Sentences Generator
And
Your saved sentences

No sentences have been saved yet

343 Sentences With "became insolvent"

How to use became insolvent in a sentence? Find typical usage patterns (collocations)/phrases/context for "became insolvent" and check conjugation/comparative form for "became insolvent". Mastering all the usages of "became insolvent" from sentence examples published by news publications.

type: All Declarative Interrogative Exclamative

structure: All Simple Compound Complex Compound-Complex

length: All <=10 words 10-20 words 20-30 words 30-50 words

State regulators cracked down after some of these plans became insolvent.
EasyGroup, controlled by Stelios Haji-Ioannou, also said it could terminate the brand licence agreement if Fastjet became insolvent.
Hidroelectrica has been run by a court-appointed manager since it became insolvent for the first time in 2012.
The company's British fleet was grounded immediately after the parent group became insolvent to comply with operating licence requirements.
When Enable became insolvent in 2009, Irfan Amanat worked with Maiden to hide his hedge fund's losses, the complaint said.
The German airline said it will sign a contract with Air Berlin Thursday to acquire some of the latter's assets after it became insolvent.
Romania's largest and cheapest power producer has been run by a court-appointed manager after it became insolvent for the second time in early 2014.
Because the plans were not subject to state regulations that required insurers to have adequate financial resources, some became insolvent, leaving people with unpaid medical bills.
It first became insolvent in 331.523 after losing $1.4 billion over six years from contracts under which it sold the bulk of its output below market prices.
Accounting firm Grant Thornton was appointed as receiver when RedWater, a company producing only about 270 barrels of oil equivalent per day (boepd), became insolvent last May.
When Cuff became insolvent, an affiliated Tandem holding company, Bijoux, acquired the bridge loans and exercised its rights under the loans to acquire the few remaining Cuff assets.
More than 160 food companies became insolvent in 2015, which is more than three times the 48 insolvencies in 2010, according to the research cited by The Independent.
Redwater became insolvent last May and receiver Grant Thornton wanted to carve out and sell off the company's 19 producing wells and renounce ownership of 70 non-producing wells.
Many rail companies became insolvent and most teetered on bankruptcy, as regulations forced rail operators to travel on inefficient and unprofitable routes and laws prohibited the abandonment of tracks.
The power producer first became insolvent in 2012 after losing $1.4 billion over six years due to contracts under which it sold the bulk of its output below market prices.
If Social Security became insolvent, all bets are off: the 25 percent across-the-board benefit cut that would occur around 2030 would pummel middle-income retirees and crush the poor.
Because of their excessive collection — and also because of the shift in textile production toward Asia in the 1970s — the brothers' business eventually became insolvent, so they left France and returned to Switzerland.
In contrast, loss-making Etihad built up a global network of partner airlines in which it invested; that strategy ran into trouble when two of the partners, Alitalia and Air Berlin, became insolvent.
Often, this meant the dollars someone was paid in one state wouldn't be accepted in the next state over, or would be worthless if the currency reserves of the issuing state became insolvent.
Glencore and seven partners began negotiations to build WICET in 2008 near the height of a coal boom, but as prices plunged, three of the partners became insolvent, leaving Glencore to foot an increasing share of the liability.
"Before the new bankruptcy code, the recovery rates in India were low at around 26 [percent] and it took over 4 years to recover," she told CNBC, referring to the portion of defaulted debt and interest that lenders could get back when a borrower became insolvent.
Stella AG eventually became insolvent and was taken over in 2001 by Stage Entertainment.
Fly Blue Crane became insolvent in 2016; operations were suspended on 3 February 2017.
Retrieved 9 June 2015. The company became insolvent in 2017 and was liquidated in April 2020.
Canal Toll Deposit Banks, March 22, 1856, p. 3. The bank became insolvent in April 1873.
The journal closed down shortly after its editor, Michael Ryan, became insolvent in 1836.Desmond, p. 170.
In 1771 Jan Bernd Bicker became a member of the board. In 1773 the bank Pels & Zoonen became insolvent.
The business of U. Roy & Sons became insolvent and the publication of the magazine had to be stopped in 1925.
In the 1870s navigation works ceased, the company became insolvent, and the company's property was given to the Somersetshire Drainage Commissioners.
Also during the federal suit, the railway company became insolvent and Judge Dallas had placed it into receivership by September 1895.
Tyhee became insolvent and in 2017 they voluntarily entered receivership and all of its assets were purchased by GoldMining Inc. of Vancouver.
Stagebill became insolvent in summer 2002 and in September 2002 it was acquired by its rival Playbill which also kept the Stagebill trademark.
DAF NV became insolvent. DAF Trucks was re-established as an independent truck maker following a management buyout of the Dutch interests of the company.
The bankers (particularly Dann) were duped by fraudster Thomas Brerewood, one of their clients, and in 1710 the bank became insolvent. Dann died in 1722.
He became insolvent during the fall of value of rural land in the 1880s, and his was the most spectacular failure of the successful Auckland businessmen.
The Pall Mall Gazette, 17 July 1868, page 203. Once these major irregularities were exposed, the financial markets refused to continue lending to the LCDR and it became insolvent.
The Quad X was an enhanced version of the Triple X, with a 68020 processor and three VME expansion slots. This was produced only in small numbers before Torch became insolvent.
Sales were respectable but the company declined financially and became insolvent in 1975. In 1976 a Norton with a US-flag theme on the tank could be purchased for US$1,976.
From 1981 onwards, 3RCC developed and produced the PERQ jointly with ICL in the United Kingdom. 3RCC changed its name to PERQ Systems Corporation in 1984, but became insolvent in 1985.
Enys received 127 votes. O'Callaghan was taken to the Christchurch Magistrate's Court over unpaid wages towards the end of 1888. He became insolvent and resigned from Parliament on 9 November 1888.
The Spring Garden National Bank was a Philadelphia, Pennsylvania, financial institution that became insolvent on May 7, 1891. On August 26, 1885, the Spring Garden National Bank experienced a bank run precipitated by rumors that it was nearly insolvent. However, the First National Bank paid all the checks drawn on it for presentation at a clearing house (finance).Run On A Philadelphia Bank, New York Times, August 27, 1885, pg. 2. In 1891, the bank became insolvent.
Newington News Spring 2013 Retrieved 19 February 2014. His father and brother had joined in a retail grocery shop at 476 George Street, Sydney, but in October 1866 Love & Son became insolvent.
When this became insolvent as well in 2006, the bookstore was refounded by Kegel as Wissenschaftliche Verlagsbuchhandlung Harri Deutsch GmbH on 8 March 2007 until it was finally closed on 22 August 2013.
In 2000, Rhodes Homes sold the undeveloped Palm City land in a $30 million deal, after its lender became insolvent. The 521-acre site had been graded, but construction had yet to begin.
Bruno Gmünder Verlag became insolvent in 2017, and the Spartacus brand was sold to Berlin-based GayGuide UG. GayGuide UG ceased publication of the print guide, focusing instead on the Spartacus app and website.
It developed the carronade, a short barrelled cannon. The company became insolvent in 1987 and was resurrected as Carron Phoenix. It is now owned by Franke UK, based in Manchester, and manufactures kitchen sinks.
Once e-gold Ltd. was instructed by the US government to freeze and liquidate all 1mdc accounts, 1mdc became insolvent by default along with all other e-gold accounts seized in the April 27 action.
By the early 2000s, he had filed for bankruptcy with $208,500 in assets and $320,900 in liabilities."Premier Scott Moe filed for bankruptcy after family farm business became insolvent". Saskatoon Star Phoenix, March 27, 2018.
30 October 2002. Accessed 28 February 2018. but continued operating in Spain. The company's last remaining manufacturing plant in Spain became insolvent on 22 September 2014,Cierran en España fabrica de dulces de raíces puertorriqueñas. EFE.
The 2001–02 Scottish First Division was won by Partick Thistle who were promoted to the Scottish Premier League. Raith Rovers were relegated to the Second Division however Falkirk avoided being relegated because Airdrieonians became insolvent.
In March 2016, the company announced that it would be acquired, leading to a surge in the share price. In October 2016, it acquired 51% of PrivatAir, a Swiss airline. PrivatAir became insolvent in December 2018.
"Is Vijay Mallya India's worst businessman?", FirstBiz (First Post Business), 27 September 2012. It eventually became insolvent and had to be closed down."Non-bailable arrest warrant issued against Vijay Mallya", The Hindu, 12 October 2012.
The Peto and Betts partnership became insolvent in 1866 due to a combination of the failure of the bank, Overend, Gurney and Company, and their involvement in the failure of the London Chatham and Dover Railway.
In 1996 FC Torpedo Rīga, that was founded in 1957 as RTP (Riga Taxi Park), changed its name to Daugava. In 2001 it merged with Policijas FK as FKP/Daugava, but already in 2002 it became insolvent.
14 Dec. 2008 The O&NW; then shifted its western terminus from the Cincinnati Northern depot to the Little Miami Railroad depot. Like its predecessors, the O&NW; became insolvent and went into receivership on June 15, 1888.
The festival was founded in 1988 by German pianist Hans-Christian Wille as Braunschweiger Kammermusikpodium (KMP). It was renamed Braunschweig Classix Festival in 2001. Superintendent is Hans-Christian Wille. In 2011 the KMP GmbH became insolvent and was closed.
17 In November 1695, French forces looted the Brandenburgian (not the Danish) colony.Carreras & Maihold (2004), p. 21 In 1731, the Brandenburg-Prussian company on Saint Thomas (BAAC) became insolvent, and abandoned the island in 1735.Carreras & Maihold (2004), p.
A sequel, State of Emergency 2, was released in 2006. This game was again developed by VIS Entertainment ltd although after they became insolvent and went into administration the game was completed by DC Studios and was released by SouthPeak Games.
By 1923, Oskar Horney's firm became insolvent, and Oskar developed meningitis soon after. He rapidly became embittered, morose and argumentative. That same year, Horney's brother died of a pulmonary infection. Both events contributed to a worsening of Horney's mental health.
The EFL expulsion of Bury and the threatened expulsion of Bolton Wanderers after both League One clubs became insolvent during the summer of 2019 prompted the EFL to commission an independent review of its regulations concerning the financial sustainability of member clubs.
Insull Utilities Investment Inc. was a corporation securities firm based in Chicago, Illinois which became insolvent in 1932. It was formed in December 1928 with assets of $23,000,000 to $24,000,000.Insull Forms New Company, Wall Street Journal, December 29, 1928, pg. 9.
The hospital and its related medical school became insolvent and closed in 1989, with $25 million in debt. Both entities are now defunct. The buildings they had occupied have been converted to commercial office space and are known collectively as Cityplex Towers.
The grocery firm Love and Son became insolvent in 1866. Love died at Gundagai on 31 January 1885 (aged 75). Love and Ellinor had 7 children. Of these James was a successful merchant, while Milton was a well known Sydney stipendiary magistrate.
However, this film also was a failure. After this, he started production of another film titled Theru Padagan and abandoned it half way. He lost all his wealth and became insolvent. Though the films failed in box-office, most of the songs became popular.
The new owners had no interest in pursuing Warwick to enforce the licensing agreement and Warwick continued to make the Streamer without any consequence. In 1990, Kramer became insolvent and filed for bankruptcy. In the wake of their financial failure, Stuart Spector formed Stuart Spector Design, LTD. in 1992.
In 2006 the company experienced liquidity problemsAnnual Report Filling and was acquired by the Austrian-based ATB group.LINDETEVES-JACOBERG LTD (LJ:Singapore): Stock Quote & Company Profile - Businessweek In 2011 ATB's parent A-TEC became insolvent and ATB itself was purchased by the Chinese company, Wolong Holding Group Co Ltd.
FC Nürnberg once again, with Borussia Mönchengladbach earning promotion back to the Bundesliga after a two-year absence. FC St. Pauli was the third promoted team. SSV Ulm 1846, freshly relegated from the Bundesliga, finished the season in 16th place and became insolvent.2\. Bundesliga 2000/2001 www.fussballdaten.de.
Crealock claimed he did not touch the lines, as they wanted to keep the basic Atkin design. The resulting Kendall 32 was a limited success; the company was short-lived, however, and became insolvent after two years in operation.Westsail 32; Nautical Quarterly, Issue 4, 1978. Retrieved April 20, 2006.
Len McCurdy was named President. Westbridge was listed as a penny stock on the Toronto Stock Exchange and every employee got 100 shares. At this time, the corporation nearly became insolvent due to investment in Mr. McCurdy's previous computer leasing company, just as computer leasing was becoming unprofitable.
The rest of the company was split into several subsidiaries for defence, satellites, medtech and aircraft. In 1996, the majority of Dornier Aircraft was acquired by Fairchild Aircraft, forming Fairchild Dornier. This company became insolvent in early 2002. Production of its 328 Jet was acquired by US company Avcraft.
In 1910 the company became engaged in some form of legal action against the Midland Railway Company, with detailed records of the litigation eventually deposited in The National Archives. The company ran into financial difficulties during the 1970s and became insolvent; an administrative receiver was appointed in 1976.
Linton had first toured South Florida that year with fellow Michigander Nathan Boynton. Linton entered into a contract with the Deweys where he would pay them a year for four years. In 1897 Linton became insolvent. The Deweys filed a foreclosure lawsuit in August 1897 against Linton and Boynton.
In late 2002, Big City Radio, became insolvent and began the process of selling all of its radio stations."Big City Radio Announces Auction Of Stations", HispanicAd.com. October 05, 2002. Retrieved December 6, 2018. In early 2003, WDEK, WKIE, and WKIF were sold to Spanish Broadcasting System for $22 million.
In late 2002, Big City Radio, became insolvent and began the process of selling all of its radio stations."Big City Radio Announces Auction Of Stations", HispanicAd.com. October 05, 2002. Retrieved December 6, 2018. In early 2003, WKIE, WKIF and WDEK were sold to Spanish Broadcasting System for $22 million.
When that bank became insolvent during the Great Depression, the building was purchased by A. R. Bowman for his title and insurance business. Bowman used the building for his various businesses from 1935 until his death in 1970."Walking Tour" , Prineville Crook County Chamber of Commerce, www.visitprineville.com, Prineville, Oregon, 2008.
It was a subsidiary of Groupe Artémis, owned by François-Henri Pinault. In April 2014, it was sold to investors Maurice Szafran, Thierry Verret and Gilles Gramat. In Autumn 2014, Claude Perdriel acquired 50% for 750,000 Euros. In February 2015, it became insolvent, partly due to a lack of magazine consumers.
Wightman wrote that in June 1865 against his wishes or knowledge he was made a director of that company. In 1866 the company became insolvent, Wightman was arrested and imprisoned and forced to pay that part of the company's debt (judgment and costs amounting to $14,866.50) owed to Eby, Byres & Co.
The anchorage and stone towers were completed, and the cable wire delivered along with the material for the superstructure, when the railway company became insolvent. The bridge construction was halted. It was later completed as the first cantilever bridge in the US, with a truss for carrying the railway track.
In late 2002, Big City Radio, became insolvent and began the process of selling all of its radio stations."Big City Radio Announces Auction Of Stations", HispanicAd.com. October 05, 2002. Retrieved December 9, 2018. In early 2003, WKIF, WKIE, and WDEK were sold to Spanish Broadcasting System for $22 million.
The Princess Victoria is a public house and former gin palace on the Uxbridge Road, Shepherd's Bush, London W12. First opened in 1829, it closed in June 2017 when its parent company, Affinity Bars and Restaurants, became insolvent, but re-opened in November 2017 under new operators Three Cheers Pub Company.
The Chicago and Pacific Railroad was completed from Chicago to Elgin, with stations at Bensenville, Wood Dale (called Lester) and Itasca. Smith gave the right-of-way to encourage location of the tracks through the settlement. He donated $400 to help build a station. The Chicago and Pacific Railroad became insolvent.
Allard Motor Company Limited was a London-based low-volume car manufacturer founded in 1945 by Sydney AllardThe Times, 13 April 1966, Obituary. in small premises in Clapham, south-west London. Car manufacture almost ceased within a decade. It produced approximately 1900 cars before it became insolvent and ceased trading in 1958.
Engineer Frederick Ayers became involved with the company in 1923 when his company started supplying parts to the fledgling Adana Agency. He became friends with Aspinall, and began to offer design advice. As one of the company's creditors, he was able to purchase the assets cheaply in 1940 when the company became insolvent.
Work resumed in 1893. The Idaho Mining and Irrigation Company became insolvent in 1891, and contractor Bradbury filed a lien against the company that year. Bradbury continued construction on the canal, apparently financed by his own money. He purchased the canal, right of way, and water rights in a sheriff's auction in 1894.
Boscawen was an accountant in the 1980s, but became insolvent after borrowing heavily to invest in the sharemarket before the stockmarket crash of 1987. With help from his parents, he was able to return to investing, developing the K-Mart Plaza in Hastings. He became an associate member of the New Zealand Business Roundtable.
