And I think that a good chunk of the household sector is effectively insolvent, buried under a mountain of mortgage debt, credit cards, auto loans, student loans, personal loans.
SOEs that are, on proper accounting, insolvent is hardly a solution, for that would mean most of them.
If they see something fishy on the books, they can shut down the firm the way the FDIC closes an insolvent bank over a weekend.
They will decline in value, which will quickly make the Fed insolvent, and a further liability to the people of the US. So either the Fed sells the bonds and reduces bank reserves, further tightening an already tightening lending market, or it really weakens its balance sheet.
The proposed successor, a permanent facility plus procedures to impose losses on creditors of insolvent countries, needs a treaty revision to pass constitutional muster.
If a limited company becomes insolvent and cannot pay its debts, a liquidator will be appointed to collect and redistribute all the company's assets to the creditors.
BBC: When stores go bust: How to get your money or goods back
The scandal erupted last year over the illegal transfer of funds last year from insolvent Bank Bali to a company closely linked to the then ruling Golkar Party.
The man behind a takeover of a Belgian football club which became insolvent and left young players hungry and homeless was a well-known North East football agent, the BBC found.
In principle, there is a strong case for improving the process for dealing with insolvent countries, just as bankruptcy laws provide a framework for dealing with firms that go bust.
Financial institutions have campaigned against plans to put savers first if a bank becomes insolvent.
No, this is when a bank is insolvent, is actually bust, and we need to recognise that fact.
It bought pieces of 3Leaf, a now-insolvent pioneer in "cloud computing" technology, including intellectual property with obvious military applications.
The Fed needs to be sure it does not become a crutch for insolvent financial firms, distorting credit allocation and risk taking.
In January, figures from the Scottish body Accountant in Bankruptcy revealed that 1, 098 companies in Scotland were declared insolvent during the year - a record number.
They pump trillions of dollars of fresh credit into insolvent banks like embalming fluid into a corpse.
Some thought that physical gold would be a lot safer than a deposit in an insolvent bank.
ECONOMIST: Why are both Treasury bonds and gold performing so well?
If its collapse does lead France to create and consistently apply a rehabilitation system for insolvent firms, then there will be much greater pressure for Europe-wide rules to achieve the same outcome.
Gorton also details the overturning of an 1846 New York State constitutional amendment requiring that a bank be declared insolvent if it failed, under any pretext whatsoever, to redeem one of its own banknotes.
Yes, as a reader validly points out, there are debt cancellation exceptions for debtors who are insolvent or who have filed bankruptcy (section 108(a)(1)).
The move comes after the company struck a deal in principle with its bankers in a bid to avoid becoming insolvent.
This entity, more commonly referred to as the PBGC, would collect fees and create a guarantee fund to support insolvent pension plans and their beneficiaries.
But they were structural reforms covering trade restrictions, the reorganisation of insolvent banks, and progress in negotiating a delay in the foreign debt payments of the private sector.
The deal is protected from any sudden moves by BofA to put its insolvent Countrywide unit into bankruptcy a big concession, which Patrick's group had to pay for with a discounted settlement price.
That debt was made to disappear temporarily so that at the end of the quarter Lehman would not appear to investors, counterparties, regulators and rating agencies as a firm about to become insolvent.
The transferor became insolvent when the transfer occurred or because of a series of asset transfers.
Amounts that you paid as a deposit to a contractor which has since become insolvent are deductible if you are unable to recover your deposit.
And while exclusions to COD income have always existed under Section 108, prior to 2007 those exclusions were only of use to a homeowner if the homeowner were insolvent or bankrupt.
It cannot automatically be assumed that a debtor who has defaulted on a consumer debt is balance-sheet insolvent.
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