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Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...
Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank: Germany: 13 July 1931: Banking: At the start of the Great Depression, after rumours about the solvency of the Norddeutsche Wollkämmerei & Kammgarnspinnerei, there was a bank run, and Danatbank was forced into insolvency.
Philippine Deposit Insurance Corporation: Savings and loan association $ 191,800,000 (₱8,400,000,000) September 30, 2011: CatalunyaCaixa: Government of Spain: Savings and loan association [78] October 31, 2011: MF Global: US Securities and Exchange Commission: Diversified financial services $ 4.3 × 10 ^ 10: November 23, 2011: PMI Group ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
This category holds accountancy, law or other professional firms which specialise in insolvency and corporate recovery. In the US the term for this specialism is bankruptcy. General firms should only be included here if they are particularly noted for this as one of their leading practice areas.
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Texas Attorney General Ken Paxton said Allstate created the "world's largest driving behavior database," with data on more than 45 million Americans, by paying mobile app developers millions of ...
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. [2] It was formed in 1988 [3] as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, [4] and had $13 billion in assets and held $12 billion in deposits. [2]