In 2003, while Chico was chairman and simultaneously running for the US Senate, Altheimer became insolvent and dissolved. Some partners blamed the bankruptcy on poor management by Chico, while an attorney who sat on two financial committees blamed an economic downturn. Chico also served as Special Counsel to Arnstein & Lehr in 2003 and 2004.
In 1991, the Buffalo Savings Bank company became insolvent and was dissolved. The building currently serves as a branch of M&T; Bank and has been designated a City of Buffalo Landmark. Key Center North Tower and Key Center South Tower are across Main Street from the building. The Electric Tower is to the southeast.
Drainage attempts at Mingo had not been completely successful, at least in part because of the overflow from the St. Francis River. Also, the soil was not as productive as in other areas of the Bootheel. During the 1930s, Mingo District became insolvent. The remaining timber was cut by anyone without regard to ownership.
The savings bank became insolvent in 2012 after years of asset-stripping, including the mysterious disappearance of its artistic collection. The fallout of the scandal affected high- and mid-ranking officials of the regional party UPN (Unión del Pueblo Navarro) who held political and managerial positions both within the bank and the Government of Navarre.
Timex Group USA, Inc. (formerly known as Timex Corporation) is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into Timex Corporation. In 2008, the company was acquired by Timex Group B.V. and was renamed Timex Group USA.
The History of Parliament. Retrieved 8 October 2018. He became a partner in the firm of Turner, Sawbridge, and Caswall, who traded as the Hollow Sword Blade Company. He was one of the original directors of the South Sea Company and was banned from the House of Commons and fined after that company became insolvent.
In August 2018 the team's assets were purchased by Racing Point F1 Team, and continued to race under the Force India name for the remainder of the 2018 season. He is also known for having launched Kingfisher Airlines, a major business venture in 2005 that later became insolvent and was shut down in 2012.
It was sold to Canadian Shipbuilding & Engineering Ltd. but later became insolvent. The shipyard was reacquired by Upper Lakes Group in 2007, along with a dockyard in Thunder Bay, Ontario. The company reorganized the shipyards, and other endeavours located in Hamilton and Port Colborne, Ontario into a new division named Seaway Marine & Industrial Incorporated.
With land prices falling and his timber company also suffering, Larnach's financial position was declining. Larnach became depressed, and withdrew from society. He is reported to have begun drinking heavily. He eventually became insolvent, although Larnach Castle and various other assets had been transferred to the ownership of his wife, Eliza, and were therefore spared.
This 'closed book' was sold to Chesnara for £47.5 million on 5 May 2005. The Prudential re-entered the Irish market under its own name, then sold their second Irish operation to the Insurance Corporation of Ireland (ICI). Allied Irish Banks took over Insurance Corporation of Ireland. Shortly afterwards, the general insurance company became insolvent.
After graduating from Oxford, he was admitted to practice as a solicitor in 1998 and later became a partner at Northampton law firm Scott Fowler. In January 2020, he was fined £17,500 by the Solicitors Disciplinary Tribunal after he was found to have failed to warn investors involved in an off-plan property development which subsequently became insolvent.
An annual competition was play out from 1997/98 to 2007/08, when and Apertura and Clausura format was adopted. Now after the regular season, play-offs are played. There is a constant change of teams in the league, as 13 clubs became insolvent just between 2008 and the beginning of 2011 and had to withdrew from the league.
His Suresnes business was to continue, still under British control, under the name Talbot until 1935 when it was acquired by investors led by the Suresnes factory's managing director, Antonio Lago. S T D Motors Limited, previously known until 1920 as A Darracq and Company (1905) Limited became insolvent and was liquidated during 1935 and 1936.
Thereafter, The Star's newspaper editorials were consistently critical of Wilson. In 1915, Smith's financial interests collapsed, and he became insolvent, leaving his creditors only six cents for each dollar of debt. He sold his newspapers that year, leaving Paul Block as their President. He died in Newark, aged 75, and was interred in Holy Sepulchre Cemetery, East Orange.
Stax Ltd. was founded in 1938. Twenty-two years later, in 1960, Stax released their first electrostatic earspeaker, the Stax SR-1. Over the following thirty-six years Stax produced a variety of amplification, earspeaker, tonearm, CD player, DAC, phono cartridge and loudspeaker products. In 1995, fifty-seven years after the company’s foundation, it became insolvent.
In 1946 Cavalcanti left Ealing over a dispute about money. He went on to direct three more films in the UK, before returning to Brazil in 1950. In Brazil Cavalcanti became head of production for Companhia Cinematográfica Vera Cruz; though the company eventually became insolvent. After being blacklisted as a communist in Brazil, he moved back to Europe.
Ascaron Entertainment was a video game developer based in Germany. Founded as Ascon by Holger Flöttmann in 1991 and later renamed in October 1996 due to the possible confusion with the Swiss company Ascom AG,Die Akte Ascaron - Große Hits, große Reinfälle gamestar.de the company produced titles primarily for the PC until it became insolvent in 2009.
Crampton entered a partnership with Sir Morton Peto and Edward Betts to undertake part of the construction of the London Chatham and Dover Railway. When the partnership became insolvent in 1867, Crampton was made personally bankrupt,The Morning Post, 23 July 1868. but, unlike Peto and Betts, managed to retain his good reputation and continue in business.
In 2009 Straubing was relegated from the Bezirksliga and the club dropped through the ranks from there, to the Kreisklasse in 2011 and the A-Klasse in 2013. The club became insolvent in April 2013 and was automatically relegated from the Kreisklasse to the A-Klasse. The club however did not field a team in 2013–14.
About a decade later, in 1784, Priestley revived the Theological Repository, but he again became responsible for much of the journal's content and again the journal became insolvent after several issues (1784, 1786, 1788).See Schofield, Vol. 2, 202–207 for an analysis of Priestley's contributions. Joseph Johnson, Priestley's close friend and publisher, was responsible for issuing the journal.
8; Issue 25687; col E. and therefore the shares they had been paid in became worthless. They were unable to pay their creditors and became insolvent in the following year. Only minor works were to follow for Betts; small alterations to the Metropolitan Railway and an abortive attempt to improve the navigation of the River Danube.
Volcanic moved to New Haven in 1856, but by the end of that year became insolvent. Oliver Winchester purchased the bankrupt firm's assets from the remaining stockholders, and reorganized it as the New Haven Arms Company in April 1857. Benjamin Henry continued to work with Smith's cartridge concept, and perfected the much larger, more powerful .44 Henry cartridge.
Owing to cheaper lighters from Japan, the company became insolvent in 1985 and was sold to another owner, who cut back production bit by bit until in the end, in 2000, he let the remaining workers go because the outside marketing company likewise ended up going bankrupt. Today, remaindered stock is being sold worldwide through a North German company.
H.B. Claflin & Company was a Manhattan-based dry goods business which was incorporated in 1890. The company acted as wholesalers who were middlemen between manufacturers and retailers of dry goods. The corporation became insolvent in June 1914, with a debt of $34,000,000. Judge Learned Hand of the United States District Court in New York appointed receivers for the firm on June 25, 1914.
Park Row Trust Company was a New York City based bank which was organized beginning in January 1930 at 154 Nassau Street (Manhattan). It opened for business on March 1, 1930.In and Out of the Banks, Wall Street Journal, January 25, 1930, pg. 9. Its location was the same as the Clarke Brothers Bank which became insolvent in June 1929.
He also had a directorship in the newly created Bank of Australia, but at its collapse in 1843 Macarthur became insolvent, lost most of his property, and relocated to Ipswich, in the Moreton Bay District of the Colony of New South Wales (later the Colony of Queensland), where he was given a commission as police magistrate from 1 January 1852.
Because he was obliged on occasion to extend credit his customers, he was affected by the financial difficulties of others and often found himself owed money when they became insolvent. In 1807, Tod was forced into bankruptcy himself and had to sell most of his property. He was able to continue on in business on a smaller scale but moved into rented quarters.
The partnership between Ridsdale and Gully quickly broke down following a disagreement over money and their relationship ended in a physical altercation at a hunt in November. Gully was eventually prosecuted and obliged to pay damages of £500 for assaulting his former "friend". Ridsdale, despite his massive gambling wins, became insolvent and was forced to sell all his property in 1836.
The business was started by James Collins and David Younger in 1979 in a building in Broughton that had previously been an abattoir. The company became insolvent in 1995, and was taken over by Giles Litchfield; in 2015 it again came under new management. In 2018 more than 60% of its beer was for bottling; it also produced some cask ales.
The takeover was made possible by an exchange of stock. It brought about satisfactory economies of operations through the combination of the sales forces of the two companies.Gen. Laundry Machine, Wall Street Journal, December 20, 1929, pg. 6. In May 1931 the corporation's assets exceeded its liabilities, yet it became insolvent because it was unable to pay its debts as they came due.
With the acquisition of the programs for performing arts venues, Playbill broke from its typical format and began publishing completely customized programs in the vein of Stagebill. This, coupled with continuing fiscal troubles, signaled the end of Stagebill as a publishing entity; later that year, Stagebill became insolvent after five years of head-to-head competition with Playbill, which acquired the Stagebill trademark.
In the 1980s, during the savings and loan crisis, the FSLIC became insolvent and was abolished; its responsibility was transferred to the FDIC. Some financial institutions offer insurance in excess of FDIC or NCUA limits. For example, the Depositors Insurance Fund insures excess deposits at Massachusetts-chartered savings banks. American Share Insurance provides excess share insurance at participating credit unions.
The site was located near sewage ponds and a longtime manufacturer of chemicals which had contaminated the land. Ground water was also found to have high radioactive levels. Rhodes graded the property in the late 1990s, but never began construction. His lender became insolvent and he sold the property in 2000 to Commerce Associates, which renamed the project Tuscany Hills.
Little Orphant Annie was one of the last films produced by Selig Polyscope Company. By the end of 1918, shortly before the film's December 1918 release, the company became insolvent and was absorbed by Fox Film Corporation. The film was initially distributed by Pioneer Film Corporation on a state's right basis. In March 1919, distribution rights were sold to World Film Company.
When Brassey's business friend, Edward Betts, became insolvent in 1867, Brassey bought Betts' estate at Preston Hall, Aylesford in Kent on behalf of his second son, Henry.Preston Hall History, Weston Homes PLC, 25 January 2015. Retrieved 5 December 2017. In 1870 Brassey purchased Heythrop Park, a baroque house situated in an estate of northeast of Oxford as a wedding present for his third son, Albert.
Shanly completed this work satisfactorily but subsequently encountered financial difficulties with a Midland Railway of Canada contract, and the work on the Bruce Extension from Mount Forest to Harriston was awarded solely to McKenzie. After the death of his partner, John Shedden, William Innes McKenzie himself became insolvent and the line from Harriston to Teeswater was completed in November 1874 by small contractors from Mount Forest.
In the > earlier episodes, depositors ran to their banks and demanded cash in > exchange for their checking accounts. Unable to meet those demands, the > banking system became insolvent. The current panic involved financial firms > "running" on other financial firms by not renewing sale and repurchase > agreements (repo) or increasing the repo margin ("haircut"), forcing massive > deleveraging, and resulting in the banking system being insolvent.
The Financial Assistance Scheme (FAS) is part of the UK welfare system that offers help to members of eligible schemes who have lost out on their pension either because their employer became insolvent between 1 January 1997 and 5 April 2005, or is solvent but under a "compromise agreement" no longer has to meet its commitment to pay its debt to the pension scheme.
For 1953 the MAC was updated with fully adjustable rear suspension, swinging arm and a tube frame. The clutch and gearbox were also greatly improved. From 1954 the MAC was sold as a sidecar machine to try to broaden the appeal but production was halted by 1960. The company had invested £50,000 developing the Velocette Viceroy scooter and, despite continued sales of the singles, Velocette became insolvent.
See account in Robinson, pp. 175–78. The one-shilling entrance charge was quintupled for the first night, and halved for the Tuesday performance. However, production costs had been high and the Royal Surrey Gardens Company was itself having financial problems. It became insolvent immediately after the festival, and as a result Seacole only received £57, one quarter of the profits from the event.
Therefore, most Ersatzschulen have very low tuition fees or offer scholarships, compared to most other Western European countries. However, it is not possible to finance these schools with such low tuition fees, which is why all German Ersatzschulen are additionally financed with public funds. The percentages of public money could reach 100% of the personnel expenditures. Nevertheless, Private Schools became insolvent in the past in Germany.
The BAC never had more than sixteen ships at any time, and between 1693 and 1702, fifteen ships were lost to French attacks. In November 1695, French forces looted the Brandenburg (but not the Danish) colony on Saint Thomas. In 1731, the Brandenburg-Prussian company on Saint Thomas became insolvent, and abandoned the island in 1735. Their last assets were sold at auction in 1738.
CSR subsequently became insolvent, as it was unable to redeem the bonds. Within two years, it was taken over by the railroad magnate Cornelius Vanderbilt at essentially no cost other than taking on the guarantee of them. When Cornelius died in 1877, his son, William Henry Vanderbilt, became head of the Vanderbilt railroad empire. The younger Vanderbilt took steps to separate the various railroad properties he controlled.
MicroGraphicImage was founded by former employees of a company called Games by Apollo. Games by Apollo had been among the companies that had overproduced games for the Atari 2600, creating a glut of cheap games. In the pre-Christmas market of 1983, the company became insolvent. At the time, they had several games in the works for a number of platforms, including the Atari 400/800.
On the negative side, both VfL Bad Nauheim and Berliner SC became insolvent and dropped out of the league.Klein, p. 76–77 EV Landshut celebrating the 1982–83 championship The league shrunk in size in 1982–83, now having only ten teams again. A double round of home-and-away games, 36 each, was followed by the play-offs contested by the top eight.
This siding was on the southern outskirts of Lindenberg (Pfalz) and served the Knöckel, Schmidt & Cie paper factory. It could only be accessed by using the eastbound track for trains running to Neustadt but running to the west. The company main traffic was the supply of coal before it became insolvent in 2005. The points that connected to the siding were dismantled in 2011.
The same year there was a downturn in Great Britain's economy that stopped investment in the United States. As a result, the U.S. economy went into a depression, banks became insolvent, the national debt (previously paid off) increased, business failures rose, cotton prices dropped, and unemployment dramatically increased. The depression that followed lasted for four years until 1841, when the economy began to rebound.
The partnership was unable to pay their creditors and became insolvent in the following year. Neither Peto nor Betts' reputations for financial propriety recovered from the LCDR debacle. Both died in obscurity, Betts in 1872 and Peto in 1889. The partnership insolvency rumbled on with the final dividend meeting, making payments to their creditors being held on 6 June 1898, over 30 years after the insolvency commenced.
The year 1997 was a devastating year for both the people of South Korea and the country. By November 1997, many conglomerates including Hanbo, as well as several chaebol groups, were bankrupt. In addition, numerous banks became insolvent. In spite of both the Bank of Korea and the government's effort to curtail the economic turmoil, the exchange rate and the stock market went into a free-fall.
The Mega supermarket chain owned by the company went into receivership, and the latter became insolvent. In 2016, Alon Blue Square was fully acquired by Moti Ben-Moshe and became a private company. In December 2019, Alon Blue Square acquired the Gindi family's 50% stake in TLV Fashion Mall, a shopping mall in Tel Aviv, for million, making it the sole owner of the property.
Stagebill was a monthly U.S. magazine for theatregoers. Most copies of the publication were printed for particular productions and distributed at the door as the show's program. It was launched as a direct rival to the highly successful monthly Playbill. But after five years of head-to-head competition with Playbill, Stagebill became insolvent and was acquired by its rival which also kept the Stagebill trademark.
Swiss Agency will Open, Bank to Occupy Quarters in the Equitable Building. The New York Times, 15 October 1939 During the war, the banks' traditional business fell off and the Swiss government became their largest client. In 1945, SBC acquired the Basler Handelsbank (Commercial Bank of Basel), which was one of the largest banks in Switzerland, but became insolvent by the end of the war.
The complete line would have been 75 miles (121 km) long. The portion from Bluffton to Pennville was opened in 1903, from Pennville to Portland in 1904, and from Bluffton to Huntington in 1908. In that same year, the company became insolvent and a receiver was appointed. Construction was in hand on the section from Bluffton to Union City, but this was never completed.
In 2013 the district had 850 students. The school district became insolvent in 2012 and Bill Estep of the Lexington Herald-Leader described the district as "troubled". On December 17, 2012, the Monticello schools board voted for the Kentucky Department of Education management of their schools which was expected to result in a merger with Wayne County Schools. On June 30, 2013 it closed and was merged into Wayne County Schools.
The Cologne Crocodiles are an American football team from Cologne, Germany. The club's greatest success came in 2000, when it won the German Bowl for the first and, so far, only time. Prior to this, the club had made five losing appearances in the championship game, stretching from 1982 to 1997. The club, a long-term member of the German Football League, became insolvent in 2003, folded and reformed.
