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Bankruptcy in sentence

561 examples of Bankruptcy in a sentence

In testimony to the Senate Banking Committee in early February, MIT’s Simon Johnson endorsed the Volcker approach, but also favored strengthening commercial banks’ capital ratios “dramatically” – from about 7% to 25% – and improving bankruptcy procedures through a “living will,” which would freeze some assets, but not others.
The fragility of America’s banks had been known for a long time – at least since the bankruptcy of Bear Stearns the previous March.
As a result, the fact that California might be closer to bankruptcy than some eurozone countries has no influence at all on the credit rating of banks headquartered there, or on their ability to obtain funds on the interbank market.
This suggests that macroeconomic policies, though necessary, are insufficient without parallel institutional reforms in planning, regulation, and bankruptcy procedures to enforce credit discipline for all borrowers, regardless of whether they are in the private sector or state-owned.
Eight years after its bankruptcy, the Greek state’s persistent insolvency remains an embarrassment for Europe’s officialdom.
Debtors worldwide face a risk of bankruptcy which, if widespread, could lead to a dangerous recession.
The increased indebtedness of households is already leading to higher bankruptcy rates, and will likely dampen the recovery.
The bankruptcy of these two respectable but now out-moded positions opens the door for a new populism, based on an anti-globalization groundswell.
Germany agreed to relinquish the Deutsche Mark on the condition that the new currency area would not lead to direct or indirect socialization of its members’ debt, thus precluding any financial assistance from EU funds for states facing bankruptcy.
Moreover, defaults on securitized credit card debt and commercial loans to companies that are driven to bankruptcy are still to come.
Indeed, the financial crisis has worsened in recent weeks, reflected in the US Federal Reserve’s takeover of quasi-government mortgage lenders Fannie Mae and Freddie Mac – which may cost American taxpayers hundreds of billions of dollars – as well as the bankruptcy of Lehman Brothers and the sale of Merrill Lynch.
In Mexico in 1995, in East Asia in 1997-1998, and in Argentina in 2002, the collapse of currency values caused enormous distress: as exchange rates fell, the local-currency value of debts owed to foreigners and linked in value to the dollar soared, raising the danger of effective national bankruptcy.
His country is now beset by a currency crisis of his own making, and it could even face the prospect of national bankruptcy.
Lehman Brothers declared bankruptcy, and many other firms had to be saved by the government.
WARSAW: The shipyard of Gdansk, birthplace of Solidarity and cradle of the revolution against communism, is poised to go into bankruptcy.
Some people would scream that this is tantamount to nationalization, but it is no more a nationalization that the US Chapter 11 bankruptcy process is.
The second path drives many debtors in crisis countries into bankruptcy.
A mechanism for dealing in an orderly way with sovereign bankruptcy would be a major contribution to global governance, and to solving a longstanding problem of sovereign-debt markets.
Such proposals were widely discussed in the 1990’s and early 2000’s, and IMF Deputy Managing Director Anne Krueger pushed a Sovereign Debt Restructuring Mechanism that would have offered a legal path to imposing general haircuts on creditors, thereby ending the collective-action problems that impede the efficient resolution of sovereign bankruptcy.
And municipalities cannot benefit from Chapter 9 of the US bankruptcy code.
Meanwhile, the US government could exempt Puerto Rico from the Jones Act, extend to it Chapter 9 bankruptcy coverage, and align the island’s welfare and labor requirements with its productivity level.
Indeed, the war in Georgia already has thrown Russia into the most severe financial crisis since its virtual bankruptcy in 1998; $17 billion were lost in capital flight in just one week.
Although countries like the United States have notoriously high treatment costs, with medical debt being one of the leading causes of personal bankruptcy, people living in poor countries actually spend more on health care costs relative to their income.
And, because medical insurance is unavailable or too expensive, and because bankruptcy protection is not usually an option, too often they and their families end up being pushed into poverty.
Official bankruptcy, a regular occurrence, required prolonging maturities on state debt and reducing interest payments.
They may not be sufficient to save universities from bankruptcy.
After a series of showdowns, in which one company, Daewoo, threatened to default, and political forces rallied to its assistance, the government won; the hugely powerful Daewoo group underwent bankruptcy and restructuring.
Two reasons reveal why markets celebrated: Communists were more likely to deliver stable government than the right; and, Communists were determined to act on the huge budget deficit that cast the shadow of bankruptcy over an economy that would otherwise have qualified as the most successful major economy after Japan.
The government should have been prepared to place AIG into reorganization under Chapter 11 of the US bankruptcy code and force the derivative parties to take the desired haircut.
That choice has pushed the country to the edge of bankruptcy, while fueling large-scale social unrest and political turmoil.
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