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Bankruptcy in sentence

561 examples of Bankruptcy in a sentence

In fact, some EU leaders’ approaches to issues like immigration are threatening to create systemic problems that will endure long after Trump has returned to a life of golf courses and bankruptcy courts.
A credit bubble emerged that burst in 1838 and drove most of the US states into bankruptcy.
No Licenses to KillNEW YORK – In the last year, we endured a remarkable experience; after the bankruptcy of Lehman Brothers in September 2008, financial markets actually collapsed and required artificial life support.
That is what destroyed AIG, and what led to the recent bankruptcy of Abitibi-Bowater and the pending bankruptcy of General Motors.
In both cases, because some bondholders owned CDS contracts, they stood to gain more from bankruptcy than from reorganization.
Given the central role of financial intermediation in the current crisis, the government should instead expedite the restructuring process through bankruptcy law.
If the government could help break this logjam, in a fashion similar to the manner in which courts expedite corporate bankruptcy, the benefits could be large.
After the city of Detroit filed for bankruptcy in 2013, it had to make tough choices between servicing its pensioners or its debt, keeping its museums open or its police force intact.
But the United States’ public debt now stands at over 100% of its GDP, and Detroit has just gone through bankruptcy.
Puerto Rico cannot declare bankruptcy under Chapter 9 (neither can any of the 50 states).
In 1984, Congress adopted an amendment that also denied Puerto Rico’s municipalities and public corporations access to Chapter 9 bankruptcy protection.
Moreover, Europe lacks the governance institutions needed to choose the easiest path to manage economic rebalancing: moderate inflation in the north, rather than grinding deflation and universal bankruptcy in the south.
No one expects a state government to interfere in inter-state payments, rewrite bankruptcy rules, or issue its own currency in case of extreme distress.
Most observers of the mortgage market believe that its growth accelerated in 2005, after Congress exempted mortgage bonds from most bankruptcy procedures – a move that would eliminate waiting time for repayment.
If it declares bankruptcy and refuses to buy back its assets, bankruptcy laws should give the central bank the first claim on the bank's assets.
The solution, instead, is protection under bankruptcy law, which in the United States means Chapter 11.
Since we do not have time for Chapter 11 proceedings and we do not want to bail out all the creditors, the lesser evil is to do what judges do in contentious and overextended bankruptcy processes: impose a restructuring plan on creditors, with part of the debt forgiven in exchange for equity or warrants.
But execution has been slow, owing partly to China’s failure to enforce its bankruptcy law fully.
For example, American tax and bankruptcy laws, combined with deregulation policies, effectively encouraged the creation of a hypertrophied financial sector.
The Putin regime faces bankruptcy in 2017, when a large part of its foreign debt matures, and political turmoil may erupt sooner than that.
There is no longer any escape for big loss-makers who are forced into bankruptcy, while sound enterprises expand in their place.
And individuals and corporations can declare bankruptcy.
As for corporate bankruptcy, it is recognized that a poor legal system is one that keeps otherwise viable factories shuttered while assets are frittered away in expensive legal wrangling, leaving everyone – managers, workers, and shareholders – worse off.
Ultimately, while the Treasury extolled the virtues of basic bankruptcy for failed banks, it rejected repealing regulators’ powers to lead bank restructurings.
Restructuring banks in a crisis requires planning, familiarity with the bank’s strengths and weaknesses, knowledge of how best to time the bankruptcy in a volatile economy, and a capacity to coordinate with foreign regulators.
The courts cannot fulfill these tasks, especially not in the time currently allotted for a bank bankruptcy – a 48-hour weekend – without regulators’ prior planning and immediate advice, as well as international coordination.
Moreover, if multiple mega-banks sank simultaneously, bankruptcy courts could not manage the economy-wide crisis that would follow.
To that end, many distressed companies have been forced to clean up their balance sheets under a new bankruptcy code that was adopted in December 2016, and more companies are likely to follow suit this year.
Unfortunately, the Obama administration’s decision to put the unions ahead of secured debt-holders in the orchestrated Chrysler bankruptcy risks rupturing the basic fabric of credit markets.
Barely a year after the bankruptcy of Lehman Brothers, financial markets have stabilized, stock markets have rebounded, and the economy is showing signs of recovery.
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