If a customer goes bankrupt, suppliers can consider monetizing their bankruptcy claims by selling them to a claims trader. While this will only ensure a partial recovery, it will allow suppliers to gain faster access to cash and avoid the time and expense of participating in the bankruptcy proce...
A creditor who is owed at least $10,000 can also force another person into bankruptcy, by suing them in court and obtaining an order to make them bankrupt. For companies that can’t pay their debts, there are several options, including liquidation, voluntary administration and restructuring. M...
Bankruptcy proceedings are court proceedings that are undertaken when a person declares bankruptcy. Though bankruptcy proceedings...
Central banks, "which are all bankrupt," he said, should be transformed into national banks, and the Ital- ian bankruptcy law should be changed accordingly, to con- form to the criteria of Christian social welfare law, since "only the authority of the government can protect the...
The national debt of the United States is counted as all of the debt owed by the national government. Debts owed by states are not included in the figure. Does the US Have the Most Debt? According to the IMF, the US national debt is the 7th highest in the world when expressed as a...
During the 1700s and 1800s, a number of nations experimented with variations of free banking systems, including Australia, Switzerland, and the United States. By 1902, no nation was still operating a true free banking system. The reasons for the failures varied from unethical banking policies to...
Regulators failed to stop savings and loans from using federally insured deposits to make risky loans. Reagan also cut the budget of the regulatory staff at the FHLBB, removing its ability to investigate high-risk loans. Certain states also passed laws that allowed savings and loans to invest ...
We are currently living in a debt supercycle for sovereign nations, and in the next crash, it may not only be banks but also nation states. This is why you should consider obtaining asecond residency or passportto make sure that if things go wrong, you have a place to go and call hom...
States so congressmen are employees. There is no doubt that this type of behavior damages the reputation of Congress and the US Government at large. Finally, it has become obvious that Representative Weiner was sexting, having phone sex and distributing pornographic material during “normal” work...