Examples of non-taxable exchanges include like kind exchanges, partnership liquidations, and corporate reorganizations. Risk arbitrage or merger arbitrage includes such events as mergers, acquisitions, liquidations, and hostile takeovers. These include most formations and some types of mergers, acquisitions, and liquidations. By 1999, the railroad was liquidated and privatized, with the last liquidations occurring in 2007. This mainly occurs during voluntary liquidations of solvent corporations. This is usually the case in bankruptcy liquidations. There are certain anti-abuse rules to avoid the engineering of losses in corporate liquidations. This gang is suspected of facilitating liquidations by stealing cars and reselling them. In 2009, Steve & Barry's and Virgin Megastore were closed due to their chains' liquidations. The official receiver handles the liquidations of companies that have failed. Participation in liquidations in venture capital fundraising has slowly come out of trend. The former company operated under the name SSI Liquidations. Morales was later appointed Director of Liquidations at the Provincial Insurance Institute. Liquidations prior to maturity may be less than the initial principal amount invested. A vivid illustration of the consequences of these forced liquidations is given by Lowenstein (2000).