112 Sentences With "financially distressed"

Business rescue allows a financially distressed company to temporarily delay creditors' claims against it or its assets.

The finding came in response to a petition from two financially distressed manufacturing companies, Suniva and SolarWorld.

In the early thirties, the Nazi Party was financially distressed, losing voters, and dissatisfied with Hitler's leadership.

This measure broadened an earlier law that provided an "emergency financial manager" for financially distressed cities and school districts.

PK. Although oil prices hit a six-month high on Monday, stocks of financially distressed energy producers were lower.

Toys "R" Us is the latest in a string of financially distressed companies hiring executives with debt restructuring experience.

Rick Snyder empowered the state to appoint emergency managers with wide-ranging powers over financially distressed cities and school districts.

They're fighting the bid by two financially distressed panel makers — Suniva and SolarWorld — for major new tariffs and other restrictions.

Judicial management is a process that gives a financially distressed company leeway to return to financial health under court supervision.

People should not be financially distressed for decades for the crime, the crime of trying to get a higher education.

Financially distressed borrowers face a lifetime of debt with little or no chance for escape, no matter how dire their economic situation.

Tanure, known for investing in financially distressed companies, acquired a stake in Oi through Société Mondiale after Oi filed for bankruptcy protection in June.

The backdrop: Administration officials characterize OPM as financially distressed, demanding a Congressional commitment to dissolve the agency by June 30 — or else face staff cuts.

"The Taxpayer Advocate is a lifeline for frustrated or financially distressed taxpayers who cannot resolve their problems through normal IRS channels," Neal and Lewis added.

Why it matters: The wider solar industry and its allies strongly opposes the tariffs that two financially distressed panel manufacturers—Suniva and SolarWorld Americas—are seeking.

Congress may make another attempt to reform the Chapter 12 bankruptcy law to allow more financially distressed family farmers to restructure debts and remain in operation.

Trump did exactly that last month by suggesting that the U.S. should host next year's G-85033 at his financially-distressed Doral Club in Miami, Florida.

Exchanging the debt of financially distressed firms for their equity can be a high-risk maneuver because shareholders are usually wiped out in the event of bankruptcy.

Warren vehemently opposed that proposal, saying it would only give more power to lenders like credit card companies that were already taking advantage of financially distressed individuals and families.

Judicial management - a process that allows a financially distressed company the room to return to financial health under court supervision - has also been sought by oilfield services firm Swiber Holdings.

Trump has built an elite group of 22016 golf courses, either owned by him or using the Trump name under license, focusing on buying financially distressed courses and renovating them.

Bankruptcy lawyers and public finance experts are watching Puerto Rico's case closely, to see if it shows a path that financially distressed states like Illinois might also one day take.

Judicial management allows a financially distressed company to be restructured under court supervision rather than the more disruptive process of liquidation that reduces the chance of creditors recouping money owed.

What they're saying: Suniva and SolarWorld Americas, the financially distressed panel makers that petitioned for the tariffs, applauded the move, even though the the penalties are less aggressive than they sought.

The activist, controlled by Brazilian businessman Nelson Tanure, is known for investing in financially distressed companies and acquired a stake in Oi after the telecom company filed for bankruptcy protection in June.

In 85033, for example, we secured $1 million in consumer restitution for payday loans that debt collectors illegally collected on — loans that, by and large, were made to financially distressed New Yorkers.

Berube is tasked with building the bank's restructuring advisory business targeting its corporate and private equity clients facing financially distressed situations, according to an internal memo circulated within the bank last month.

In a business rescue, a financially distressed company like SAA is placed under the temporary supervision of a specialist practitioner with the aim of rehabilitating the company to improve its chance of survival.

Business rescue practitioners Piers Marsden and Peter van den Steen said in a statement that they were "satisfied that Optimum Coal Mine is no longer financially distressed and can be discharged from business rescue".

The move from Lebanon will come just two days before a $1.2 billion bond payment is due to be made and could mark a defining moment for one of the world's most financially distressed countries.

The high court's ruling allows us to back up our words with actions, such as supporting foster homes, facilitating adoptions, ministering to single mothers, and helping provide greater access to health care for financially distressed families.

The state's school board, stocked with Republican Governor Bruce Rauner's appointees, is expected to declare Chicago's school system in "financial difficulty" as early as April under an Illinois law authorizing state takeovers of financially distressed school systems.

The "reverse auction," which Energy Minister Fernando Coelho Filho says could start within months, would provide an escape for financially distressed firms holding licenses for power projects, particularly in the solar and wind sectors, that they are unable to build.

CHICAGO (Reuters) - Illinois Governor Bruce Rauner said on Monday the state has the power to block any debt offerings by financially distressed school districts, including the cash-strapped Chicago Public Schools (CPS), which has been dependent on borrowing to fund operations.