Before being elected governor, Wilkinson asked the Kentucky attorney general to rule on his ownership of the Holiday Inn Capital Plaza Hotel in Frankfort. The ruling stated that he should sell the hotel, and in November 1987, Kentucky Central Life Insurance, a state-regulated company, purchased the property for $12 million, which included $8.2 million of debt.Adams, pp. 242–243 Kentucky Central became insolvent in 1994 and was ordered into liquidation.
Henry Bischoff & Company was a New York City banking house which became insolvent in January 1914. The business was started more than forty years prior to its failure by New York Supreme Court justice Henry Bischoff (1827–1902). From March 7, 1902 the bank was owned by Bischoff's son-in-law, James S. Meng and William J. Beacher, formerly Bischoff's partner. It was located at Tryon Row and Centre Street.
The Manlius School was founded in Manlius, New York, in 1869, as St. John's Academy, a nonsectarian school, by the Episcopal Bishop of New York, in the former Manlius Academy (started in 1835) buildings. However, by 1880 attendance had fallen to the point where the school became insolvent. In 1881, the school added some military training, which was added to the program in 1881. WWI memorial plaque, St. John's Academy, 1922.
The German commercial television station Joiz.Germany began to broadcast episodes of Jung & Naiv six months later, but stopped in November 2014 when the station became insolvent. Notable guests on Jung's show were politicians, journalists and other commentators, including Peer Steinbrück, Jürgen Trittin, Heiko Maas, Jeremy Scahill, Noam Chomsky, and Glenn Greenwald. In 2015, Jung shifted his focus to the Bundespressekonferenzen, the regular press conferences of the German government.
During Oakden's time in the Clare Valley Mount Oakden (altitude ) at nearby Penwortham was named for him. He was a close associate of neighbouring pastoralist John Ainsworth Horrocks, whose brother Arthur Horrocks resided with Oakden at Kadlunga from 1846 until his marriage in 1850, at which Oakden was groomsman. In 1846 Oakden had leased Kadlunga from Stein, who in 1848 became insolvent. Oakden then managed it until 1850.
The soft drink was later renamed Mr Pibb. Dr Pepper became insolvent in the early 1980s, prompting an investment group to take the company private. Several years later, Coca-Cola attempted to acquire Dr Pepper, but was blocked from doing so by the Federal Trade Commission (FTC). Around the same time, Seven Up was acquired from Phillip Morris by the same investment company that bailed out Dr Pepper.
The building was first occupied by the Crook County Bank. When the Crook County Bank left in 1923, it was replaced by the Bank of Prineville and later the Prineville National Bank. When that bank became insolvent during the Great Depression, the building was purchased by A. R. Bowman for his title and insurance business. Bowman used the building for his various businesses from 1935 until his death in 1970.
Because of the 1998 Russian financial crisis, Rossiysky Kredit became insolvent and lost much of its deposits. In 1999 the bank came under the control of the Agency for Restructuring Credit Organizations (ARKO, the predecessor of the Deposit Insurance Agency of Russia). In 2003 Rossiysky Kredit emerged from restructuring and passed out of ARKO control. In 2011, Rossiysky Kredit became part of the Russian bank deposit insurance system.
By the late 1960s, competition from Japanese manufacturers and a rapidly declining home market had driven the whole British motorcycle industry into decline. In 1966 AMC became insolvent and was reformed as Norton-Villiers, part of Manganese Bronze Holdings Ltd. The 750 Norton Atlas was noted for its vibration. Rather than change engines Norton decided to change the frame, and the isolastic-framed Norton Commando 750 was the result.
Jilhavan Aircraft built the Kappa Sova for Kappa 77 from 1997 to 2004 and obtained marketing rights in 2005 when Kappa became insolvent. They became a subsidiary of Skyleader Aircraft in 2008 when the type was redesignated Jihlavan Skyleader. It is an all-metal design apart from a carbon fibre cockpit frame. It has two-spar tapered wings with 6° of dihedral, electrically operated Fowler flaps and upturned Küchemann tips.
The United States Motor Company was a large conglomerate of automobile manufacturers. It was deeply in debt and at the end of 1912 became insolvent. Early in 1913, the Maxwell Motor Company survived the breakup of the conglomerate (and would later evolve into the Chrysler Corporation). At this time, the head of the reorganization committee asked Rosenberg to replace Maxwell's retiring president, Benjamin Briscoe, move to Detroit, and manage the company.
Since the Lincoln electorate was established in 1881, it had been held by Arthur O'Callaghan. O'Callaghan was taken to the Christchurch Magistrate's Court over unpaid wages towards the end of 1888. He became insolvent and resigned from Parliament on 9 November 1888. John Ollivier, best known for his activities on the Canterbury Provincial Council and last represented in Parliament in 1860, announced his candidacy on the day of O'Callaghan's resignation.
The depression that ensued became known as the Panic of 1893. Among those who became insolvent in 1893 was a McKinley friend, Robert Walker. McKinley had co-signed promissory notes for Walker, and thought the total to be $17,000. Walker had deceived McKinley, telling the governor that fresh loans were renewals of old ones, and the total indebtedness, for which McKinley had made himself liable, was over $130,000.
Bo Stefan M. Eriksson (born December 14, 1961) is a Swedish criminal from Uppsala involved in the UK gaming company Gizmondo with his business partner Carl Freer, until it became insolvent in 2005. In February 2006, he became known for wrecking a Ferrari Enzo in Malibu, California, USA. He was the leader of the loose criminal organization "Uppsalamaffian" (The Uppsala mafia) until he began to develop the Gizmondo.
News Corp had taken control of the airline with TNT in 1979. Eddington was appointed Deputy Chairman of News Limited in September 1998. He was further promoted to the News Corporation board in September 1999. In a timely manoeuvre, News Corporation sold off Ansett; the airline eventually became insolvent in 2001 partly as a result of the overall difficulties in the airline industry following the 9/11 terror attacks.
Shellenberger installed a rock crusher atop the mountain, which also provided revenue. A major forest fire destroyed both the Wopsononock Hotel and the coal tipple at Dougherty on April 30, 1903. When the railroad became insolvent again, Shellenberger was appointed receiver on June 4, 1909. It was once more sold under foreclosure on April 30, 1910, to H.A. Davis, and reorganized as the Altoona, Juniata and Northern Railway.
The 4/21 used a McCauley variable-pitch propeller, autopilot, electric flaps and IFR instrumentation. An all-metal derivative design, the CE-43 Guépard (Cheetah) was produced by CERVA, a production company which Wassmer and Siren SA formed. It used the same engine as the Prestige (which by 1971 had been upgraded to a 250 hp Lycoming IO-540). Wassmer suffered financial difficulty in 1977, and became insolvent in September 1977.
In 1922, Lincoln became insolvent and was bought out by Henry Ford's Ford Motor Company. Ford's bid of $8 million was the only bid at a receivers sale. Ford had first offered $5 million, but the judge would not accept it for a well-equipped company whose assets were conservatively estimated at $16 million.. Ford deliberately low-balled his offer as revenge against Leland's role in the creation of Cadillac.Bak p. 135.
Dozens of U.S. banks received funds as part of the TARP or $700 billion bailout. The TARP funds gained some controversy after PNC Financial Services received TARP money, only to turn around hours later and purchase the struggling National City Corp., which itself had become a victim of the subprime crisis. As a result of the financial crisis in 2008, twenty-five U.S. banks became insolvent and were taken over by the FDIC.
BMW retained ownership of the Rover marque, allowing MG Rover to use it under licence. In April 2005, Rover-branded cars ceased to be produced when the MG Rover Group became insolvent. The MG Rover Group's assets then got split up between two Chinese automakers – some were bought by SAIC Motor, who obtained technology that was incorporated into a new Chinese line of Roewe branded luxury saloons. Other assets were bought by Nanjing Automobile.
In January 1900, following the decision of both the CPR and the GTR to build their own locomotives, the CL&EC; once again became insolvent, and the plant was closed. It was bought by new investors and incorporated in February 1901 as the Canadian Locomotive Company Ltd. Improvements followed which allowed production of one locomotive per week. Reorganization once again took place under new management in June 1911 although the name remained the same.
Dutton was born in England, a son of John Dutton. In the 1830s he ran a store in Singleton, New South Wales with his brother Henry Pelerin Dutton (c. 1803 – 30 January 1870); the partnership broke up in 1837. H. P. Dutton (for a time reported as "Henry Pelham Dutton"), then ran a property on the nearby (St.) Patrick's Plains, became insolvent in 1844, and took up a pastoral lease in Queensland.
As a consequence of the Depression of 1837 the company then became insolvent and closed. Sellers then moved to Cincinnati with his brother Charles and established a factory for making lead pipe from hot fluid lead. He patented his invention of the machinery that was capable of doing this. This business was eventually sold out and merged into a company that was a major producer of lead pipe in the United States.
The 1972–73 season saw two new clubs in the league, BFC Preussen and Rot-Weiß Neukölln, both promoted from the Amateurliga Berlin, while no club had been relegated from the Bundesliga to the league. The league played a home-and-away round, after which it was split into a championship and relegation round. Former Bundesliga club Tasmania 1900 Berlin became insolvent at the end of the 1972–73 season and folded.
Freeman Cobb lost money in banking investments and returned to Adams & Co to manage their Boston agency. In 1871 he took his family and settled in Port Elizabeth, South Africa where he operated a coach service to the diamond fields at Kimberley under the name Cobb & Co. His health failed and his profitable business suffered and became insolvent in 1878 a few months before he died in Port Elizabeth. His family returned to Brewster.
He was the son of Henry Arthur Herbert (1815–1866), and his wife the Scottish watercolourist Mary Balfour Herbert. His great-grandfather was Henry Arthur Herbert (1756–1821), MP for Kerry from 1806–1813, He inherited his father's Muckross House and estate, near Killarney. In the 1870s this estate amounted to over 47,000 acres in County Kerry. Under Henry Arthur Herbert's reign the fortunes of the Muckross estate declined until it became insolvent in 1897.
Hans Jacob Leu : Allgemeines Eydgenössisches oder Schweitzerisches Lexicon [...], vol 15, pg. 368 In 1764, the Baron Joseph Leopold von Roll von Bernau sunk his fortune into the production of fustian cloth. After the business failed he became insolvent. When his creditors attempted to sue him in Waldshut the bailiff determined that the living quarters of the Baron in Bernau Castle were actually in Swiss territory and that they should contact the bailiff in Baden.
In the mid 1950s vertical sun shades were added to the three prominent vertical window bands facing the intersection possibly due to heat gain on the then un-air conditioned building. These were removed in recent renovations. The Golden State Mutual Life Insurance company occupied the building until 2009 when the company became insolvent. The California Department of Insurance forced the liquidation of the company and its assets, including its building and its art collection.
She scored the winning goal after Caroline Seger's shot had hit the post. Edlund returned to training with Tyresö FF ahead of the 2014 season, after missing much of the previous campaign due to maternity leave. When Tyresö became insolvent and were kicked out of the league, Edlund rejoined her first senior club Sunnanå SK. In December 2014 she announced her second pregnancy and retirement from football at the age of 29.
Nicholas Canny (Oxford : Oxford University Press, 1998), p. 259 The Company was unable to withstand competition on the terms imposed by the Act and in 1708 became insolvent, surviving until 1750 in a state of much reduced activity. The Company continued purchasing and transporting slaves until 1731, when it abandoned slaving in favour of ivory and gold dust. From 1668 to 1722, the Royal African Company provided gold to the English Mint.
There was violence when some 'blacklegs' were assaulted and many colliers left the area to seek work elsewhere. In 1894, John Osmaston who operated the Dearham Colliery became insolvent and the bank took over his pits. Two groups of local miners formed co-operatives and leased the mines at Crosshow and Townhead from the Lowthers. They found it impossible to compete with the other wealthy coal-owners in a tight market and also had serious problems with drainage.
Deutsche Bahn AG sold the building in February 2004 to First Real Estate Grundbesitz GmbH (FRE), which became insolvent in the autumn of 2007. In due course, Property First GmbH of Dortmund, Main Asset Management GmbH and the Luxembourg company Patron Elke S.a.r.L took possession. On 20 June 2015, the building was sold at an auction held by the auctioneer Karhausen AG for the "exceptionally high" price of €120,000 to a bidder who was resident in Limburg.
He had disposed of William Holland and Sons in 1898, and with the moneys received had made a number of unwise investments in Chinese mines and railways and Japanese bonds. In 1917 Lord Rotherham became insolvent, and was forced to make a settlement with his creditors. William Holland married Mary Lund in 1874, and they had one son; Stuart Lund Holland, born in 1876. His wife converted to Roman Catholicism in 1905, and he followed suit in 1922.
In Britain the number of active credit unions fell from 565 in 2004 to 390 in 2012; some merged, but others became insolvent. Six ceased trading in 2012, and at least eight had ceased in 2013 by the end of July. However, the number of members has increased from 1.04 million in 2012 to 2 million in 2018. Many credit unions are actively engaged in battling high interest payday loan organisations and loan sharks, offering an affordable credit alternative.
It was later purchased by Von Essen Hotels, which became insolvent in 2011. In September 2011 it was expected that London & Regional Properties would purchase the hotel, but negotiations ended in January 2012 without a deal. On 2 April 2012, investment company the Topland Group announced that it had purchased the Royal Crescent Hotel. In the 1970s the resident of No 22, Miss Amabel Wellesley-Colley, painted her front door yellow instead of the traditional white.
In 1878 the SNB became insolvent, and was taken over by the NOB. In 1881, a link between the Oerlikon to Bülach line and the Furttal line was constructed to allow trains to run from Oerlikon to Opfikon, and in 1909 a curve was added to also allow trains to run from Oerlikon to Seebach. In 1912, the current station building replaced that of 1865. In June 1969 the Käferberg Tunnel was opened, providing a second route to Hauptbahnhof.
During the 1998-1999 economic crisis, over 20 banks in Ecuador became insolvent. The government, however, focused all its blame for the crisis on the Isaias brothers and Filanbanco, which had close political ties to the opposition party. At the end of the financial crisis, the Ecuadorian government assumed control of Filanbanco, which it eventually closed down in 2001. The bank crisis (“Crisis Bancaria”) started after the government of Ecuador took over and became the sole owner of Filanbanco.
Under Gustavsson's leadership Tyresö FF won their first Damallsvenskan title in 2012, after a dramatic last day win over rivals Malmö. Madelaine Edlund scored the winning goal after Caroline Seger's shot had hit the post. Gustavsson also led Tyresö to a 4–3 defeat by Wolfsburg in the 2014 UEFA Women's Champions League Final. Tyresö became insolvent in 2014 and were kicked out of the 2014 Damallsvenskan season, expunging all their results and making all their players free agents.
This period of time was marked by a lack of innovation in Switzerland at the same time that the watch-making industries of other nations were taking full advantage of emerging technologies, specifically quartz watch technology, hence the term "quartz crisis". As a result of the economic turmoil that ensued, many once-profitable and famous Swiss watch houses became insolvent or disappeared. This period of time completely upset the Swiss watch industry both economically and psychologically.
The club was established in 1923 and following a second-place finish in the Verbandsliga Westfalen (V) in 2007 was promoted to the Oberliga Westfalen (IV). The club experienced financial difficulties, became insolvent and was dissolved in early 2010. It was succeeded by a new club, DJK Alemmannia Gladbeck.Alemannia Gladbeck folgt auf Germania Revier Sport, published: 5 March 2010, accessed: 27 March 2015 Germania played its home matches in the Stadion Gladbeck in the Sportplatz Krusenkamp.
The United American Bank collapsed on 14 February 1983. It was the fourth-largest bank failure in U.S. history up to that time. Seven other Butcher-controlled banks and the Southern Industrial Banking Corporation, a state licensed loan and thrift company run by C.H. Butcher, also became insolvent during the rest of 1983, and an additional three banks in 1984. The FDIC estimated that its losses in connection with the failed Butcher brother banks totaled approximately $382.6 million.
On August 21, 2009, Guaranty Bank, in Texas, became insolvent and was taken over by BBVA Compass, the U.S. division of Banco Bilbao Vizcaya Argentaria, the second-largest bank in Spain. This was the first foreign company to buy a failed bank during the financial crisis. In addition, the FDIC agreed to share losses with BBVA on about $11 billion of Guaranty Bank's loans and other assets. This transaction alone cost the FDIC Deposit Insurance Fund $3 billion.
The company moved to New Haven (without Smith or Wesson) in 1856, but by the end of that year became insolvent. Oliver Winchester and his partner John M. Davies purchased the bankrupt firm's assets from the remaining stockholders, and reorganized it as the New Haven Arms Company in April 1857. After Smith's departure, Benjamin Henry continued to work with a Smith development project, the self-contained metallic rimfire cartridge, and perfected the much larger, more powerful .44 Henry round.
