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

Bankruptcy Comes to China

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

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.

Global Economic Cooperation or Bust

Banks were on the verge of bankruptcy and nationalization.

For some, low prices would render them insolvent.

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).

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

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

A number of countries have implemented reforms to bankruptcy law.

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.

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.

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

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

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.

Or consider bankruptcies and defaults by households and firms.

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.

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.

In a domestic setting, bankruptcy and default are common.

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

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

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.

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

The modalities could draw on the principles laid out in national bankruptcy procedures.

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.

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

A sovereign default () is the failure or refusal of the government of a sovereign state to pay back its debt in full.

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

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

One day you get bankruptcy, another day loans with few strings attached.

US bankruptcy rates are already up 33 over four years ago.

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

Official bankruptcy, a regular occurrence, required prolonging maturities on state debt and reducing interest payments.