Category: Insolvency

Eight desperate tries for when money disappears: Part 2, break your contracts

3 January, 2013 (10:00) | Capital markets, Eurozone, Global news, Insolvency, Money, Sovereign bankruptcy, Spain, Speculation |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post on the grim realities of Spain’s economy, using a New York  Times (December 17, 2012) article, organized the ways in which an insolvent entity that has run out of cash can try to avert complete collapse and presented the first three: stretch accounts […]

Eight desperate tries for when money disappears: Part 3, break your country

2 January, 2013 (16:06) | Capital markets, Eurozone, Global news, Insolvency, Money, Sovereign bankruptcy, Spain, Speculation |

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   In the two days so far, using a New York  Times (December 17, 2012) article on Spain’s fiscal seizures, we’ve seen that  even going bankrupt is no relief from the intractable problem of having no cash, and no money economy.   […]

Eight desperate tries for when money disappears: Part 1, break your promises

2 January, 2013 (15:53) | Capital markets, Eurozone, Global news, Insolvency, Money, Sovereign bankruptcy, Spain, Speculation |

By:David A. Smith   In extreme starvation, a human body will in desperation consume itself, burning up muscle for food, a self-cannibalism that can happen to nations as well, as reported in this scary tale of economic collapse in the New York  Times (December 17, 2012):   Ana Maria Molina Cuevas, with her husband, who […]

Any landing you walk away from: Part 2, where’s LeBeouf?

23 October, 2012 (09:35) | Bankruptcy, Dewey LeBoeuf, Eurozone, Global news, Insolvency, Recapitalization, Torts |

[Continued from yesterday's Part 1.]   By:David A. Smith   As we saw yesterday, using as source material a Wall Street Journal (October 9, 2012) article on an unexpectedly swift recovery from former partners of now-dissolving law firm Dewey & LeBeouf, for those facing trouble any landing is a good one if you can walk […]

Any landing you walk away from: Part 1, Dewey think it’s fair?

22 October, 2012 (10:34) | Bankruptcy, Dewey LeBoeuf, Eurozone, Global news, Insolvency, Recapitalization, Torts |

By:David A. Smith   Any landing is a good one if you can walk away from it, say the pilots with gallows humor, and that spirit animated the bankruptcy partial settlement just realized for Dewey & LeBeouf, as reported in the Wall Street Journal (October 9, 2012):   It’s all for science   A judge […]