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Examples
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The FSA makes much noise about how it dislikes phoenixing and the change of control process is an in-depth one, but it is one built on good business sense and common M&A transactions.
unknown title 2009
bilby commented on the word phoenixing
"A fortnight ago, the real estate giant Ray White was doing its best to distance itself from one of its own franchises in Sydney's Eastern Suburbs.
Now it has cut Ray White Randwick loose.
The case hit the headlines when an ABC investigation revealed that the franchise had liquidated a service company used to pay staff and other businesses costs.
Some experts described the liquidation as an apparent case of phoenixing, where a company is liquidated and another company takes its place but free of debts."
- Simon Santow, Ray White axes branch amid phoenixing claims, theage.com.au, 1 Dec 2010.
December 2, 2010
fbharjo commented on the word phoenixing
wingdexing (windexing-debtflight) might be word to describe this phenomenom. Or ramage damage control.
December 2, 2010