There is an equally important need to distinguish between state insolvency and illiquidity.

Gambler s Ruin

France's broke.

You go get bankruptcy protection.

He bankrupted Suzanne.

I'm in a state of complete financial collapse.

France is essentially broke and that people are still going hungry.

The trends now indicate that our country is going bankrupt.

They survived piracy on the open seas, a murderous attack by Israeli commandos and unlawful detention in an Israeli jail.

You might wonder, well, wasn't there a boom and a bust?

Two gentlemen of elegant appearance, in a...state of bustitude.

Their speculative frenzies ruined shareholders, customers, and the economy.

As you remember, the whole French Revolution was precipitated by France being broke.

like crime, and warfare, and economic phenomena like bank runs and market crashes and the adoption of innovation and the spread of product adoption.

A bankrupt Conference on Disarmament will eventually lead to an insolvent Treaty unless other multilateral channels are found to advance its disarmament agenda.

To halt this downward spiral, Ireland s risk of insolvency needs to be put to rest.

The same is true of financial institutions, as the Lehman bankruptcy showed.

When the bankruptcy of Lehman Brothers endangered the credit of financial institutions, private credit was replaced by the credit of the state, revealing an unrecognized flaw in the euro.

The demise of Lehman disrupted the commercial paper market.

At the same time, a new tenant settled part of the outstanding rent as well. Thus, the defendant ended up receiving more than it was entitled to.

The trial of Mikhail Khodorkovsky and the possible bankruptcy of his company Yukos, Russia's biggest company, have incited cries that President Putin is returning the country to the bad old days of dictatorship.

For China now has a bankruptcy code with teeth, and the country s courts are beginning to enforce it with rigor.

The distress following the failure of Lehman Brothers would have been an obvious occasion.

Excessive rural credit was one of the important causes of bank failures during the Great Depression.

And the largest cost of major bank failures is not the subsidy, or the cost of a bailout.

The improved resilience may be seen in fewer bank failures and more consistent credit provision.

Since then, Putin has sought to expose the bankruptcy of America s policy of isolating Iran.

But then it shot up again following the failure of Bear Stearns and the problems with AIG.

Some authors defend Bolívar's enactment, justifying that resources were provided to a State that was in a state of almost insolvency.

The latest package to cope with Greece s insolvency offers a bond buyback to lighten the country s debt burden.

Declining profits and rising enterprise bankruptcies are posing challenges to China s monetary authority.

The for profit market has experienced a crisis of confidence in recent years following the bankruptcies of the major Nova.

CHICAGO The biggest financial nightmare looming over the world economy is the insolvency of a large international bank.

The Law on Enterprise Bankruptcy (Trial Implementation), the first of its kind, was enacted in 1986.

The frequent and spectacular early modern bankruptcies of the French and Spanish monarchies concerned for the most part debt owed to foreigners.

The reality is that world trade would suffer far greater damage from the global economic fallout of a Big Three bankruptcy.

Perhaps they should bear in mind Ernest Hemingway s description of how a man goes broke slowly, then all at once.

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.

That means more debt restructuring and more bank closures now, rather than watering down proposals to rein in freewheeling markets.

(c) The processing of bankruptcy applications from businessmen the investigation of negligent or fraudulent bankruptcies and the initiation and prosecution of criminal proceedings in accordance with the procedures established by law

But you wouldn't want to live like this financially anymore, so there's no reason not to go seek bankruptcy protection.

Manufacturing production has plummeted, the trade balance has deteriorated sharply, and corporate bankruptcies are increasingly frequent.

The increased indebtedness of households is already leading to higher bankruptcy rates, and will likely dampen the recovery.

Obstfeld had in mind a bailout mechanism for banks, but it is now abundantly clear that one also needs a lender of last resort and a bankruptcy mechanism for states and municipalities.

Between July 2005 and September 2008 (before Lehmann Brothers bankruptcy), the renminbi appreciated 22 against the dollar.