The deal also sends a message to other financially distressed issuers that a bond default or bankruptcy may not lock them out of the $3.8 trillion muni market for that long, according to Nicholos Venditti, a portfolio manager at Thornburg Investment Management.

CHICAGO, Feb 22 (Reuters) - Illinois Governor Bruce Rauner said on Monday the state has the power to block any debt offerings by financially distressed school districts, including the cash-strapped Chicago Public Schools, which has been dependent on borrowing to fund operations.

A startup that&aposs raised more than $200 million in funding on the premise of offering digital banking services to financially-distressed customers will start offering commission-free stock trading next year — including the option to buy small slivers of pricey shares.

"We have a hard time taking seriously any depository institution claim to trying to serve the underserved, making credit available to financially distressed people and charging those same people $30 to $35 for overdraft," said Rebecca Borné, senior policy counsel for the Center for Responsible Lending, which is affiliated with the Self-Help Credit Union.

The Financially Distressed Municipalities Act (Act of 1987, P.L. 246, No. 47), also known as Act 47, is a Pennsylvania statute outlining procedures to stabilize municipalities in Pennsylvania undergoing financial distress. The Act empowers the Pennsylvania Department of Community and Economic Development to declare certain municipalities as financially distressed. It provides for the restructuring of debt of financially distressed municipalities, limits the ability of financially distressed municipalities to obtain government funding; authorizes municipalities to participate in federal debt adjustment actions and bankruptcy actions under certain circumstances; and provides for consolidation or merger of contiguous municipalities to relieve financial distress.

The Financially Distressed Municipalities Act (Act of 1987, P.L. 246, No. 47), also known as Act 47, empowers the Pennsylvania Department of Community and Economic Development to declare certain municipalities in Pennsylvania as financially distressed. Philadelphia and Pittsburgh are subject to separate state authorities, rather than this department.

Erie was at a decisive moment in its history as under Sinnott, Erie was kept out of Act 47 which is reserved for financially distressed cities.

Structuring the sale of a financially distressed company is uniquely difficult due to the treatment of non-compete covenants, consulting agreements, and business goodwill in such transactions.

The company purchased its first company, the financially distressed Continental Mutual Savings Bank, on July 25, 1930. Its marketing slogan for much of its history was “The Friend of the Family”.

Then the team became financially distressed after the 2005/06 season and was bought by the Ukrainian insurance company "Kniazha". They moved again and now to Lviv changing its name to FC Lviv.

The purpose of this approach is, first, to ensure that the government's entitlements against the financially distressed firm mirror its unique position as a potential investor with external interests that relate generally to the public. The general public can be compensated directly, not only indirectly, for its "investment" in the financially distressed business. Second, to deter potential firms from seeking government concessions. Third, to demonstrate equal treatment to a firm receiving a regulatory concession and to firms which do not receive such a concession.

In 1950 there were 9,210 residents of Greenville.Columbia Lippincott Gazetteer, p. 719 By 2000, the census showed a decline in population to 6,380. Greenville was designated a financially distressed municipality in 2002 by the Commonwealth of Pennsylvania.

Rotem analyzed the phenomenon of "The Phoenix Syndrome" underwhich shareholders of small to medium-sized business transfer the assets of their financially distressed business to a new enterprise while hiding such a transfer from the unsecured creditors of the business, thus securing, at least for a limited period of time, the possibility of continuing operation of their business. Rotem explained the complexities arising in such situations and offered a novel regulatory solution taking into consideration the costs associated with opting to a formal rehabilitation procedure for financially distressed small- to medium- sized businesses.

Melville Monument in St Andrew Square, Edinburgh. Late in life Dundas was frustrated and financially distressed. He drank heavily. However at his death the immediate reaction was one of widespread praise from most quarters (apart from the whigs in Scotland).

Miner is a vocal opponent of Gov. Andrew Cuomo's policies on pensions and financially distressed cities. Mayor Miner publicized Gov. Cuomo was failing to take charge of the issue and had offered cities an "accounting gimmick" called pension smoothing instead.

Although some municipalities (listed in the chart below) have had the Financially Distressed designation removed, most cannot afford to lose the benefits Act 47 provides. The benefits include revenue from the nonresident wage tax available only to cities with Act 47 status.

Wokulski, in his quest to win Izabela, begins frequenting theaters and aristocratic salons; and, to help her financially distressed father, founds a company and sets the aristocrats up as shareholders in the business. Wokulski's eventual downfall highlights The Doll's overarching theme: the inertia of Polish society.

This newspaper played an important role in supporting the Federalist political movement in the 1790s.Daniel, p. 165. Greenleaf also provided critical financial support to Noah Webster during Webster's financially distressed early years. Without such support, Webster would have been unable to continue writing or sustain his interest in his dictionary.

