insolvency : Definition, Usages, News and More

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insolvency

in sol vuhn see

  • n  the lack of financial resources

  • Devastated by a legacy of bad management, rampant fraud and inept Government supervision, more than 500 of the 3,150 federally insured thrifts had fallen into insolvency as of the .
  • In the stress tests, the government said it decided to emphasize common capital because that was the measure that ultimately leads to "lowering the risk of insolvency.
  • But by 1977 dire warnings of insolvency had become the battle cry.
News & Articles

  • Grain News
    In the community where Anderson Seed Company’s insolvency last year cost some farmers tens of thousands of dollars, grain transaction experts from South Dakota and North Dakota explained current laws and rules governing grain sales and compared the state’s laws while discussing how South Dakota could better protect farmers who sell grain in the state.
    June 19, 2013 - Grainnet.com
  • Alpine May Face Austria’s Biggest Insolvency Since 2010
    Alpine Holding GmbH, the Austrian unit of Fomento de Construcciones y Contratas SA, may incur the country’s biggest insolvency in three years after a debt cut wasn’t sufficient to rescue the ailing builder.
    June 18, 2013 - Bloomberg
  • Spain's La Seda de Barcelona files for insolvency
    MADRID (Reuters) - Spain's La Seda de Barcelona, LSB, which makes plastic bottles in Europe, Turkey and North Africa, said on Monday it would begin insolvency proceedings after failing to reach a deal with creditors. A record 2,500 Spanish companies squeezed by a deep recession filed for insolvency in the first three months of this year, hurting lenders as they take ever bigger provisions ...
    June 17, 2013 - Reuters via Yahoo! News
Quotes

  • Dick DeGuerin in Austin American-Statesman
    The present insolvency of the Stanford Companies was caused by the SEC's heavy-handed actions, which have destroyed, and continue to destroy, much of the value of the Stanford Companies and consequently, the interests of investors,DeGuerin said.
  • David Paterson in New York Daily News
    What I will do is accept what the Legislature has given me and move forward and keep this state out of insolvency,Paterson said. "I did not think it would be prudent of me as the leader of this state right now to truncate my own...
  • Alan Greenspan in Reuters
    Fears of insolvency have not, as yet, been fully set aside,Greenspan wrote in an article published online on Monday. "There may be numbers of banks and other financial institutions that, at the edge of defaulting, will end up being bailed...

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