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He was declared bankrupt, with a personal debt of $1.8bn.
Iceland found itself essentially bankrupt, with Hungary and Latvia moving in the same direction.
In 1992, after a series of misfortunes, the farm was bankrupt with debts of $100m.
The Turks and Caicos island development went bankrupt, with only a handful of houses built.
In 2004, Napoli, then in Serie B, went bankrupt, with a debt of more than $80m.
In 1974 Carroll was declared bankrupt with assets of £2 and debts of £9,210.
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The Globe and Mail, which prides itself on being the national newspaper of record, recently ran a how-to article explaining how recently discharged bankrupts with a bad credit rating could still get a mortgage.
Unable to pay, and with massive debts, he was bankrupted with liabilities totalling £233,000.
Multiple CEOs walked away from companies they had bankrupted with golden parachutes in excess of 50 million.
Rubin was chairman at Goldman Sachs before joining the Clinton administration in 1993; after he left, he went on to head Citigroup, which he nearly bankrupted with his excessive risk-taking.
In the same vein, the likelihood of going bankrupt increases with the leverage level and capital intensity, but decreases with the liquidity level and growth prospect of a firm.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com