Lehman Brothers Financial SA (LEHNQ)

[yx88hc]

Is liquidation the end?

"It is commonly considered that the liquidation process signals the end of the company, but for some people, liquidation only begins another business venture. After liquidation, a company can choose to gather the same partners and form a new company bearing another name, but still offer the same type of products and services."

http://www.wisegeek.com/what-happens-during-the-liquidation-process.htm

"The assets of the business are sold and the proceeds distributed among the creditors the business owed. The debts are forgiven, but the business doesn't really have anything left. However, this doesn't necessarily mean that a new business can't be started or that the existing business can't find a new lease on life after a Chapter 7 bankruptcy."

http://bankruptcy-law.freeadvice.com/bankruptcy-law/business_bankruptcy/chapter_liquidation.htm