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	"Bankruptcy, Bankrupt" Defined & Explained
		BANKRUPT - A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt.
		A man may be a bankrupt, and yet be perfectly solvent; that is, eventually able to pay all his debts or, he may be insolvent, and, in consequence of not having done, or suffered, an act of bankruptcy.
		Bankrupt laws discharge the person from imprisonment, and his property, acquired after his discharge, from all liabilities for his debts insolvent laws simply discharge the debtor from imprisonment, or liability to be imprisoned, but his after-acquired property may be taken in satisfaction of his former debts.
	www.lectlaw.com /def/b011.htm (336 words)

	Bankruptcy - Wikipedia, the free encyclopedia
		The primary purpose of the laws of bankruptcy are: (1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and (2) to repay creditors in an orderly manner to the extent that the debtor has property available for payment.
		On this principle they trace the origin of bankrupts from the ancient Roman mensarii or argentarii, who had their tabernae or mensae in certain public places; and who, when they fled, or made off with the money that had been entrusted to them, left only the sign or shadow of their former station behind them.
		Bankruptcy fraud is a business crime of filing for bankruptcy with criminal intent, that is with the intention of evading payment for goods even though the buyer has funds that could be used to pay for them, or accepting payment for goods or services but not supplying them.
	en.wikipedia.org /wiki/Bankrupt (927 words)

	RealCorporateLawyer.com \| Securities Law Issues for Bankrupt or Distressed Companies (Site not responding. Last check: 2007-11-07)
		When a bankrupt filing is actually made and a receiver is appointed, a mandatory Form 8-K is required on Item 3, and the plan should be filed as an exhibit.
		Section 1145 of the bankrupt Code is the general exemption for securities issued under a Chapter 11 plan in exchange for claims or equity interests in a debtor.
		Under Section 1126(c) of the bankrupt Code, a plan of reorganization must be approved by creditors that hold at least two-thirds in amount - and more than one-half in number - of the allowed claims actually voting on the plan and, if applicable, by the holders of at least two-thirds in amount of equity interests.
	www.realcorporatelaw.com /faqs/bankrupt.html (5821 words)

	BankruptcyNews.org::News articles & research on bankrupt (Site not responding. Last check: 2007-11-07)
		Consolidation was the catchword of the integrated steel industry in 2003 as the assets of two bankrupt steel giants were folded into the operations of their...
		Bankrupt telecommunications giant MCI Friday got a green light for its reorganization plan, setting the stage for its emergence from Chapter 11.
		His businesses went bankrupt, he reached an unsatisfying plateau during what was to be a career in the Army, his relationships with women ended in acrimony and...
	finance.za-news.com /news/bankrupt.html (11345 words)

	bankrupt. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000. (Site not responding. Last check: 2007-11-07)
		A person who is totally lacking in a specified resource or quality: an intellectual bankrupt.
		To ruin: an administration that bankrupted its credibility by seeking to manipulate the news.
		French banqueroute, from Italian banca rotta, broken counter (from the practice of breaking the counters of bankrupt bankers) : banca, moneychanger's table; see banco + rotta, past participle of rompere, to break (from Latin rumpere; see reup- in Appendix I).
	www.bartleby.com /61/24/B0062400.html (195 words)

	Bankruptcy in Victorian England -- Threat or Myth?
		In an age that lacked almost all forms of modern social security, the threat of becoming a bankrupt was extremely serious -- even after the closure of the debtor's prisons that Dickens anachronistically depicted in Little Dorrit.
		With good reason Victorian novelists represent the bankrupt as a person shipwrecked and castaway, a human being helpless against indifferent forces of nature.
		Thackeray presented -- and reinforced -- a common fear among the middle-classes when he depicts a family whose belongings are suddenly taken away from them and sold at auction.
	www.victorianweb.org /economics/bankrupt.html (616 words)

