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The early 1980s saw a recession along with high interest rates, which stressed both thrift and other banking institutions considerably. [7] Negative net interest margins, due to the low interest earned on assets with high deposit interest expenses needed to retain deposits, caused a wave of thrift failures between 1981 and 1983. [1]
28 U.S.C. §1471(b) (1976 ed. Supp.) While the new courts were denominated adjuncts of the district court, they were in practice free standing courts. The expanded jurisdiction was to be exercised primarily by bankruptcy judges. The bankruptcy judge would continue to be an Article I judge, who was appointed for a set term.
Lincoln Savings and Loan Association was founded in Los Angeles as a California chartered savings & loan in 1925. [1]Through the early 1980s, Lincoln was a conservatively-run enterprise, with almost half its assets in home loans and only a quarter of its assets considered at risk. [2]
Pages in category "Companies that filed for Chapter 11 bankruptcy in 1980" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes .
On April 13, 1989, American Continental Corporation filed for Chapter 11 bankruptcy. [4] It was liquidated by the court in December 1990. [5] The loss of investors' life savings in Lincoln became one of the key events of the 1980s Savings and loan crisis and the core of the Keating Five political scandal.
It expanded quickly, though, increasing to $761 million insured in 1980. [7] It continued to grow through the 1980s, enabled by loosened state and federal laws. [7] Between the mid-1970s and early-1990s, several state-chartered, privately operated insurance entities failed, beginning with Mississippi in 1976, then Nebraska and California in ...
Matthew McConaughey is looking back on some of the more unique facets of his "small town" upbringing. “I was born in a little small town, Uvalde.” the award-winning actor, 55, told tennis pro ...
One of the first countries to establish personal bankruptcy (rather than company bankruptcy) was the United Kingdom, where the Bankruptcy Act 1869 allowed all people to file for bankruptcy. Currently, the benchmark for personal bankruptcy legislation is the US personal bankruptcy legislation, passed in 1978. Most Western European countries ...