It must be stressed that not ALL Arizona organizations are bad information. Fast exchange of the resources and a good reputation of a organization can make sure a continual of company - and occupation for most, if not all, of employees. Also, it is stated that it maximises the realisation of the resources, to the creditors' benefits (sic). However, it is essential to the 'rising' that all the lenders are remaining with are the liquidated resources .

For those who are unacquainted with 'Phoenix' organizations, let us describe. When a Device or Liquidator offers the resources of a unable company returning to the individuals who ran the display when it unsuccessful, the resulting new company is termed as a State of phoenix ( az ) - because it 'rises from the ashes' of the old one.

In this respect, readers may already know that the government is well on the way to surrendering its preferential creditor status in liquidations. Hurrah for common sense!

What sticks in the throats of many creditors are those cases when a receiver is appointed after a company fails and then before the creditors are aware that they have a problem, the company has changed its name (to, for example FDG Realisations Ltd) and a new, shelf company has changed its name to 'Original Company Ltd' and, to all intents and purposes, continues to trade.