loans are produced and accessible.

The medical examiner concluded that his death was the result of a heart condition brought on by years of drug abuse. Despite having won an estimated $30 million during his poker career, Ungar died with no assets to his name. Stupak took up a collection at Ungar's funeral to raise funds to pay for the services.Dalla & Alson, p.

Mr Lubbe was injured at work while manufacturing asbestos for a South African subsidiary company of the UK parent company, Cape plc. The South African subsidiary had no money left and Cape Plc had no assets in South Africa. His case was one of 3000 claims. The case was initiated in the high court in London.

Qadbak turned out to be a shell company with no assets and no investors behind it.SonntagsZeitung, 2009-11-22 On November 27, 2009 it was announced that Peter Sauber would repurchase the team conditional upon the team receiving a FIA entry for the 2010 season. The FIA subsequently granted Sauber an entry on December 3. The team used Ferrari engines in .

If enough time passes, seven years in most jurisdictions, the debt is removed from the debtor's credit history. A debtor with no assets or income cannot be garnished by a creditor, and therefore the "Take No Action" approach may be the correct option, particularly if the debtor does not expect to have a steady income or property a creditor could attempt to seize.

Wok of Mufangejo Muafangejo came from the people of Kwanyama (Kuanjama), who inhabit the northern parts of Ovamboland. As a child, he tended cattle barefoot. 1955 his father died, leaving his mother, who was one of eight wives, with no assets. His mother converted to Christianity and moved in 1956 to the Anglican mission station in Epinga which lay south of the border in Namibia.

Miller had acquired an estate by means of his occupation as a professional gambler. His assets had subsequently disappeared under suspicious circumstances, leaving only liabilities. Miller's wife possessed fixed property, which she had received while Miller was pursuing his occupation. In an application by Janks to sequestrate Miller's estate, Miller contended that sequestration was not competent because he had no assets and, therefore, no estate.

Registered in the Virgin Islands, his company Firepower finally collapsed. No assets could be retrieved and no evidence of the much-vaunted fuel tablet could be found. Despite the illusory nature of the product, the company had attracted high profile and prestigious promoters and investors from the arenas of Government, Military, sport and show business.Smoking out Firepower, at "Sydney Morning Herald" (January 30th 2010).

Twenty-five passengers were waiting to board as fifteen disembarked. The boarding passengers moved to one side to let the arrivals off, and this weight shift caused the float to list and then submerge. Forty people were thrown into the water and one drowned. Lawsuits were filed and won by nine of the passengers, but no payout was ever received since the ferry company had no assets.

The relevant companies signed contracts in accord with the agreements, supplemented by annual refinements specifying exact prices and volumes for the following year. Gas prices and transit tariffs were set in relationship to each other. Commercial agreements and trade relations have been non-transparent. Trade was conducted by Itera, EuralTransGaz, and since 2004 by RosUkrEnergo, a company with no assets, no track record, and no transparency about its owners.

In Ex parte Collins, the judge had held that an estate consists both of assets and of liabilities. If there were no assets but only liabilities, there could be no estate (and vice versa). Were this proposition correct, no order of compulsory sequestration could be granted where the debtor, immediately prior to the application for sequestration, had got rid of all his assets by a series of depositions.

Back at CIA headquarters, then located in Washington near the Lincoln Memorial, de Silva in 1951 briefly worked in the Foreign Intelligence Staff under the veteran Eric Timm. de Silva was appointed chief of operations in the Soviet Russia Division. At first the CIA possessed no assets (intelligence agents) in the USSR. Without much success, the CIA had been parachuting Russian-speaking volunteers into the Soviet Union, with false papers.

Videlli was delisted from the Australian Securities Exchange on 30 June 2009.Important Company Information Videlli Videlli retained a minor shareholding in Vix Technology, finally sold to Vix Holdings Ltd for $5 million in 2013. The one ordinary share had previously been reported in financial statements as having no value. As at 30 June 2014, Videlli had no assets and had a debt of $21 million to Vix Treasury.

He allegedly told the BBC that Raja's family "will never get a penny"."Nicholas van Hoogstraten: Property Tycoon Held In Zimbabwe", Sky (United Kingdom); 26 January 2008. Retrieved 11 March 2014. He explained to The Sunday Times that he had "no assets at all now in the UK", having placed those assets in the names of the five children he has reportedly fathered with a series of African girlfriends.

HYSTA华源 was established in 1999 by a group of Chinese entrepreneurs in Silicon Valley. From humble beginning as foreign students with almost no assets or connections, they became prominent business leaders in the Silicon Valley. They created HYSTA with the hope to share their experiences and knowledge with young Chinese professionals entering the business world. HYSTA华源, in Chinese, means both Chinese origin and resources for the Chinese.

