Insolvency administrator: Difference between revisions
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{{a|g|[[File:Ironmountainbox.jpg|thumb|Your whole 25 year professional career boiled down, yesterday.]]}} | {{a|g|[[File:Ironmountainbox.jpg|thumb|center|Your whole 25 year professional career boiled down, yesterday.]]}} | ||
The obsequious<ref>He’s not really obsequious but it just seemed like the right word. It flowed. You know?</ref> fellow who comes in when all your employees are wandering around the plaza outside the office clutching an [[Iron Mountain]] box full of gonks, [[tombstone]]s, photos of pets, and out-of-date copies of that shitty [[FT book about derivatives]]. | The obsequious<ref>He’s not really obsequious but it just seemed like the right word. It flowed. You know?</ref> fellow who comes in when all your employees are wandering around the plaza outside the office clutching an [[Iron Mountain]] box full of gonks, [[tombstone]]s, photos of pets, and out-of-date copies of that shitty [[FT book about derivatives]]. | ||
Revision as of 10:53, 11 June 2020
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The obsequious[1] fellow who comes in when all your employees are wandering around the plaza outside the office clutching an Iron Mountain box full of gonks, tombstones, photos of pets, and out-of-date copies of that shitty FT book about derivatives.
His, or her, job is to sort out all your contracts, close out the derivatives (cherry-picking your valuable in-the-money trades where possible of course!), liquidate all your assets and distribute the proceeds the line of creditors presently queuing around the block.
It sounds easy but there is a lot of devil in the detail.
References
- ↑ He’s not really obsequious but it just seemed like the right word. It flowed. You know?