Spanish progresista statesman Juan Álvarez Mendizábal. Mendizábal proposed the sale of church property (desamortización) by the state as a solution to Spain's financial woes. The Spanish government was growing deeper in debt as the Carlist war dragged on, nearly to the point that it became insolvent. In 1836, the president of the government, Juan Álvarez Mendizábal, offered a program of desamortización, the Ecclesiastical Confiscations of Mendizábal, that involved the confiscation and sale of church, mainly monastic, property.
The house and extension have distinctive bargeboards with wavy edges. The photograph also shows a roof in the location of the existing small shed located to the east of the house and a mature garden. In the same year the Bucklands acquired a near neighbour to the east when Kate Quinlan erected "Maria Ville" (later called 'Eltham'). In 1892, Buckland became insolvent although according to the Post Office Directories he remained at Runnymeade until the mid-1890s.
In May 2008, it was the target of a federal Immigration and Customs Enforcement raid.Postville Raid Subsequently, a criminal complaint was filed against Agriprocessors and its principal for alleged violations of child labor laws. As a result of its legal problems, Agriprocessors became insolvent and was run by a Chapter 11 bankruptcy trustee until bought at auction in July 2009 by SHF Industries. It resumed business as Agri Star Meat & Poultry, LLC under the new ownership.
The FT noted that FREP only has 15 employees with an annual budget of €6m. FREP was thought to be too under-resourced to adequately audit Wirecard, and only concluded that the published accounts were inadequate after the company became insolvent. On 1 September 2020, the German parliament announced that will organise an inquiry in order to fully investigate the reasons why the government failed to prevent corporate fraud. The scandal has highlighted the close ties between German politicians and Wirecard.
As of August 14, 2009, an additional 77 banks became insolvent. This seven-month tally surpasses the 50 banks that were seized in all of 1993, but is still much smaller than the number of failed banking institutions in 1992, 1991, and 1990. The United States has lost over 6 million jobs since the recession began in December 2007. The FDIC deposit insurance fund, supported by fees on insured banks, fell to $13 billion in the first quarter of 2009.
Daeseong Industries had to expand its business through construction, retail distribution and hotel business, but its financial structure quickly became insolvent. Daeseong Industries had around 400 billion won in loans until 2007, but at the end of 2011, its debt rose to 278.8 trillion won due to the repayment of the D-CUBE City Construction Project Financing (PF) KRW 977 billion. Accordingly, it sold the D-cube office, D-cube hotel in 2012, and the D-cube department store in November 2014.
The university was founded in 2007 and was initially housed at Bombo Military Barracks in Bombo, in Luweero District. An affiliated school of military engineering was later opened and initially housed in Magamaga in Jinja District. Both units were combined with a third unit, originally based in Nakasongola and moved to the premises in Lugazi in January 2011. The real estate in Lugazi was acquired by the UPDF, from the former Lugazi University, which became insolvent and closed on 30 December 2010.
In 2009, Network Rail announced that it would begin replacing wooden ties with recycled plastic. but I-Plas became insolvent in October 2012. In 2012, New Zealand ordered a trial batch of "EcoTrax" brand recycled composite ties from Axion for use on turnouts and bridges,Track & Signal Autumn 2013, p23 and a further 3-year order in 2015, but then Axion filed for bankruptcy in December 2015, though it continues to trade. These ties are developed by Dr. Nosker at Rutgers University.
Petrolul's debut in European football was recorded in 1958, when they faced Wismut Karl Marx Stadt of East Germany in the preliminary round. In recent history, Petrolul became insolvent in February 2015 and dissolution followed, however supporters and club legends refounded and enrolled it in the fourth division in the summer of 2016. Petrolul's current home colors are yellow and dark blue. Accordingly, the players are nicknamed "the Yellow Wolves" and play their home games at the 15,500-seater Ilie Oană Stadium.
John Sontag died of his wounds in custody, and Chris Evans was also sent to Folsom upon his conviction of the crime. As a speculative venture, the old and very rich Bank of California purchased a huge tract of land in every County of California. The arid, barren land around Kerman seemed to be a good venture, so that happened to be the allotment for Fresno County. After the death of its promoter, the bank became insolvent and its property was liquidated.
In 1838 Warringal Village was subdivided into nine portions (ranging in size from one to two square miles), with one of the largest portions, number 5, being purchased in 1840 by settler James Watson. He named the land Rose Anna Farm, after his wife Elizabeth Anna Rose. However, in April 1843 Watson encountered financial difficulties, was charged with fraud and was successfully sued. His company became insolvent and he was subsequently forced to subdivide and sell lots of the farm.
Later the development company became insolvent and the company's creditor, the Bank of South Australia, sold the lease to SEQ Properties. This company requested a lease to continue operating the caravan park. Subsequently the Department of Natural Resources and Water issued a lease to SEQ Properties for 15 years from 1993. Since then the company has upgraded and operated it a tourist caravan park comprising 190 sites with a selection of waterfront ensuite units, cabins, backpackers units, powered sites and tent sites.
Minor changes have been planning the cabin. In fact it was adapted for the domestic market modification export version trolley ZiU- 682G -010, the production of which began in 1992. On the basis of ZiU- 682G -012 began the further modernization of trolley conducted mainly commissioned Mosgortransa (as most other Russian cities at that time became insolvent ) and divided into several stages. For low voltage power generator instead of 63.3701 and auxiliary engine DC - 661B was set low noise static converter.
In 2003 a new public swimming pool, the "Berners Pool", was opened. The pool, which cost £3.5 million, was designed by architects Hodder Associates and won a RIBA Design Award in 2004.Guardian News and Media : "RIBA Award Winners 2004 : Berners Pool" Retrieved 18 September 2009 However it suffered from high running costs and structural problems and was closed in 2006 when the Community Trust which ran it became insolvent. It was subsequently demolished in 2013 and later replaced by affordable housing.
In 2002 the dry ski slope near Park Road and the Uxbridge Lido was closed and the remaining buildings and structures removed. The Hillingdon Ski Centre had been subject to several arson attacks during 2001 and the company operating it became insolvent. The slope, which had been built in 1977, was left to return to nature. Work began in 2008 to extensively refurbish and extend Uxbridge Lido, and it reopened to the public in February 2010 as the Hillingdon Sports and Leisure Complex.
In 1870, the Münster-Enschede Railway Company received a concession to build a line from Münster to Enschede. When it became insolvent in 1874, the Royal Westphalian Railway Company (Königlich-Westfälische Eisenbahn, KWE) took it over and continued its construction. On 30 September 1875, Burgsteinfurt station was opened together with the line. The Wanne-Eickel–Hamburg railway of the Cologne-Minden Railway Company was of high national importance and the Rhenish Railway Company planned its Duisburg–Quakenbrück railway to compete with it.
There were disputes over the concession with the Mexican Government. In spite of this, the company managed to construct a wagon trail (not a railroad) along the route, and offer a service for passengers and mail from New Orleans to San Francisco, starting in 1858. It was too little too late, however, and the company became insolvent in 1860. The outbreak of the American Civil War and the French intervention in Mexico the following year ended any immediate hope of reviving the project.
Salt Lake City, Utah. On October 11, 1854, Ludington loaned funds to George W. Ford for a sawmill operation in what was then known as the village of Pere Marquette in the northwestern part of the Lower Peninsula of Michigan. When Ford defaulted on the loan and became insolvent in 1859, Ludington took over the operations of this sawmill. In 1854, Ludington filed for the purchase of unsold school land from the state of Wisconsin that was believed to contain some .
Subsequently, a chemical company bought the islands but became insolvent. Captain Alonzo Adams sailed there in 1893 and took possession of the islands; in 1904, he assigned ownership to the Swan Island Commercial Company. That company leased part of Great Swan Island to the United Fruit Company, which grew coconut palms and set up a wireless radio relay station for servicing their Caribbean fleet but eventually abandoned the lease. The Swan Island Commercial Company provided hurricane monitoring data from 1928 to 1932.
In 1989, PASA and the AIDS council of South Australia (ACSA) joined forces to develop an ongoing HIV/AIDS education project with the sex workers of South Australia. This project has had several name changes including 'the PASA project' and 'SWIPE' but has been known as the SA Sex Industry Network or SIN since 1994. SIN was a founding member and continues to be an active member of Scarlet Alliance. In 2013, ACSA became insolvent and SIN was temporarily closed.
Semapimod was developed at the former Picower Institute for Medical Research, and is now licensed to Cytokine PharmaSciences. In 2000, Cytokine PharmaSciences licensed anti-infective applications of semapimod to Axxima Pharmaceuticals, but Axxima became insolvent in Dec. 2004 and its assets were acquired by GPC Biotech, which has recently merged into Agennix AG. Although the disposition of Axxima's partial rights to semapimod was not specified in these merger announcements, Cytokine PharmaSciences does not currently list any licensees for semapimod on its website.
The first Hunt Club race meeting was held at the Thebarton Course on 2 October 1869. Races held were: Hunt Club Cup, Amateur Flat Race, Hunters' Stakes and Hurry Skurry. The meeting was held at the Adelaide Old Racecourse from 1870 to 1874, then Morphettville from 1875 to 1884; then the S.A.J.C. became insolvent and Morphettville was mortgaged and the Hunt Club held its meetings at the Old Course 1885 then back to Morphettville 1886 to 1914, Victoria Park in 1915, then a break until 1919.
The bank was unable to return his deposit and two days later closed their doors. The bankruptcy of Balbus & Ollius, like Lehman Brothers centuries later, triggered a run on the major banking houses and spread throughout the empire. After Balbus & Olius closed their doors, a few days later the Corinthian bank of Leucippus became insolvent. It didn’t stop there as rumors swirled saying that a strong banking house in Carthage was on the verge of closing along with two banks in Lyons and others in Byzantium.
PHP, an HMO with 400,000 enrollees, was on the brink of insolvency. PHP had 4,600 medical providers on its panel, over one-third of whom joined a "PHP Oversight Committee" whose goal was to take over the organization. If PHP became insolvent, the other HMOs were not in a position to offer coverage to its enrollees. PHP and the Oversight Committee were engaged in a court fight in Hennepin County District Court, and, to break the logjam, the parties asked Governor Perpich to intervene.
Yoshimi Ogawa (小川善美, born 1966) is the current president of Index Holdings a mobile content provider based in Tokyo. She was in 2002 the youngest female entrepreneur to lead a technology firm in Japan, being profiled in The Nikkei Woman Online website for her role in developing BowLingual with Tomy. Ogawa made investments outside the technology field, such buying the French football team Grenoble Foot 38. By 2013 Index Holdings eventually became insolvent and found to be in bankruptcy in 2014.
Three rows of seating were added to the front of the Govan Stand upper tier in 2006, linked to a new 'Bar 72' area, increasing the capacity to its present figure of . The Main Stand was renamed the Bill Struth Main Stand in September 2006, to commemorate the 50th anniversary of his death. The Jumbotron screens were replaced in 2011 with modern LED screens. Rangers became insolvent in February 2012 and was unable to reach a company voluntary arrangement with its creditors, principally HM Revenue and Customs.
Its overall layout was also changed to one that greatly resembled the appearance of Le Canard enchaîné ("The Chained Duck"); it accompanied this change with the slogan "Not all ducks are on the left". Nicolas Miquet unsuccessfully attempted in February 1999 to purchase Minute, then in financial difficulty. Two months later, Penciolelli's publishing company became insolvent and was dissolved by the Commercial Court (tribunal de commerce). In the issue dated March 1999, the management appealed to its most faithful readers to save the paper.
Mr. Williams wrote to Restieaux telling him he was to look to Glover Dow & Co for his pay – Restieaux was never paid as the company became insolvent. Restieaux then traded as agent for Ben Pease on Ponape atoll, although that venture failed. In August 1871 Restieaux sailed with Bully Hayes on the Leonora and landed on Pingelap atoll where he traded as agent for Hayes until May 1872. Bully Hayes gave Restieaux a promissory note payable three months from date – this was never paid.
XL Leisure Group confirmed on their website that 11 companies associated with the group had been put into administration on 12 September 2008. This includes XL Airways UK Limited, Excel Aviation Limited, Explorer House Limited, Aspire Holidays Limited, Freedom Flights Limited, The Really Great Holiday Company plc, Travel City Direct. It was the biggest collapse of a British tour operator since 1974 when Court Line became insolvent, affecting 50,000 travellers. XL Airways Germany ceased operations in 2012, while XL Airways France ceased operations in 2019.
Only one club was relegated that season, the EV Füssen, the second- last of the league's founding members that played in it uninterruptedly since day one. Füssen became insolvent at the end of the season, restarted in the 2nd Bundesliga but never returned to the top flight again.Klein, p. 78–79 In the 1983–84 season, the league once more made a slight modus change, introducing a round of two groups of four between the regular season and the play-offs and skipping the quarter finals instead.
On returning, in 1853, he removed his residence to New Haven. In 1854 he was elected a Director of the Cleveland and Pittsburgh Railroad Company, which was then seriously embarrassed, and in 1857 became insolvent. From 1857 to 1866 Kingsley had the principal charge of the financial affairs of the company, which in 1862 regained a sound position. In July, 1862, he was elected Treasurer of Yale College, and he remained in this office until his death, fulfilling also during the same time many responsible private trusts.
In 1840, he established the Inchiquin run in the Clare Valley area,Australian Heritage website and in 1842 laid out a plan for a town.Australian Heritage website This would have a number of different names, but from 1846 would eventually be called Clare, after Gleeson's home county in Ireland. Gleeson became insolvent on 30 July 1846 and as a result, sold Gleeville to Samuel Davenport and moved all his farming interests to the Clare Valley. Inchiquin then became his main property and business concern.
Rilany transferred from Ferroviária to Tyresö in January 2014, as one of four Brazilians to join the Swedish club. Rilany was an unused substitute in Tyresö's 4–3 defeat by Wolfsburg in the 2014 UEFA Women's Champions League Final. Tyresö became insolvent in 2014 and were kicked out of the 2014 Damallsvenskan season, expunging all their results and making all their players free agents. The Stockholm County Administrative Board published the players' salaries, showing Rilany was a middle-range earner at SEK 37 170 per-month.
Kinsley & Darling became insolvent in 1856. According to testimony given at the New York Court of General Sessions, December 11, 1856, Charles Wills of Wills & Conley, had advanced money on notes for Kinsley & Darling six months prior to the druggists' failure. Emil Schoning, a druggist whose business address was 175 Second Street and 700 Eighth Avenue, was requested by Darling to go and buy notes for $100. Schoning testified concerning this at the trial of Wills and Conley for receiving $7,000 of stolen goods.
The company became insolvent competing with the Catonsville Short Line Railroad (1884), and was purchased as part of the City and Suburban Railway Corporation. In 1895, the follow-on Baltimore and Catonsville Railway Company decided to extend its lines four miles to Ellicott City and convert to 33 foot long cars using electricity. Stock was issued on 25 November 1895 for the Edmondson Avenue, Catonsville & Ellicott City Electric Railway Company. Victor G. Bloede's Evans & Co. was initially given 90 days to complete the project.
Part of the facility's parking garage now occupies the location once used by the original studios of 100 Huntley Street. The Rogers Building was originally built as the new head office of the now defunct Confederation Life insurance company, which became insolvent in 1994. The company's cable television and magazine publishing operations, as well as its local radio stations (including CFTR and CHFI-FM), operate from 333 Bloor Street East. Sportsnet is the latest addition to the complex, launching their new studios on April 30, 2008.
As this was already a commercial area, there may have been an existing store on site or Ellis may have constructed one. In 1896 he became insolvent and the property was purchased by William J McChesney, a telephone line repairer. In 1899, the New Ravenswood Company was formed by Archibald Laurence Wilson who raised overseas capital, reopened old mines and used modern methods to rework tailings more efficiently. The shareholders recouped their investment in the first two years and this drew world-wide interest.
Cooper became insolvent by 1850. Clark Irving arrived from England in the early 1840s, became manager of the Australasian Sugar Company among other business roles and was one of a group associated with the Colonial Sugar Refinery who acquired Cooper’s property, including the distillery and the subject site, in 1852. In 1857 he and the carpenter Peter Royal demolished part of Cooper’s Row and built a group of terrace houses on the subject site, which he named Adelaide Terrace after his wife, and an adjacent corner hotel.
The period of good economic conditions ended with the onset of the Panic of 1837. Jackson's Specie Circular, albeit designed to reduce speculation and stabilize the economy, left many investors unable to afford to pay loans in gold and silver. The same year there was a downturn in Great Britain's economy, resulting in decreased foreign investment in the United States. As a result, the U.S. economy went into a depression, banks became insolvent, the national debt increased, business failures rose, cotton prices dropped, and unemployment dramatically increased.
