另一种选择是破产基础，即根据可以立即出售的资产来设定价值。
The alternative is a break-up basis, which sets values according to what the assets could be sold for immediately.
事实上，美国一直通过通货膨胀来降低部分或者说大分部债务的价值来避免破产和债务违约。
In effect, the US could avoid bankruptcy and a default on its debt by inflating away some or most of the real value of its debt.
对于那些回收破产公司具有价值资产的公司来说，形势也是一片大好。
Companies that recycle the valuable parts of bankrupt companies are doing well, too.
银行陷入危机，并且你知道，他们开始破产因为他们，市场中资产的价值，在迅速的降低。
Banks are in trouble and as you know - they're starting to fail because they the value of their assets in the market is falling rapidly.
我们不是破产一次，而是按现在价值差不多六次。
And we are not just broke once. We are broke about six times over in present value.
许多债权人仍被那些破产的“老”银行套牢，然而，一旦新银行的剩余价值超过公共资本的剩余价值，债仅人将获得这些银行的债券或股份，以作为补偿。
Most creditors are stuck in the bankrupt "old" Banks, but if any surplus value emerges in the new Banks beyond that of the public capital, they will get bonds or shares in them as compensation.
比方说安然的破产，市场说它们的股票没有了任何价值，并且在国家的反诈骗法下，这些首脑人物会被起诉和被扔进监狱。
For instance, Enron went bankrupt. The market said their stock was worthless and under State Anti-Fraud laws, these individuals were prosecuted and put in jail.
大幅下挫的利率和股票价值说明，市场担心并不是美国会不会破产或者通货膨胀。
Those plunging interest rates and stock prices say that the markets aren't worried about either U.S. solvency or inflation.
股票、证券和期货市场集中的上涨；对于银行的资助和破产，价值的增强给了储户安全和信息。
The markets for stocks, bonds and commodities have risen extensively; with the weakest banks closed or subsidised, the enhancement of values has given safety and confidence to depositors.
印度尼西亚和越南出台了新的破产法，明确了关闭破产企业以及重组具有继续经营价值的企业的规则。
Indonesia and Vietnam introduced new bankruptcy laws that clarified rules for closing insolvent businesses and reorganizing viable businesses.
一个不成功的研究将会带来巨大的损失，会减少公司的资产价值，甚至造成公司的破产。
An unsuccessful research attempt could lead to enormous losses, a reduction in value of assets and could even result in bankruptcy.
破产程序与其他法律程序一样，其追求的基本价值也是程序公正和程序效益，并且其追求更加外在化。
Like other law procedures, the bankruptcy proceedings pursues the procedure justice and interests as its basic values, which turns to be more externalization.
该比例在过去的几十年间都很稳定，不到帐面价值的10%，尽管19世纪40年代该比例高达50%，但那时银行比现在更容易破产。
For decades this ratio had been stable, below 10% of book assets, though it was over 50% in the 1840s, when banks were apt to fail more often.
在第一节中，笔者从破产免责制度的定义出发，简要勾勒了个人破产从不免责主义到免责主义的发展趋势，并提出了破产免责制度存在的价值。
Starting from the definition of bankruptcy discharge, section one discusses the development from non-discharge to discharge in individual bankruptcy, and proposes the values of its existence.
企业具有破产概率对企业的内在价值有直接影响。
Enterprise with bankruptcy probability has effected on its internal value.
首先，它是世界上最有价值的公司。有这样的成就并不容易——这个公司1997年的时候还差点宣布破产。
Firstly, it's the most valuable company in the world, which is no mean feat considering it almost went bankrupt in 1997.
过去和现在的现金流量应能很好地反映公司的价值和破产概率。
The cash flow of the past and present should be able to well reflect the value and bankrupt probability of the company.
这大大增加了单个公司破产给他们带来的风险。也就意味着人们认为股份的价值很低，换而言之，持有这些股份就会有更多的风险溢价。
This left them more exposed to the risk of a single firm failing, which meant they put a lower value on shares-or, to put it another way, they demanded a higher premium for owning them.
价值传递系统和本人的才能是在每一个坚决的心，更比什么都重要，确定该公司能否在市场中生活或消逝破产或兼并。
Value delivery systems and their abilities are at the heart of every firm and, more than anything else, determine whether the firm survives in the marketplace or disappear into bankruptcy or takeover.
房地产或企业的股票价值下降，基本上下降了底部，如果发生火灾需要一个没有保险的建设更比信贷票据或公司宣布破产。
Real estate or corporate stock can fall in value essentially falling out the bottom if a fire takes an uninsured building or a corporation declares bankruptcy with more bills than credit.
但是，如果允许策略性债务违约或对绝对优先权原则偏离，股东权益价值最大化的破产决策将达到与公司价值最大化一致的结果；
But if the strategic default or deviation from absolute priority rule is allowed, the decision that maximizes value of equity will be consistent with one that maximizes corporate value.
新破产法经济法价值取向的经济基础在于社会化大生产。
The economic law value orientation of the new bankruptcy law lies in the socialized production.
好在如果企业被收购、精简和破产，保证现有工作的安全性问题和其未来的价值问题是完全一致的。
The good news is that the things you can do for security on your current job are the very same things that will be of great value if your company is bought out, downsized or goes bankrupt.
波士顿金融咨询公司Mayflower Advisors执行合伙人格莱泽(LawrenceGlazer)说，通用汽车现有股票不太可能在破产期间保留任何价值。
Existing GM shares are 'unlikely to retain any value during this bankruptcy,' says Lawrence Glazer, managing partner at Mayflower Advisors in Boston.
同时，笔者认为必须重视在破产不同阶段的立法价值的不同追求，进而在普遍性原则与地域性原则的具体应用上有所侧重。
At the same time, the author deems that we should attach importance to the pursuits in different stages of the bankrupt, and the applications of the universality and territoriality.
同时，笔者认为必须重视在破产不同阶段的立法价值的不同追求，进而在普遍性原则与地域性原则的具体应用上有所侧重。
At the same time, the author deems that we should attach importance to the pursuits in different stages of the bankrupt, and the applications of the universality and territoriality.
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