The firm did much for the establishment of the cotton textile industry in New England. In 1830, it came to the aid of financially distressed mills of Lowell, Massachusetts. In that year, the Suffolk, Tremont and Lawrence companies were established in Lowell, and Luther Lawrence, the eldest brother, represented the firm's interests there.

Haib copper prospect, Namibia. The adit is in the centre of the photo. In 2006, Weatherly International plc of the United Kingdom agreed to acquire 56% interest in financially distressed Ongopolo; Weatherly subsequently increased its equity interest in the company to 100%. Ongopolo operated the Kombat, the Matchless, and the Otjihase Mines.

Consumer balance sheets with large portions of financial assets may estimate their probability of becoming financially distressed as low and are more willing to spend on durable goods and housing. Monetary policy changes that decrease the valuation of financial assets on consumers' balance sheets can result in lower spending on consumer durables and housing.

Today a stark post- industrial landscape, Duquesne has fewer total residents (5,565 at the 2010 U.S. census) than were the city's mill workers in 1948.ExplorePaHistory.com, s.v. Duquesne Steel Works According to the McKeesport Daily News, Duquesne has the worst performing schools in the state of Pennsylvania. Duquesne was designated a financially distressed municipality in 1991 by the state.

After graduating he joined Canadian Corporate Funding Ltd., then one of Canada's leading private equity firms. He later joined Cerberus Capital Management in 1997, becoming a managing director at the firm and overseeing the fund’s telecommunications portfolio and Canadian investments. While working at Cerberus, he also developed a distinctive approach to lending to financially distressed companies.

In 1990, the State of Illinois passed (65 ILCS 5/Art. 8 Div. 12) The Financially Distressed City Law. Under this law, Illinois Governor James R. Thompson provided $34 million in loans to East St. Louis, with the stipulation that an appointed five-member board, called the East St. Louis Financial Advisory Authority, manage the city's finances.

Roberts continued as a consulting engineer and inventor until his death, taking out 18 patents. In 1860, aged 71 he moved to London, where he became financially distressed. Various friends, almost all engineers, raised a fund to help him, but he died in his daughter's arms in London on 11 March 1864 aged 74. He was buried at Kensal Green Cemetery, London.

Noted educator Sophia B. Packard served for some time as his assistant. Early in February 1879 the financially distressed First Baptist Church of Chicago extended a call to Lorimer to go there from the Tremont Temple, and on May 4, 1879, he preached his first sermon as pastor of the Chicago congregation.Alfred Theodore Andreas, History of Chicago, Volume 3 (1886), p. 811-812.

Of the roughly 12,000 housing units in Hyde Park, 60% are owner-occupied. The number of rental units grew by 3% between 2000 and 2010. 6% of housing units are vacant, the vast majority of which are apartments. In the aftermath of the financial crisis of 2007–08, Hyde Park experienced a large increase in the number of financially distressed properties.

The borough government is in financial difficulty. In May 2015, it was declared to be "financially distressed" by the state. With an annual budget of about two million dollars, the borough is more than one million dollars in debt. The local district attorney has seized financial records, although at least some from 2011, 2012, and 2013 cannot be accounted for.

Kalyana Lakshmi Scheme or కళ్యాణ లక్ష్మిపధకం and Shaadi Mubarak is a welfare scheme for providing financial assistance for marriages by the Government of Telangana, a novel scheme for all poor people in the state. The scheme gives an assistance of ₹1,00,116, and is aimed at preventing child marriages and support marriage expense for financially distressed families. By March 2018, the beneficiaries stood at 3,50,000.

Insignia Financial Group was a company that invested in apartments that were financially distressed, with the goal of increasing value via recapitalization. It was founded and controlled by billionaire Andrew L. Farkas and was headquartered in Greenville, South Carolina. It was the largest manager of apartments, controlling 300,000 apartment units at its peak. The company was sold in two tranches in 1999 and 2003.

Many of the assets were sold at auction to Britain-based Caparo Corporation and later to Swiss steelmaker Duferco, which operates the plant today. Farrell was designated a financially distressed municipality in 1987 by the state of Pennsylvania. Despite years of population and industrial decline, Farrell has made progress in rebuilding itself due to new industrial investments on tax abated land and several new housing starts.

During this time, the company was renamed Heartland Foods and it purchased 120 additional stores from other financially distressed owners and completely revamped them as well. The resulting purchases made Mr. Cabrerra Burger King's largest minority franchisee and Heartland one of BKC's top franchisee groups. By 2006, the company was valued at over $150 million, and was sold to New York-based GSO Capital Partners.