The first Cygnet with original tail and undercarriage During that period C.W. Aircraft had invested heavily in another design, the C.W. Swan. Overextended, it became insolvent and sold all rights for the Cygnet to General Aircraft Ltd in 1938. General Aircraft modified the design to incorporate a nosewheel undercarriage and designated it the GAL.42 Cygnet II. Production of a large batch of aircraft began in 1939 but only 10 were built and delivered (1939–1941) due to the start of the Second World War.
The New York Times, 3 August 1997 UBS came under significant pressure, particularly from American politicians, to compensate Holocaust survivors who were making claims against the bank.New York Punishes Swiss Bank Over Nazi Gold. The New York Times, 10 October 1997 In 1917, the Union Bank of Switzerland opened a new headquarters on Bahnhofstrasse (pictured above) in Zürich. Shortly after the end of World War II, Union Bank of Switzerland completed the acquisition of the Eidgenössische Bank, a large Zürich-based bank that became insolvent.
A run on the bank ensued, and its operations were suspended. When the New York Stock Exchange heard the announcement, equities plummeted, causing a chain reaction of bank runs and failures throughout the United States that signaled the arrival of the Panic of 1873 to American shores. Bankruptcy commenced soon after the collapse. Many of the junior partners at Cooke did not suffer when the bank collapsed because they anticipated the failure and had divested from assets that would crumble if Cooke became insolvent.
During the generally prosperous 1920s, the nation's agricultural sector did not share in the good times. Many smaller banks that had overextended credit to farmers ran into serious trouble. In the Upper Midwest alone, 1,500 banks became insolvent from 1920 to 1929. It was with this backdrop that in early 1929, just months before the stock market crash, two banking associations were formed in the Twin Cities of Minnesota: Northwest Bancorporation and the First Bank Stock Corporation (later known as First Bank System and then U.S. Bancorp).
Hasleby served as Honorary Secretary of the Northam Farmers' Club, and in 1874 was elected a member of the local Education Board. A prestigious and respected body, only three other convicts achieved membership of a local Education Board: Daniel Connor, Malachi Meagher and Herman Moll. He also became involved in a venture that intended to establish a second, co- operative, Northam flour mill. Hasleby's leasehold of the Avon Bridge Hotel unfortunately coincided with the rise of the temperance movement in Australia in general, and in Northam in particular, and by December 1875 he became insolvent.
Brassey Steam Engine on the Warsaw–Terespol Railway, 1866 In addition to building more railways in Britain and in other European countries, Brassey undertook contracts in other continents. In South America his railways totalled , in Australia , and in India and Nepal . In 1866 there was a great economic slump, caused by the collapse of the bank of Overend, Gurney and Company, and many of Brassey's colleagues and competitors became insolvent. However, despite setbacks, Brassey survived the crisis and drove ahead with the projects he already had in hand.
SSIH (Société Suisse pour l'Industrie Horlogère), originated in 1930 with the merger of the Omega and Tissot companies. Swiss watch quality was high, but new technology, such as the Hamilton Electric watch introduced in 1957 and the Bulova Accutron tuning fork watch in 1961, presaged increasing technological competition. In the late 1970s, SSIH became insolvent due in part to a recession and in part to heavy competition from inexpensive Asian-made quartz crystal watches. These difficulties occurred even though it had become Switzerland's largest, and the world's third largest, producer of watches.
He was a member of the Society for the Protection of Ancient Buildings, who used the restored mill to produce provender. Some of the machinery is believed to date from 1746, and the wheel drives two pairs of stones. The building was sold in 1995 to become a restaurant, and as part of the conversion process, a refurbished waterwheel was fitted while the machinery was shielded by a glass screen so that it could be seen from the restaurant area. The restaurant became insolvent in 2012 and closed down.
In early 2002, a year before construction began, transport planner Michelle Zeibots was quoted in local newspapers saying the tunnel would not reach its traffic targets. In December 2006, the tollway became insolvent due to low traffic volumes, accumulating debts of over A$500 million. On 20 June 2007, Leighton Contractors and investment bank ABN AMRO were chosen as preferred purchasers of the Cross City Tunnel Group for $700 million. In June 2014, the tunnel was sold again, this time to Transurban, after the new owners since 2007 went into voluntary administration.
Thomas had worked for Betts' brother-in-law and business partner, Samuel Morton Peto, at Somerleyton Hall in Suffolk. Betts landscaped the estate during his time at the hall, laying out a series of carriage drivers and lawns. He built Aylesford railway station on the Medway Valley Line to make his access to Preston Hall easier. Betts ran into financial difficulties after the banking crisis of 1866, became insolvent the following year and was forced to sell the hall which was brought by Thomas Brassey, also a railway contractor.
Türkgücü München is a German association football club from the city of Munich, Bavaria. The club, which is based in the Turkish community of Munich, was formed in 2009 in a merger of Türkischer SV 1975 München and ATA Spor München. Türkischer SV 1975, in turn, succeeded SV Türk Gücü München in 2001 when the latter became insolvent. Türk Gücü was a successful third-division side in the second half of the 1980s and the early 1990s, when the club aimed as high as the German second division, without quite getting there.
The Jamaica Center station of the Archer Avenue Lines The Archer Avenue Subway was initially conceived as part of the 63rd Street Line and planned "Southeast Queens" subway, as well as the planned Jamaica El replacement. By May 1976, the Archer Avenue segment was projected to be completed in 1983. However, New York City became insolvent during the 1975–1976 fiscal crisis, and in October 1980, officials considered stopping this project as well and diverting the money to mend existing infrastructure. At this point the Archer Avenue project was projected for completion in 1984.
According to a different newspaper article, the Dunrobin Estate consisted of two sections purchased in 1843. Eventually the farm began to pay, and though money was very scarce, living became very cheap and he prospered during the Victorian gold rush, selling the diggers flour and pressed hay. In 1854 a great financial crisis overtook Victoria, and his debtors either became insolvent or vanished. The farm, whose soil was becoming exhausted for wheat growing, had a succession of bad seasons with low prices and, though he lived frugally, his financial situation continued to deteriorate.
Samuel Bigger (March 20, 1802 – September 9, 1846) was the seventh Governor of the U.S. state of Indiana from December 9, 1840 to December 6, 1843. Bigger was nominated to run for governor because he had no connection to the failed public works program. The state had entered a severe financial crisis in his predecessor's term and the government became insolvent during his first year in office. He oversaw the state's bankruptcy negotiations, but the bankruptcy he negotiated was only able to return the state to solvency briefly.
In 1845 the state became insolvent again. Charles Butler, a representative of the state's debt-holders, arrived to negotiate a second bankruptcy. In exchange for partial ownership of the Wabash and Erie Canal, the only successful public works project, the debt-holders agreed to an additional reduction of the state's total debt to about $4 million, $3 million of which was from the internal improvement projects. The creditors agreed to refinance the debt, which enabled the state to lower the interest rates that it paid on its bonds.
Skyway planned to transition to an all-jet fleet by obtaining additional 328JET aircraft, purchasing German manufacturer Fairchild Dornier's planned 44-seat version, known as the 428JET, and phasing out the Beechcraft 1900. While the September 11 attacks severely impacted all U.S. airlines, other events brought about the end of Skyway Airlines. Skyway's plans to continue modernizing its fleet with additional Dornier aircraft unwound when Dornier failed, and parent company Midwest Air Group's financial problems caused it to end Skyway's flight operations. In 2002, Dornier, an aviation pioneer dating back to the 1930s, became insolvent.
During the 1998-1999 economic crisis, over 20 banks in Ecuador became insolvent. The government, however, focused all its blame for the crisis on the Isaias brothers and Filanbanco, which had close political ties to the opposition party. Due to changes made to regulations, Filanbanco was converted into a "central bank" after the government took over ownership. As such, Filanbanco had to absorb all other failing banks and that was the main reason for its closure in 2001, over three years under ownership and management by the Ecuadorian government.
The club is one of the holders of the unfortunate distinction as being the team to be demoted three times from the Ukrainian Premier League. MFС Mykolaiv's best achievement in the Ukrainian Premier League was 13th place (in 1994–95). From 1994, the club was known as SC Mykolaiv, FC Mykolaiv since 2000, and MFC Mykolaiv since 2006. MFC Mykolaiv became insolvent and ceased to exist after the City Administration of Mykolaiv informed the PFL that the team would not be competing in the 2008/09 Persha Liha season.
In 1871 Douglas returned to Queensland and became insolvent on 23 February 1872. Douglas was returned for Maryborough at the election held in 1875. He was secretary for public lands in the Thorn ministry from June 1876 until March 1877, when he became premier and was given the honour of C.M.G. His party was defeated at the election held in January 1879 and Douglas gave up politics. Lewis Adolphus Bernays claimed Douglas had more success as a clever political wire-puller behind the scenes than he had in parliament.
Due to his unconventional business practices and methods of financing and his sometimes spectacular transactions Kovats has repeatedly been accused of risky, unfair or even criminal activity. In the early phase of his business operations (before 1997) numerous companies in which Kovats was directly or indirectly involved in became insolvent. The Austrian investigative journalist Hans Pretterebner announced in 2007 that he was writing a book on economic crime in which a chapter is devoted to Kovats's career and especially the aforementioned insolvencies. Multiple Kovats has been sued under civil law.
The club became insolvent during the 2002–03 Verbandsliga season, having to withdraw on 17 March 2003, with all its results expunged.Deutschlands Fussball in Zahlen 2002/2003, page 260, publisher: DSFS After spending some time in the Landesliga Württemberg 4 and the Bezirkliga, the club made a brief return to the Verbandsliga in 2008–09 but was immediately relegated again. A second club with the same name, FV Biberach, exists, predating this one by 35 years. The other FV Biberach plays in the South Baden region, at Kreisliga level, and is based at Biberach, Baden.
Sinclair became a publicly listed company in 1995, while the Smith family retained a controlling interest. In a filing with the Securities and Exchange Commission on July 14, 2009, Sinclair stated that if the company could not refinance its $1.33 billion debt or if Cunningham Broadcasting became insolvent due to nonpayment on a loan worth $33.5 million, Sinclair may be forced to file for Chapter 11 bankruptcy. However, the company seemingly recovered its financial fortunes enough, as it would begin a major string of acquisitions involving television stations and other properties two years later.
Mayara 2014 Mayara transferred from Centro Olímpico to Tyresö in January 2014, as one of four Brazilians to join the Swedish club. Mayara was an unused substitute in Tyresö's 4–3 defeat by Wolfsburg in the 2014 UEFA Women's Champions League Final. Tyresö became insolvent in 2014 and were kicked out of the 2014 Damallsvenskan season, expunging all their results and making all their players free agents. The Stockholm County Administrative Board published the players' salaries, showing Mayara was a middle range earner at SEK 30 980 per month.
In 2008, twenty-five U.S. banks became insolvent and were closed by their respective chartering authorities. The largest bank failure in terms of dollar value occurred on September 26, 2008, when Washington Mutual, with $307 billion in assets, experienced a 10-day bank run on its deposits. Washington Mutual's collapse prompted a run on Wachovia, another large and troubled bank, as depositors drew their accounts below the $100,000 insurance limit. To avoid a panic and a drain on its insurance fund, the FDIC used exceptional authority to arrange a noncompetitive acquisition of Wachovia.
In May 1984,Gorner, Peter. "Bank Deal Tied To Pope's Death?" Ottawa Citizen (June 12, 1984) Continental Illinois became insolvent due, in part, to bad loans purchased from the failed Penn Square Bank N.A. of Oklahoma—loans for oil and gas producers and service companies and investors in the Oklahoma and Texas oil and gas boom of the late 1970s and early 1980s. Due diligence was not properly conducted by John Lytle, an executive in the Mid-Continent Division of oil lending, and other leading officers of the bank.
Beaumont House, constructed around 1850 for Augustus Short, still stands and is now owned by the National Trust of South Australia. Edward Burton Gleeson, the founder of the Mid North town of Clare originally owned a farm within the boundaries of Beaumont in the early 1840s, which he named "Gleeville". He became insolvent, sold the property to Davenport in 1842 and moved to his country property "Inchiquin" in the Clare Valley region. The original village was centred on a small park known as the "Beaumont Common" (or to residents simply as "The Common").
The club was founded in 2001 after the previous professional basketball team in Ulm, run by the sports-club SSV Ulm 1846, became insolvent and had to resign from the league. Dr. Thomas Stoll and Andreas Oettel, the current CEO of the Basketball Ulm/Alb-Donau GmbH, which is the owner of the club, bought the license of the former team and started a second division team with the name of Basketball Ulm GmbH.Basketball Ulm history After playing in the second division for five years, the team qualified for the Basketball Bundesliga in 2006.
He resigned in February 1836 and went next month to Port Phillip (now Melbourne) as an investor in the Port Phillip Association with several hundred sheep. By February 1836 he and Michael Connolly were reported to have a flock of over 100 sheep at Arthurs Creek, Victoria a sheep run 40 km north of Melbourne he had been granted. He was a founder of the Melbourne Race Club and acted as its steward in 1838. He became insolvent in 1843 and joined his brother Charles in establishing a sheep run at Mount Schank.
G owed money to M, the respondent. The debt was secured by a mortgage passed on property belonging to B in favour of M. The mortgage bond was incorrectly worded to indicate that the debt was owed by SG (who happened to be the sole shareholder of G). When B became insolvent, T was appointed liquidator. M sought a preferential right in terms of the mortgage bond, but this claim was rejected by T on the grounds that, due to the factual inaccuracy, the mortgage had not come into existence.
In October 1980, Argus donated its shares in Massey Ferguson to the employee's pension plans, leading the way to a $250 million bail-out from the Government of Canada and the Province of Ontario for the collapsing business, which later was renamed Varity Corporation. In the mid-1980s, Varity spun off several money-losing divisions into an entity called Massey Combines Corporation in 1985. Massey Combines Corporation was headquartered in Brantford and became insolvent on 4 March 1988,Per MCC Employee and its assets were re-acquired by Massey Ferguson.
Roos became the second largest shareholder in the start-up venture that went on to produce the most popular general aviation aircraft in the world. Roos resigned just one month into the partnership, selling back his interest to Cessna, and the company changed its name to Cessna Aircraft in December 1927. In November 1927, the owner of the Swallow Airplane Company, Moellendick, became insolvent after sidelining Swallow production to make the Dallas Spirit on credit to enter the Dole Air Derby. Roos took control of the company, becoming the general manager, then left in 1928.
McCrorey originally had a partnership with Sebastian Kresge, who later founded his own chain of stores after McCrorey dissolved their partnership. In addition to the Kresge stores, McCrorey competed with F.W. Woolworth's stores as well. The original company became insolvent during the Great Depression, but was reformed and eventually grew to include G.C. Murphy, TG&Y;, and J.J. Newberry along with what was left of Kresge's chain, surviving all of its major competitors before succumbing to liquidation itself in 2002.Biographical information, with photos of family mausoleum in Johnstown, Pennsylvania.
The Pension Protection Fund (PPF) is a statutory fund in the United Kingdom, intended to protect members if their defined benefits pension fund becomes insolvent. It was created under the Pensions Act 2004. The Board of the PPF is a statutory corporation responsible for managing the Fund and for making payments to members. The PPF started on 6 April 2005 in response to public concern that when employers sponsoring defined benefit pension schemes became insolvent, scheme members could lose some or all of their pension if the scheme was underfunded.
The Sächsisch-Bayerische Eisenbahn-Compagnie (Saxon-Bavarian Railway Company) received a concession for the construction of a railway line from Leipzig to Hof at the beginning of the 1840s. The first sections from Leipzig were opened in the first half of the 1840s. Due to the high construction costs on the Crimmitschau–Plauen section, the company became insolvent and was bought by the Saxon state in 1847. At this time work was already under way on the Plauen–Hof section to raise further revenue to pay off the expensive bridge structures as quickly as possible.
William Bickford Row (October 3, 1786 - July 29, 1865) was an English-born Newfoundland merchant, lawyer and politician. He was born in Torquay, Devon, the son of John Row. Row was involved in trade between England and Newfoundland as an agent for William Bickford until 1809 and then, in partnership with his brother, as an agent for John Hill and Company until that company became insolvent in 1811. In 1816, he set up his own store at St. John's but, by 1818, he had become the agent in Newfoundland for William Vallance of Devon.
Helecs was a marque of British battery-electric road vehicles, produced initially by the electrical engineers Hindle Smart Co Ltd of Ardwick, Manchester from 1948 onwards. One of their first vehicles was a collaboration with Jensen Motors for a tractor unit, used primarily for railway deliveries, and they then produced a number of vehicles which were aimed at the dairy industry and bodied as milk floats for retail milk delivery. They had some success with exports to Canada, and two independent companies bearing the Helecs Vehicles name were set up, in 1952 and 1955. All of the companies became insolvent in 1956.
In 1894 he acted as Adelaide broker for the "Wealth of Nations" and "Brilliant Reward" mines, Coolgardie. He was a shareholder and creditor of The Coolgardie Courier, which became insolvent and he petitioned for its assets to be liquidated. He left for England, where he established a home, "Courabelle", at Westgate-on-Sea, Kent, but returned to Australia annually. The Conran family was on good terms with the German royal family, and on request from the Crown Princess, he presented her with a pair of kangaroos with joey, through Ernest Albert Le Souef of Perth Zoo.
