84. quot Technical bankruptcy quot .

Empowering Financial Bankruptcy

FRANK Facing bankruptcy.

The Latin American and Caribbean Region Technical Department has recently prepared a technical study on competition policy and related policy areas such as consumer protection, intellectual property, regulation and bankruptcy.

Bankruptcy Comes to China

I was broke, facing bankruptcy.

It's the IMF Sovereign Bankruptcy Plan, OK?

It means bankruptcy and scandal and prison!

How many men have you sent into bankruptcy?

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.

This would avoid utilizing terms such as quot insolvency quot or quot bankruptcy quot , which may, for the present purposes, have too narrow a technical meaning in some legal systems.

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.

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

A number of countries have implemented reforms to bankruptcy law.

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

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

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

The Law on Enterprise Bankruptcy (Trial Implementation), the first of its kind, was enacted in 1986. Its execution, however, was crippled by its very narrow scope for application, the absence of corresponding laws governing corporate restructuring, excessive government intervention, incompatibility with the policy based bankruptcy procedure then in place, technical errors, and a general inability to make the code operational.

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

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.

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

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.

At the informal meeting of major donor and host Governments, held at Amman on 10 and 11 June 1997, the Agency briefed delegates on its financial crisis, the state of quot technical bankruptcy quot and prospects for the future.

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

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.

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.

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

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.

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.

In the US, the usual bankruptcy rules allow regulators and courts to hold a bankrupt company s operations together long enough to determine if the firm is worth more dead than alive. The law stops creditors from grabbing assets after the company enters bankruptcy, and it recalls many payments made to favored creditors in the 90 days before bankruptcy was declared, so that all creditors facilitate the firm s survival.

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

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

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.

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

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

Finding the right balance is not easy. Formal legal bankruptcy regimes for individuals and firms have evolved over time to accomplish this.

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

The system now holds the key to fairness liquidation. Moreover, the Criminal Law of the People's Republic of China now includes bankruptcy fraud.

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

In addition, the bankruptcy laws, which made it extremely difficult for creditors to press their claims, are being revamped, including the foreclosure laws.

Regulators could not go back and fix it with their new Dodd Frank powers, because the firm would already be ripped asunder. So, as it stands now, regulators need to preempt bankruptcy, not rely on it, because as soon as any failed financial firm files for bankruptcy, it has signed its own death warrant.