Three months after the 1969 NFL draft, financially distressed owner Jerry Wolman sold the Eagles on May 1, 1969 to trucking millionaire Leonard Tose. Tose and Kuharich agreed to a settlement on the remaining years of the ex-coach's $60,000 annual contract. In Kuharich's final draft, the Eagles selected a running back of (ultimately) marginal skills named Leroy Keyes, who ended up being just a spot player on the roster.

Derrough began his investment banking career at Salomon Brothers as an analyst on the bond desk in 1989. In 1991 he joined Chanin & Company, a boutique specialty investment banking firm in Los Angeles, where he spent seven years advising financially distressed businesses. Derrough was a principal at Doyle & Boissiere, a private equity firm in San Francisco, from 1997-1998. In 1998, he joined Jefferies & Company to launch its Recapitalization & Restructuring business.

The upcoming maturity of a significant amount of debt, coupled with sizable financial losses, had many observers predicting that EFH will ultimately file for bankruptcy, which it did on April 29, 2014. The prominent credit-rating firm Moody's had called EFH "a financially distressed company with an untenable capital structure." The pending bankruptcy represents the biggest bankruptcy of a private equity-backed company since the failure of Chrysler Group in 2009.

Governor John Martin attempted to blame Mayo for the security breach. Another political battle between Martin and Mayo occurred in 1928 when Martin was trying to pass a bond issue to drain the Everglades for agricultural development. Mayo refused to approve the bond issue, killing the initiative. During the Great Depression, Mayo established farmers' markets throughout Florida to give financially-distressed farmers new outlets to sell their products.

Murray was president of Duquesne University from 1988 to 2001, serving what the Pittsburgh Post-Gazette referred to as an "extraordinary tenure" that set "a standard of excellence and achievement that is truly remarkable and may prove hard to equal." During his administration, Duquesne grew from a small, financially distressed Catholic university to a major research institution with over 10,000 students, a significant endowment, and numerous new buildings and facilities.

Greenville is part of the Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area, and was designated a financially distressed municipality in 2002 by the Commonwealth of Pennsylvania. It is home to the Werner Company, the world's largest manufacturer of step and extension ladders. Other national companies based in Greenville include Bail USA and Athena Study Abroad. A prominent regional bus company based in Greenville is Anderson Coach & Travel.

Voluntary Chapter 9 petition, docket entry 1, Oct. 11, 2011, case no. 1:11-bk-06938-MDF, U.S. Bankr. Court for the Middle District of Pennsylvania Bankruptcy Judge Mary France dismissed the petition on the grounds that the City Council majority had filed it over the objection of Mayor Linda Thompson, reasoning that the filing not only required the mayor's approval but had circumvented state laws concerning financially distressed cities.

Two or more contiguous municipalities can be consolidated into one, or one municipality can consist of many noncontiguous elements. For example, the Financially Distressed Municipalities Act allows the commonwealth of Pennsylvania to merge contiguous municipalities to reduce financial distress. Geographic contiguity is important in biology, especially animal ranges. For a particular species, its habitat may be a 'contiguous range', or it might be broken, requiring periodic, typically seasonal migrations (see: Disjunct distribution).

It was relocated to the corner of Walnut Street and 69th Street in Upper Darby in 1992. This relocation has caused significant financial difficulties for the Borough, which now has one of the top two tax rates in Delaware County. Millbourne was designated a financially distressed municipality in 1993 by the state of Pennsylvania. The Borough requested removal from distressed status in approximately 2006, but has since applied for status as a "blighted" community.

Documentation includes correspondence and Clark's memoir. In 1949, Clark undertook a second project for Eisenhower when asked to consider a means of assisting the financially distressed American Military Institute. Discussions resulted in a plan to reorganize the Institute under the auspices of Columbia University and broaden its scope to include the study of war and peace. Eventually Columbia established a separate Institute of War and Peace Studies, leaving the American Military Institute to secure other funding arrangements.

The Business Manager is responsible for budget and financial operations. Neither of these officials are voting members of the School Board. The School Board enters into individual employment contracts for these positions. In Pennsylvania, public school districts are required to give 150 days notice to the Superintendent regarding renewal of the employment contract.Pennsylvania General Assembly, Pennsylvania School Code, 2013 In 2012, the City of York School District was identified by the Pennsylvania Department of Education as financially distressed.

In 1990, the magazine was the subject of a libel lawsuit brought by two police officers after publishing an article about the disappearance of a Pittsburgh man; the suit was settled for $75,000. Amid significant staff turnover, former employees suggested that the growth of the magazine was stunted by its relationship with the financially distressed WQED. In October 1993, Sewickley native Christopher E. Fletcher was hired as editor. The magazine underwent a significant format re-design in 1994.

