liabilities

Her father ran a haulage business in Strasbourg, France for many years but the company was liquidated in 2020 and had more assets than liabilities at the time.

However, the responsibility of any taxpayer for reporting their tax returns and settling their liabilities rests ultimately on themselves alone.

The liquidation order came after the company was unable to offer a workable plan to shed billions of dollars of overseas liabilities.

Tati Simonian, spokesperson for the city, said Santa Monica’s financial woes have been “compounded by unprecedented legal liabilities, potential tariffs and funding uncertainty from shifts in federal government policies.”

What if L.A.’s so-called flaws — its low density, car culture and decentralized sprawl — weren’t liabilities in a changing world, but underappreciated assets?