11.   It was shut down by federal regulators and the company is being liquidated, according to SEC officials.

12.   Its board voted unanimously to liquidate company and distribute assets to shareholders.

13.   On the other hand, no lender is seeking to liquidate the company, another option available to creditors.

14.   One person familiar with the situation said Federated decided it could get more value out of Magnin by liquidating the company.

15.   Some banks and creditors prefer to quickly liquidate the company and sell off its assets, avoiding the rapid depletion of its cash.

16.   Some vultures liquidate companies just to collect the cash in the till.

17.   The companies were eventually liquidated.

18.   The Billerica, Massachusetts, company also said it hired Lawrence Ramaekers, a specialist in turning around or liquidating troubled companies, as interim chief executive.

19.   The company is being liquidated at the request of the Securities Investor Protection Corp., a non-profit operation that tries to protect customers when brokerages are in financial trouble.

20.   The company was liquidated for more than creditors expected, he noted.