The socially progressive Liberals and staunchly conservative Enterprisers are tied as the two most affluent groups while Liberals are the most educated. Liberals have a slightly higher percentage of college graduates than Enterprisers (49% of versus 46% of Enterprisers). Bystanders, those who chose not to participate in the political process, have the least percentage of college graduates (11%) and are tied with Disadvantaged Democrats as the most financially distressed. Generally, education and affluence increase the chances of an individual to be politically active.

In 2004 Ken D'Angelo was diagnosed with terminal cancer, and in September 2004 national franchise consultant John Hayes took over as president and CEO. D'Angelo died on January 8, 2005. 2007-2009 After the slowdown in housing sales due to the United States sub- prime mortgage crisis, the firm marketed its services to financially distressed home owners who were facing foreclosures and looking for a quick sale. Holding company Franchise Brands LLC acquired majority interest of the firm on June 11, 2008.

Blaine, Sue (23 November 2009) Cida suspends foundation programme BDlive, accessed 30 Dec 2012 In June the university signed an agreement with Bournemouth University of Britain to create a school for tourism and hospitality. Using its CIDA Empowerment Fund, the university purchased a 25% ownership in Cambridge University Press.Blaine, Sue (17 June 2009) Cida deals mean chances for poor students BDlive, accessed 30 Dec 2012 In December 2012 CIDA City Campus became financially distressed and was put under the control of a business rescue firm.

Nick and Meg attend a dinner party at Morgan's place. Before dinner is served Meg agrees to meet another man later and tells Nick about the planned meeting. When dinner is served Morgan makes a toast to Nick, giving tribute to Nick's formative influence on him when they were younger, and Nick's successes in personal life. Nick rises and tells the entire dinner party that he has not had academic success, his wife has a date with another man, and he is financially distressed.

Cross-border insolvency (sometimes called international insolvency) regulates the treatment of financially distressed debtors where such debtors have assets or creditors in more than one country. Typically, cross-border insolvency is more concerned with the insolvency of companies that operate in more than one country rather than bankruptcy of individuals. Like traditional conflict of laws rules, cross-border insolvency focuses upon three areas: choice of law rules, jurisdiction rules and enforcement of judgment rules. However, in relation to insolvency, the principal focus tends to be the recognition of foreign insolvency officials and their powers.

Thirty-five families lost housing in buildings that were damaged by fire.. By mid August, the vast majority of the heavily damaged sites were still left in ruins or dangerous piles of hazardous rubble as the city required business owners to be fully compliant with property taxes before issuing demolition permits. Frustrated and financially distressed business owners felt the city was discouraging reinvestment, especially as Saint Paul officials expedited demolition permits without a similar requirement. Minneapolis officials eventually waived the property tax requirement after the issue generated public scrutiny.Meitrodt, Jeffrey (13 August 2020).

The two merchants go to Bulgaria during the Russo-Turkish War, and Wokulski makes a fortune supplying the Russian Army. The enterprising Wokulski now proves a romantic at heart, falling in love with Izabela, daughter of the vacuous, bankrupt aristocrat, Tomasz Łęcki. In his quest to win Izabela, Wokulski begins frequenting theatres and aristocratic salons; and to help her financially distressed father, founds a company and sets the aristocrats up as shareholders in his business. The indolence of these aristocrats, who secure with their pensions, are too lazy to undertake new business risks, frustrates Wokulski.

The competing Algoma Eastern Railway was built in 1914 by the Sault Ste. Marie-based Lake Superior Corporation, which served a more primarily industrial corridor largely north of the CPR line in the east, though it did operate some passenger services. During the Great Depression, a number of dairy farms in the area were permanently shut down and mining and lumber operations reduced to skeletons or mothballed entirely. This drastically reduced traffic along both lines, and Canadian Pacific bought the Algoma Eastern line from the financially distressed Lake Superior Corporation.

We grew the business every > year and ran into growing pains financially and ended up getting a line of > credit with Bank of America. In 2007, the economy went south and we had > incredible sales erosion due to retailers going out of business, > distributors becoming financially distressed, etc. It impacted us on a > global level quickly. With BOA going through its own crisis, they ended up > calling our note and while we did what we could to pacify them, paying down > the note, nothing seemed to satisfy them.

Out of the total revenue generated from the tax, 50 percent would go to the school district. By law, municipalities can tax citizens only 1 percent a week in the earned income tax, but financially distressed cities can petition the courts to increase it to 2 percent a week. In December 2013, Shamokin City Council cut several full- time police officer positions in an effort to reduce budget overruns into compliance. The Shamokin City Council unanimously approved a 2015 budget of $3.7 million setting property taxes at 58.1 mills.

