After months of bidding, MGM has decided to declare bankruptcy rather than sell the storied Hollywood studio.
Some worry that graduates would rush to declare bankruptcy, handing losses to taxpayers.
If your bills become so large you can no longer make the minimum payment you'll have to declare bankruptcy.
Although unsustainable retirement costs forced the city to declare bankruptcy last summer, Mr. Deis has ruled out modifying workers' pensions.
Watch this space for the post mortem when A123 is forced to declare bankruptcy just in time for the 2012 presidential election.
Mr Szeles announced at the end of December that Ikarus would have to declare bankruptcy, which it will do unless it finds some outside investors.
Alan Shatter, Ireland's minister for justice, warned banks that they could face heavier losses if they did not agree debt deals with struggling mortgage holders, who might instead choose to declare bankruptcy.
In a recent article on The Wrap, Edward Jay Epstein claims that between 2000 and 2002 a 5% drop in theater attendance caused almost half of all theaters to declare bankruptcy.
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True, the production has been mired by problems at MGM (which looks ready to declare bankruptcy) and labor strife in New Zealand and returning actors are sure to expect pay hikes, but that has not resulted in The Hobbit becoming the most expensive movie of all time.
The studio, which owns the rights to The Hobbit, was prepared to declare Chapter 11 bankruptcy but those plans have been stymied due to a last minute push by investor Carl Icahn to merge MGM with Lionsgate where he is the largest shareholder.
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Do you need to pull the plug and declare bankruptcy in order to get a fresh start?
At that point the government will be forced to admit not only that it cannot create economic growth, but that it will have to in essence declare bankruptcy.
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Last week the troubled MGM announced plans to declare Chapter 11 bankruptcy and then emerge under the leadership of Spyglass Entertainment, a movie finance company that has backed films such as Star Trek and Wanted.
The guidelines mark Ireland's first attempt to quantify acceptable living standards when people declare bankruptcy or reach an insolvency arrangement with creditors under its new insolvency regime.
The new bill will make it harder for individuals to declare Chapter 7, the most common form of bankruptcy, which allows debtors to walk away from their debts, often while shielding exempt assets like cars and homes.
Failure would mean Cyprus could declare bankruptcy in just three days and possibly have to exit the eurozone.
Curiously, the proposed reforms do not address the abuse of the bankruptcy code for which there is most evidence the ability of the wealthy to buy mansions in states such as Florida which their creditors cannot touch should they declare bankruptcy.
Sensible regulations not only make it easier for new firms to get started, but also help established firms change direction and clapped-out firms declare bankruptcy.
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Personal bankruptcy has become easier, less tarred with social stigma, and more common: according to the American Bankruptcy Association, between 1.3m and 1.4m people will declare bankruptcy this year.
Greg Saltzman, a professor at Albion College and a labor researcher at the University of Michigan, says the UAW had to make a painful choice - accept this VEBA or face the possibility that General Motors might declare bankruptcy.
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