Insolvency administrator: Difference between revisions
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{{a|g|{{image|Ironmountainbox|jpg|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 | {{a|g|{{image|Ironmountainbox|jpg|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around the plaza outside the office clutching [[Iron Mountain]] box full of gonks, [[tombstone]]s, photos of pets, and out-of-date copies of that [[FT book about derivatives]]. | ||
His, or her, job is to sort out all your [[contract|contracts]], close out the [[derivatives]] ([[cherry-pick]]ing 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. | His, or her, job is to sort out all your [[contract|contracts]], close out the [[derivatives]] ([[cherry-pick]]ing 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. | It sounds easy but there is a lot of devil in the detail. | ||
==== Likes ==== | |||
* [[Cherry-pick|Cherries]] | |||
* [[Aleatory contract]]<nowiki/>s | |||
* [[Avocat à la cour|Belgian netting lawyers]] | |||
==== Does not like ==== | |||
* Derivatives (in MENA jurisdictions) | |||
{{Sa}} | {{Sa}} | ||
*[[Insolvency]] | *[[Insolvency]] | ||
Latest revision as of 11:06, 26 February 2024
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The obsequious[1] fellow who comes in when all your employees are wandering around the plaza outside the office clutching Iron Mountain box full of gonks, tombstones, photos of pets, and out-of-date copies of that FT book about derivatives.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.
Likes
Does not like
- Derivatives (in MENA jurisdictions)
See also
References
- ↑ He’s not really obsequious but it just seemed like the right word. It flowed. You know?