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Bankruptcy in sentence

561 examples of Bankruptcy in a sentence

It is hard to see how the Senate Judiciary Committee (which has jurisdiction over the bankruptcy code) could be persuaded to waste time on this.
The Global Economy’s Fundamental WeaknessGENEVA – When Lehman Brothers declared bankruptcy ten years ago, it suddenly became unclear who owed what to whom, who couldn’t pay their debts, and who would go down next.
As the downturn deepens, several countries may, for example, face bankruptcy.
Most public-sector industries have been near bankruptcy until saved by competition and privatization.
Resuscitating ideas advanced in the wake of Argentina’s earlier default, some experts proposed creating an international bankruptcy court in the IMF.
But experience has shown that bondholders are not inclined to subordinate their claims to some untested international bankruptcy court.
Establishing an international bankruptcy court would be a far more efficient solution, but that doesn’t make it feasible.
The first warning sign surfaced in 2001, with the bankruptcy of Enron in the United States.
Thain, also a former president of Goldman Sachs, helped himself and his Merrill Lynch staff to $4 billion in bonus payments even after he had to sell the firm to Bank of America to save it from bankruptcy.
He has already guided the Fed through two very tumultuous years with only one major mistake – the bankruptcy of Lehman Brothers.
That is why, for domestic debt disputes, countries have bankruptcy laws and courts.
At the same time, civil bankruptcy procedures will need to be reformed, to ensure the reasonably fast action on defaulted borrowers’ assets.
If such negotiation cannot be achieved voluntarily, US firms can use Chapter 11 of the bankruptcy code, under which a court supervises and approves the reorganization of liabilities.
The cost may seem significant in a world of rising unemployment rates, with many countries still struggling with ongoing financial and economic crises, and others staring bankruptcy in the face.
Consequently, the Fed left its interest rate unchanged throughout the summer of 2008, despite the collapse of mortgage giants Fannie Mae and Freddie Mac, the bankruptcy of Lehman Brothers, AIG’s insolvency, and the emergence of global financial-market contagion.
The French government plans to bail out Alstom, a company that developed a number of high-tech products, including the TGV, the French fast train, but recently went into bankruptcy.
The answer lies in a combination of “no recourse” mortgages and fast bankruptcy procedures.
Moreover, even in those states where there is full recourse, so that the homeowner remains liable for the full amount of the mortgage loan (that is, the difference between the balance due and the value recovered by selling the home), America’s procedures for personal bankruptcy offer a relatively quick solution.
Millions of Americans have filed for personal bankruptcy since 2008 , thereby extinguishing their personal debt.
But in countries like Italy, Spain, and Greece, the length of a bankruptcy proceeding is measured in years, not months or weeks, as in the US.
An extreme case is Spain, where mortgage debt is never extinguished, not even after a personal bankruptcy.
But they should also focus on overhauling and accelerating bankruptcy procedures, so that losses can be recognized more quickly and over-indebted households can start afresh, rather than being shackled for years.
Many state and local governments in poorer regions of the country are at risk of bankruptcy unless the federal government undertakes a massive bailout of their finances.
The trial of Mikhail Khodorkovsky and the possible bankruptcy of his company Yukos, Russia's biggest company, have incited cries that President Putin is returning the country to the bad old days of dictatorship.
These emerging institutional arrangements include contracts and commercial law, bankruptcy and labor codes, and courts to oversee their enforcement.
For example, China’s bankruptcy law, enacted in 2006, required 12 years to negotiate, as factions within the Congress, the CCP, and the executive branch struggled to balance the interests of workers and creditors.
But most Russians think he is a great leader, crediting him with taking the country from the bankruptcy and despair of the Yeltsin era to wealth and prosperity in just seven years.
Those at the bottom are only a short step away from bankruptcy with all that that entails.
At these rates, Brazil is heading for bankruptcy.
In the United States, the 2011 bankruptcy of Solyndra – a solar cell manufacturer that folded after having received more than a half-billion dollars in government loan guarantees –seems to illustrate both failures.
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