Japan Airlines' share price touched an all-time low after Japan's transport minister did not rule out a liquidation of the debt-laden carrier.

在日本交通大臣取消对负债累累的日本航空公司的债务清除计划，之后该公司的股票价格跌倒历史最低点。

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The company's debt serving ability relies more on the assets condition, especially the liquidation of the company.

公司的偿债能力更多地建立于公司现实的资产状况，尤其是公司可变现的资产之上。

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The analyst even said that the extension is a positive in that the holders of the notes are continuing to work with the company on the liquidation of the underlying mortgage-backed securities, which are serving as collateral for the debt.

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Furthermore, the notion that they have the security of a debt instrument is usually a fallacy rarely is there any liquidation value when an early-stage company fails.

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