At the end of the 1910s, shortly after World War I, the Company was nearing bankruptcy.

Bankruptcy Comes to China

Or consider bankruptcies and defaults by households and firms.

Down and Out in Athens and Brussels

Sami declared bankruptcy.

In a domestic setting, bankruptcy and default are common.

Bankruptcy legislation in China started right after Deng Xiaoping launched his pro market reforms three decades ago.

Global Economic Cooperation or Bust

Banks were on the verge of bankruptcy and nationalization.

For some, low prices would render them insolvent.

The successful implementation of China s revised Bankruptcy Law hinges on its effective enforcement and abandonment of the mindset and practices shaped under the old version, especially in the era of policy based bankruptcy.

Rather, the banking system is at the brink of insolvency, with a permanent loss in equity capital.

When private borrowers default, bankruptcy courts supervise a bankruptcy or reorganization process through which even unsecured creditors can hope to recover something.

This institution should be an international version of the US Chapter 11 Bankruptcy Code.

But in the history of international finance over the past sixty years, bankruptcy and default are almost unheard of.

The Bankrupt Theology of Financial Deregulation

As the economy improves, failure is less likely.

Moreover, the Criminal Law of the People's Republic of China now includes bankruptcy fraud.

Bankruptcy should allow local governments to renegotiate their bond debt and, perhaps, their retired employees pension and health care costs (that s up to a bankruptcy judge).

In the US, the main design defects are in bankruptcy law, which exempts derivatives and repos from most regular bankruptcy constraints.

Moreover, the US bankruptcy code can free consumers of their debt within months.

Bankruptcy laws were amended to introduce a system of partial indentured servitude.

A number of countries have implemented reforms to bankruptcy law.

Moreover, defaults on securitized credit card debt and commercial loans to companies that are driven to bankruptcy are still to come.

The Fed cannot even provide credit to specific regions, let alone states on the verge of bankruptcy (for example, California).

Short of a miracle, Greece looks close to insolvency.

Employed in the civil division as president of the bankruptcy division and the civil petition chamber.

The borrower is cut off from international markets, and essential imports can no longer be purchased, while large scale defaults threaten to plunge creditors into insolvency.

With no policy institution able to take charge, countries like Italy and Spain would return to the brink of panic induced insolvency.

That is why, for domestic debt disputes, countries have bankruptcy laws and courts.

As the downturn deepens, several countries may, for example, face bankruptcy.

They remain badly in need of protection from the threat of insolvency.

Despite communism s ideological bankruptcy, China has not changed in this regard.

At the same time, in bankruptcies, it is important to safeguard productive assets.

Meanwhile, insolvencies and foreclosures triggered by excessive interest burdens are not reversed by later rate cuts.

In 1996, when Pakistan was near bankruptcy and contemplating default, I went to Beijing as the country s finance minister to ask for help.

But if the system of financial intermediation collapses in universal bankruptcy, producers of tradable goods will be unable to get financing to expand.

The Belgian Revolution in 1830 and the resulting costs of keeping the Dutch army at a war footing until 1839 brought the Netherlands to the brink of bankruptcy.

Most public sector industries have been near bankruptcy until saved by competition and privatization.

In the early ninties Marimekko was in a bad financial condition and was considered ready for bankruptcy.

A new report shows that a million American middle class women will find themselves in bankruptcy court this year.

The whole point of crisis management was to avoid risks to the system and thus bankruptcy.

Compared with the original bankruptcy code, the 2006 code is firmly rooted in the needs of a market economy.

Banks capital, therefore, is what stands between bad loans and insolvency.

A weaker economy means more bankruptcies and home foreclosures and higher unemployment.