Although the Insolvency Act does not focus on rehabilitation of financially distressed companies, the legislation does contain various provisions for corporate rescue. Part II of the Insolvency Act provides for creditors' arrangements, whereby the creditors of an individual or a company may, by a 75% vote, approve an arrangement which may enable the company to continue trading. This is subject to the rights of the secured and preferred creditors. Part III of the Insolvency Act deals with administration orders, designed to enable a trading company to have breathing space to deal with its creditors.

Rather, adopting a Turnaround ADR is considered a preferable procedure for financially distressed companies as it provides breathing space for such companies to focus on revitalizing their business. Such space is gained by the alleviation of debts against relevant financial institutions without adversely affecting integral business relationships with partners and customers. A private operator certified by the Minister of Justice and the Minister of Economy, Trade and Industry, provides mediation services in a Turnaround ADR. The Japanese Association of Turnaround Professionals (JATP) is the only private operator certified to provide mediation services for Turnaround ADR.

Photos and commentary describing the LVT operation and route as it progressed northward from Philadelphia to Allentown; high speed operation; sudden abandonment. and they used less electric power than their predecessors. LVT ridership increased, and then with the start of World War II, gasoline and tire rationing required more non-automobile transportation in the Philadelphia region and ridership increased dramatically leading to an exhausting use of LVT equipment. The Red Devils had been the result of one successful Ohio interurban combining with two financially distressed Ohio lines in 1930 to become the Cincinnati and Lake Erie Railroad.

A monument to temperance was built in 1848, the bells of which Kelly blessed, and, in the same year, a society for the care of the poor and sick, and for the education of girls, was established under Kelly's supervision. The next year marked the completion of another new presbytery, funded privately by Kelly, who turned the old one into another college. William Henry was renamed Sorel in 1845. Kelly's work in the area had exhausted him, and by the end of 1849 he entered the Hospice Saint-Joseph at Longue-Pointe, physically, mentally and financially distressed.

The Supreme Court declined to hear the case. In 2014, four years after Barletta had left office, the town of Hazleton received a court order to reimburse the ACLU $1.4 million in legal fees (which was more than one tenth of the annual revenue of the town for 2017), and the town, which was already in debt to the tune of $6 million, had to take additional loans to pay the fees. In 2017, the Pennsylvania Department of Community and Economic Development declared that the town of Hazleton was financially distressed and had entered a recovery plan with the state.

The Pampanga Mayors' League issued a resolution as early as 2009 to start the process to come up with an agreement with the Department of Tourism to acquire management and jurisdiction over Paskuhan. As of 2012, the Village is financially distressed and almost all shops, restaurants and other features were practically closed, with a budget of only 800 thousand pesos a month and only 24 workers left. By that time Paskuhan has discarded its Northern Luzon theme. The Commission on Audit in a 2012 circular advised TIEZA to rehabilitate, privatize or handover the facility to the local government.

The YWCA moved out of this building in 2003; headquarters moved to 1013 West Lake Avenue in Lakeview Park, where the YWCA had maintained a campground since the late 1960s.; accessed via link "Agreement and Lease 1966 1013 W Lake Peoria" at "Bank-Owned Former YWCA Peoria, IL" (Chicago: Rick Levin & Associates, Inc.), 2012. Later, partially due to funding a new pool at the YWCA Lakeview building in the 2000s, the Peoria YWCA became financially distressed, moving out of the Lakeview building in 2011 and closing down completely in the summer of 2012. Since April 2008, this building has been New Hope Apartments, supportive housing with 79 apartments.

The failure of AmeriKing accompanied with declining market position deeply affected the value of the company, and put negotiations between Diageo and the TPC Capital-lead group on hold. The developments eventually forced Diageo to lower the total selling price by almost three- quarters of a billion dollars. After the sale, newly appointed CEO Bradley Blum initiated a program to help the roughly 20 percent of its franchises, including its four largest, who were in financial distress, bankruptcy or had ceased operations altogether. Partnering with the California-based Trinity Capital, LLC, the company established the Franchisee Financial Restructuring Initiative, a program to address the financial issues facing BK's financially distressed franchisees.

Heartland Food Corporation (Heartland) came into existence when Miami-based franchisee Al Cabrera purchased a large chunk of stores, 130 locations primarily in the Chicago and the upper mid-west, from the failed franchise AmeriKing for a bargain basement price of $16 million, or approximately 88% of their original value in December 2003. Taking these stores, he and his partners created a new company called Core Value Partners to renovate and update the locations which had deteriorated during Ameriking's decline. During this time, the company was renamed Heartland Food Corp. and it purchased 120 additional stores from other financially distressed owners and completely revamped them as well.

