Last October, the NUS informed members and staff it had a £3.6m shortfall and was facing potential insolvency.
Mr. Clinton pledged to work with Congress to enact legislation next year to deal with the retirement system's potential insolvency.
Some of the difficulties it encounters with loan buybacks are, it said, the result of "potential insolvency" — that is, financial woes at companies that made or service the loans.
Step one is to request legislation:The legislation would authorize the US government, in appropriately limited circumstances, to intervene at the appropriate time to avert the systemic risks posed by the potential insolvency of a significant financial firm.
Last week, the National Audit Office estimated that 10% of unitary authorities and county councils have less than three years' reserves left if they continue to deploy them at current rates, leaving them vulnerable to potential insolvency.
Activist lenders, including hedge funds or vulture funds, buy debt of distressed companies at a heavy discount to profit from a potential insolvency, a sale of assets or a debt-for-equity swap that would give them control of the business – a strategy called "loan-to-own".
While the days of potential insolvency were utterly consuming for most of us on the board, it was also a privilege to get close to the production of great works of art (a feeling replicated on these pages) and to represent an extraordinary body of artists.
Mr. Fisher began by agreeing wholeheartedly with Morris Goldstein and stressed that even the most junior credit analyst at BlackRock knows higher equity for banks lowers their required rate of return on equity, because a bigger buffer against losses and potential insolvency means that the equity of that bank becomes safer.
Finally, it is also worth noting that the Federal Circuit did not upset the rejection of the bank examiner privilege which also pitted the relevance of information about potential insolvency against the need for a deliberative privilege.
Mayor Bing's Wednesday night speech addressing Detroit's potential insolvency hit city workers especially hard.