	Dot-Bankrupt :: Where did your job go today? (Site not responding. Last check: 2007-11-07)
		Edward Okun, an Indianapolis developer and syndicator of commercial real estate, said progress stalled when he learned the Federal Aviation Administration and the U.S. Department of Transportation decided that following the resignation Thursday of Chicago Express’ chief of maintenance, the airline’s flight certificate, its federal permission to fly, would be revoked.
		Bankrupt British automaker MG Rover faced the end of the road yesterday as administrators moved to axe more than 80 per cent of its 6,100 workers after a failed tie-up with a proposed Chinese partner.
		Mirant Corp. and its shareholders sparred Monday over how much the bankrupt energy supplier is worth, a key factor in determining whether those people who owned stock in the company will get any money back when it reorganizes.
	www.dot-bankrupt.org (1324 words)

	Reckless borrowing leaves record numbers bankrupt - Evening Times (Site not responding. Last check: 2007-11-07)
		A record 845 people in Scotland were made bankrupt in the third quarter of the year - a rate of 13 every working day - according to figures from financial advisers Grant Thornton.
		The bankruptcies are the direct result of consumers running up debts on credit cards and taking on the huge mortgages easily available on the high street.
		Matt Henderson, a partner with Grant Thornton, said: "We now expect up to 3500 people to be declared bankrupt in Scotland during 2003.
	www.eveningtimes.co.uk /news/5021121.shtml (200 words)

	Fool.com: FAO's Sad Toy Story [Motley Fool Take] December 3, 2003
		Instead of recounting them here, this time might be better spent revisiting a worthy topic: What happens when a company's stock is delisted from a major exchange and begins trading, as bankrupt companies often do, over the counter with the letter "Q" affixed to the end of the ticker.
		According to yesterday's press release, the company attempted but failed to sell part or all of the business, and thus it doesn't expect "any recovery would be available to its common stockholders." In short, it looks bad.
		Fool Bill Mann probably put it best in a January 2002 article: However little you may be investing in a bankrupt company, and however "tempered" your expectations might be, "Putting some money in these companies is a bad idea, a monumentally bad idea.
	www.fool.com /News/mft/2003/mft03120310.htm (464 words)

	Considering Business Bankruptcy act bankrupt receiver committee (Site not responding. Last check: 2007-11-07)
		Before the 20th century, rules and practices concerning bankruptcy generally favored the creditor and were very harsh toward the bankrupt.
		A bankrupt individual was considered a criminal and was subject to criminal punishment.
		A bankrupt company, the “debtor”;, might use Chapter 11 of the Bankruptcy Code to “reorganize” the business and try to become profitable again.
	www.amerassist.biz /bankruptcy.html (1238 words)

	Todd Zywicki on National Review Online
		If the FBI is right, in 150,000 of those cases bankrupts were just lying about their assets.
		A debtor who fails to disclose his boat, Porsche, Corvette, and Ford Excursion, and values his home at $120,000 less than he paid for it — to mention one case investigated by the Department of Justice — is not a “family in distress” as most of us think of the phrase.
		In some states, such as Texas, Florida, and several farm states, bankrupts are entitled to protect their entire homestead, regardless of amount.
	www.nationalreview.com /comment/zywicki200503150744.asp (2036 words)

	Opinion: Bankrupt in Tallahassee
		Fuchs said in the summer of 1999 that Florida was "functionally bankrupt" and that the next inevitable recession would swiftly prove it.
		Considering all this, Bush wasn't simply spinning the people of Florida but mocking their intelligence when he tried this week to downplay talk about "cuts" in favor of such euphemisms as slowing the growth in spending.
		When you have to educate more children for proportionately less money, it's a cut, and to call it anything else raises the question of which is more bankrupt: the budget, or Florida's leadership.
	www.sptimes.com /News/100401/Opinion/Bankrupt_in_Tallahass.shtml (792 words)

	Bankrupt Entertainment (Site not responding. Last check: 2007-11-07)
		As for the future of Bankrupt Entertainment, I assure you that the company will forge ahead to bring quality entertainment to the masses.
		Bankrupt Entertainment would like to take this time to wish the Vinson Independent Film Company the best of luck in its future endeavors.
		Bankrupt Entertainment is the umbrella company of a line of many fine smaller companies.
	www.bankruptent.com (643 words)

