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

Similarly, in case of bankruptcy, federal laws and courts readily adjudicate claims among creditors, and do so without regard to state borders.

Bankruptcy Comes to China

Down and Out in Athens and Brussels

Sami declared bankruptcy.

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.

A number of countries have implemented reforms to bankruptcy law.

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

Global Economic Cooperation or Bust

Banks were on the verge of bankruptcy and nationalization.

For some, low prices would render them insolvent.

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.

Or consider bankruptcies and defaults by households and firms.

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

The Bankrupt Theology of Financial Deregulation

As the economy improves, failure is less likely.

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).

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

If such a contingent capital structure had been in place before the crisis, troubled banks would have been recapitalized by the contingent debt holders while avoiding the complications and legal posturing inevitable in formal bankruptcy.

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

But to save a financial system from collapse requires preventing all banks from failing at the same time.

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.

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

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

The purpose of the loan was to avert bankruptcy, stabilise the currency and improve Austria's general economic condition.

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 2.5 3.5 million foreclosures expected this year will exceed those of 2009, and the year began with what is expected to be the first of many large commercial real estate bankruptcies.

Second, bankruptcy reform is needed to allow homeowners to write down the value of their homes and stay in their houses.

Rather than waiting to get rid of debt through bankruptcies, governments should mandate debt forgiveness.

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

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

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

Entrepreneurs are greedy by definition if they were not, they would go bankrupt.

Irish banks reportedly need an additional 24 billion to stay afloat.

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.

Among his few successes are state employee pension fund reforms, which will save the system from bankruptcy.

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

In a domestic setting, bankruptcy and default are common.

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

Moreover, the Bankruptcy Law, the Company Law, and the Securities Law should be well coordinated and mutually reinforcing.

The package can, however, prepare the ground by modifying bankruptcy law as it relates to principal residences.

Debt equity swaps have been used successfully in many cases, and they follow from normal bankruptcy procedures.