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asset-stripping

British  

noun

  1. commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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He described the plans as an "asset-stripping business plan" that will lead to the break-up of the company.

From BBC Oct. 12, 2022

Owners Colin Goldring and Jason Whittingham have been accused of asset-stripping the Warriors, whose men’s team has been in the Premiership since 2015.

From Seattle Times Oct. 12, 2022

Mr Browder rightly assumed that he had overstepped the mark in his lambasting of Russian tycoons for corruption and asset-stripping.

From Economist Jan. 29, 2015

He portrayed himself as a legitimate multi-millionaire businessman when in fact he was a bankrupt who made his living by asset-stripping companies which were in financial difficulty.

From BBC May 17, 2013

Separately, the allegations of asset-stripping are both outrageous and completely and utterly untrue.

From The Guardian Jan. 7, 2011

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