Not exact matches
Any attempt to cancel some category of debt, say government debt or personal mortgages, would immediately drive those
financial intermediaries holding such assets, e.g. banks, pension funds, investment trusts,
into insolvency.
On September 15, 2008, a key moment in the 2008
financial collapse on Wall Street when Lehman Brothers filed bankruptcy, Merrill Lynch was forced
into the arms of Bank of America and Citigroup teetered toward
insolvency, Deutsche Bank's shares closed the day at $ 58.80 (equivalent price adjusted for a subsequent stock split).
This does not include contracts where an intention to purchase has been entered
into but has not yet formally occured, according to the
Insolvency Service — the government agency that supports companies in
financial distress.
However, the comparisons we've made clearly demonstrate that women who carry student debt
into their 30's are more vulnerable to other
financial strains that could eventually lead to filing
insolvency.
Ferraro hired Thomas Lauria, global head of the
financial restructuring and
insolvency group at White & Case, to help him put his firm
into bankruptcy earlier this year and remove the litigation risk posed by Lynn Kelley.