	Main effects of being declared bankrupt (Site not responding. Last check: 2007-11-07)
		An undischarged bankrupt must declare his status when seeking credit of more than £500, including hire purchase and conditional sale agreements.
		Undischarged bankrupts are also forbidden from being company directors, unless they obtain special leave from the court.
		A bankrupt usually can't be a school or college governor and there are restrictions under charity law as to the role a bankrupt can serve on management committees.
	www.debtadvicebureau.org.uk /bankruptcy/main_effects.html (860 words)

	LOCAL COMMENT: Fix health care before it bankrupts firms, workers
		BY LEO GERARD AND JEFFREY R. The rising tide of health insurance costs continues to overwhelm employers, according to a recent national survey of employer-sponsored health plans.
		While this no-nonsense approach may ruffle some congressional feathers, the reality is that trying to ameliorate the concerns of private sector insurers while simultaneously serving the public interest has so far failed to solve the crisis.
		As a nation we must respond to the cost crisis that confronts us with a national strategy that will help employers without bankrupting employees -- and that treats health care as a right for all rather than a privilege for some.
	www.freep.com /voices/columnists/elewis6_20030206.htm (746 words)

	The Stakeholder:: Bankrupt, Bankrupt
		Bush and his many surrogates are still out there using the words "bankrupt" and "broke," relying on this CEA Memo on Social Security:
		Bankrupt means "having insufficient assets to cover one's debts,"1 which applies to Social Security in 2042, according to the Social Security Trustees most recent report.2
		In fact, we have been bankrupt every year that Bush has been in office, and we will be bankrupt every year he remains in office.
	www.democraticaction.org /mt_upgrade/archives/002151.html (564 words)

	english.eastday.com (Site not responding. Last check: 2007-11-07)
		Italian debt-ridden dairy and food group Parmalat was declared bankrupt on Saturday after its new head and turnaround expert Enrico Bondi presented a report on the group' s assets to a bankruptcy judge.
		On Christmas Eve Bondi filed an official request for protection from its creditors under new rules on administration which were issued in an Italian government decree the day before.
		Now that Parmalat has been declared bankrupt, the company wants the commissioners - one of whom is expected to be Bondi - to be able to sell its assets only with the
	english.eastday.com /epublish/gb/paper1/1130/class000100001/hwz175055.htm (385 words)

	Bush's New Morally Bankrupt PR Campaign on Terrorism and Iraq, by Jacob Hornberger
		There's a much more fundamental problem that the American people ignore at their peril: It is the U.S. government's morally bankrupt foreign policy, including its unprovoked and illegal war of aggression against Iraq, that has produced (and continues to produce) the anger and hatred that motivates Arabs to commit terrorist acts against the United States.
		Also, Bush and Cheney cannot be unmindful of the fact that the more successful they are in scaring the American people with the prospects of terrorism, especially terrorism with weapons of mass destruction, the less opposition there will be to government suppression of civil liberties here at home.
		Here's the big picture regarding the relationship between the U.S. government's morally bankrupt foreign policy and terrorism against America, a picture that unfortunately both Bush and Cheney studiously avoid in their renewed public plea for support for both their "war on terrorism" and their invasion and occupation of Iraq:
	www.antiwar.com /orig2/hornberger102603.html (1357 words)

	Collective Moral Responsibility [Internet Encyclopedia of Philosophy]
		At the dawn of the 21st century, the financial malfeasance, such as represented by the cases of the Enron and Tyco corporations, has come to be synonymous for many with corporate wrongdoing.
		Thousands of employees, particularly in the case of the now bankrupt Enron, lost their jobs and their company pensions as it became clear that Enron and Worldcom had intentionally misrepresented their true financial conditions by submitting false and misleading accounting statements.
		It has been troubling that most of the high-ranking executives who were individually culpable for the accounting malfeasance at these companies have been able to avoid legal punishment, but the collective or corporate dimension of the wrongdoing is equally important to address.
	www.iep.utm.edu /c/collecti.htm (7293 words)

