Bankrupt Banks

Bankruptcy

Meanings and phrases

bankruptcy

Pronunciation American British Australian Indian
n.
  1. a state of complete lack of some abstract property
  2. inability to discharge all your debts as they come due; failure
  3. a legal process intended to insure equality among the creditors of a corporation declared to be insolvent

filed for bankruptcy

Pronunciation American British Australian Indian
E.g.
  • The school closed and Beatrice filed for bankruptcy.
  • The ILLF filed for bankruptcy in September 2011.
  • In December 2017, the "Herald" filed for bankruptcy.

declared bankruptcy

Pronunciation American British Australian Indian
E.g.
  • Pacific Reclamation declared bankruptcy in 1920.
  • His production company also declared bankruptcy.
  • On October 24 of that year, they declared bankruptcy.

bankruptcy protection

Pronunciation American British Australian Indian
E.g.
  • GGP filed for Chapter 11 bankruptcy protection in 2009.
  • In August 1999, Coleman filed for bankruptcy protection.
  • In December 1999, Gracen filed for bankruptcy protection.

bankruptcy court

Pronunciation American British Australian Indian
E.g.
  • A bankruptcy court judge approved the bid for an enterprise value of $240 million.
  • After Penn Central declared bankruptcy, its assets were sold off in bankruptcy court.
  • This deal would have to be approved by the Republic Windows creditors and the bankruptcy court.

bankruptcy proceedings

Pronunciation American British Australian Indian
E.g.
  • At the time, the company was in bankruptcy proceedings, as part of the also bankrupt Erie Railroad.
  • Chapter 11 retains many of the features present in all, or most, bankruptcy proceedings in the United States.
  • In most cases, several months or even years pass between the financial problems and the start of bankruptcy proceedings.

went into bankruptcy

Pronunciation American British Australian Indian
E.g.
  • In 2009, Woolworth GMBH went into bankruptcy.
  • It went into bankruptcy in 2001.
  • The JT&KW went into bankruptcy in 1893 and was operated by a receiver until 1899.

file for bankruptcy

Pronunciation American British Australian Indian
E.g.
  • On July 18, 2013, Detroit became the largest U.S. city to file for bankruptcy.
  • However, the owner had to file for bankruptcy, effectively scuttling plans to launch the station.
  • In 1897, he was forced to file for bankruptcy, which legally obligated him to resign his seat in Parliament.

bankruptcy filing

Pronunciation American British Australian Indian
E.g.
  • This block was lifted a day after the bankruptcy filing.
  • Prior to its bankruptcy filing, the company employed 624 people.
  • Three independently-franchised locations were unaffected by the closure or bankruptcy filing.

declare bankruptcy

Pronunciation American British Australian Indian
E.g.
  • He was forced to declare bankruptcy in 1692.
  • In the 1932 it was compelled to declare bankruptcy and closed.
  • Fort Macleod ceased to grow, and in 1924 was forced to declare bankruptcy.

emerged from bankruptcy

Pronunciation American British Australian Indian
E.g.
  • The company emerged from bankruptcy in late 2007.
  • It has since emerged from bankruptcy and is now based in Kansas.
  • The company filed bankruptcy on October 6, 2004 and emerged from bankruptcy two months later.

verge of bankruptcy

Pronunciation American British Australian Indian
E.g.
  • In 2008, a series of damaging blows drove the Big Three to the verge of bankruptcy.
  • Within their first year, the station was losing money, and on the verge of bankruptcy.
  • New York City businessman James C. Pidgeon (Eugene Pallette) is on the verge of bankruptcy.

filing for bankruptcy

Pronunciation American British Australian Indian
E.g.
  • KLMG wound up filing for bankruptcy just a few years later, and shut down its news department.
  • Friendly's has closed about 100 stores since filing for bankruptcy protection in October 2011.
  • In 1997, amidst rumors of the company filing for bankruptcy, Sofbank was purchased by Marubeni.
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