Empowering Financial Bankruptcy

FRANK Facing bankruptcy.

Bankruptcy Comes to China

The other three, the International Statement of United States Bankruptcy Law, International Statement of Canadian Bankruptcy Law, and International Statement of Mexican Bankruptcy Law describe the bankruptcy laws of the three NAFTA States, and set out principles governing multinational insolvency cases which involve assets located in one or more of the three NAFTA countries.

84. quot Technical bankruptcy quot .

I was broke, facing bankruptcy.

International Association of Restructuring, Insolvency and Bankruptcy Professionals (INSOL)

This effective exemption from the risk of bankruptcy means that anyone who lends to the largest half dozen banks receives a government guarantee free insurance against the risk of a catastrophe. This allows these banks to obtain more debt financing on better terms (from their perspective).

That is what destroyed AIG, and what led to the recent bankruptcy of Abitibi Bowater and the pending bankruptcy of General Motors. In both cases, because some bondholders owned CDS contracts, they stood to gain more from bankruptcy than from reorganization.

A number of countries have implemented reforms to bankruptcy law.

It's the IMF Sovereign Bankruptcy Plan, OK?

It means bankruptcy and scandal and prison!

Proposal by International Association of Restructuring, Insolvency and Bankruptcy Professionals (INSOL)

How many men have you sent into bankruptcy?

Borrowing and lending institutions will need to change, so that they better cushion people against the risk of personal bankruptcy. Financial markets will have to be broadened, so that people and businesses can better hedge their risks.

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. Despite the difficulties that remain, China s bankruptcy legislation is increasingly adapted to the market economy the trend is irreversible.

Bankruptcy legislation in China started right after Deng Xiaoping launched his pro market reforms three decades ago. The Law on Enterprise Bankruptcy (Trial Implementation), the first of its kind, was enacted in 1986.

If they were already too big to fail, what should we now say when banks are even bigger? Their market power has increased, yet they know they incur no risk, owing to the aggravated systemic impact of their potential bankruptcy.

Bankruptcy among small agricultural producers supplying foodstuffs to the local market.

The negotiation process will be facilitated by the new bankruptcy law.

Only a modest part of the surplus was left to the bankruptcy administrator of the association.

The designation of the competent court is addressed elsewhere in the United States Bankruptcy Code.

To save her husband from bankruptcy, your niece sold me the earrings.

BEIJING China s businessmen have always needed resilience, but now they must become accustomed to the specter of bankruptcy. For China now has a bankruptcy code with teeth, and the country s courts are beginning to enforce it with rigor.

BEIJING China s businessmen have always needed resilience, but now they must become accustomed to the specter of bankruptcy. For China now has a bankruptcy code with teeth, and the country s courts are beginning to enforce it with rigor.

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

Until now, bankruptcy has played a second tier role in reform efforts, even though bankruptcy law does for industrial firms much of what regulators want for financial firms. By restructuring a failed industrial firm s debts, saving its profitable businesses, and selling its loss making ones, bankruptcy can minimize a failed firm s knock on costs for its creditors and the economy as a whole.

Falling prices and consumption, a consequent decrease in exploration, fall of kingdoms, the despair of ambitions, pride offended, bankruptcy.

First, normal bankruptcy rules don t apply to repos. Second, much repo financing flows into large risk taking financial firms like MF Global, Lehman, and Bear Stearns through money market funds, which must invest very short term, because their depositors want immediate liquidity.

The chief will be responsible for risk control of the Fund's investments as a whole in terms of portfolio risk, operational risk and compliance risk, and will plan and perform the oversight of performance measurement, investment risk analysis and operational risk analysis, including risk arising from sub adviser and service provider relationships.

They have an increased risk of infection, an increased risk of malignancy.

the Fed and the Treasury decided to let Lehman Brothers go into uncontrolled bankruptcy in order to try to teach financiers that having an ill capitalized counterparty was not without risk, and that people should not expect the government to come to their rescue automatically.

They pay only part of the wages or cheat workers out of their earnings by issuing dud cheques or declaring bankruptcy.

Assessment of risk

States of Risk

Market discipline, whereby troubled firms had the option of declaring bankruptcy, must be reinforced by regulation, supervision and standard setting.

The international community had a duty to save UNRWA from bankruptcy by increasing the level of funds and the number of donors.

But the US Congress and regulators have said all along that bankruptcy is the preferred way to restructure failed financial firms. If a judicial bankruptcy process could work, the thinking goes, it would minimize the likelihood of taxpayer financed bailouts and disruption of financial markets and the real economy.

One thinks of creditors with claims on the assets of one of the parties, or a trustee in bankruptcy, or a government regulator.

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). The state would be expected to take over essential public services from bankrupt local governments.

When private borrowers default, bankruptcy courts supervise a bankruptcy or reorganization process through which even unsecured creditors can hope to recover something. But there is no process for winding up a state and no legal venue for renegotiating its debts.

The final report of the Expert Group Best Project on Restructuring, Bankruptcy and a Fresh Start was published in September 2003.

If forced to pay, the business might be obliged to declare bankruptcy or exit the market altogether.

In Sweden, a judge, if involved in personal bankruptcy, was prevented from exercising his or her functions.

He's like a vulture, ready to prey on... a factory in bankruptcy or upon a lone woman.