Success and failure – Practice 2
Fill in the gaps with the appropriate word or phrase in the correct form.
- He is one of our biggest and owes us 4 million CZK.
- Many believe that her father on a cash pile and so they keep on asking her for money.
- We need to reorganize our finances so we're for bankruptcy.
- The new CEO failed to turn the company round and last month it defaulted its huge $1.2 million debt.
- They were and could not find any money to pay for the redundancy package and any of their debts.
- It was a disastrous year in which the company had to off $270 million in investments.
- There's no hope of finding anyone to save the company so it will be put liquidation next week.
- The Australian mining company said it was facing after discovering its mines might not have enough gold to pay back loans.
- Our US office works with a system where a company in difficulty can get from its creditors, giving it time to reorganize and pay off debts.
- It became clear that we hadn't up enough reserves to deal with such a complex financial situation.