Quotes: "Closed since 2005 after the district became insolvent, Wilmer-Hutchins has reopened, taking the bulk of A. Maceo Smith's student body." and "August 2004 started with a rainstorm that damaged the high school's antiquated roof so badly that classes couldn't start. The district's inability[...]" and "Two years ago, they started hearing the rumor of A. Maceo Smith's impending closure,[...]they knew the majority of their core would be back for this year playing the same game[...]call themselves the Eagles rather than the Falcons.[...]" In 2004 the WHISD school board voted to closed Wilmer Hutchins High School. Students were moved January 2005.
Niulakita was also known as Sophia. In about 1879 the elders of Vaitupu were interested in Niulakita and send a working party to plant coconuts on the island. However, in 1880 they were informed that J. C. Godeffroy und Sohn of Hamburg (operating out of Samoa) claimed ownership of the island. Notwithstanding this claim in 1884 the Vaitupu elders transferred their claim to Niulakita to H. M. Ruge and Company, a German trading firm that operated from Apia, for $400 in part payment of a debt of $13,000 to Ruge & Co. Ruge & Co became insolvent in about 1888.
Although critically acclaimed, the structure proved expensive to build and when the original contractor became insolvent in the middle of construction, no other contractor willing to continue the project for the fixed fee could be found. With the city of Berlin unwilling to pay an additional three to five million Euros for a reduced design and funding from the federal government delayed until more progress was achieved, the site was left with just the concrete stairwells of the design. Having spent 13.9 million Euros already, these were demolished, despite the protests of Zumthor and other architects, in 2004.
1worldspace finally became insolvent in 2009/2010 after a prolonged series of financial crises. In the first quarter of 2008 the company lost a net total of 2676 subscribers and reported that it would scale back its marketing activities around the world. WorldSpace recorded a $36.0 million net loss in the second quarter of 2008, as compared to a net loss of $51.2 million in the second quarter of 2007. Throughout 2008 and 2009 company was in deep debt and was reported to owe its creditors over $50 million, due to be paid by various repeatedly postponed deadlines.
He eventually kept a jewellery shop in Newcastle and served as an alderman on Wickham Municipal Council and as a member of the local water and sewage board. At the 1889 election, he was the third candidate on the Protectionist list and won the last position in the multi-member seat of Newcastle. However, Grahame was forced to resign from parliament in October 1889 when he became insolvent and he was defeated by James Curley at the subsequent by-election. He regained his seat in April 1891 at a by-election caused by the death of James Fletcher.
He then represented the Manuherikia electorate in the House of Representatives from 1866 to 1867, when he resigned because he became insolvent. Captain Baldwin was described in 1867 as "a really eccentric individual who somehow or another always resigns his seat". In 1881, Baldwin was a parliamentary candidate for the Dunedin East electorate, but he withdrew before nomination day as he urgently needed to travel to England, but he delayed travel until February 1882. After his time on the provincial council, he sold his sheep run and became a travelling commissioner for the Government Life Insurance Department.
In addition, two large U.S. banks (Washington Mutual and Wachovia) became insolvent and were sold to stronger banks.Wachovia & Wamu The world's largest insurer, AIG, was 80% nationalized by the U.S. government, due to concerns regarding its ability to honor its obligations via a form of financial insurance called credit default swaps.Frontline - Inside the Meltdown These sequential and significant institutional failures, particularly the Lehman bankruptcy, involved further seizing of credit markets and more serious global impact. The interconnected nature of Lehman was such that its failure triggered system-wide (systemic) concerns regarding the ability of major institutions to honor their obligations to counterparties.
The investment section of the firm thus became insolvent during Financial crisis of 2007–2008. The Federal Reserve Bank of New York bailed out AIG by providing an emergency credit liquidity facility of up to $85 billion, which will be repaid by selling off assets of the company. After assessing that a disorderly failure of AIG could worsen the current financial and economic crisis, and at the request of AIG, the Federal Reserve Bank of New York intervened. The Federal Reserve required a 79.9 percent equity stake as a fee for service and to compensate for the risk of the loan to AIG.
Rainy Sky was one of five ship-owning firms that ordered vessels from Jinse Shipbuilding Co, a South Korean shipbuilder, at a cost of US$33,300,000 per ship. The payment was to be made in five equal installments. The contract between Rainy Sky and Jinse permitted Rainy Sky to rescind the contract if various events occurred (such as late delivery or inadequate performance of the vessel, or loss of the vessel before delivery). It also obliged Jinse to refund the payments if it became insolvent, although, in this case, the contract would not automatically be rescinded.
The Brooklyn Rapid Transit Company (BRT) was a public transit holding company formed in 1896 to acquire and consolidate railway lines in Brooklyn and Queens, New York City, United States. It was a prominent corporation and industry leader using the single-letter symbol B on the New York Stock Exchange. It operated both passenger and freight services on its rail rapid transit, elevated and subway network, making it unique among the 3 companies which built and operated subway lines in New York City. It became insolvent in 1919 and was restructured and released from bankruptcy as the Brooklyn–Manhattan Transit Corporation in 1923.
This was published for a time from the offices of the Carroll County Republican, which had been taken over by a faculty member named Silvernail and a student named Ladd. When the Republican became insolvent, its equipment was acquired by Mrs Shimer and moved to the Seminary, where printing was overseen by a student named George Shaw who worked as a printer. A combination of circumstances including the departure of Mr Shaw to the American Civil War led to the cessation of publication of the Bell in 1862. In 1868, the Oread Society began to publish the Oread, also a monthly journal.
He had a livery stable, which became insolvent. As a result, Isaac Stevens attempted to recover possession of horses, mules, hay, barley, and saddles, which the town sheriff levied upon.Appeal from the Seventeenth District Reports of Cases Determined in The Supreme Court of the State Of California, 1887 On April 22, 1859, the Sacramento Daily Union reported: On September 29, 1859 there was a major fire in the town of Monte Cristo. The Sierra Democrat gave a description of the fire: On February 28, 1860, the Sacramento Daily Union reported delegates from Monte Cristo for the Democratic State Convention.
King first surfaces in the 1980s as chairman of Celebrity Group Holdings, a publishing company based in Kingston, who owned titles such as Basketball Monthly and who were interested in taking over Eddy Shah's newspaper 'The Post' and Hamley's toy shop. They also owned Zodiac Toys, which became insolvent in 1990. Along with his business partner Alan Kingston, King was also a director of Kingston Basketball Club. However, In 1991 King was sentenced to two years in prison for insurance fraud after trying to claim £600,000 for his Aston Martin Zagato after claiming it had been stolen.
In 1861 John Mackay (the first British person to explore Mackay area and after whom the city is named) leased a pastoral run which he called Greenmount. In order to meet the government's requirement that the run have stock on it within nine months, he entered into a partnership with James Starr, a squatter from the New England district, and 1200 cattle were on the run by January 1862. However, Starr became insolvent and there was a forced sale of the property in 1863, ending Mackay's association with the Mackay area. In the , Greenmount had a population of 473 people.
The site for Palm City was located near sewage ponds and a longtime manufacturer of chemicals which had contaminated the land. Ground water was also found to have high radioactive levels, but Rhodes Design and Development Corporation planned to proceed with the project, as local officials had yet to declare a health concern. Nearby residents were concerned about the presence of chemicals, as well as the size of Palm City and the increased traffic that the project would bring to the area. After Rhodes' lender became insolvent, he sold the undeveloped land in 2000, and it was renamed Tuscany.
Reckitt's social club hall was used as a Voluntary Aid Detachment hospital. In the 1920s the Zebo liquid grate polish, Windo (later Windolene) window cleaner; Karpol car body wash; and Reckitt's Bath Cubes brands were launched. The black lead works of competitor Hargreaves in Gipsyville, Hull was acquired in 1922 and closed after that company became insolvent. In 1926 the major acquisition of the Belgian ultramarine manufacturer S.A. des Usines Destrée was made, which included factories in Haren, Melle and Comines.Other 1920/30s acquisitions included the Lancashire Ultramarine Company of Backbarrow; the British Ultramarine Co.; Rawlins (Smalts) Ltd.
On the assassination of Busnash and the anti-Jewish riots which followed it, the firm "Bakri Busnash" became insolvent; and David himself was thrown into prison under the pretext that the firm owed the regency a sum of five million francs. Set free on a promise to pay the alleged debt, he soon built up the firm "Bakri," owing to the help he received from several European governments for the services he had rendered them. He even succeeded in winning the confidence of the new Dey, who appointed him in 1806 chief of the Algerian Jews. This post proved fatal to him.
The Marquess was involved in a notable company law case, known as "the Marquess of Bute's Case", reported on appeal in 1892, called Re Cardiff Savings Bank [1892] 2 Ch 100. The Marquess had been appointed to the board of directors of the Cardiff Savings Bank as "President", at the age of six months, in effect inheriting the office from his father. He only attended one board meeting in the next 38 years. When the bank became insolvent following a fellow director's fraudulent dealing, Stirling J held that the Marquess was not liable as he knew nothing of what was going on.
Sir Thomas Picton then took him out to Flanders as an honorary aide-de-camp but finding no employment for him, he was advised to join the 3rd battalion of his regiment and was subsequently present at Quatre Bras and Waterloo. He entered Paris on 25 June 1815, and on 28 June became a lieutenant and later a captain in his regiment. From this period until 24 October 1821 he continued with his regiment in England, and then retired from the army. On 18 June 1823 he became insolvent, and after some confinement was discharged from Debtors' Prison under the Insolvent Debtors Act.
Hans and Fritz Schlumpf lived in Mulhouse at their country house, Malmerspach, until they escaped and became Swiss exiles in 1977. After World War II Fritz and Hans Schlumpf gathered an enormous collection of classic automobiles, including several hundred Bugattis (many of them in pieces or unrestored, but many were also completed cars). To fund this hobby they encumbered their enterprise to such an extent that by 1977 it became insolvent. Until this time the automobile collection was unknown to the public, but the excesses were revealed in 1977 during a strike by the former Schlumpf textile workers.
Jacob Ezra Merkin (born April 19, 1953) is an American investor, hedge fund manager and philanthropist. He had been a fund manager and capital raiser until 2008 when one of the funds in Gabriel Capital LP, his $5 billion group of hedge funds became insolvent because a large portion of its assets was invested with the convicted Ponzi scheme operator Bernard Madoff. The fallout from his investment with Madoff has been extensive. He navigated a series of lawsuits without a finding of fraud or knowledge of the scheme, but agreed to repay any fees earned from the investment in Madoff historically.
In the 1980s, during the savings and loan crisis, the FSLIC became insolvent. It was recapitalized with taxpayer money several times, with $15 billion in 1986 and $10.75 billion in 1987; however, by 1989 it was too insolvent to save. Pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the FSLIC was abolished along with the FHLBB, and the FSLIC savings and loan deposit insurance responsibility was transferred to the FDIC. The FSLIC Resolution Fund was created to assume all the assets and liabilities of the FSLIC, which was to be funded by the Financing Corporation (FICO).
From March 2014, due to financial difficulties, it is believed that the station operated with a skeleton crew and had effectively ceased production of live programmes, running repeats of previous programmes instead. Despite a brief revival of one of its principal programmes, The Richie Allen Show, TPV ceased broadcasting completely in mid-2014 and became insolvent. In August 2014, it was announced via the official website that TPV would return in October of the same year, dubbed The People's Voice 2.0. However, the station was never revived, and no further information was announced regarding its return.
James Bates died intestate, 17 but the property was evidently passed onto James Bates Junior, although at the time of his father's death he would have been about eight years of age. The intestate estate of James Bates was caught up in the John Edye Manning affair. Manning who was the Registrar of the Supreme Court of New South Wales and the curator of intestate estates, became insolvent in 1841 - a victim of the serious financial depression afflicting the colony at the time. As Curator, Manning was required to deposit intestate monies in the Savings Bank, but about £10,000 of trust money was not lodged as such.
By Vosz's will, ownership of the business passed to his employees who, through their trustees, sold the business to Johann Heinrich Nicholaus "Henry" Schmidt and Theodore J. C. Hantke (1835–1912), both of whom previously held executive positions in the company. Schmidt became insolvent in 1894 as a result of his purchase of a large share of the company and inability to realise on property which had lost value. He retired from the partnership and sold his share to businessman Alfred Wilkinson (1863–1922). In 1904, when the business was registered as a Company, he stepped down as manager to take a position on the board of directors.
Olden survived the war as a first lieutenant. The war left a lasting impression and, once it had ended, Olden left the army and started as editor of the pacifistic periodical Der Friede ("Peace") in Vienna and Der Neue Tag. In 1920 he married the psychoanalyst Marie-Christine Fournier (the daughter of the Viennese historian Professor August Fournier) and was soon absorbed into the circles of journalists and writers. After Der Neue Tag became insolvent, he founded a magazine (Er und Sie, "He and She"), dedicated to Lebenskultur und Erotik, which was soon at the center of a heated debate about public morals and common decency.
On 30 January 1829, Jones was an appointed member of the New South Wales Legislative Council, a role he held until 5 January 1843. In 1832, the Council changed from a fully appointed body to become a body of 36 members with 12 appointed and 24 elected. From 17 July 1843 Jones continued as an appointed member of the Council. However, even as he appointed, his merchantile business was suffering in the economic downturn that prevailed from 1842 to 1844. In August 1843, he was unable to pay debts of £180,000 and he became insolvent in October 1843, forcing him to resign from the Council, effective 1 November 1843.
Quest University Canada is fully accredited and approved by the Degree Quality Assessment Board (DQAB) under the British Columbia Ministry of Advanced Education. Quest is also registered as a British Columbia Education Quality Assurance (EQA) approved post-secondary institution. In January 2020, the University became insolvent, and was granted protection under the Companies' Creditors Arrangement Act while it restructured its debt; operations and recruitment continued as normal, and the university was searching for a possible merger with a more stable university in order to manage its debts and protect its current students. The university is currently struggling to function under its debt and is available for purchase.
By 1913 Selig had gathered a large collection of animals for his films and spent substantial funds acquiring and developing of land in Lincoln Heights northeast of downtown Los Angeles, where he opened a large public zoo. In 1917 Selig sold the Edendale facility to producer William Fox and moved his movie studio to the zoo in East Los Angeles. Meanwhile, World War I cut severely into the substantial revenues Selig Polyscope had been garnering in Europe and the company shunned profitable movie industry trends, which had shifted towards dramatic (and more costly) full length feature films. Selig Polyscope became insolvent and ceased operations in 1918.
The directors of Kayford Ltd, a mail order business, were concerned about insolvency. They were receiving pre-payments for goods from their customers, and were concerned about this being taken by other creditors. They got advice from their solicitors who said that they should open another account and deposit money from customers into that account. Suppliers of Kayford Ltd became insolvent, and soon Kayford Ltd also found it could not survive. It went into insolvent liquidation and the creditors claimed that the money in the accounts was part of the company’s assets. It was contended that instead the money was held on trust for Kayford’s customers.
Consolidated Indemnity and Insurance Company was a Hartford, Connecticut-based firm which became insolvent during the Great Depression. The corporation is important because it employed executives who were formerly directors of significant business concerns of New York City, in the early 1930s and before. Consolidated Indemnity and Insurance Company was organized in October 1928 with a capital of $2,500,000 and a surplus of $7,300,000. Among its fifteen directors were Saul Singer, vice-president of the New York Bank of the United States and C. Stanley Mitchell, president of the Central Mercantile Trust Company."Insurance News", The Wall Street Journal, May 28, 1928, pg. 8.
Among other provisions, the Act opened the African trade to all English merchants who paid a ten per cent levy to the Royal African Company on all goods exported from Africa.P. E. H. Hair & Robin Law, 'The English in West Africa to 1700', in The Oxford History of the British Empire: Volume 1, The Origins of Empire: British Overseas Enterprise to the close of the Seventeenth Century, ed. Nicholas Canny (Oxford : Oxford University Press, 1998), p. 259 The Company was unable to withstand competition on the terms imposed by the Act and in 1708 became insolvent, surviving until 1750 in a state of much reduced activity.
After the KWE took over the Münster- Hamm Railway Company (Münster-Hammer Eisenbahn-Gesellschaft), together with its line to Münster, in 1855, it continued this line to the north in 1856. In Rheine it connected with the Royal Hanoverian State Railways' Emsland Railway to Emden and through it to the Almelo–Salzbergen railway of the Spoorweg- Maatschappij Almelo-Salzbergen (Almelo-Salzbergen railway company). In 1870, the MEE received a concession to build a new line to the Netherlands and started construction from Münster to Enschede. When it became insolvent in 1874, the KWE took it over and continued construction of the line to Gronau.
