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

Bankruptcy Comes to China

Down and Out in Athens and Brussels

Sami declared bankruptcy.

Because of the weak international position and its labor policies (most peasants lived through a subsistence economy), Pétion's government was perpetually on 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.

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.

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.

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.

Work began on the East Stand in 1972 but the project was beset with problems and was never completed the cost brought the club close to bankruptcy, culminating in the freehold being sold to property developers.

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.

Among the exceptions enabling such retroactive dismissal are lack of knowledge of the pregnancy at the time of the dismissal, proven severe circumstances, bankruptcy or liquidation, or ceasing of operation due to unexpected circumstances.

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.

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

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.

It also won't allow Puerto Rico to restructure its debt or change the fact that the island can't benefit from US Bankruptcy Law.

With several banks in the crisis countries on the verge of bankruptcy, many of these loans have now turned toxic.

But, again, it is unclear why they should prefer short term debt.