Defined benefit plans may be either funded or unfunded. In an unfunded defined benefit pension, no assets are set aside and the benefits are paid for by the employer or other pension sponsor as and when they are paid. Pension arrangements provided by the state in most countries in the world are unfunded, with benefits paid directly from current workers' contributions and taxes. This method of financing is known as pay-as-you-go.

The move was made after the commission alleged that the station had broadcast false information about bond sales, diverted station operating funds, and carried out an unauthorized transfer of control. Bondholders and other creditors of KBSA were owed a collective $1.5 million by a station that had no assets or equipment—not even a telephone. A $2.2 million distress sale to a minority-owned group, Hispanic Broadcasters, Inc., was approved in March 1980.

After Hurricane Katrina, Jeezy opened his house to victims, offering those who had been displaced from their homes a place to stay. In October 2005, the mother of his 9-year-old son used his act as the basis to petition for child support. Early in the year, she had claimed that she had little income, no assets, and did not even have a house. Jeezy has a sister named Katrina Wright.

Until the "Anschluss" (German for link-up) in 1938 when Austria was incorporated into Greater Germany by Nazi Germany Schleich increased his income by smuggling flints and saccharin to Yugoslavia. After the "Anschluss" Schleich started to expand his business. As Jews were no longer welcome by other countries (due to having no assets after paying high taxes), Schleich started to teach farming. After the end of this education a certificate helped Jews to emigrate.

After the end of the war, DNL had no assets or personnel, while DDL had a single airworthy aircraft. SILA, on the other hand, had a fleet of intercontinental B-17 aircraft and started flights to New York on 27 June. By 1946, the DC-4 were gradually delivered, with three sold to Aerotransport, two to DDL and two to DNL. In Norway, the Norwegian Civil Aviation Board and the Royal Norwegian Air Force conducted all flights in 1945.

There are two parts that comprise an APO: the reverse merger and the PIPE. In the reverse merger, the private company becomes public by merging with or being acquired by a public “shell” company. The shell company is a public company that has no assets or liabilities. When the private company and public shell merge, the combined entity thereafter trades under the previously private company's name rather than the shell company's name as it did before.

Mr and Mrs Ord ran the Fox Inn in Stamford, Lincolnshire. They were in an ongoing dispute with the freehold owner, Belhaven Pubs Ltd, for misrepresentation about the level of profitability of the pub. However Belhaven Pubs Ltd was part of a company group structure that had been reorganised, and had no assets left. Mr and Mrs Ord requested that a company with money, Ascott Holdings Ltd, be substituted for Belhaven Pubs Ltd to enforce the judgment.

Mizzi said that the fund was solely intended to protect his family's assets, which include property in Malta and in London. Mizzi laid out the details of the trust and the company to the Maltese Parliament in February 2016. Mizzi had declared in March 2016 that Hearnville Inc was a shell company which held no assets. Mizzi requested that the Commissioner for Revenue and an international tax audit firm to carry out a tax audit on his assets.

Beckjord was a gifted liar according to numerous people he talked into giving him money for his endeavors. One Los Angeles woman gave him close to $40,000 in the early eighties to make a movie about the Loch Ness monster which he vacationed in Scotland with no resultant movie. She sued him and an article appeared about it in the Los Angeles Times around 1982-3 in which he shrugged off the suit with "I have no assets".

On March 11, 2012, after months of attempting to change the attitude of the ministry's board, Coleman told the Crystal Cathedral congregation that she was leaving to start a new church because of "a hostile work environment". The International Business Times reported that this came following "a bitter fallout between the ministry and its founding family". According to the Religion News Service, the founders were left with little to no assets; their home was fully mortgaged.

Later in 1909, Strunk set off for the West Coast. En route, he saw and responded to an advertisement seeking a printer for the weekly McCook Tribune. Nine months later, he and fellow Tribune employee Burris H. Stewart started their own job-printing shop, "with so few assets that they were forced to borrow money to buy ink". Six months later, in 1911, the two launched their own newspaper: the semi-weekly Red Willow Gazette, again with no assets and with heavy debts.

On 22 November 2015 the bank split into a "good" and "bad bank", the foundation lost the control on the company, which had no assets but share capital and subordinated debt. The new bank had a share capital of €141 million and a Tier 1 capital ratio of estimated 9%. While the bad loans were transferred to a single "bad bank" REV - Gestione Crediti, which was shared with Carife, Banca Etruria and Banca Marche. The transfer was completed in January 2016.

