But to the cattlemen who had been facing bankruptcy from rustling losses and to the cowboys who had been faced with lay-offs a few years earlier, he was becoming a vastly different type of legendary figure.

In 2009, American Media was taken over by its bondholders to keep it out of bankruptcy.

Supporters kept the club going with a fundraiser at the Sistine Theatre and bankruptcy was avoided with the election of a new club president Franco Evangelisti.

The company was resold, following a further bankruptcy event, by the Receiver in 1975 to North American businessmen Peter Sprague and George Minden for £ 1. 05 million.

The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency.

It was expected that the UK Government's liberalisation of the UK bankruptcy regime would increase the number of bankruptcy cases ; the Insolvency Service statistics appear to bear this out:

Great North Western Telegraph, facing bankruptcy, was taken over in 1915 by Canadian Northern.

On the NASDAQ the identifying fifth letter " Q " at the end of a stock symbol indicates the company is in bankruptcy ( formerly the " Q " was placed in front of the pre-existing stock symbol ; a celebrated example was Penn Central, whose symbol was originally " PC " and became " QPC " after the company filed Chapter 11 in 1970 ).

One 2007 study found this was because businesses were turning to bankruptcy-like proceedings under state law, rather than the federal bankruptcy proceedings, including those under chapter 11.

The largest bankruptcy in history was of the US investment bank Lehman Brothers Holdings Inc., which listed $ 639 billion in assets as of its Chapter 11 filing in 2008.

Work began on the East Stand in 1972 but the project was beset with problems and was never completed ; the cost brought the club close to bankruptcy, culminating in the freehold being sold to property developers.

In fall 1976, however, amid the turmoil of New York City's dire fiscal crisis, the free tuition policy was discontinued under pressure from the federal government, the financial community that had a role in rescuing the city from bankruptcy, and New York State, which would take over the funding of CUNY's senior colleges.

Commodore UK was the only subsidiary to survive the bankruptcy and even placed a bid to buy out the rest of the operation, or at least the former parent company.

It filed twice for Chapter 11 bankruptcy protection and was successfully reorganized into a new swimming pool industry association.

More significantly, the jury also found that the leading anti-cult group known as the Cult Awareness Network was a co-conspirator in the crime and fined CAN $ 1, 000, 000 in punitive damages, forcing the group into bankruptcy.

After filing for bankruptcy, Gracen was given a few television guest roles, as well as a supporting role in the made-for-television movie Interceptor Force 2, before taking a long leave of absence from her acting career in 2002.

He turned to drinking heavily and was forced to petition for bankruptcy.

( Zoetrope Studios finally filed for Chapter 11 bankruptcy in 1990, after which its name was changed to American Zoetrope ).

In addition he was forced into US bankruptcy court three times in the next 8 years.

Wray was reportedly proud that the film saved RKO from bankruptcy.

Another cause was the state's effective bankruptcy due to the enormous cost of previous wars, particularly the financial strain caused by French participation in the American Revolutionary War.

This state of affairs was precipitated by an irrecoverable national bankruptcy in the early 1980s, triggering a de facto state of emergency, cancelling the General Election and causing the economy ( and imports ) to drastically contract forcing stringent rationing of housing, goods and services.

In 1994, Commodore filed for bankruptcy and its assets were purchased by Escom, a German PC manufacturer, who created the subsidiary company Amiga Technologies.

The TV series emphasizes the boisterous nature of the team, led by manager Billy Martin, catcher Thurman Munson and outfielder Reggie Jackson, as well as the malaise of the Bronx and New York City in general during that time, such as the blackout, the city's serious financial woes and near bankruptcy, the arson for insurance payments, and the election of Ed Koch as mayor.

In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor.

A closed bankruptcy may be reopened by motion of a creditor or the U. S. trustee if a debtor attempts to later assert ownership of such an " unscheduled asset " after being discharged of all debt in the bankruptcy.

Trustees in bankruptcy, 1041 individuals licensed to administer insolvencies, bankruptcy and proposal estates and are governed by the Bankruptcy and Insolvency Act of Canada.

The Dutch bankruptcy law is governed by the Dutch Bankruptcy Code ( Faillissementswet ).

The most common reasons for personal insolvency in Sweden are illness, unemployment, divorce or company bankruptcy, not the reckless spending claimed by politicians and debt collection agencies when they describe the problem with deep personal debts.

Apparently handcuffed by the Tribune's bankruptcy and the sale of the club to the Ricketts family, the Cubs ' quest for a NL Central 3-peat started with notice that there would be less invested into contracts than in previous years.

Chapter 11 bankruptcy is available to every business, whether organized as a corporation or sole proprietorship, and to individuals, although it is most prominently used by corporate entities.

Plans must satisfy a number of criteria in order to be " confirmed " by the bankruptcy court.

A preplanned, preagreed approach sometimes called a pre-packaged bankruptcy by the parties may facilitate the desired result.

Companies that produced network equipment like Nortel Networks were irrevocably damaged by such over-extension ; Nortel declared bankruptcy in early 2009.