	A Bill Bankrupt Of Pity (washingtonpost.com)
		Warren and her colleagues surveyed Americans in bankruptcy courts and found that half said illness or medical bills drove them to bankruptcy.
		The "bigger surprise," as Warren has said, is that three-quarters of the medically bankrupt had health insurance.
		Which is to say that even those who have insurance are often not sufficiently covered to protect them from financial disaster.
	www.washingtonpost.com /wp-dyn/articles/A61634-2005Feb28.html (779 words)

	Amnesty Slams "Bankrupt" Vision of US in Damning Rights Report
		LONDON - The United States has proved "bankrupt of vision and bereft of principle" in its fight against terrorism and invasion of Iraq, human rights group Amnesty International charged in a scathing report.
		The London-based organisation's 2004 report, while also damning of rights violations in dozens of other nations, particularly targeted the Washington-led "war on terror" for sanctioning abuses in the name of freedom.
		"The global security agenda promulgated by the US administration is bankrupt of vision and bereft of principle," she charged.
	www.commondreams.org /headlines04/0526-02.htm (694 words)

	Bankrupt on Application
		On my application they stated the one of them filed bankrupt in 1997 after his 1st marriage.
		I been a landlord for many years and have a good feeling they will be good tenants.
		I believe that once you file bankrupt you can't do it again for 10 years.
	www.mrlandlord.com /archives/2004/b04/12127573.html (365 words)

	Stock Clearances, Textile, Fabric and Apparel Auctions, UK (Site not responding. Last check: 2007-11-07)
		So if you are a loss adjuster or have stock clearances, bankrupt fabric, clothing and apparel taking up space in your warehouse why not put it into our next fabric auction / clothing auction and turn it into cash?
		Please take time to look at the great deals that are to be found at our next fabric auction / apparel auction containing bankrupt fabric and cheap fabric ranging from dress fabric, furnishing fabric, loom state fabric and clothing.
		Our sister Company, Hersil Fabrics, is one or the largest Buyers and sellers (Retail and Manufacturing) of bankrupt stock and end of line material in the United Kingdom, visit http://www.clearancefabrics.co.uk for more information.
	www.fabricauctions.co.uk (207 words)

	Fool.com: When Good Stocks Go Bankrupt [Fool's School Daily Tip] October 24, 2001
		That doesn't always happen, of course, but as long as a resurrection is considered possible, a bankrupt company may continue to trade.
		You can sell your shares in the bankrupt company and take your tax loss (more about that later), or, if you think that the bankrupt company has a good chance of getting back on its feet, you can hold your shares in hopes that the return to profitability will be swift.
		And if you are holding the bankrupt stock in an IRA, you can't deduct your loss at all.
	www.fool.com /foolu/askfoolu/2001/askfoolu011024.htm (847 words)

	Las Vegas SUN: Bankrupt resort gets OK to borrow $10 mil.
		Las Vegas SUN: Bankrupt resort gets OK to borrow $10 mil.
		Bankrupt resort gets OK to borrow $10 mil.
		A bankruptcy court judge last week gave approval for the owner of the Castaways hotel-casino to borrow another $10 million to keep the money-losing property open and to fund an expansion and remodeling project.
	www.lasvegassun.com /sunbin/stories/gaming/2003/dec/23/516070130.html (510 words)

	Fenton Glass from the Glass Encyclopedia
		Until the outbreak of war in 1914, Fenton could sell virtually everything they could produce in carnival glass.
		The fortunes of the company have been up and down during the past ninety years; in the Depression years they made mixing bowls for the Dormeyer company (to go with electric mixers) and hobnail perfume bottles for Wrisley, and these two major contracts saved the company from failing when many others went bankrupt.
		Another slump in the hand glass industry in the 1940's and 1950's saw many other companies go out of business.
	www.glassencyclopedia.com /Fentonglass.html (619 words)

	definition of bankrupt
		A person who, in accordance with the terms of a law relating to bankruptcy, has been judicially declared to be unable to meet his liabilities.
		Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant.
		Depleted of money; not having the means of meeting pecuniary liabilities; as, a bankrupt treasury.
	www.brainydictionary.com /words/ba/bankrupt134679.html (198 words)

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