Borrowing the money to make up for the losses and to continue his current obligations only prolonged the inevitable.
A company showing a profit in the accounts may suddenly be unable to meet its current obligations.
He said the sale would meet 'current financial obligations' concerning the estate.
Other companies are preoccupied with their current obligations for retiree health.
The company is restructuring because it cannot meet its current obligations and has little cash on hand, according to public filings.
Can a volunteer army provide all the personnel needed to sustain a new war and meet current military obligations?
This filing relieved them of all current financial obligations including property taxes.
When rates go up, the future value of current obligations goes down and money invested in bonds generates a higher return.
General Motors was out of control and had to borrow $83 million in short-term notes to meet its current obligations.
The notes were issued to pay current obligations and could be called by levying taxes at a later time.