What is a phoenix company?
3:13
YouTubeChris Worden at Director First
What is a phoenix company?
A phoenix company is an informal term for a new company that has been expressly formed to continue the business of an insolvent company that has ceased to exist. So-called because the company has been reborn from the ashes of its predecessor. Provided that the new phoenix company has purchased the old company’s assets at market value, then it ...
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Phoenix Arizona
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