The organization was placed in a provisional status in January 1945, being re-designated as the Seattle Provisional Control Group. It controlled little or no assets, being under the Fourth Air Force 321st Wing (Special). Its mission remained the air defense of the Pacific Northwest and in July 1946, it moved from Fourth Air Force Headquarters in San Francisco, California to a location in the Seattle area. It was assigned to the new Air Defense Command upon its activation on 21 March 1946.

From 1968 to 1972 he operated the Bank of Sark in Guernsey, Channel Islands. (The bank was named for, but not located in, the neighboring island of Sark.) The bank consisted of a one-room office, a telephone, and a telex machine. He managed to get the bank published in Polk's Bank Directory to lend an air of legitimacy. He used Bahamian accountant Samuel Wilkinson to certify financial statements that showed $72 million in assets, although the bank had almost no assets.

Retrieved 29 September 2017 this occurred in October 2000. The Country Labor designation is most frequently used in New South Wales. According to the ALP's financial statements for the 2015–16 financial year, NSW Country Labor had around 2,600 members (around 17 percent of the party total), but almost no assets. It recorded a severe funding shortfall at the 2015 New South Wales election, and had to rely on a $1.68-million loan from the party proper to remain solvent.

Bankruptcy prevents a person's creditors from obtaining a judgment against them. With a judgment a creditor can attempt to garnish wages or seize certain types of property. However, if a debtor has no wages (because they are unemployed or retired) and has no property, they are "judgment proof", meaning a judgment would have no impact on their financial situation. Creditors typically do not initiate legal action against a debtor with no assets, because it is unlikely they could collect the judgment.

It survived the Prohibition era and the worst years of the Great Depression, when it was temporarily padlocked. Mori closed in 1937, and Placido Mori filed a petition for bankruptcy in early January 1938, stating that the corporation had no assets and liabilities totaling $70,000. The building formerly occupied by Mori was sold by Caroline Bussing through A.Q. Orza, broker, in October 1943. Mori's gravesite in Woodlawn Cemetery in the Bronx is marked with a sculpted memorial designed by Hood and sculptor Charles Keck.

98.8 Castle FM (formerly Leith FM) is a [radio station] station, covering the area of Scotland. The station started broadcasting on 7 May 2007 and was made available on 98.8FM throughout Edinburgh and its surrounding area as well as online. On 23 March 2012, the station changed its name to 98.8 Castle FM with the strapline 'Edinburgh's bigger local mix' serving the community of the Capital. The licence-holding company (Leith Community Mediaworks Ltd) filed accounts in 2012 as a dormant company with no assets.

In 2003 Ngati Tama were awarded $14.5 million as a final Treaty of Waitangi settlement. In 2012 the NZ Herald reported that the iwi had lost all of a $20 million investment arranged by Ngati Tama Iwi Development Chief Executive, Greg White, who resigned. The money was invested in a failed fisheries deal with an overseas firm and an Australian Firm called My Virtual Home, which had gone bankrupt, having lost $12.5 million and having no assets. It was reported the iwi had only $1 million left.

By 1932, more than 60,000 people depended on sustenance payments, known as "the susso", merely to survive. This was only for the truly destitute, who had been unemployed for a sustained period of time, and had no assets or savings. Relief was State-based; in South Australia, it was in the form of rations and vouchers.A Wife Intervenes The Mail (Adelaide) 7 August 1937 p.7 accessed 25 July 2011 At a time when the basic wage was £2/11/8d, "the susso" in Queensland was 3s.

These small sailing vessels provided an inexpensive form of entertainment. Sydney Harbour's only yacht club, the Royal Cape Breton was reaping the benefits of the increase in the number of Snipe racing enthusiasts. However, several members of the Royal Cape Breton's Snipe Sailing Fleet had become disillusioned with some of the restrictive practices of that club so they began to consider starting their own yacht club. They no assets, but they were attracted to a piece of land directly across the harbour called Shingle Point.

When the tolls were removed on 25 October 2009, drivers had paid , while the company still had in outstanding debt. As the tunnels are owned by the Norwegian Public Roads Administration, the concession has run out, and the company has no assets, the debt capital is lost for the banks. The financial difficulties was one of the main reasons that Sunnmørsbanken went bankrupt in the early 1990s. Other banks that have lost capital include Bankenes Sikringsfond, DnB NOR, Nordea, Fokus Bank, Sparebanken Møre and Ørsta Sparebank.

As Buff was traveling West through America, he went through a number of different jobs, including painting, shepherding, washing dishes, and baking. By 1907, Conrad Buff had made it to Los Angeles with no assets to his name and began to make an income through painting houses. At that time, Buff was able to purchase a piece of land and continued to paint in his free time. Between 1910 and 1913, he attended the Art Students League of Los Angeles, but again he was not fulfilled with the institution.