In June 1795, Edward Butler Hartopp became the owner of the estate, and held possession till July 1800, when it was transferred to Charles Hamilton, and when he became insolvent in 1807, it passed into the hands of Matthias Attwood, who unlike the previous owners did not take any action to preserve William Shenstone's park features, and by the 1820s the park grounds had sunk into a "state of ruin and desolation". Park and House (centre right obscured by trees), April 2008. The house, despite being not architecturally outstanding, is Grade I listed in view of its association with Shenstone and its importance in the history of landscape gardening.
The 1994 Las Vegas Posse season was the first and last season in the team's franchise history. They finished last place in the West division with a 5–13 record and failed to make the playoffs. It marked the only season with which the team would play; the organization became insolvent and was subsequently dissolved at the conclusion of the season. Anthony Calvillo was the last member on the active roster for the Las Vegas Posse to have played in the Canadian Football League (CFL) at the time of his retirement in January 2014 after the 2013 CFL season had ended two months prior.
The club won its last German championship in 1973 but then had to clear the field for the more prosporuse clubs from the larger cities, finding itself unable to compete financially. Eventually, in 1983, EVF was relegated from the Bundesliga, permanently leaving top level ice hockey in Germany behind. Since then, the club has been fluctuating between Oberliga and 2nd Bundesliga, occasionally brushing with financial collapse like in 1983, when it became insolvent. The club, like other small town Bavarian clubs, has an excellent youth program but finds itself unable to retain its best players who, in most cases, move to financially more potent clubs.
The Carron Company trademark on the Carron Works Carron Company insignia The Carron Company was an ironworks established in 1759 on the banks of the River Carron near Falkirk, in Stirlingshire, Scotland. After initial problems, the company was at the forefront of the Industrial Revolution in the United Kingdom. The company prospered through its development and production of a new short-range and short-barrelled naval cannon, the carronade. The company was one of the largest iron works in Europe through the 19th century. After 223 years, the company became insolvent in 1982 and was later acquired by the Franke Corporation, being rebranded Carron Phoenix.
Tooth foreclosed on both the station and land. Robert Cran then took on the mortgage of Widgee Widgee and Giles leased the Yengarie land for agistment, though he also became insolvent in 1865. Tooth was interested in the preservation of beef before refrigeration was available, and the boiling-down works was adapted with modern equipment as a meat extract plant, using Leibig's process. Tooth and Cran went into partnership with F F Nixon, Robert Lucas Tooth and Frederick Tooth as Tooth and Cran, the meat extract they produced winning a prize at the Intercolonial Exhibition in Sydney in 1870 and also receiving a prize at Amsterdam.
Colonel B. B. Groom, an experienced cattleman near Lexington, Kentucky, leased from the New York and Texas Land Company of land in Hutchinson, Carson, Gray, and Roberts counties in the Texas Panhandle in 1882, resulting in the organization of the Francklyn Land and Cattle Company. Groom purchased an estimated 1,300 head of shorthorns in 1882 and selected the Diamond F brand, approved by the Francklyn officials and filed as the company's brand in October 1882. Unfortunately, Groom's vision of the finest and most desirable cattle ranch in the United States did not materialize for him. The Francklyn Land and Cattle Company became insolvent in 1886.
The club was founded in 2003 through the merger of TSV 1880 Gera-Zwötzen and SV 1861 Liebschwitz. The club was made up largely of players who used to play in higher divisions with a large number coming from the two most successful Thuringian clubs, FC Rot-Weiß Erfurt and FC Carl Zeiss Jena. Gera won the Landesliga Thüringen (V) in 2006–07 and gained promotion to the Oberliga. It lasted for three seasons in the Oberliga, was relegated in 2010 and won immediate promotion back up in 2011. The club withdrew from the league during the 2011–12 season for financial reasons, became insolvent and eventually folded.
What would eventually become Dowty Group was founded as the Aircraft Components Company in 1931 by British inventor and businessman George Dowty, who was working as a draughtsman for the Gloster Aircraft Company at that time. Initially, this entity was only a shell company, having no staff, no capital and being operated out of a registered office in Lloyds Avenue, London. It quickly became insolvent after the company's first order, for aircraft shock absorber struts from the Civilian Aircraft Co of Hull, was not paid in time. In June 1931, Dowty decided to resign from Gloster to form Aircraft Components Ltd, which was based in 10 Lansdown Terrace Lane in Cheltenham.
Mutual Security became insolvent in August 1990 and moved its headquarters to Lincoln, Nebraska and Dallas, Texas; its Indiana business was seized by state regulators, prompting BusinessWeek to describe 130,000 policyholders as "in limbo". Also in 1990, another of Fail's insurance companies, Farm and Home Life Insurance, failed and was placed in receivership by the Arizona Department of Insurance. In March 1992, Arizona sued Fail and his deputies for civil racketeering fraud in an amount in excess of the company's $101 million insolvency, alleging that "Mr. Fail and others were engaged in an elaborate scheme to drain millions of dollars out of the company...", resulting in its failure.
Papillon Records was a record label started by the Chrysalis Group (who had sold their Chrysalis Records division to EMI) in 1999 with longtime Chrysalis act Jethro Tull. Whilst Echo Records was formed to provide an outlet by new and independent developing acts, Papillon Records was set up as a competitor to such groups as Eagle Rock Entertainment and Sanctuary Records signing 'heritage acts' - that is already long term recording artists with large, loyal fanbases - such as The Human League and Deacon Blue. However, after a number of album releases failed to sell, it was decided in 2001 that Papillion would not sign anymore acts. The label quickly became insolvent and was closed by the Chrysalis Group in 2002.
The J. Lehrenkrauss Corporation was a Brooklyn, New York-based company which became insolvent in 1934.12 Bid For Business of J. Lehrenkrauss, The New York Times, March 13, 1934, p. 41. On January 25, 1935, Julius Lehrenkrauss, the 67-year-old head of the firm, was convicted of mail fraud in the sale of $1,600,000 of preferred stock. Its failure happened during the Great Depression when credit lending agencies were strained due to deflation and a weak economy in the United States in the early 1930s. Government prosecutors alleged that the business was bankrupt in 1932 and 1933, at the time the stock was sold.Three Convicted In $1,600,000 Fraud, The New York Times, January 26, 1935, p. 36.
Retrophin's 2015 SEC Complaint contended Shkreli had created MSMB Healthcare and Retrophin "so that he could continue trading after MSMB Capital became insolvent and to create an asset that he might be able to use to placate his MSMB Capital investors." In 2011, Shkreli filed requests with the FDA to reject a new cancer diagnostic device from Navidea Biopharmaceuticals and an inhalable insulin therapy from MannKind Corporation while publicly short-selling both companies' stocks, the values of which dropped after Shkreli's interventions. The companies had difficulty launching the products as a result, although the FDA ultimately approved both. In 2011, MSMB made an unsolicited cash bid for AMAG Pharmaceuticals at a price of .
Oregon Iron Works became insolvent that fall and was declared bankrupt; this resulted in liens filed against the vessel by suppliers and subcontractors for unpaid bills. On January 2, 1877, Judge J. Deady of the U.S District Court, Oregon District ruled that the lien of libellants Coffin and Hendry was valid, that the government was not yet the owner of the vessel and had not been in possession when the vessel was seized by the marshal on November 29. However, the Corwin had been extricated about January 1, 1877 by Captain White and the USRC Rush and moved to the middle of the Columbia River (another source has this about January 10).
Monds blamed this state of affairs on the "speculative" operation of a steam-powered mill, just a short distance uphill. The steam mill owners eventually became insolvent and Monds acquired the operation and building.Monds, pp.98–99 Monds Roller Mill in 2012 Over time the mill's machinery was updated: in 1868 the existing wire machine was replaced with a silk dressing machine; a corn screen was installed in 1871; an oatmeal plant was added in 1880; the water wheel was replaced with an American-built water-powered "Victor" turbine in 1887; and in 1889 the plant was converted from millstones to roller milling, making it one of the earliest conversions in Tasmania.
The fact that the 13th Regional Corporation lasted more than 30 years without any access to 7(i) funding in any form is nothing short of amazing. It is also noteworthy that in the year that the 13th became insolvent with an outstanding obligation of approximately $2.5 million, if it had participated equally with the other 12 regions, it would have received approximately $5 million in 7(i) funding and not have been insolvent. Unlike the other corporations created under ANCSA, the 13th was denied by Congress from receiving ANCSA land as was provided the other 12 regions. If Congress had not inexplicitly denied the 13th land, their entitlement would have been approximately 1.2 million acres.
Segmentation Rules eXchange or SRX is an XML-based standard that was maintained by Localization Industry Standards Association,SRX home - Archived copy of main SRX page on the LISA OSCAR web site until it became insolvent in 2011, and then by GALA.Globalization and Localization Association - Page on the OSCAR LISA Standards SRX provides a common way to describe how to segment text for translation and other language-related processes. It was created when it was realized that TMX was less useful than expected in certain instances due to differences in how tools segment text. SRX is intended to enhance the TMX standard so that translation memory (TM) data that is exchanged between applications can be used more effectively.
Tuerong was the name of a squatting run of an estimated 12000 acres that lay between Yuille's to the north, Balcombe's, Jamieson's (Special Survey) and McCrae's to the west, Coolart to the east and Tuck's to the south. William Dawson was an early squatter and was followed briefly by Hall and McKenzie and then John Miller in 1850 before Ralph Ruddell obtained the lease in about 1856. He fattened cattle on the lush pastures and had no trouble with water supply because of the network of "never-failing creeks and springs" but became insolvent by early 1861.The Butler and Brooke directory shows that Vaughan and Wild were on Tuerong in 1866-7.
T. Smith and M.Burley, George Blunt, James Russell and James Watt and Company. Smith and Burley were responsible for the tunnel which drew water from the river to the pumping station. George Blunt built the reservoir, filter beds and settling and clear water tanks and James Watt and Company of Birmingham supplied and erected the three pumping stations installed at Walka in 1886. James Russell completed the construction of the engine and boiler house although there is dispute as to whether Russell won the contract originally. It is argued that M. Parkhill, a relatively unknown contractor, was given the contract in 1885 but became insolvent, leaving the opportunity for Russell to take over.
His new inheritance brought him land worth £5,000 a year, and it added to the wealth he had gained by marrying his third wife Elizabeth Gould in December 1690; Mrs Gould was the coheiress of a wealthy City draper. He declined to fight Westminster in the 1698 general election, but in 1701 found himself in need of a position in Parliament after granting a lease over land in Piccadilly to Thomas Neale. Under the terms of the lease, Neale was to spend £10,000 developing the land, and then pay rent to Clarges; however, Neale became insolvent and defaulted. Clarges could be sure of repossessing the land by passing a Private Bill, and stood in the January general election of 1701.
In August 2007, the Turkish Banking Regulatory and Supervisory Agency blocked Alpha Bank's move to buy a 50% share in Alternatifbank (Abank) citing Alpha Bank not meeting the terms of Article 8 of Turkey's banking law. The article covers the financial strength, track record and personal history of a bank's board of directors On March 27, 2008, Alpha Bank reached a deal to buy a majority stake in newly established OJSC Astra Bank in Ukraine as part of plans to expand in the region. Alpha Bank agreed to buy 90% of Astra Bank for €9 million. Astra Bank became insolvent in March 2015, and in July 2015 it was acquired 100% by Agro Holdings (Ukraine) Limited (a company owned by the US- based NCH Capital).
On 19 July 1877, the brewing company McLeod, McNaughten and Léveillée became insolvent, and Dupuy became its official assignee under a writ of attachment in insolvency. Cushing, a notary, produced a contract of sale executed as a notarial instrument dated 14 March 1877, by which the firm had agreed to sell its plant and effects to him, and demanded their delivery to him. On the same March date, a lease had also been executed by which Cushing agreed to lease back the same assets to the principals of the firm for three years. In his petition, Cushing asserted that he had taken possession of the assets in March, but no removal took place, and the assets remained in the possession of the firm.
At the end of the year the Communist Party of Germany emerged from the USPD, founded formally at a three-day conference in Berlin between 30 December 1918 and 1 January 1919. Schwab found himself on the left wing of the Communist Party, collaborating closely with Karl Schröder (1884–1950). Beyond the world of party politics, directly following the revolutions of 1918/19, he teamed up with the teacher Frieda Winckelmann (1873–1943) and others to set up a "Free academy community for proletarians" ("Freie Hochschulgemeinde für Proletarier") from which emerged, in the first part of 1919, the "Soviet school of the Greater Berlin labour movement" ("Räteschule der Groß-Berliner Arbeiterschaft"). Barely two years later the institution became insolvent and was taken over by the trades unions.
His advice was that the offer must be placed before the shareholders, so that they should not be denied the opportunity to sell their shares at a premium. In 1961, the shareholders subsequently voted to accept the offer. This led to Sir Isaac Wolfson taking over control of the commercial operations of the firm, in a deal worth £5.5m, a substantial sum at that time. The Israel Discount Bank added the international merchant banks of Ralli Brothers to its portfolio of private banks, although Harry Recanati left when the other Directors chose to list the banking group publicly on the Tel Aviv Stock Exchange, in 1970. The Israel Discount Bank became insolvent in 1983 and was controversially nationalised by the Treasury of the Government of Israel.
As late as 1930 a plat of the area still referred to it as "Hickman's Mill", while older maps even listed it as "Hickmans Mills". The exact location of the mill is not known however one reference indicates that it was about 100 feet north of the junction of Hickman Mills Drive and Hillcrest Road, next to Hart Grove Creek which originally ran about 50 feet west, and about 300 feet south of the town center.Parkison, map p. 39 During the Financial Panic of 1857 local banks closed and credit and money became scarce; Hickman had extended credit to so many in the community that he himself became insolvent and the mill closed just a few years later in 1859.
7, reports a trial at the Court of Exchequer describing Beecroft (referred to as 'Bearcroft') as joint agent with a Mr Oldfield for the West African Company, formed around the year 1835 after an earlier company on the island, Dillon and Tennant, became insolvent. In 1843 Spain formally made him governor of Fernando Po and two other Spanish possessions. In 1849 he was appointed Consul of the Bights of Benin and Biafra by the British, a position he held (along with his governorship of Fernando Po) until his death in 1854. During his time as governor Beecroft explored the interior of Africa using steam ships to navigate far up the Niger River, the Cross River and the Benin River, an area official British expeditions failed to penetrate.
The company made its first sale of bitumen in Edmonton in 1930, and the Edmonton Journal announced that "those shipments of absolutely pure bitumen are the first and second and only shipments in the history of McMurray tar sands to be made for commercial purposes and it certainly (augurs) well for the future development of the much talked of tar sands of northern Alberta." Fitzsimmons constructed a small upgrader and other facilities at Bitumount in 1937-1938, but oil prices remained low during the Great Depression and International Bitumen became insolvent. In 1943, the company was sold to Oil Sands Limited, which was owned by Lloyd Champion. Champion entered into an agreement with the Alberta provincial government to develop a new, larger-scale separation plant.
Nordseewerke with the inland port of Emden in the foreground seen from the southwest in 2010 Nordseewerke Emden GmbH (sometimes abbreviated NSWE, in English: North Sea Company) was a shipbuilding company, located in the Emden Harbor of the north German city of Emden. Founded in 1903, shipbuilding ended in 2010, and the company was taken over by the Schaaf Industrie AG, which among other products, makes components for off-shore systems. The shipyard employed some 1,400 people in the last years and was the second-largest employer in Emden, following the plant of the Volkswagen automotive company. Today only few of the former coworkers of the shipyard are still employed with the new owner Schaaf, which also became insolvent in 2012.
Chase Manhattan was instructed to pay $2m to the Israel-British Bank, but it paid the sum twice by mistake. The Israel-British Bank subsequently became insolvent and entered into liquidation after Yehoshua Ben-Zion, the managing director, was convicted of embezzling £20 million ($39.4 million) from the bank. Chase Manhattan wished to claim back the money which it had mistakenly paid. However, because the Israel-British Bank was now insolvent, rather than make a claim for a dividend in the liquidation, where it would have to compete with all of the other creditors of the insolvent bank, Chase Manhattan sought to argue that the entire sums were held on trust and so should be returned as part of a proprietary claim to the money.
In July 1999, Cogan's holding company, Trace International Holdings filed for bankruptcy protection. Cogan had used Trace International to hold his controlling interests in two publicly listed companies, Foamex International and United Automotive Group. Trace had pledged its stock in the two companies as collateral for certain loans.Trace International Files for Bankruptcy. New York Times, July 23, 1999 After declines in the value of Foamex and United Auto Group in 1998 and 1999, Trace became insolvent as the value of its assets fell below the debt it owed. In 2003, Cogan and several directors of Trace would be accused of having drained cash from Trace International. Cogan was found by second circuit court of Delaware not guilty of all charges on June 25, 2005.Private Concern, Public Consequences.
