Sentences with word «insolvent»

Otherwise, board members can be held personally liable if the company becomes insolvent at a later stage.

An extension of our Joe Debtor bankruptcy study, this monthly index measures the percentage of insolvent debtors in our study who owned a home at the time they filed a bankruptcy or consumer proposal.

He is used to chasing insurers of insolvent companies in order to recover compensation for his clients.

In our 2017 study of insolvent debtors with student loans, 62 % were women.

The preferred course of action is to file the claim prior to the life insurance company going insolvent (during the regulatory control period) and then your claim will be paid.

In addition to owing 85 % of the value of their home in mortgage debt, the average insolvent homeowner owed an additional $ 72,500 in unsecured debt.

The average income for insolvent debtors aged 60 and older is only $ 2,141; 10 % below Joe Debtor, while his average unsecured debt is 22 % higher.

The Resolution Trust Corporation (RTC) is formed and charged with liquidating assets that are declared insolvent as a consequence of the S&L crisis.

In our 2017 study, the average insolvent homeowner carries a mortgage of $ 191,464.

State insurance laws are administered by insurance departments, whose job includes approval of rates and policy forms, investigation of company practices, review of annual financial statements, periodic examination of books and liquidation of insolvent insurers.

They are also bringing back retirees with experience in dealing with insolvent banks.

FInding the market clearing price will make the markets start moving again, but it also might prove that some financial institutions are inverted (negative net worth), if not insolvent (can't get enough cash to pay all immediate claims).

One lack in the article is that the guarantees that Fannie had written would render Fannie insolvent at the time the Treasury took them over.

They are fiat paper liabilities issued by a Federal Reserve that is technically insolvent by at least $ 360 billion and likely multiples of that when off - balance - sheet considerations are factored in to the equation.

Too often these individuals are unable to do so, however, and become insolvent as a result.

But do do deals with insolvent companies.

«Because of the stock loss, we were actually insolvent on paper for a very short period of time,» Hale concedes.

The reason that I would turn over this project to a major publisher is that I could become financially insolvent if the print edition of this book sells as well as I think it would.

We call this average insolvent person Joe Debtor.

His diverse insolvency and bankruptcy practice experience has involved the representation of secured and unsecured creditors, creditors» committees, debtors, trustees, liquidating trusts, lessors, and purchasers of stock or assets of insolvent entities.

The regulators also need to review early claim experience in those situations (unusual business in a monoline), and even look at claim files to get some idea as to whether a company is likely to go insolvent if practices continue.

The relevant section of the BIA has no specified financial threshold for restructuring, so insolvent corporations that owe creditors more than $ 5 million may choose to reorganize under the CCAA or the BIA.

Unpaid payroll taxes, for instance, can result in huge tax liabilities that, for insolvent business owners, simply aren't payable at this point in time.

Quart had also received backing from local officials, including Mayor Michael Bloomberg and Rep. Carolyn Maloney, who had rallied behind him almost immediately after Bing was tapped by Gov. Andrew Cuomo to serve as Special Deputy Superintendent of the New York Liquidation Bureau, which managed insolvent insurance companies.

If an insurer has insufficient funds to do this it will be made insolvent which puts the policy holders at risk of reduced payments of claims or potentially no payment in respect of future claims.

Even prominent men like Henry «Light - Horse Harry» Lee (the father of Robert E. Lee, the American Civil War Confederate general) eventually were ruined through land speculation and ended up completely insolvent in debtors» prison.

The use of payday loans among insolvent borrowers increased for the sixth consecutive year to 31 % of all Ontario insolvencies, up from 27 % in 2016.

The Orlando bankruptcy lawyer advisors work to give financially insolvent individuals and debtors of commercial enterprises relief from indebtedness.

Stojevic and Stone & Rolls were unable to satisfy the judgment obtained against them by Komercni Banka and Stone & Rolls went into insolvent liquidation.

Complaints against insolvent employers (i.e., an organization that does not have enough assets to cover its debts, or is unable to pay its debts as they become due) are still handled through the Ministry of Labour.

To better understand the female student debtor's situation, let's first take a look at the average insolvent student debtor from our study.

«This is a sham lawsuit about a bogus Russian collusion claim filed by a desperate, dysfunctional, and nearly insolvent Democratic Party,» said Brad Parscale, Campaign Manager of Donald J. Trump for President, Inc. «With the Democrats» conspiracy theories against the President's campaign evaporating as quickly as the failing DNC's fundraising, they've sunk to a new low to raise money, especially among small donors who have abandoned them.

Think of AIG: they were rendered insolvent by rising margin requirements as their creditworthiness was downgraded, largely because the rating agencies concluded they were going to lose a lot of money off of their many bets on subprime residential credit.

Send insolvent institutions to RTC 2, and take stakes in some marginal institutions.

You are considered insolvent because your debts exceed your assets, in this case by $ 20,000.

But blaming employee ownership for the failure makes about as much sense as blaming investor ownership for the bankruptcy of US Airways and other insolvent airlines.

The government is trying to support employment, including by propping up insolvent SOEs, increasing retraining programs and encouraging people to become entrepreneurs.

The treasury can't not pick and choose between which creditors it pays (paid as and when due); as this would require the electorate to decide on what creditors are more important and Article IV has never been tested under fire (a scenario of an essentially insolvent government).

The first followed the Panic of 1837, which triggered downturns in states that had invested in canals and railroads, or that had insolvent state - run banks (this latter problem is echoed by Puerto Rico, whose Government Development Bank is in deep trouble).

From December 2017, the company relied on Safe Harbour laws to protect itself from insolvent trading claims.

However, once you are no longer insolvent under administration, you will no longer be disqualified and can become a trustee or director again.

Bankruptcy offers credit card debt forgiveness for insolvent consumers.