The financing is typically secured by all of the project assets, including the revenue-producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms. Generally, a special purpose entity is created for each project, thereby shielding other assets owned by a project sponsor from the detrimental effects of a project failure. As a special purpose entity, the project company has no assets other than the project.

If a company is unable to pay its debts as they fall due, UK insolvency law requires an administrator to attempt a rescue of the company (if the company itself has the assets to pay for this). If rescue proves impossible, a company's life ends when its assets are liquidated, distributed to creditors and the company is struck off the register. If a company becomes insolvent with no assets it can be wound up by a creditor, for a fee (not that common), or more commonly by the tax creditor (HMRC).

Her home in Saint-Leu was looted, and her instruments and manuscripts were stolen, so she arrived in the United States essentially with no assets. Her 1942 performance of Bach's "Goldberg Variations" at New York's Town Hall was the first occasion in the 20th century where the piece was played on the harpsichord, the instrument for which it had been written. NYWTS/LOC cph.3c11230. Wanda Landowska, 1953 She settled in Lakeville, Connecticut in 1949, and re-established herself as a performer and teacher in the United States, touring extensively.

But with no assets, the company had no collateral to guarantee the bonds. The CP&A; stepped in with a solution: It would seek legislation in the state of Ohio allowing it to guarantee the bonds of other railroads. The CP&A; would then guarantee the FCC's bonds, allowing a successful sale and completion of the road. As part of the deal, the FCC agreed to reserve two spots on its board of directors for CP&A; representatives. At the August 1850 meeting of the FCC's stockholders, five directors were elected.

The novel revolves around Montgomery Brewster, a young man who inherits one million dollars from his rich grandfather. Shortly after, a rich uncle who hated Brewster's grandfather (a long-held grudge stemming from the grandfather's disapproval of the marriage of Brewster's parents) also dies. The uncle will leave Brewster seven million dollars, but only under the condition that he keeps none of the grandfather's money. Brewster is required to spend every penny of his grandfather's million within one year, resulting in no assets or property held from the wealth at the end of that time.

Salander also befriends George Bland, a 16-year-old orphaned student living in a small shack and begins tutoring him in mathematics. Salander finds Bland's company relaxing and enjoyable because Bland does not ask her personal questions, and the two develop a sexual relationship. Salander uses her connections among the hackers' network to investigate Dr Forbes and learns that he was once accused of mishandling funds in his faith-based foundation. Currently he has no assets, but his wife is the heiress to a fortune worth $40 million.

One of the most common forms was the composite company, where typically up to 20 contractors became non-director shareholders. The contractors received a low salary and expenses with the remainder payable as a dividend. This method of remuneration provided many financial benefits since it avoided the payment of national insurance and income tax that would otherwise be payable if the contractor was paid entirely under PAYE (salary). HMRC grew increasingly frustrated with the use of MSCs which, when investigated, were able to liquidate (as they had no assets) and start trading under a new company the next day.

Gono is banned from travelling to the United States because of his then influential position in government-owned institutions in Zimbabwe, namely the Commercial Bank of Zimbabwe where he was the CEO and subsequently, the Central Bank where he was the Governor of the Reserve Bank of Zimbabwe. He was added to and subsequently removed from the EU's list of individuals subject to personal sanctions and the ban on travel to the EU was lifted in 2013 after he retired from Government service. He however is still on the US sanctions list. He had no assets frozen by the EU sanctions.

A logical result of the requirement that the debtor must own sufficient property to meet the costs of sequestration is that a debtor who has no assets, only liabilities, cannot surrender his estate. If it is clear that the free residue is insufficient, the court must refuse the application. The insufficiency cannot be cured by the furnishing of a guarantee, since the guarantee does not have the effect of creating an asset in the debtor's estate. If, however, it is uncertain whether the free residue is sufficient, the court may grant the application, provided a guarantee for costs has been furnished.

The Country Labor designation is most frequently used in New South Wales. According to the ALP's financial statements for the 2015–16 financial year, NSW Country Labor had around 2,600 members (around 17 percent of the party total), but almost no assets. It recorded a severe funding shortfall at the 2015 NSW state election, and had to rely on a $1.68-million loan from the party proper to remain solvent. It had been initially assumed that the party proper could provide the money from its own resources, but the NSW Electoral Commission ruled that this was impermissible because the parties were registered separately.

In 1942, Schafer started packaging and selling a product he called Gold Seal Floor Wax. He personally typed the labels by hand and taped them onto old cans in his basement and, thus, Gold Seal Company was born. In the spring of 1943, Harold resigned his job at Fargo Glass and Paint to pursue his new dream, only to discover that the few hundred dollars that he had expected to have available for the purpose of starting the company did not materialize. At that point the family had three small children, no job and no money, and his new company had no assets.