Together with Pullmantur Air and Iberworld it also found a niche in the lucrative transport of pilgrims to Hajj from Southeast Asia.Cinco Días, 8-11-2010 / Pullmantur e Iberworld explotan el filón del viaje de peregrinos a La Meca Mint Airways began facing financial difficulties after Comtel Air —an Austrian airline with which it had a leasing contract— filed for bankruptcy in late 2011. Following a scandal in which Comtel Air flight crew asked stranded passengers to pay for the aircraft fuel,abcNews - Airline Makes Stranded Passengers Pay for Fuel Mint Airways initiated legal action against Comtel.Europapress - Mint Airways emprenderá acciones legales contra la aerolínea Comtel Air Mint Airways became insolvent on 22 May 2012 —less than three years after having started—Hosteltur - Mint Airways se declara insolvente following which it ceased all operations.
A third blast furnace was added in early 1938 while the existing furnaces were rebuilt and enlarged. When National Steel became insolvent in 2003 most of the island's facilities were purchased, along with the rest of what is now called the Great Lakes Works, by United States Steel, which currently operates the mill. The island is home to the mill's ironmaking facilities (the rest of the mill's facilities, primarily steelmaking and processing, are located at the main plant a couple miles south in the city of Ecorse) which includes 3 blast furnaces ("A", "B" and "D") and raw materials storage areas. Ships supply large ore docks along the north ("1 Dock") and east ("3 Dock") shores of the island and large coal/coke/ore storage fields along the south and west ("B Area") shores.
The 100 MW Sorrento Solar Farm was expected to become Florida's largest photovoltaic solar farm with 40 MW of photovoltaic capacity already under construction in Lake County. However the company Blue Chip Energy became insolvent and the equipment and farm site was sold at a public auction in 2013.Company that planned Sorrento solar farm will be liquidatedSolar farm site sells at public auction Florida Power and Light announced in October 2014 that it would build three more power plants by the end of 2016. The FPL Manatee Solar Energy Center will be located in Manatee County at a natural gas power plant, FPL Citris Solar Energy Center will be in DeSoto County, near the FPL DeSoto Next Generation Solar Energy Center, and FPL Babcock Ranch Solar Energy Center will be in Charlotte County.
Pander D at Croydon When Vliegtuig Industrie Holland (VIH) (English: Aircraft Industry Holland) became insolvent in 1924, Its core staff and property were bought by H. Pander who set up Nederlandse Fabriek van Vliegtuigen H. Pander & Zonen (English:Dutch Aircraft Factory H. Pander & Sons) to produce aircraft. Their first design was a modified Holland H.2, an aircraft which VIH had derived from the Carley C.12. All were small, single-seat, shoulder wing monoplanes powered by a single three-cylinder Anzani producing about 22 kW (30 hp). The Pander D had the much more streamlined, rounded fuselage, quadrant shaped fin and faired headrest that VIH had used with the H.2; compared with the C.12, the Pander's wings were more tapered, had rounded tips and lacked the large cutouts in the trailing edge roots.
Since it became insolvent before the completion of the line, Magdeburg-Halberstädt Railway Company (German: Magdeburg-Halberstädter Eisenbahn-Gesellschaft, MHE) took over the construction of the line as well as the management of the HAE. It opened the line from Hildesheim to Vienenburg on 19 May 1875 and on 1 May 1883 the Brunswick Railway (German: Braunschweigischen Eisenbahn) opened a branch to Goslar, now part of the Hildesheim–Goslar line. For the additional traffic the HAE built a second track from Nordstemmen to Hildesheim, but at first it had to build a temporary station, the current Hildesheim Ost station, because it was not allowed to use the existing station. Only after the nationalisation of the HAE and its parent the MHE did trains begin to stop at the main railway station on 20 May 1880.
A series of fires within the hotel group was attributed to have been arson laid by disgruntled employees, and things worsened in 2008, with the collapse of tourist bookings due to the Countries (Kenya) post polling violence. On 16 March 2011, African Safari Club UK, the main provider of tourists for Rüdins Kenya operation became insolvent and ceased trading with 500 UK customers that were in Kenya repatriated by the CAA . It is not clear what impact the collapse of the UK sales organisation will have on the remaining operations, But Rüdin, now in his eighties, wows to fight on, despite having lost the loyalty of most of his employees. It is reported that K.J. Rüdin died in March 2013 of a heart attack in his home in Mombasa.
For 1996, following a vote by the members of the Pride Trust, the event was renamed "Lesbian, Gay, Bisexual and Transgender Pride" and became the largest free music festival in Europe. In 1992, London was selected to hold the first Europride with attendance put at 100,000; London again held Europride in 2006 with an estimated 600,000 participants. In 1998, the Pride Trust became insolvent and no event was organised that year, it was believed by some that the decision to make it a ticket only event played a role in the 1998 event not happening. For the next few years, another commercial organisation ran what it called 'London Mardi Gras' before it failed to pay its bill for the use of Hyde Park and was unable to run any more events without clearing that debt.
The company made buttons, whip sockets, and powder flasks. After that company was acquired and moved to Long Island, the empty brick building was bought by the Home Woolen Company, which in the 1860s expanded and manufactured woolen shawls, popular at the time with men, women and Civil War soldiers. The Home Woolen Company operated for 20-plus years until it became insolvent in 1887. The 1898 inception of the Beacon Falls Rubber Shoe Company lay in the decision of Samuel J. Lewis, President of the Goodyear Metallic Rubber Shoe Co. of Naugatuck, Connecticut, and his son Tracy S. Lewis, Secretary and Treasurer of that company, to resign and start a new business together. In 1898 the two Lewis men bought the Home Woolen Company facility and started the Beacon Falls Rubber Shoe Company.
A director of an insolvent company may be personally liable for insolvent trading if:. # he or she was director of the company at the time when the company incurred a debt; # the company was insolvent at the time when the debt was incurred, or became insolvent as a result of the incurring of the debt; # there were reasonable grounds for believing that the company was insolvent or would become insolvent; and # a reasonable person in the position of a director in the company's circumstances would have been aware of the company's insolvency. If a director is found to be in breach, then they may also be subject to a civil penalty application by ASIC. ASIC may also seek compensation orders on behalf of the creditors in addition to the liquidator.
An auditor's report found that the school was in financial disarray and posted the lowest test scores of any school in the district except those serving entirely non-English-speakers. It was also accused of academic fraud, graduating students with far fewer than the required credits. There is also the case of California Charter Academy, where a publicly funded but privately run chain of 60 charter schools became insolvent in August 2004, despite a budget of $100 million, which left thousands of children without a school to attend. In March 2009, the Center for Education Reform released its latest data on charter school closures. At that time they found that 657 of the more than 5250 charter schools that have ever opened had closed, for reasons ranging from district consolidation to failure to attract students.
"Church of the Intercession (second location)" on the Audubon Park website However, dissension within the congregation suppressed financial support for the parish, which became insolvent; the church was attached by the sheriff, and services proceeded only on the sufferance of the authorities. Eventually, the congregation was able to recover the church, but by 1906 it was overcrowded, and the parish was still in debt. To alleviate these problems, a deal was struck with Trinity Church, which had intended to build a chapel on the grounds of its cemetery, to disestablish the Church of the Intercession as an independent parish, to become a Trinity Chapel, the Chapel of the Intercession."Church of the Intercession" on the Audubon Park website The cornerstone of a new sanctuary was laid in 1912, and the building was consecrated in 1915.
Explaining Monetary and Financial Innovation: A Historical Analysis herausgegeben von Peter Bernholz, Roland Vaubel Their reaction caused financial contagion, a "run behaviour, whereby fears of widespread financial collapse lead to the withdrawal of funding from banks and other financial institutions."Scott, Hal S., Interconnectedness and Contagion - Financial Panics and the Crisis of 2008, p. 4, 70-72, 77 (June 26, 2014). Available at SSRN: or Liquidity and Contagion: The Crisis of 1763 by Isabel Schnabel & Hyun Song Shin, p. 3, 18, 39 The immediate victims were a group of independent, private “cashiers”. (The deposits in the Wisselbank were virtually unenforceable, but everyone was free to demand the money that he had entrusted to his cashier.) The deferrals resulted in an international banking crisis in Amsterdam (38 bankruptcies), Hamburg (90-97), Berlin (33), Leveaux became insolvent on 9 August 1763,E.
He was also the grandson of the landlord protagonized by José in the novel Po-on. In Tree, the boy narrated the weakening relationship between the peasants and landowners in Ilocos, including how Don Vicente Asperri took over their lands. Once the center of rice trading in eastern Luzon, Rosales became insolvent, thus making the protagonist child a witness to a series of social inequalities, humiliations and tragedies, making him despise his father, the overseer for the wealthy provincial and feudal landowner known as Don Vicente Asperri"Tree" by F. Sionil José , Don Vicente: Two Novels, tribo.org (Asperri’s illegitimate son, Luis Asperri, became a main character in José’s My Brother, My Executioner) The Philippine revolution brought no changes in the feudal system of the Philippines’ agrarian economy, except for the shift from Spanish to American colonialism.
In Anderson v Estate Anderson, an important case in the South African law of succession, the testator had bequeathed a farm to his four sons, subject to a fideicommissum in favour of their eldest sons to the fourth generation, and subject to the limitation that any son selling his share was bound to sell to the remaining sons or son. The court held that, where a son is given a fiduciary interest in property under his father's will, the son's interest ceases upon his death and he cannot dispose of it by will. Furthermore, a sale of such share does not free it from the fideicommissum. A clause disqualifying any son who became insolvent from obtaining a right under the will did not operate to disqualify an insolvent who was a fideicommissary under the will but who was rehabilitated before the right of succession accrued to him.
The appearance of this was that it hurt poor people, who referred to silver as "the poor man's money" given its use and circulation among the poor. While state Populist leadership believed its Party was more ideologically aligned with the Democrats, some Populists refused to align with a party that did not support increased coinage of silver. #1868 North Carolina Railroad Bonds Scandal: Ever since before the Civil War, the state had been trying to expand the Western North Carolina Railroad, which was incorporated in 1855. The railroad, which was supposed to link Asheville to both Paint Rock, Alabama and Ducktown, Tennessee, saw its construction stalled at Henry Station, a few miles from Old Fort, around 1872, as it was plagued with construction problems in the Blue Ridge Mountains and became insolvent due to underfunding, misappropriation of bonds, and poor management. The state purchased the railroad in June 1875 for $825,000.
Sir Francis Child took over most of the assets of Coggs & Dann a goldsmith banker "at the sign of the Kings Head in the Strand, over against St. Clement Danes Church",The London Goldsmiths 1200-1800, Sir Ambrose Heal, page 127 after the bank became insolvent in 1710 due to a massive fraud, orchestrated by gentleman fraudster Thomas Brerewood, which became known as the Pitkin Affair.Mr Bridgman's Accomplice, Long Ben's Coxswain 1660-1722, John Dann, 2019, page 25 After Child died in 1713, his three sons ran the business, and during this time, the business transformed from a goldsmith's to a fully fledged bank. The bank claims it was the first to introduce a pre- printed cheque form, prior to which customers simply wrote a letter to their bank but sent it to their creditor who presented it for payment. Its first bank note was issued in 1729.
The company was involved in what was once Ireland's largest corporate insolvency, with massive expansion of their retail network causing a massive increase in their stock price on the Irish Stock Exchange. The company's value reached IR£27 million, but the low turnovers in the video rental market meant that there was no cash to continue their huge expansion — up to 10 new stores a week — and the company became insolvent with its shares valued at 1/8 of a penny on its sale to Cambridge Investments, who in turn went bankrupt and the business was sold for IR£12m to a consortium of Montague Private Equity, 3i, and the partners behind NCV (a local wholesaler of videos, etc.). Less than 2 years later the consortium sold out to Blockbuster. The failure of the group, in both guises, was notable enough to be mentioned in Dáil debates in 1994.
The plan entailed converting the Grand Central Palace into an office building and attaching it to the adjacent structure via an arcade. The main entrance to the remodeled structure would be relocated to Park Avenue to the west, while the floor below, which faced Lexington Avenue, would be converted into retail. The Grand Central Palace would have been renamed the Central Square Building because at the time, there was a "central square" to the west, which abutted the north end of Grand Central Terminal. He formally filed plans for the construction of the annex the next year, and the new 20-story office building was completed by 1923. However, in 1925, Catts dispelled rumors that the Grand Central Palace would be transformed into an office building. Catts's enterprises became insolvent and went into receivership in 1927, though Grand Central Palace continued to host events. August Heckscher secured control of the Palace's lease in 1923. In the same transaction, he bought other real estate on the same block.
Courtenay Place assembly building 1924 Ford Model T tourer Henry Ford day Hamilton The last Ford model assembled in Courtenay Place, a 1936 V8 Model 68 The Colonial Motor Company (CMC) originated from William Black's American Coach FactoryAmerican Coach Factory Evening Post, Issue 194, 21 September 1865, Page 3 which started operations in 1859 at 89 Courtenay Place, Wellington. In 1881 Black's business became insolvent and was boughtMeeting of creditors Evening Post, Volume XXI, Issue 48, 28 February 1881, Page 2Wanted Evening Post, Volume XXI, Issue 117, 20 May 1881, Page 3 by the Empire Coach Factory, coach and carriage builders and wheelwrights of Rouse and HurrellRouse and Hurrell. Manawatu Times, Volume XXVIII, Issue 540, 2 November 1905, Page 3The Rouse and Hurrell Company Limited Evening Post, Volume LXIV, Issue 72, 22 September 1902, Page 7 who expanded the business with new three storied premises calling it Rouse and Hurrell's Empire Steam and Carriage Works. In 1908 director Charles Norwood arranged a Dominion wide Ford of Canada agency.
HC-One was formed in 2011 following the collapse of the UK's then-largest nursing home operator, Southern Cross Healthcare. The homes managed by Southern Cross were mostly owned by other companies, and when it became insolvent these landlord companies then needed to set up or contract with alternative operators to run the homes. The largest of these landlords was NHP (Nursing Home Properties), with 249 homes previously run by Southern Cross. Entrepreneur Chai Patel, a doctor and former Chief Executive of Priory Group, formed a consultancy in the name of his old company Court Cavendish, and joined with NHP to form HC-One to manage these homes.Dr Chai Patel moves from Kate Moss to Southern Cross care homes, The Daily Telegraph, 30 July 2011 Patel became the Chairman of HC-One. Patel also offered the company's services to run the 90 homes owned by London & Regional Properties, but that landlord chose to split its nursing home portfolio between two other operators. HC-One became operational on 1 November 2011, running 241 care homes and employing over 14,000 staff. In June 2017, HC-One appointed Justin Hutchens into the role of Chief Executive Officer.
The process would have seen the winning bidder receiving a 45% stake in Air Botswana, with the government holding a further 45%, and employees holding the remaining 10%. It was planned that once the airline has firmed its position under new ownership, it would be listed on the Botswana Stock Exchange. Air Mauritius withdrew from the process in September 2003, citing the downturn in global air travel markets since the 11 September 2001 terrorist attacks in New York City. Comair withdrew in December 2003, due in part to increased competition by low-cost airlines in the South African market. The government suspended the search for a strategic partner in February 2004. Following a P300 million loss in the first quarter of 2006, the Sunday Standard reported that the government hurriedly began efforts to privatise the airline before it became insolvent. The newspaper also revealed that the airline defaulted on its US$42,000 – 45,000 payments for the lease of the BAe 146 from April — July 2006, and that the arrears were paid once the airline's Secretary and Corporate Counsel warned that non-compliance with the contracts could lead to the termination of the lease of the aircraft and expose the corporation to claims for damages, which would affect its image during the privatisation process.
That year, Patrick Calhoun, a lawyer visiting town on railroad business, spied the James A. Garfield Memorial in Lake View Cemetery from a bluff on Streator's farm. He immediately offered to purchase Streator's acreage surrounding Streator Road for $30,000, closing the purchase in 1891. Calhoun intended to develop acreage as part of an upscale planned community that he named "Euclid Heights". Calhoun intended Euclid Heights to be a New England-style upper-income community of Protestants of Anglo-Saxon heritage. By 1892 the road was identified as Coventry Road in George F. Cram & Company's atlas of that year. The part of East Cleveland Township now known as Cleveland Heights became a hamlet in 1901, and then a village in 1903. As demand for large houses declined in the coming decades, and Calhoun's realty company became insolvent in the 1910s, unbuilt lots in the portion of Euclid Heights near Coventry Road were sold at foreclosure sales. Developers built apartment buildings on these empty lots. The Euclid Heights and Mayfield streetcar routes met at the Coventry–Mayfield intersection, making the area a convenient commuter transfer point after 1907. Most of the buildings on Coventry were constructed between 1913 and 1933, with the greatest growth occurring between 1921 and 1925, when 18 commercial buildings were erected.

No results under this filter, show 343 sentences.

Copyright © 2024 RandomSentenceGen.com All rights reserved.