For this assignment, one is to write a 1,500 (maximum) word memo in MLA format (both paper layout and referencing) to determine the both the costs to society and the business opportunity generated by All Service Corp (not a real company) registering a NOI and they are going to liquidate in 30 days after that date. The NOI is expected to be registered within the next two weeks.

All Service Corp is a Canadian owned corporation in the restaurant business. They own 5 major restaurant chains and these brands operate mostly through franchised operations and the franchisees lease their own locations. Approximately 10% of the restaurants are leased by the Corporation. All of the restaurants are purpose built, meaning it would cost a new occupant a substantial amount of money to change that local from a restaurant to any other type of retail establishment. The scope of their operation is large as every urban area with more than 50,000 people would have at least 2 of these brands present. With the Covid-19 mandated closures and restrictions on operations, All Service Corporation has seen their profits replaced by losses. These losses are on-going and are getting to a state where liquidation through bankruptcy is the best option.

It should be noted that the company has the following benefits (still in existence) for their employees and retirees:

• a defined contribution pension plan,
• excellent medical, and dental insurance coverage,
• a retirees card entitling the retiree and 1 guest to 25% of the cost of the their food,
• a tuition assistance plan, and
• an option for employees to invest in the companys common stock at a discount to the market value.

The basics of the corporations financial position are identified below:

• bond issuance $890,000,000
• unsecured bond issuance $645,450,000
• equity shares issued that pay a 1% dividend (decreasing share value every day)
• the corporation has current debt and ongoing payments that is larger than their cash holdings and their ability to raise new capital, and
• Current assets (illiquid) total approximately $120,000,000.