(n.) The state of being actually or legally bankrupt.
(n.) The act or process of becoming a bankrupt.
(n.) Complete loss; -- followed by of.
Example Sentences:
(1) Ukraine has said it needs $35 billion over the next two years to stave off bankruptcy.
(2) Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.
(3) To be sure, it may not be possible to establish a full international bankruptcy code; but a consensus could be reached on many issues.
(4) He is totally comfortable around Wall Street and bankers.” Trump’s effort to characterize himself as without obligation to the financial sector despite his long record of loans and debt restructuring during episodic turbulence in his business career, including the bankruptcy of Trump Hotels & Casino Resorts in 2004, is likely to raise eyebrows.
(5) We know that in England there are trusts that are on the verge of bankruptcy and 4,500 nurses have been made redundant .
(6) But even if Greece is snatched from the brink of bankruptcy and kept in the euro in the coming days, the cause of promoting solidarity between eurozone nations has been long forgotten.
(7) In conclusion, there is a reasonable chance that retirement plan assets in Delaware qualified plans are insulated from judgment creditors, but the best course is to maintain adequate insurance protection and follow an aggressive prejudgment strategy in serious cases so you don't have to resolve the issue in a bankruptcy proceeding.
(8) The crime problems were enormous, riots tore apart many American cities – and the downside of fiscal decentralisation was that, in the 70s, you had cities like New York on the edge of bankruptcy .
(9) Using standard ratio tests, most clubs border on bankruptcy.
(10) Picard has filed a complaint in the US bankruptcy court against Cohmad Securities Corporation and a number of its principals, seeking to recover well over $100m allegedly paid to Cohmad in exchange for introducing clients to Madoff's firm.
(11) But sometimes a smile is not enough.” As the latest proposed deal to avoid Greece’s bankruptcy threatens to unravel , a row is raging on Rhodes and several other Greek islands over fears that they are being unfairly targeted.
(12) For Mokoena, qualification for the second round would cap an extraordinary season that has encompassed bankruptcy and relegation at Fratton Park, a losing FA Cup final and now captaining his country at the first African World Cup.
(13) It is high time that we applied the same principles to countries and introduced a sovereign bankruptcy law.
(14) The bank filed for Chapter 11 bankruptcy, which provides protection from creditors while it liquidates its business.
(15) If other unions follow suit in protest at Miliband's reforms, the party could face bankruptcy.
(16) Instead, they enact bankruptcy laws to provide the ground rules for creditor-debtor bargaining, thereby promoting efficiency and fairness.
(17) The International Monetary Fund has signed off on a $17.5bn (£11.8bn) four-year aid programme for Ukraine , the second attempt in less than a year to help the country avoid bankruptcy.
(18) People who never dreamed that one day they would not be able to pay their electricity bill, or feed their children properly.” As it has scrabbled for every last cent to satisfy its creditors and ward off bankruptcy, Greece’s government has taken cash wherever it could – local authorities, healthcare, pensions, social services have all been tapped.
(19) Days before it collapsed into bankruptcy protection a month ago Lehman Brothers revealed $6.12bn of staff pay plans in its corporate filings.
(20) Bankruptcy could potentially leave thousands of residents – many of them elderly and vulnerable – with nowhere to live, or forced into a disruptive move to alternative accommodation.
Insolvency
Definition:
(n.) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency.
(n.) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
Example Sentences:
(1) The GMB union said that there was a risk that vulnerable people could be made homeless, but in the event of insolvency, Southern Cross's 31,000 homes would be run by local authorities or landlords on behalf of an administrator.
(2) Slowing growth, financial fragility, governments teetering on the brink of insolvency and default, and clear signs of a public backlash against the excesses of the rich and powerful: all have created a sombre backdrop to the invitation-only affair.
(3) The boys attempted to solve two different sets of 10 find-a-word puzzles, one set following exposure to solvable puzzles, and one set following exposure to insolvable puzzles.
(4) The number of people in England and Wales entering insolvency fell in the first three months of 2012, but debt charities warned the figures represented "the tip of the iceberg" of the UK's debt problems.
(5) But the insolvency profession trade body, R3, blamed the Insolvency Service for not providing clear guidelines on how to complete the SIP 16 forms and said the changes could drive up costs.
(6) Six months later, Greece is in effect insolvent, on the brink of the common currency's first case of sovereign debt default unless it is bailed out.
(7) At that point the Bank regarded the problem as one of liquidity – a lack of cash flow – rather than the risk of insolvency.
(8) "When the economy finally does improve, the number of corporate insolvencies will continue to rise, even if at a slower rate, due to a lag effect.
(9) As a result, and regardless of how the charity is established, trustees can attract personal liability for the debts or losses of the charity where that charity finds itself in an insolvent situation.
(10) • IVAs can only be drawn up and presented to creditors by a licensed insolvency practitioner.
(11) We examined the effects of methylphenidate on the task persistence of 21 boys with attention-deficit hyperactivity disorder (ADHD), after they had been exposed to both solvable and insolvable problems.
(12) She said the company's directors could not be held liable as they step aside during the insolvency process.
(13) A charity will be considered to be insolvent when it is unable to pay its debts as they fall due.
(14) The chancellor, Alistair Darling, told MPs yesterday that the ailing mutual, the UK's 12th largest, was close to insolvency.
(15) The onerous terms of the deeply unpopular “memoranda”, agreed with foreign lenders to keep insolvent Greece afloat, would be overturned.
(16) If a bank becomes insolvent the Financial Services Compensation Scheme (FSCS) steps in.
(17) An insolvency specialist today warned of a "deluge" of business failures next year, saying the UK is in the mid-point of a W-shaped recession.
(18) Merkel has become increasingly isolated in the last fortnight over Germany's insistence that Greece's private creditors – the banks, pension funds and insurance companies holding much of the insolvent country's €340bn of debt – have to take "haircuts" or sizeable losses on their investments as part of this second deal to rescue Greece.
(19) SWANSEA CITY Accounts for the year to 31 May 2014 Ownership Martin Morgan, 23.7%; Brian Katzen, 21.1%; Swansea City Supporters Society Limited (supporters trust) 21.1%; chairman Huw Jenkins 13.2%; Robert Davies 10.5% Turnover 13th highest, £99m (up from £67m in 2013) Match income £9m Media £81m Commercial and other £9m Wage bill Joint 14th highest, £63m (up from £49m in 2013) Wages as proportion of turnover 64% Profit before tax £1m (down from £21m in 2013) Net debt Nil; £2m cash in the bank Interest payable £0.015m Highest-paid director Huw Jenkins, £550,000 State they’re in The Swans’ epic paddle from bottom division and insolvency to Premier League and new stadium owned by a consortium of fan-businessmen, including 20% held by the supporters trust, was committed to documentary with A Jack to a King.
(20) The engineering company UGL agreed to pay Leung £4m in relation to its acquisition of DTZ Holdings, an insolvent property services firm that had employed Leung as its Asia Pacific director before he took office, Melbourne-based The Age reported on Wednesday .