Bankruptcy
in sentence
561 examples of Bankruptcy in a sentence
Today, there is a higher level of
bankruptcy
in the United States than in the European Union, and it is easier for bankrupt Americans to embark on new ventures.
But in the history of international finance over the past sixty years,
bankruptcy
and default are almost unheard of.
Politicians reacted by devising an international financial system after WWII in which default and
bankruptcy
were more or less impossible.
The whole point of crisis management was to avoid risks to the system and thus
bankruptcy.
This would give the authorities room to address the country's daunting longer-term policy agenda--including a major reform of the costly pension system, an overhaul of the tax system, and strengthening the
bankruptcy
framework--that Brazil must face in order to boost competitiveness.
Yet most big banks have repeatedly failed to produce plausible plans explaining how they could fail in
bankruptcy
without any government assistance and without damaging the world economy, and none has faced meaningful consequences for noncompliance.
It is a telling commentary on the moral
bankruptcy
of the UN that this decision comes at so delicate a time for the organization.
Regulators are instructed, in no uncertain terms, to make sure that all large financial firms are structured in such a way that bankruptcy, using the standard rules and procedures of the court system, can happen without repeating the catastrophic post-Lehman cascade.
The Republican proposal is to modify the
bankruptcy
code, creating special provisions for large, complex financial institutions.
And a large loan – in the tens of billions of dollars – provided by the US Treasury to a
bankruptcy
court judge is unlikely to be politically acceptable or economically sensible.
Finally – and most fatally – the
bankruptcy
of any large US financial firm today would induce a scramble for assets by regulators around the world.
But such agreements do not apply to a court-run
bankruptcy
process; authorities everywhere would move to protect local creditors and taxpayers by seizing assets in their jurisdiction.
The only reasonable alternative is to make large, complex financial institutions smaller and less complex so that it is possible for them to fail under standard
bankruptcy
rules.
This was especially true for European farmers, who responded to their sudden impoverishment and
bankruptcy
with the same sort of populist politics that featured so prominently in 2016.
With several banks in the crisis countries on the verge of bankruptcy, many of these loans have now turned toxic.
But a recent New York court ruling against Argentina in a case brought by a holdout hedge-fund creditor has dramatically raised the stakes of sovereign default and
bankruptcy.
No BrexitLONDON – Among the multiple existential challenges facing the European Union this year – refugees, populist politics, German-inspired austerity, government
bankruptcy
in Greece and perhaps Portugal – one crisis is well on its way to resolution.
Businesses are also reluctant to borrow, because they recall how previous increases in inflation – and thus in interest rates – pushed otherwise healthy companies into
bankruptcy.
A new management was bought in through the market; unions struck; management filed for bankruptcy, sold planes and gates.
Such episodes are bad for everybody – workers who lose their jobs, entrepreneurs and equity holders who lose their profits, governments that lose their tax revenue, and bondholders who suffer the consequences of
bankruptcy
– and we have had nearly two centuries to figure out how to deal with them.
Keynes begged the policymakers of his time to ignore the “austere and puritanical souls” who argue for “what they politely call a ‘prolonged liquidation’ to put us right,” and professed that he could “not understand how universal
bankruptcy
can do any good or bring us nearer to prosperity.”
Many big companies, most notably in the construction and aviation sectors, were forced into
bankruptcy.
Unfortunately, this also makes self-regulation a faith that is very difficult to dispel, because its priests can always claim that its failures result not from theological bankruptcy, but from insufficient orthodoxy.
Between July 2005 and September 2008 (before Lehmann Brothers’ bankruptcy), the renminbi appreciated 22% against the dollar.
Once elected, Trump appointed as US ambassador to Israel his
bankruptcy
lawyer, David Friedman, who has a long history of supporting right-wing Israeli causes (even donating to a West Bank settlement).
Banks were on the verge of
bankruptcy
and nationalization.
In 2005, President George W. Bush’s administration made it far more difficult for households to declare
bankruptcy
and write off debt.
But a firm that is forced into
bankruptcy
is not un-bankrupted when a course is reversed.
One day you get bankruptcy, another day loans with few strings attached.
Three California cities have recently declared bankruptcy: Stockton, the largest American city ever to do so;San Bernardino, the second-largest bankrupt city; and Mammoth Lakes.
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