Hans Egede's Hope Colony was organized under the auspices of the Bergen Greenland Company prior to its bankruptcy in 1727 ; it was succeeded by the merchant Jacob Severin ( 1733 – 1749 ), the General Trade Company ( Det almindelige Handelskompagni ; 1749 – 1774 ), and finally the Royal Greenland Trading Department ( KGH ; 1776 – 1908 ).

Telemann's friends in Hamburg organized a collection to save the composer's finances, and eventually he was saved from bankruptcy ; by 1736 Maria had left Telemann's home.

Rather than being transferred to Motors Liquidation Company as part of the GM bankruptcy in 2009, the brand was retained by GM, in order to investigate its sale.

It was reported by mainstream UK press in late September 2008 that she had been evicted from her home, was on the verge of bankruptcy, and was living in a hotel in west London by the good graces of the hotel management until her financial situation could be resolved.

This recovery was interrupted twice, first by a banking crisis and the bankruptcy of Banka Baltija, Latvia's largest bank, in 1995 and second by a severe crisis in the financial system of neighbouring Russia in 1998.

A distressed securities investment strategy involves investing in the bonds or loans of companies facing bankruptcy or severe financial distress, when these bonds or loans are being traded at a discount to their value.

However, because of heavy spending from the trust funds, including some wasteful foreign investment activities, the government is now facing virtual bankruptcy.

As part of the end of bankruptcy protection, the company was sold to Newco Pac Inc., itself owned by Piper's creditors ( including major creditor, aircraft engine manufacturer Teledyne Continental Motors ) and a Philadelphia-based investment firm.

Then all five major “ free standing ” investment banks ( i. e., those not part of a bank holding company ) entered bankruptcy proceedings ( Lehman Brothers ), were acquired by bank holding companies ( Bear Stearns by JP Morgan Chase and Merrill Lynch by Bank of America ), or became bank holding companies by converting their industrial loan companies (“ nonbank banks ”) into a national ( Morgan Stanley ) or state chartered Federal Reserve member bank ( Goldman Sachs ).

In 1988, she filed for bankruptcy as a result of a bad investment in two Florida shopping centers.

They acquired Bonbright and Company and brought it from the verge of bankruptcy to becoming a preeminent U. S. investment banking-house specializing in public utilities.

After a total debt and equity investment of $ 4. 3 billion, on February 15, 2002 Globalstar Telecommunications filed for Chapter 11 bankruptcy protection, listing assets of $ 570 million and liabilities of $ 3. 3 billion.

In 1993 the company was purchased by Investcorp, an international investment group, and emerged from bankruptcy.

Although they had a number of highly successful investments, the $ 27 million investment in Cobblers ended in bankruptcy.

On September 11, 2012, Digital Domain Media Group Inc. filed for Chapter 11 bankruptcy protection after defaulting on a $ 35 million dollar loan, and reached a deal to sell its operating businesses to stalking horse Searchlight Capital Partners, L. P., a private investment firm, for $ 15 million.

The company emerged from bankruptcy with the lenders exchanging debt for equity, and Ripplewood's entire equity investment was extinguished.

Interest and investment of major labels in the UK indie scene in the late 1980s, as well as overtrading on behalf of Rough Trade's distribution wing, led to cash flow problems, and eventually to bankruptcy, forcing the label into receivership.

In a November 3, 2011 press release on its website, A & P announced that it had entered into an agreement to receive $ 490 million of debt and equity financing from private investors the Yucaipa Companies, Mount Kellett Capital Management, and investment funds managed by Goldman Sachs Asset Management, subject to approval of the U. S. bankruptcy court.

The convictions and fines forced the company into bankruptcy, and in December 2008 its assets were sold for $ 2. 75 million to investment company Pristine Bay, which continued operations.

In December 2008, its assets were acquired from bankruptcy court for $ 2. 75 million by investment company Pristine Bay, which is affiliated with Cincinnati developer Chuck Kubicki.

In April 2012 General Maritime came out of bankruptcy as a result of investment from Oaktree Capital Management.

Consider a perfect capital market ( no transaction or bankruptcy costs ; perfect information ); firms and individuals can borrow at the same interest rate ; no taxes ; and investment decisions are not affected by financing decisions.

Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the US ( behind Goldman Sachs, Morgan Stanley, and Merrill Lynch ), doing business in investment banking, equity and fixed-income sales and trading ( especially U. S. Treasury securities ), research, investment management, private equity, and private banking.

Lehman's bankruptcy was the largest failure of an investment bank since Drexel Burnham Lambert collapsed amid fraud allegations 18 years prior.

The company left bankruptcy on April 30, 2010, under the ownership of investment firms Alden Global Capital, Angelo, Gordon & Co. and Luxor Capital Group.

Although such an arrangement was arguably illegal under the Glass – Steagall Act, the Federal Reserve, the U. S. bank regulator, concluded that the integrity of the financial markets was better served by avoiding the bankruptcy of a significant investment bank like First Boston even though it meant a de facto merger of a commercial bank with an investment bank.