Search results
Results From The WOW.Com Content Network
An individual who is badly in debt can typically file for bankruptcy either under Chapter 7 (liquidation, or straight bankruptcy) or Chapter 13 (reorganization).In some cases, options may also include Chapter 12 (family farmer reorganization) and Chapter 11 (reorganization of a company, or an individual debtor whose debts exceed the limits for a Chapter 13 filing). [2]
The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain[ 1][ 2] or the Great Spanish Depression, began in 2008 during the world 2007–2008 financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply ...
t. e. The United States Trustee Program is a component of the United States Department of Justice that is responsible for overseeing the administration of bankruptcy cases and private trustees. [1] The applicable federal law is found at 28 U.S.C. § 586 and 11 U.S.C. § 101, et seq. In addition to the 21 United States Trustees, the program is ...
Chapter 11 bankruptcy and liquidation financial company [58] April 10, 2009: New Frontier Bank: Chapter 11 bankruptcy and liquidation Bank [59] April 17, 2009: American Sterling Bank: Metcalf Bank: Bank [60] April 24, 2009: American Southern Bank: Georgia Department of Banking and Finance: Bank $ 216,600,000 [61] May 8, 2009: Stanford Bank ...
Bankia ( Spanish pronunciation: [ˈbaŋkja]) was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, [2] and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution. [3] [4] As of 2017, Bankia was the fourth ...
The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency. [3] Bankruptcy is also documented in East Asia. According to al-Maqrizi, the Yassa of Genghis Khan contained a provision that mandated the death penalty for anyone who became bankrupt three times.
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor ), at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does ...
Dinamic Software was a Spanish video game producer and publishing company. It was founded in 1984, and its activity ceased in 1992, comprising the Golden Era of Spanish Software . One year later, a part of its owners founded an independent company named Dinamic Multimedia .