A non-profit, United Benefits Group, was incorporated to take over this service, from 2003. The reorganization process resulted in the sale of the cooperative's assets, with all creditors completely (over 100 cents on the dollar) repaid by 2006. According to JPMorgan, the liquidating trustee, unsecured creditors received $891 million, which was 104 cents on the dollar, the maximum allowed by law, and allows for interest. Before the liquidation was completed, it was accepted that no assets remained to be distributed to the members, the local cooperatives, who had to write off the loss of their equity account balances.

108 Property Partnership in Howard County, and the Victory Farm in Gaithersburg. Lawyers and trustees Eugene M Feinnblatt and Lawrence D. Coppel spent 19 years pursuing assets of Kline in bankruptcy court after the judge declared there were no assets to return to creditors. In June 1992, Kline was indicted for tax fraud in Fort Lauderdale, Florida. In 1977, Kline and three other World Trade Center architects, Irving Gershon, Howard Lazar, and Sy J. Miller, testified again under immunity for funneling money in an early 1970s tax evasion scheme involving New York Architect Leo Kornblath and Xaviera Hollander.

Self-funding involves a transfer of risk from the employee and his/her dependents to the employer directly. Self-funded health plans pay health claims out of plan assets; there is no element of traditional insurance on these programs, and the employer assumes all additional liability for claims that have not been paid by plan (trust) assets. Some health plans have no plan assets; known as an unfunded plan, a plan with no assets is funded solely from the general corporate assets of the plan sponsor. Plan assets can never inure to the benefit of the plan sponsor.

One of the most important studies of the economic impact of immigration to Canada is Morton Beiser's Strangers at the Gate. This study looked at the arrival of the Vietnamese boat people who began to arrive in Canada in 1979 to much controversy. The total number of refugees was 60,000, the largest single group of refugees to ever arrive in Canada. Beiser first studied the boat people upon their arrival, finding that few spoke English or French, that most were farmers with few skills useful in Canada, and that they had arrived with no assets with which to establish themselves.

A thread-bare committee devoted as much of their spare time to the running of the club. This proved extremely difficult, as Chairman Tony Pegg was frequently travelling internationally, Treasurer Simon 'Chappers' Chapman was suffering with cancer, and a recent University graduate was managing the media and commercial areas from his bedroom. With no assets to appeal to sponsors, attracting investment to the ailing club was virtually impossible. By the half-way point of the season, Orrell still had not won a game, and with this back-drop, the side started to break up, with players, including the club captain, moving to other clubs or off to Rugby League.

So Henry Weaver was appointed as captain but after about a day and a half at sea the crew reported Weaver as insane and had fears for his safety. Alexander Goodall, aged 18, and a son of the just deceased Captain Goodall, was chosen by the crew as master and he proceeded back to Gladstone and handed Weaver over to the authorities. Photograph of the annexation ceremony, with Weaver likely to be present By 1876 Weaver was declared insolvent by his own petition due in part "to sickness, want of employment, and pressure on the part of creditors" with a debt of £212 14s. 6d. with no assets.

This was the beginning of Orrell's demise, as players left during the summer of that year and the club were consequently relegated the season after. Ownership eventually passed from Lindsay back to the club's members, but by this point, Orrell had sold their former Edge Hall Road ground to Dave Whelan's company, Whelco Holdings, and therefore had no assets apart from their rebuilt clubhouse following a fire in 2002. Orrell never settled at the JJB Stadium, and were eventually de- professionalised at the end of the 2006–07 season. On 7 March 2005, Greater Manchester police announced that they would stop policing Wigan Athletic matches at the stadium from 2 April.

Almost all of them, however, were being captured and forced to serve the Soviets; any further information received was doctored, or worthless. One CIA operation in Russia that did meet with success involved a joint reconnaissance mission with the Navy, sending a small team to a newly built Soviet airfield in eastern Siberia. On occasion the CIA encountered the defection of a Soviet agent, which caused excitement. It required a studied response, patient observation, and a reception based on a calibrated trust. In 1955 an increase in defections kept the SR Division busy.de Silva (1978): HQ, pp. 53–54; FI Staff, p. 54; no assets, p.

Bryn Alyn Community Holdings Ltd, Company House Records No assets remained to provide compensation to victims because the assets of the company were transferred to a new company. Bryn Alyn Hall reopened as children's nursery and currently as Alyn Lodge Bed & Breakfast run by White and Evans.Alyn Lodge Ltd, Company House With the assets transferred out of the company, the victims continued with court action against the Bryn Alyn Community Holdings Ltd and their insurers. On 26 June 2001, judgment against the company was given in favour of 13 claimants against the Company, which was a hollow victory due to the lack of Company assets.

