A
bankrupt company is one that has serious financial difficulties and is not able to pay its debts. It has declared itself unable to meet its financial obligations and seeks legal protection to resolve its financial problems.
Full definition
These include new rules around pensions for employees
of bankrupt companies, a public retirement program, or a relaxation of funding requirements.
What would be the harm in allowing patents
from bankrupt companies to be dissolved and then placed into the public domain?
It's still the best strategy, even better than the old pension plans which, at times, were swallowed up
by bankrupt companies.
However, many
currently bankrupt companies that produced asbestos products were required to establish a trust fund to compensate asbestos exposure victims.
The researchers were surprised to found that only 20 percent of
bankrupt companies in their data set actually shifted responsibility to the Pension Benefit Guaranty Corporation, Jiao said.
Leder, is the co-CEO of the private equity firm Sun Capital, which has a reputation
for bankrupting companies in the pursuit of profit.
While this may sound like a good way to get ripped off — Ross LeBlanc once had to reassure a team of Saje managers that such policies would
n't bankrupt the company — it's actually a smart loyalty strategy.
Palisades Defence is a
morally bankrupt company that wantonly spreads high - tech weaponry around the globe, so of course its sales team should end up staring down the barrels of AK - 47s.
With such a brief window of protections, manufacturers, including the two
bankrupt companies who filed the case with the ITC, will not be able to recover or to meet U.S. demand for panels.
A person close to the company told ET that its bet on Educomp was due to its plans in the e-learning space and its ability and past track record of having turned
around bankrupt companies in the US.
US laws don't even
require bankrupt companies to prove they're bankrupt, allowing a number of US airlines to enter the process with healthy stores of cash.
Its top seven execs (excepting CEO Rich Mirman) would share part or all of that fund — if the sale of the Freedom Communications (the
parent bankrupt company) exceeds what should be the exceedingly lowball number of $ 42 million.
Some countries jail the executives of
bankrupt companies while the boards of insolvent American operators often award «retention bonuses» to their executives.
It's the same thing when it came with BP, when it comes to these penalties, you want to get the money, so you don't want to break the company that you're doing it with; it can really cripple it in terms of payments, but you don't want some sort of litigation or anything like that that is going to
completely bankrupt the company, full stop, right in that moment, because you want to get paid.
Lucic added that it was not only local Yugoslavian business interests that wanted to suppress the commission's report, but that a large Italian tourist agency had pleaded with Vatican officials, who hold a copy of the report, not to release it because they might
thereby bankrupt the company.
Mullen
almost bankrupted the company he was ceo of, was forced out by the dismayed Board, then unemployed for a long time before finding his government job.
Scenes of Wall Street types analyzing financial data patterns or discussing what tactics need be used to
avoid bankrupting their company don't exactly seem like ripe material for a tense thrill ride.
No, no, no, we don't want to
bankrupt companies like poor little Amazon (market cap: $ 169 billion as of this writing) with burdensome accessibility requirements.
That B&N would voluntarily associate itself with such an
ethically bankrupt company is terribly disappointing, though seemingly par for the course, as B&N has a current reputation as one of the most badly managed companies of its size in the U.S.
Ontario is the only province to insure the pensions of
bankrupt companies through its Pension Benefits Guarantee Fund (PBGF), which backstops the first $ 1,000 per month in pension benefits per plan member if a company goes bust
Tepper lost 25 percent, but made up for it the following year, when bonds he'd purchased in
bankrupt companies went up 150 percent.
The former lawyers for the insolvent companies of a New Brunswick potato farmer jailed in Lebanon have had their fees slashed by a judge who found they would
bankrupt the companies if they were paid in full.
The founder of rival AlixPartners says the consulting firm hid conflicts of interest to win lucrative court appointments to
represent bankrupt companies.
The Libby asbestos contamination in Montana sickened thousands and
bankrupted the company when it was found that the W.R. Grace plant had been spewing asbestos over the town for decades
Marty's early career established him as an expert witness in shareholder litigations, and turnaround specialist
for bankrupt companies.
The chain will start acquiring products
from bankrupt companies or through mass liquidations and start offering them for sale throughout its 962 - unit chain.
Judge Rakoff had this to say at the time: «The notion that Bank of America shareholders, having been lied to blatantly in connection with the multibillion - dollar purchase of a huge,
nearly bankrupt company, need to lose another $ 33 million of their money in order to «better assess the quality and performance of management» is absurd.»
Clark Packard, a trade policy expert at the R Street Institute in Washington, described Trump's decision as «regrettable,» warning that more jobs will be jeopardized by the tariffs «than could possibly be saved by bailing out
the bankrupt companies.»
So what we have now isn't just a single case, but an orchestrated attack on Gawker via multiple court cases, designed to
bankrupt the company.
Either he is successful in his legal campaign to
bankrupt the company and it has to shut down, or it has to sell itself to the highest bidder and change the nature of what it publishes and why.
This system has never made me pass up an opportunity — in fact, it's helped me strengthen my cash flow so much that I've been able to contemplate all kinds of growth options, including a recent $ 325,000 bid on
a bankrupt company whose assets were worth nearly 10 times that much.»