As a land bank, the Cuyahoga Land Bank acquires financially distressed properties, including those which have been foreclosed due to unpaid tax liens or mortgages, rehabilitates or (in most cases) demolishes the structures on the property, and then either sells the properties, or holds them off the market, with the goal of reducing the glut of undervalued properties (and stabilizing surrounding property values) until economic conditions improve.Brian Louis, "Rust Belt Cities Demolish Homes as Defaults Blight Neighborhoods", Bloomberg News, November 17, 2010.Lindsey Rupp, "BofA Donates Then Demolishes Houses to Cut Foreclosures", Bloomberg News, July 27, 2011.Brian Bull, "Ohio Tears Through Blighted Housing Problem", NPR, April 5, 2012.

She had a long friendship and business association with Sergi Diaghilev and was involved in all creative aspects of the Ballets Russes \- from friendships with its dancers, to input on costume designs, to choreography. Through the years she supplied funds for the often financially distressed ballet company. On the opening night of "Petrushka", she came to the rescue with the 4000 francs needed to prevent repossession of the costumes. When Diaghilev lay dying in Venice she was at his side and, after his death in August 1929, she paid for his funeral, honoring the man who had been such an important influence in the world of ballet.

On 22 August 2012, it was reported that 1time had filed for business rescue to give it protection from its creditors because it was "financially distressed". 1time ceased operations and filed for liquidation on 2 November 2012, cancelling all flights and stranding hundreds of passengers, after a final meeting with shareholders. The airline's final flight was at 15:00 on the day it was liquidated. The airline later issued the following statement on its website: The business rescue practitioner has advised that there are no reasonable prospects of survival as a potential financier notified us this afternoon that they are no longer able to invest in our airline.

The foreclosure process begins when a financially distressed homeowner fails to make a loan payment and is served with a summons from his or her creditors. After service, papers will be filed with the county clerk's office and be made a matter of public record (in some areas the place where deeds and mortgages are registered may go by a different name, such as the office of the land registrar). This notice is usually known as Lis Pendens, which is Latin for "pending legal action". At this point, any attempts by the homeowner to borrow from public credit sources will be met with a negative response.

Arthur Bernon Tourtellot, Lexington and Concord: The Beginning of the War of the American Revolution, 1959, "", January 11, 2011. Martin had been unable to pay the fine in cash, so authorities seized a cow from his property and sold it for 20 pounds. The difference of 10 pounds was due to Martin, but he refused to accept it, maintaining he be repaid either the entire sum of the fine or nothing at all. Years later, when Martin and his family became financially distressed, a petition was drafted and delivered to Governor John Endecott in 1643 to return to Martin the amount of his fine.

Alternatives to filing with an attorney are: filing pro se, hiring a non-lawyer petition preparer, or using online software to generate the petition. To be eligible to file a consumer bankruptcy under Chapter 7, a debtor must qualify under a statutory "means test". The means test was intended to make it more difficult for a significant number of financially distressed individual debtors whose debts are primarily consumer debts to qualify for relief under Chapter 7 of the Bankruptcy Code. The "means test" is employed in cases where an individual with primarily consumer debts has more than the average annual income for a household of equivalent size, computed over a 180-day period prior to filing.

However, the newly christened WQLE, presumably unable to continue paying ASCAP/BMI fees necessary to broadcast music, switched from oldies to an all-talk populism-based format by Chuck Harder's "For the People" nonprofit network that shared its revenues with its affiliate stations, many of which were financially distressed like WQLE. Pierre and operations manager Robert Wall were the station's only two employees, trying to keep costs as low as possible until positive revenue was generated. The "For the People" partnership and the efforts of Pierre and Wall to sell local commercials were unable to generate revenue substantial enough to keep WQLE on the air. Despite their best efforts, the venture was ultimately unsuccessful.

His goal was to provide a rigorous classical education to minority students and the less fortunate, heavy on history, English, and writing; Merrill himself taught Bible class to the entire class of ninth graders, not from a religious perspective but from a humanistic one. He also maintained the principles of Yankee frugality, requiring students to participate in the upkeep of the school, from bussing tables and washing dishes at lunch to emptying trash baskets at the end of the day. His generosity was quiet but overflowing; it was not unusual for Merrill to foot the tuition bills, even college tuition, for students who were financially distressed. Commonwealth School was not Merrill's first foray into high school education.

A total of almost 10,000 Lea-Francis vehicles were made until production ceased due to the Lynx's failure to capture the buying public's attention. By the time of the Lynx's launch, Lea-Francis was so financially distressed that they could not afford to build Lynxes unless they had been pre-ordered, and as none were, only three prototypes were made. Lea-Francis also dallied into starting production of the Fuldamobil Nobel bubble car to keep busy but it proved a frivolous plan and had competition from the famous Cooper MINI that was introduced in the late 1950s. More serious work was undertaken when a new prototype was built for a possible brand new saloon using a Chrysler V8 engine but the project remained unfinished.

