31.  In the past, China would simply have repaid creditors of a failed state company.

32.  Last October, Edwards was acquitted of charges stemming from the liquidation of a failed insurance company.

33.  SEC Secretary-General Pakorn Malakul Na Ayudhya said it is up to the board how to handle the securities licences held by the failed companies.

34.  The bank, once operational, will buy the good assets of the failed companies for auction later.

35.  The law also enables a quicker revival of failed companies.

36.  The plan to punish the executives of the failed companies was disclosed by Chat Thai Party leader Banharn Silapa-archa Monday.

37.  The proceeds from the auction will go to pay the debts of the failed companies.

38.  The proceeds of the auction will go to pay the debts of the failed companies.

39.  The remaining assets will undergo the debt-restructuring process aimed at reducing the debt-to-equity ratio of the failed companies.

40.  To make the failed company more attractive to bidders, the creditor banks had earlier offered to write off nearly half of the debt.