There's liquidation.

He was declared insolvent.

But we're assuming liquidation.

So that's Chapter 7 liquidation.

Which means that they are insolvent.

You are illiquid, but you're not insolvent.

Mr. Donaldo, we're accepting contributions for Mr. Brewster since he's currently insolvent.

But just to understand kind of a simplified scenario, let's take liquidation into consideration.

And then the other type of bankruptcy is liquidation, where they say, you know what?

Anyway, in the next video I'll cover this was liquidation, where we just say this isn't worth running.

One in which we stop treating the planet as if it were some kind of business in liquidation.

If this is worth zero, if these 2 billion are actually worth zero, then this is an insolvent company.

And do not make your hand as chained to your neck or extend it completely and thereby become blamed and insolvent.

We should call it what it is a business in liquidation, a business that's quickly eroding ecological capital that makes that very production possible.

And if I wanted to somehow get the value of this I have to wait for all of Bank A's assets to go into liquidation.

And bankruptcy protection is admitting I am insolvent, which means that there's no way that I'm going to be able to unwind all of my liabilities.

And just to give you a little bit of a preview, it essentially says, how much of a cushion do you need to have, before you're insolvent

The covenants say, if you don't pay a loan within this amount of time or some other thing happens to your financials, you are then declared insolvent and you go into bankruptcy.

In recent historic times, about 96 percent of the Coast Redwood forest was cut down, especially in a series of bursts of intense liquidation logging, clear cutting that took place in the 1970s through the early 1990s.