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Bankruptcy in sentence

561 examples of Bankruptcy in a sentence

By law in the US, new approaches superseding established bankruptcy procedures dictate the demise rather than the rescue of failing firms, whether by sale, merger, or liquidation.
As Iceland spiraled into bankruptcy, owing the irresponsible behavior of its mostly male political and financial elites, the people of Iceland decided that only a strong and responsible woman could redress the country’s problems.
Even in those states where creditors have the legal authority to take other assets or wage income, the personal bankruptcy laws are so restrictive that creditors don’t bother to try.
He sought to expose the bankruptcy of ascendant ideological nostrums: laissez-faire, spontaneous order, collective cooperation, central planning.
When interpreting sharp drops in stock prices and their impact, many will think back to 2008 and the market turbulence surrounding Lehman Brothers’ bankruptcy filing.
Officials cannot say that a global recession has been avoided; that they “bailed in” the banks; that – with the exception of Lehman Brothers and Bear Stearns – they forced the bad speculative actors into bankruptcy; or that the government made money on the deal.
Muckraking broadsheets in the first half of the last century played cat-and-mouse games with Chinese government censors, ultimately helping to expose the corruption and moral bankruptcy of the Nationalist (KMT) government and contributing to the Communist victory in 1949.
A bankruptcy system that allows entrepreneurs to survive the inevitable failures that accompany innovation, as well as stronger protection of intellectual property and improved access to equity finance, are also needed.
That is why the real test of China’s administrative reforms is whether, through improved bankruptcy mechanisms and regulations that block fraud and market manipulation, they allow – and even facilitate – the effective functioning of market forces.
Indeed, many borrowed to finance their spending, with the result that the proportion of poorer households in financial distress or filing for bankruptcy was significantly higher in areas where the rich earned (and spent) more.
But, unlike US municipalities, Puerto Rico is not protected by the US bankruptcy code.
Aware of this reality, Puerto Rico enacted its own bankruptcy law, but the US Supreme Court struck it down, because the island is de facto an American colony, and the federal bankruptcy code permits only the US Congress to enact bankruptcy legislation over its territory.
The authorities will not allow the biggest banks to default on their debts, through bankruptcy or in any other fashion, owing to the need to prevent the financial system from collapsing.
This effective exemption from the risk of bankruptcy means that anyone who lends to the largest half-dozen banks receives a government guarantee – free insurance against the risk of a catastrophe.
As FDIC Vice Chairman Tom Hoenig put it, “Despite the thousands of pages of material these firms submitted, the plans provide no credible or clear path through bankruptcy that doesn’t require unrealistic assumptions and direct or indirect public support.”
The West’s moral bankruptcy is on display closer to home, too.
But when the bubble bursts, the NINJAs cannot service their debt and builders go into bankruptcy.
They might be right; then again, back in 2008, US policymakers thought that the collapse of one investment house, Bear Stearns, had prepared markets for the bankruptcy of another, Lehman Brothers.
But if the system of financial intermediation collapses in universal bankruptcy, producers of tradable goods will be unable to get financing to expand.
Finally, high finance allows for portfolio diversification, so that individual investors can seek high expected returns without being forced to assume large, idiosyncratic risks of bankruptcy and poverty.
In addition to experiencing an out-migration crisis, the island sought what amounted to bankruptcy protection in May 2017.
They watched in horror as Amazon, en route to becoming the world’s largest online retailer, pushed the bookstore chain Borders into bankruptcy, and have wondered if they will be next.
In the US, the main design defects are in bankruptcy law, which exempts derivatives and repos from most regular bankruptcy constraints.
Other financial players take on more risk because derivatives and repo players’ bankruptcy exemptions put them first.
But little of importance has yet been done to prevent the damage that derivatives and repo bankruptcy priorities could cause in another financial-system meltdown.
Debt-equity swaps have been used successfully in many cases, and they follow from normal bankruptcy procedures.
On top of the damage from the global economy’s woes, the eurozone was faced with a looming Greek government bankruptcy.
The Cyprus experience suggests that, with the credibility of the government’s default threat in tatters, the EU is likely to force Greece to stay in the euro and put it through an American-style municipal bankruptcy, like that of Detroit.
The legal and political mechanisms for treating Greece like a municipal bankruptcy are clear.
Thus, the EMF would provide a framework for sovereign bankruptcy comparable to the procedures that exist in the US for bankrupt companies that qualify for restructuring.
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