Technical Bankruptcy

Technical Bankruptcy

The state of a person or company that has defaulted on a liability and lacks the ability to pay it, but has not yet filed for bankruptcy or been declared bankrupt by a court.
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The Government's austerity programme of slashing public expenditure and stealthily privatising the NHS and education is aimed at reducing the British state's technical bankruptcy due to having to bail out collapsing banks from 2008 onwards.
Juan Camilo Rodriguez, an equity analyst who is the author of the report, says that a correct adjustment of nuclear provisions would lead to the technical bankruptcy of the company.
Apparently, NEK is in a state of technical bankruptcy, which is worrying for all of us as investors and Bulgarian citizens," she explained.
This is a technical bankruptcy and it is not anticipated that it will be in place for long as an application for an annulment will be submitted in the next few days.
The industry thinks retaining this obligation could push some companies down the road to technical bankruptcy.
Despite technical bankruptcy, British forces were deployed in support of British interests around the globe, from Palestine to India, Germany to Indo-China.
The sublessee argued that this was improper, on a variety of grounds, presenting a mix of technical bankruptcy and landlord-tenant issues.
The Ministry may authorize a foreign investor to acquire any proportion of stocks or capital of any corporation, above 49%, in the following cases * When the corporations is in difficult financial situation, such as technical bankruptcy, in default of payments of foreign debt, or in sharp reduction of sales due to market conditions, or * When the corporation is required to make new investments to increase production of goods or services, to produce a new line of export products, or to apply new technologies.
bg, the measure will achieve three goals, including to balance the system, which is currently plagued by a deficit which cannot be covered with the existing electricity prices, to capitalize the National Electric Company (NEK), which is currently in a state of technical bankruptcy with debts of over BGN 2 B, and to once again reduce electricity prices for household consumers, which were downsized by 4.
He said that although Greece was always being cited as a cautionary tale, the salaries and pensions in the country were 3-4 times higher than those in Bulgaria, regardless of the technical bankruptcy.
The BDZ company has been in a state of technical bankruptcy for a while, with total debts amounting to BGN 771 M as of October 2011; however, the catalyst for the general strike was the BDZ management plan to layoff 2 000 workers, and stop from operation some 150 trains as part of austerity measures, as well as the government's refusal to sign a new collective labor contract with the workers.

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