Ex.3. Match words from list A with words from list B that have a similar meaning.

A	B
bankrupt appoint voluntary option go bankrupt receiver rescue	save liquidator go bust optional alternative designate insolvent

Ex.4. Find suitable opposites to the following words and phrases:

voluntary, bankruptcy, successful, to go out of business, debtor, to dismiss.

Ex.5. Match the nouns in the left-hand column with the verbs in the right-hand column:

bankrupt insolvency liquidation

be put into go into become go avoid declare

Ex.6. Complete the following sentences with either "bankrupt" or "bankruptcy".

1. Years of mismanagement had left the region virtually … .

2. Several local companies have gone … .

3. The firm I work for is facing … .

4. The company is … .

5. Many of the companies that they had invested in went … .

6. … can be involuntary or voluntary.

7. The recession led to a flood of … .

8. The company declared … in 2006.

9. Involuntary … is initiated by creditors.

10. The newspapers accused the government of being … in ideas.

Ex.7. Look at the words and phrases in the box. Match them with the correct definition from the list below.

1. the state of being unable to pay your debts;

2. a person or an organization that you owe money to;

3. the person appointed by the court to close a company and dispose of its assets;

4. to become bankrupt;

5. to save someone or something from prison, danger, etc.

6. the closing of a company that has stopped trading, usually because it has gone bankrupt;

7. a bankruptcy procedure initiated by an individual or business that can no longer meet its financial obligations;

8. a bankruptcy procedure initiated by creditors.

Ex.8. Find words in the text which have a similar meaning to the informal words and phrases listed below:

s go under;

s go to the wall;

s crash;

s fold;

s collapse.

Ex.9. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

1. The firm I work for is facing … .

2. Several local companies have gone … .

3. The owner of the small business became … during the recession.

4. The company has gone bankrupt and can’t pay its … .

5. One of the company directors was appointed … .

6. The company has decided to take … .

7. It will take years … all his debts.

8. His company is … bankruptcy.

9. Small businesses in Great Britain are currently … at a rate of one every six minutes.

10. Their business is so unsuccessful. I think they are considering … .

going bust, on the verge of, to pay off, voluntary liquidation (2), liquidator, creditors, insolvent, bankrupt, bankruptcy.

Date: 2015-12-11; view: 1364

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Ex.8. Fill in the missing prepositions and adverbs.	\|	Ex.5. Match the nouns in the left-hand column with the verbs in the right-hand column.

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