In an open letter, published as an advertisement in the New York Times, El Aissami stated: "I have no assets or accounts in the United States or in any country of the world, and it is both absurd and pathetic that an American administrative body —without presenting any evidence— adopts a measure to freeze goods and assets that I do not own at all." In 2019, U.S. Immigration and Customs Enforcement (ICE) added El Aissami to the list of 10 most wanted fugitives. On 26 March 2020, the U.S. Department of State offered $10 million for information to bring him to justice in relation to drug trafficking and narco-terrorism.

From 2001 to 2005 an international team of six historians (including Dan Michman and Peter Geiger) investigated the matter for the World Jewish Congress. Their conclusions are following. In its report, the commission concludes that the tiny state did not employ slave workers and no assets belonging to Jewish families were confiscated but the country's refugee policy was ambivalent. About 400 Jewish refugees fled during the Nazi era to find safety in the neutral Alpine principality during World War II, 235 were accepted but 165 were turned back. In addition, the principality allowed 144 Jews to become citizens “in return for high fees” during the Nazi era.

The proceedings were brought by a company called Plantagenet Alliance Limited, owned and controlled solely by Stephen Nicolay, and which The Telegraph subsequently described as "a 'front' company...with no assets, to avoid being hit with legal costs." At a preliminary hearing in August 2013 the court gave permission to the Alliance to proceed with the judicial review and granted them a full "protective costs order". Normally in UK litigation, the "Indemnity Rule" applies and the "loser" pays the "winner's" costs. The protective costs order, however, meant that the Alliance would not have to pay the Ministry's legal costs even if the Alliance lost the case.

By the Hyde Amendment, this money was ineligible for testing on pre-abortion or post-abortion tissue, which meant the state of California would need to pay back federal funds claimed by Weisberg and by any other laboratories, according to HHS inspector Richard P. Kusserow. Kusserow also stated "prior to its closing in April, 1981, [Medical Analytical Laboratories] had routinely submitted questionable billings under the Medi-Cal program, using an erroneous billing code.... the case lacked criminal prosecutive merit due to a lack of proof that the false billings were intentional. Because the laboratory was out of business, and its owner had declared bankruptcy, there were no assets against which to proceed for civil recovery".

However, some suggested that this would not be the final time that automakers would request a bailout. Dennis DesRosiers estimated that GM will go through its government loans in a couple of quarters, long before any recovery in the market. Furthermore, GM Canada president Arturo Elias had admitted to MP Frank Valeriote that GM had pledged all its assets worldwide to the U.S. government in order to secure the first tranche of a US$30-billion loan, leaving no assets to collateralize the $6 billion loan from the Canadian government. The Canadian Taxpayers' Federation noted that between 1982 and 2005, Ottawa handed out over $18.2 billion to corporations, of which only $7.1 billion was repayable, and only $1.3 billion was ever repaid.

Consider the set of equivalent martingale measures to be isomorphic to a manifold M embedded in Rm; initially, consider the situation where we have no assets and M is isomorphic to Rm. Now consider each of the underlying assets as providing a constraint on the set of equivalent measures, as its expected discount process must be equal to a constant (namely, its initial value). By adding one asset at a time, we may consider each additional constraint as reducing the dimension of M by one dimension. Hence we can see that in the general situation described above, the dimension of the set of equivalent martingale measures is m-n. In the Black-Scholes model, we have one asset and one Wiener process.

It was revealed he had received a series of loans totaling $50,000 made by the father-in-law of a friend, while Hobert himself had no assets and no specific payment The story broke in early November 1992, when the top-ranked Huskies were and on a 22-game winning they lost three of four games to finish This cost Hobert his college eligibility, and was an aggravating factor in the university receiving Pacific-10 Conference sanctions for lack of institutional control; it led to head coach Don James resigning in protest in August 1993 over a two-year bowl ban. Although several other Huskies players were implicated in improprieties, Hobert became the most well-known face of the sanctions, leading to him receiving death threats.

The judge ordered Keating to pay restitution of $122 million to the government, but Keating said he was $10 million in debt and had no assets to sell. One case filed by the U.S. Securities and Exchange Commission was settled in 1994: Keating said he was bankrupt but agreed to repay millions should any hidden assets be discovered. A third case filed by the Resolution Trust Corporation resulted in a summary judgment of $4.3 billion against Keating and his wife in 1994, the largest judgment ever against a private person. The judgment was overturned on appeal in 1999, on grounds that Keating could not be held personally liable to the government without a specific criminal conviction or some other decision at trial.

