However he still had £20,225 capital in the business, and remained optimistic of retrieving past losses.
For example, the company will be able to use past losses to offset taxes.
The lawsuits might be settled if more past losses were mutualised.
The company is allowed to use past losses to reduce its tax liabililty.
In 1996 the ongoing Lloyd's was separated from its past losses.
"Our attitude is good, we've worked five months to get here, and we want to put the past losses in perspective," Walsh said.
They are getting better - the past five losses have come by a total of 18 points.
Last week's game began for St. Joseph like so many past losses have.
The 1990 quarter was helped by a $52 million tax benefit from past losses carried forward.
Counseling and support groups can also help you work through unresolved grief from a past loss.