In English, many things are named after a particular country – but have you ever wondered what those things are called in those countries?
- For much of the last fifty years the country's banks have operated as cashiers for often insolvent state enterprises, paying little attention to their ability to repay, and building up a mountain of bad debt.
- China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
- Many defined benefit funds are technically insolvent because Irish law lays down strict regulations on their valuation.
- Liquidator reports on 49 insolvent technology companies were sent to the Office of the Director of Corporate Enforcement last year.
- In the UK, if directors continue to trade when their company is technically insolvent, they run the risk of being personally liable.
- Unable to pay their dollar debts, most Turkish banks were technically insolvent.
- One provision makes it easier for the Central Bank to force insolvent institutions into bankruptcy, giving investors and creditors a legal framework for recovering assets.
- Accordingly the company was insolvent and unable to pay its debts.
- Cancellation of debt income is not includable in income if the taxpayer is in bankruptcy, or to the extent the taxpayer is insolvent.
- This arrangement gives customers access to the source code if the vendor gets into trouble, usually if the vendor becomes insolvent or is unable to support the code.
- Face up to the problems, he was told, bankrupt insolvent companies and resolve the institutional debt problem.
- That's crucial: HITC is technically insolvent, and customers keep pulling funds.
- This year, about 300 directors of 140 insolvent companies are facing restriction proceedings in the High Court.
- He has so far taken significant steps against the directors of insolvent companies who fail to cancel out debts by following the appropriate liquidation route.
- Guaranteeing the debt of insolvent institutions and covering up the loss exposures this creates for a country's taxpayers is costly in three ways.
- If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.
- In the former, the set-off was to be executed by a third party, with whom both the creditor and the insolvent debtor maintained their accounts.
- Should the company become insolvent, a liquidator will be appointed to realise the assets of the company, to pay and settle its debts and to distribute any surplus among the various shareholders.
- This will increase the chances of the new combination making a successful bid for the assets of Daewoo, the remaining major Korean car builder, which is now insolvent and being sold off by its creditors.
- If one joint or joint and several debtor is insolvent, the loss resulting from his insolvency is spread equally among the solvent debtors.
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