If forced to say, I would go the Swedish route; but of course we can't do that unless we're prepared to put all troubled banks in receivership.
Last June, Westlife singer Shane Filan became the highest-profile Irish person to follow the trend when he was declared bankrupt in Kingston county court in Surrey, a week after his Irish-based property development company went into receivership owing €5.5m to Ulster Bank and Bank of Ireland.
Some of the archive is now trapped in an Arkansas warehouse after the business tasked with digitising it was placed into receivership and is facing 10 lawsuits totalling more than $90m.
Capping redundancy entitlements – stalled The Coalition planned to cap work entitlements for workers employed by companies that go into receivership.
No. Were the company to be declared insolvent and go into receivership, any sensible receiver would keep the plants running.
Standard & Poor's, a rating agency, downgraded Fannie's preferred stock and subordinated debt, reflecting the risk that it might be taken into receivership.
WHEN Allied Steel and Wire (ASW) went into receivership in 2002, the company's pension fund could meet only a fraction of its commitments.
To do so implies that the world is a kind, gentle place and that if it weren't for a few nasty, selfish types we would all be happy.That is how the failure of MG Rover, a once-grand car company which has gone into receivership after four decades of decline, is widely seen in Britain.
In addition to its disastrous mismanagement of a costly rubbish incinerator that has driven the city into receivership, it failed to report critical financial information to bondholders and misreported other data between 2009 and 2011.
The deal would also have to satisfy the Federal Communications Commission.BustDaewoo Motor of South Korea went into receivership.
By putting the project into receivership, the city expects to restrict its losses to C$100m and might break even, according to Penny Ballem, the city manager.