Burke and Lee County State's Attorney Henry Dixon said the state charges, which carried a minimum of six years per count, were a backup in case Crundwell was acquitted on the federal charges. The state charges were dropped in April 2013. Dixon's successor as state's attorney, Anna Sacco-Miller, said that it did not make sense to spend taxpayer money on prosecuting Crundwell, as there were virtually no assets left for the state to seize (though Dixon had initially said he had no plans to seize assets from her). Sacco-Miller also said that because Illinois sentencing guidelines require state and federal sentences to run concurrently, Crundwell would likely serve out any sentence imposed at the state level while she was still in federal prison.

Notably, Houghton Mifflin agreed to pay all the expenses for seeking a copyright injunction, and subsequent legal fees would be split between the two companies.Barnes and Barnes, pp. 88–9 To counter Stackpole's claims that sales of its translation would go to the Third Reich, Reynal contacted the various boycott committees and pledged all profits above their legitimate expenses would go to a charity for refugees. However, no assets could be touched for the Reynal and Hitchcock edition, including royalties or charitable donations, until the legal issues were settled. As it happened, the legal battle did not finally end until October 25, 1941. After deducting $11,500 for legal costs, Houghton Mifflin was prepared to give $11,500 to Curtis Brown to pay to their client, Eher Verlag.

Jenkins v. Commissioner, T.C. Memo 1983-667 (U.S. Tax Court Memos 1983) at 4. By mid-1970, Conway Twitty had 43 Number 1 hit records. In 1968, Twitty Burger, Inc. was formed by Conway, along with approximately 75 friends and business associates who invested money in Twitty Burger for the operation of Twitty Burger Fast Food Restaurants.Jenkins v. Commissioner, T.C. Memo 1983-667 (U.S. Tax Court Memos 1983) at 6. Late in 1970, Twitty Burger began to encounter financial difficulties and nearly every Twitty Burger restaurant was closed by 1971.Jenkins v. Commissioner, T.C. Memo 1983-667 (U.S. Tax Court Memos 1983) at 9. Although he had no assets with which to pay the debentures, Conway decided to repay the investors the amount of their investments with future earnings.

Even worse, Jane discovers that because their pension and all of their savings and investments were in Globodyne's now-worthless stock, they now have no assets and face possibly losing their home. Dick and Jane then accept low paying work, but they prove unable to keep their jobs, and after having their utilities cut off, they resort to selling their personal property and taking off-the-books work to stay afloat, the latter resulting in Dick getting arrested and deported, necessitating his illegal re-entry. When the family is given a 24-hour eviction notice, Dick, tired of being screwed around after doing everything right, decides to turn to a life of crime and persuades Jane to follow him. After a few mishaps, they finally manage to rob a head shop, and with newfound confidence, they proceed to get better at armed robbery.

In a tense late night meeting, which included Franken, Saade, the Drobnys, Mark Walsh and other investors, the company found out that it had virtually no assets. It asked David Goodfriend to operate the company while a reorganization was planned and new funds were raised. Subsequently, the company had a number of acting CEO's, including outside investor Doug Kreeger and Jon Sinton for a short period. As part of a reorganization, the Progress Media board of directors bought the assets of that company, creating a new company, Piquant LLC; at around the same time, the company decided to stop trying to buy radio stations and lease air time, and to allow affiliates to carry programming outside of the network's offerings. On February 28, 2005, a new CEO, Danny Goldberg, was named, and in April 2005, Gary Krantz was named president of the network.

Conrail knew that there was lead paint on the bridge, permits for demolition might be difficult to obtain, and demolition costs would be high. Later in 1984, Conrail advised Pevsner to take title of the bridge in a shell corporation, with no assets but the bridge and no funds to pay for necessary insurance and maintenance: the railroad just wanted to be rid of the bridge, whatever the ethics of such disposal. This decision was made personally by then-Conrail Chairman L. Stanley Crane, at a time when Conrail was owned by the U.S. government. Pevsner refused, and let his option expire on November 1, 1984. One day later, on November 2, 1984, Conrail sold the bridge for $1 to a group of investors from St. Davids, Pennsylvania called Railway Management Associates to "get it off the books".

Promotion of the game at E3 2013 Killzone Shadow Fall was seen by Guerrilla Games as an opportunity to revitalize the franchise, since it was established early in development that they would be working on a new platform. The main point during development was to give players more options on how to proceed, particularly during the single-player mode. According to Guerrilla Games, the original size of Killzone Shadow Fall was 290GB because the game has no assets designed for lower spec systems. The demo of Killzone Shadow Fall shown during the PlayStation 4's announcement only used 4GB of memory – not the full 8GB GDDR5 RAM available to developers in the final hardware, Guerrilla has revealed. According to the studio, 3072MB (3GB) of the PS4's 8GB were dedicated to video resources powering the demo, with 1,536MB used for system resources. A further 128MB were shared between the two.