Following the end of World War I, there was a pressing need for facilities to provide medical care for the influx of recently returning veterans in Minnesota and the surrounding states. In the fall of 1920, representatives from the Federal Government's Public Health Department negotiated a five year lease of the 350-bed main building of the financially distressed Asbury Hospital located near Elliot Park in downtown Minneapolis. In early 1921, the lease was transferred to the Veterans Bureau and United States Veterans Hospital Number 68 began operations. Its initial focus was on rehabilitation medicine and treating tuberculosis exposure. In 1925, President Calvin Coolidge transferred 160 acres from the Fort Snelling Military Reservation by executive order to construct a permanent campus for this Veterans Hospital.

As Lord Mayor, Walder was given a life appointment to the New South Wales Legislative Council from 8 September 1932. However, with the abolition of life appointments and the introduction of indirect elections to the council in 1933, Walder was elected as a member on 21 November 1933. An active philanthropist along with his wife, in 1933 he donated £100 towards an initiative to build houses for the financially distressed. As a vice-president of the liberal conservative National Association of New South Wales in 1930 and a member of the committee that negotiated the creation of the United Australia Party, of which he was a vice-president in 1933–1939, Walder sat for the UAP in the Legislative Council until his defeat in April 1943.

The flaw with electronic tickets is that they only document one very simple type of transaction: a passenger boards a plane at point A and gets off at point B, and the airline charges (1) airfare and (2) taxes. At the time e-tickets were first implemented in the 1990s, this simple data structure was not a major problem because most airlines still practiced product bundling. That is, it was simply expected in most major markets that the price of a ticket included many other ancillary services like (1) checking up to two regular-sized bags and (2) one or two in-flight meals. During the 1990s and 2000s, many airlines became financially distressed due to numerous factors: deregulation, competition from low-cost carriers, rising fuel prices, and economic shocks in the form of the dot-com bubble and later, the Great Recession.

In 1881, Matthew Hamilton Gault, then a prosperous businessman and Member of Parliament, remitted to the Belfast Banking Company (Ireland) the sum of £156.5.0. With this payment, he discharged the balance of his father's debt which, in 1842, had compelled the financially distressed Gault family to emigrate. In response, a director of the overseas bank wrote Matthew Gault a letter expressing the directorship's admiration for this "act so honourable and unusual" in the elimination of a debt that had long ago been formally written off: > The Belfast Banking Company Belfast, 16th August 1881 Dear Sir, The > Directors of this Bank have received from their Strabane Branch your cheque > for £156.5.0, the amount of debt due to this company by your father Mr. > Leslie Gault so long ago as 1839 and which having been written off very many > years ago, as a loss, had disappeared from our accounts and even from our > memories.

Born in Groton, Massachusetts, the son of American Revolutionary War officer Samuel Lawrence, Abbott Lawrence attended Groton Academy (now the Lawrence Academy at Groton). Upon his graduation in 1808, Lawrence became an apprentice to his brother, Amos, as chief clerk in his brother's firm. On the conclusion of his apprenticeship, in 1814, the Lawrences formed a partnership, specializing in imports from Britain and China, and later expanded their interests to textile manufacturing. Initially called A. & A. Lawrence, the firm later was named A. & A. Lawrence and Co. It continued until Amos's death, and became the greatest wholesale mercantile house in the United States. It was successful even in the hard times of 1812-1815. In 1818, A. &. A Lawrence purchased 50 shares of the Suffolk Bank, a clearinghouse bank on State Street in Boston. The firm did much for the establishment of the cotton textile industry in New England. In 1830, it came to the aid of financially distressed mills of Lowell, Massachusetts.

In 2009, the B2Gold became a gold producer with its acquisition of the TSX-listed, and financially distressed company, Central Sun Mining. This all-stock deal, estimated to be valued at $67 million, gave B2Gold its first two mines, El Limon and La Libertad both in Nicaragua. The company produced 21,200 ounces of gold in 2009 up to 157,885 ounces in 2012. B2Gold added a third mine, in 2012, with its merger with ASX- listed CGA Mining. The deal gave B2Gold the Masbate mine in the Philippines and CGA Mining shareholders received 38% of the combined company. Around this time, in 2013, B2Gold also acquired Volta Resources in an all-stock deal worth US$63 million for its Burkina Faso exploration properties, and lost an exploration property in Rancho Grande (El Pavón), Nicaragua, due to community opposition. With three operating mines, B2Gold produced 366,000 ounces of gold in 2013 and 391,000 ounces in 2014. B2Gold's fourth mine came from the development of the Otjikoto project, acquired in its 2011 merger with TSX- listed Auryx Gold which gave Auryx shareholders 10% of the combined company.