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Connally declared personal bankruptcy in 1988 to satisfy debts of $93 million, but within a year he had emerged from that status.
Bridge, which is closely held, sought Chapter 11 bankruptcy protection on Feb. 15, two weeks after some creditors tried to force it to sell assets to satisfy debts.
Now the suite is deserted, half the furniture gone to satisfy debts, with dollies and packing crates ready to carry out the rest.
In addition, the Chinese practiced self-sale into slavery, the sale of women and children (to satisfy debts or because the seller could not feed them), and the sale of the relatives of executed criminals.
Some people were enslaved as a punishment for crime or debt, others were sold into slavery by their parents, other relatives, or even spouses, sometimes to satisfy debts, sometimes to escape starvation.
Its global life insurance division and its Asian insurance operations are being shifted into two special-purpose entities, where they will help satisfy debts to the Federal Reserve Bank of New York.
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For cyclical properties like airlines, industrials and even hotels, fixed-charge coverage of just one (suggesting that a company's earnings are just enough to satisfy debt, lease and principal repayment over the next year) can evaporate overnight.
Not only are VCs highly unlikely to invest in a company such that a large part of their investment must be used to satisfy debt, but the fact that every single blogger is in a position to sue the company (or you personally) for breach of contract would send even the bravest VCs running for the hills.
These would involve transferring Rangers' assets out to another company or companies to satisfy outstanding debts and leaving the club behind with the debt.
These would involve transferring Rangers assets out to another company or companies to satisfy outstanding debts to the floating charge holder and leaving the club behind with the debt.
But Tesla eventually sold Wardenclyffe to satisfy his debts.
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