Ideas from the Deep's first royalty check from Apogee in January 1991 for US$10,500 convinced them that they no longer needed their day jobs at Softdisk but could devote themselves full-time to their own ideas. Hall and Wilbur were concerned about the risk of being sued if they did not break the news gently to Softdisk, but Romero and John Carmack were dismissive of the possibility, especially as they felt they had no assets for which they could be sued. Shortly thereafter, John Carmack was confronted by their boss, Softdisk owner Al Vekovius, who had become suspicious of the group's increasingly erratic, disinterested, and surly behavior at work, as well as their multiple requests for computer upgrades. Vekovius had been told by another employee that the group were making their own games, and he felt that Carmack was generally incapable of lying.

Where he once again added more silverware to Hamilton`s cabinet by successfully defending their Western Conference title for the third year in a row. The achievement allowed the Thunder Crew a bye to the semi-finals, where the club would face the Oakville Blue Devils - unfortunately Hamilton were deprived of five core players from the starting lineup because the players were affiliated with the Woodbridge Azzuri which consequently discontinued their association with Hamilton resulting in a shortage of players for the club which led to their defeat to Oakville. Once more Hamilton was without controversy as the club was forced out of Brian Timmis Stadium due to unpaid rental fees with a debt over $26,074.21 over several years, which resulted in team to relocate to the Ontario Soccer Centre in Vaughan. During the 2005 playoffs, the Hamilton Spectator revealed that Italo Ferrari, thought to be the owner of the team, was involved in personal bankruptcy proceedings with no assets, and debts of $2 million; Ferrari claimed to in fact not be the owner.

Dennis DesRosiers estimated that GM will go through its government loans in a couple of quarters, long before any recovery in the market. Furthermore, GM Canada president Arturo Elias had admitted to MP Frank Valeriote that GM had pledged all its assets worldwide to the U.S. government in order to secure the first tranche of a US$30 billion loan, leaving no assets to collateralize the $6 billion loan from the Canadian government. The Canadian Taxpayers' Federation noted that between 1982 and 2005, Ottawa handed out over $18.2 billion to corporations, of which only $7.1 billion was repayable, and only $1.3 billion was ever repaid. Chrysler vice-chairman and president Thomas W. LaSorda (himself the son of a CAW official) and Ford's chief of manufacturing Joe Hinrichs said that the GM-CAW deal was insufficient, suggesting that they would break the CAW's negotiating pattern set by GM. LaSorda told the House of Commons of Canada finance committee that he would demand an hourly wage cut of $20, suggested that Chrysler may withdraw from Canada if it fails to achieve more substantial cost savings from the CAW.

The Court also found that although Ryan had not attempted to execute judgement on the Krug and Spieth estates, it was because she knew there were no assets, so an action to execute judgement would be useless. Noting the legal maxim that the law does not require a meaningless act, and finding that there were issues of equity involved, the state Supreme Court found that Ryan did have adequate grounds for the suit to be filed, no matter how poorly the initial documents had been drafted. Sympathetic to Ryan and her new attorney, the Court issued an unusual decision: the justices upheld most of the reasons for the trial court's dismissal, but also created a remedy for Ryan's alleged wrong: they remanded the case back to the lower court and did not fully affirm the dismissal; the law contained a possibility to allow the complaint to be amended to remove the objectionable sections, and so the District Court was instructed to give Ryan's new attorney 30 days to amend the complaint and re- file it so that the case could go forward, but if the new attorney did not properly amend the complaint, then the dismissal would be affirmed.

Furthermore, the game had to be recoded to change optimizations that were made for the PlayStation 2 version; Svensson stated that "part of the reason we didn't show it until we started showing it was because, if we showed it in a form that was anything less than near-perfect, people were going to freak out". Ready at Dawn's creative director Ru Weerasuriya later reflected that porting Ōkami to the Wii was a challenging task—"we started with no assets and literally reverse-engineered the whole thing back onto the Wii"—they did out of love for the game, but the level of effort would preclude them from attempting such a port again. In November 2007, Svensson said that the engine had been ported to the Wii, writing that "There are still several systems getting set up properly but there's most definitely a Wii-driven Amaterasu running around Wii-rendered environments as we speak." A listing posted at Capcom's website for the game on 15 February 2008 revealed that the Wii version would support 480p and widescreen output, and IGN confirmed that the motion sensing of the Wii Remote would be used to perform the Celestial Brush features within the game.