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liquidate
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China Evergrande ordered to liquidate, owing $300B
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis.
Banks seek to liquidate collateral
Banks are quickly putting up borrowers’ loan collateral like land, factories, machinery, and cars for sale after Tet, the nine-day Lunar New Year festival ending Feb. 6.
Banks race to offload expensive property as bad debt buyback looms
Many banks are looking to sell mortgaged assets as they prepare to buy back bad debt from the state.
May 5, 2019 | 06:00 pm PT