(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.
Receivership
Definition:
(n.) The state or office of a receiver.
Example Sentences:
(1) The Gherkin, voted London's favourite tower, has been put into receivership 10 years after its completion helped transform the capital's skyline.
(2) • Being processed now: Balram Chainrai – estranged business associate of Arkady, business partner of Levi Kushnir, a veteran of three company receiverships.
(3) HMV Ireland collapsed into receivership yesterday and 16 shops in the Republic closed their doors.
(4) On the 90th day they told me they were going into receivership.
(5) Barclays eventually bought the remnants of Lehman's Wall Street operation from receivership for $1.75bn - a sum that has enraged certain bankruptcy creditors who believe it was a windfall for the British bank.
(6) Duncan Matthews QC, for the defence, said the assets Ablyazov failed to declare were "a drop in the ocean" compared to the estimated $5bn of assets he was forced to place into receivership under the control of accountants KPMG.
(7) Asked if his father had been influential in securing the deal from Leicester, Richards Jr said: “It is fair to say my dad is and continues to be on the world sporting stage.” Richards Jr confirmed the name Trestellar echoes his father’s former engineering company, Three Star Engineering, which went into administrative receivership in 2001.
(8) In 2005, he brokered agreements to get 6,500 Rover workers into new jobs after the company went into receivership.
(9) Kids Company was put into receivership in the summer shortly after the Cabinet Office had approved a new government grant of £3m.
(10) It emerged on Thursday that Filan was declared bankrupt this week at Kingston county court in Surrey, a month after his Irish-based property development company went into receivership.
(11) The consent decree included termination of the court's active supervision of the state's mental health system, termination of the receivership, and termination of the court monitor's powers.
(12) The authors describe the use of troika management and administrative receivership to upgrade a unit in a state mental hospital.
(13) "If it did go into receivership, hedge funds would find themselves in a terrible jam," said Samuel Hayes at Harvard University.
(14) The board of directors at Landsbanki has been dismissed and the bank put into receivership.
(15) Driven by a consortium of volume housebuilders, and designed by the ill-fated architecture practice RMJM – recently forced into receivership before being rescued by an investment company – the athletes' village did not bode particularly well on paper.
(16) However, hit by competition from cheaper instruments made in Eastern Europe and China, it went into receivership last December.
(17) In addition to these 3,635 liquidations, a further 1,027 firms went into administration, 345 went into receivership and 157 entered into company voluntary arrangements.
(18) It is now more than 90% let, with 3,000 people working in the building, but it almost fell into receivership last year when a consortium of banks led by Wells Fargo called in a £300m construction loan.
(19) It seized control of Landsbanki , forcing it into receivership.
(20) A Deloitte spokesman said the tenants would not be affected by the receivership.