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Bankruptcy in sentence

561 examples of Bankruptcy in a sentence

That is why bankruptcy courts and bonds with collective-action clauses (CACs) seek to impose on all bondholders, including potential holdouts, agreements accepted by a qualified majority of creditors.
PDVSA may nonetheless be entitled to bankruptcy protection both in Venezuela and in the US.
This renewed decline in debt discipline reflects the socialization of potential bankruptcy costs among all eurozone countries by way of establishing joint-liability mechanisms.
When one of the US states runs up too much debt, creditors become jittery and austerity measures are introduced to avert the risk of bankruptcy – as has happened in the past few years in California, Illinois, and Minnesota.
High interest rates, rather than inspiring confidence, have raised the specter of widespread bankruptcy.
They need to listen to and learn from Dick Sylla about Alexander Hamilton’s bank rescue of 1825; from Charlie Calomiris about the Overend, Gurney crisis; from Michael Bordo about the first bankruptcy of Baring brothers; and from Barry Eichengreen, Christy Romer, and Ben Bernanke about the Great Depression.
In 1933, his Lord Brothers Shoe Company in Brockton, Massachusetts, was facing imminent bankruptcy.
However, this would overwhelm the OMT program’s stabilizing effects, which rest on the assumption that the ECB, not private investors, would foot the bill should a country declare bankruptcy.
But, as it turned out, the mutualization model – used again in 1813 during the second war against the British – fueled a credit bubble, which collapsed in 1837 and thrust nine of the 29 US states and territories into bankruptcy.
This would lead to greater discipline among the eurozone’s indebted countries and save Europe from a debt avalanche that could ultimately drive currently solvent states into bankruptcy and destroy the European integration project.
One reason was that in 1999 almost 10,000 loss-making Russian enterprises were put into bankruptcy.
The Atlantic alliance must not become a chain letter -- some Ponzi scheme that escapes bankruptcy only by signing up new members.
Essentially, this is a form of bankruptcy, but with more administrative discretion (and presumably more protection for depositors) than would be possible in a court-supervised process.
In dozens of other countries where JP Morgan operates subsidiaries, branches, or other kinds of business, there would be “plain vanilla” bankruptcy – while some governments would jump in with various ad hoc arrangements.
On September 16, 2008, a few days after the run on the US bank Washington Mutual began and the day after the Lehman Brothers bankruptcy was announced, a major United States money market fund, Reserve Primary Fund, which had invested in Lehman debt, was in serious trouble.
In particular, experts like Hoenig who have thought about the cross-border dimensions of bankruptcy emphasize that it simply would not work for a corporation the size of JPMorgan Chase ($3.7 trillion in assets), Bank of America ($3 trillion), or Citigroup ($2.7 trillion).
Moreover, there are no international bankruptcy laws to govern such matters and prevent the grabbing of assets.”
I would add that the chance of bankruptcy courts cooperating across borders in this context is nil.
Second, bankruptcy reform is needed to allow homeowners to write down the value of their homes and stay in their houses.
Stronger bankruptcy laws, for example, would enable Chinese banks and state authorities to enforce credit discipline, pushing weak or failed borrowers out of the system.
Yanukovych, too, won an election, but he will be remembered mostly for the bloodshed he unleashed, the bankruptcy that now faces Ukraine’s economy, and, of course, his private zoo and stable of Ferraris.
To some, all of this is reminiscent of what happened in Russia, where the rule of law – bankruptcy legislation in particular – was used as a legal mechanism to replace one group of owners with another.
When this new bankruptcy law was passed, no one complained that it interfered with the sanctity of contracts: at the time borrowers incurred their debt, a more humane – and economically rational – bankruptcy law gave them a chance for a fresh start if the burden of debt repayment became too onerous.
America has a special procedure for corporate bankruptcy, called Chapter 11, which allows a speedy restructuring by writing down debt, and converting some of it to equity.
When the 2005 bankruptcy law was passed, lenders were the beneficiaries; they didn’t worry about how the law affected the rights of debtors.
The consequences of the lack of a common treasury first became apparent after the bankruptcy of Lehman Brothers in 2008, when governments, in order to prevent financial markets from collapsing, had to guarantee that no other systemically important financial institution would be allowed to fail.
Crony capitalism, corruption, weak rule of law, lack of transparency, inadequate financial regulation and prudential supervision, poor corporate governance, non-enforcement of bankruptcy procedures, an insufficiently open capital account, overly-ambitious industrial policies -- these were the features of Asian countries that supposedly precipitated the Asian financial crisis.
For example, we appointed an independent judge to take over the bankruptcy and corruption courts, because career judges were too tainted.
In a domestic setting, bankruptcy and default are common.
Indeed, one characteristic sign of economic vitality is the frequency of bankruptcy, for business failures indicate a willingness to gamble and take risks on innovation.
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