Bankruptcy destroys no concrete thing; it merely writes off a debt; it destroys a financial but not an economic reality.
It will be the next step in our prophetic exercise to examine the differences between State bankruptcy and the bankruptcy of a subject of the State.
There is bankruptcy, but the bankruptcy of States is not like the bankruptcy of individuals.
How far does the practical bankruptcy of Western civilisation mean a revolutionary smash-up, and a phase that may last for centuries, of disorder and more and more futile conflict?
The process of bankruptcythat is also going on is nothing of the sort.
Bankruptcy is only painful and destructive to small people and helpless people; but then for them everything is painful and destructive; it can be a very light matter to big people; it may be almost painless to a State.
The current bankruptcy and liquidation and the coming reconstruction of the economic system of Europe will go on in a quite unprecedented amount of light.
Above all they believed that the present was not the time for action, especially as the imminence of bankruptcy in France would discredit the new Legislative Assembly, and render an invasion easier in the near future.
We now know that he was heading straight for bankruptcythroughout this period; and probably on looking into his affairs he discovered the fact.
Camden's letters to Pitt reveal the imminence of bankruptcy in Ireland throughout that year; and it is noteworthy that the loan raised for the Irish Government in January and February was the final cause of the Bank crisis in London.
At the end of the American War (he continued) when bankruptcy seemed imminent, he believed Reform to be necessary in order to restore public confidence and remedy certain notorious grievances.
The bankruptcy of this company, as many gentlemen on 'Change will well remember, was induced by the mismanagement of its affairs.
On the bankruptcy of the company being announced, Mr. Watson called a meeting of subscribers, at which the late Mr. W.
He has almost plunged the whole civilized world into bankruptcy and civil war.
If you don't let me have the money, that man goes to the district attorney with information that lands you in the penitentiary, that puts your company out of business and into bankruptcy before to-morrow noon.
I do not know why so many people were scandalized, or pretended to be scandalized, when Brunetière proclaimed again the bankruptcy of science.
The latter looks favorably on the alliance in spite of the general disinclination of business men to enter into family ties with artisans, as he is desirous of feathering his son's nest before an impending bankruptcy sweeps away his fortune.
The last breakdown of my head is what makes this bankruptcy probable.
I continue my uphill fight with the twin spirits of bankruptcy and indigestion.
It was a world in which there was 'no other sort of bankruptcy whatever.
To Major Bagstock, the bankruptcywas quite a calamity.
Many states were forced to the point of bankruptcy by their reckless generosity, and some states repudiated the debts thus incurred.
The interests of many other persons in the neighborhood may be so bound up with an enterprise that its losses may mean unemployment, lower wages to workingmen, and bankruptcy to local merchants and to banks.
The bankruptcy of a partner has forced him to suspend his payments and unable to witness his own shame he has fled to America, after having paid his last sou to his creditors.
Bankruptcy under these ingenious conditions allows the equilibrium of Budgets difficult to balance to be instantly restored.
They talk to us of the bankruptcy of science, go back in penitence to Rome, and remind us of the teachings of revealed truth.
There has been no bankruptcy of science, and science has had no share in the present intellectual anarchy, nor in the making of the new power which is springing up in the midst of this anarchy.
Its bankruptcy would not ruin his wife, but she would feel the loss of her money, and he was not going to use Clara for a shield against Ellen Seaton's attacks.
I voted for the Bankruptcy Court Bill," he said in answer to an inquisitive constituent.
This day seems likely to pass in much the same way, except that I have some bankruptcy business to do, and a couple of sovereigns to receive.
Among the earliest economical reforms undertaken by the new Government was a searching revision of our Bankruptcy jurisdiction, in the course of which his Commissionership was swept away, without leaving him a penny of compensation.
A commission of bankruptcy is the remedy for this evil; assignees of the effects of the bank are the persons to make these owners, and managers, and chief debtors to the institutions, pay up.
And, three or four days ago, he read a notice in a London paper, calling on creditors to come in for a dividend of five-sixths of a penny in the pound, in a case of bankruptcy pending since the year 1793.
In the second place, if we sought them elsewhere, we found precisely the same thing that we found in England: we found bankruptcy and insolvency everywhere distinct and inconvertible.
There is no foundation for confounding bankruptcy and insolvency.
A commission of bankruptcy was taken out against him by his sole creditor, a quaker, who refused to sign his certificate.
Everything went backwards; she ran in arrears with her landlord; and the prospect of bankruptcy aggravated her affliction, while it added to her incapacity.
The field for such investigation is very wide, especially as it applies to fake bankruptcy cases and damage cases brought by persons against railroad and street railway companies.
As to how creditors are defrauded in hundreds of instances, the following is a fair example: A retail shoe dealer in a middle western state went into bankruptcy owing several eastern jobbers several thousand dollars.
Physical bankruptcy may claim the same proportion if care and training are neglected.
She sends forth her sympathies on adventure; she embarks her whole soul in the traffic of affection; and if shipwrecked her case is hopeless, for it is bankruptcy of the heart.
The bankruptcy in France, and the rigours of the new Comptroller-General, are half forgotten, in the expectation of a new opera at the new theatre.
If the latter should think a war a good diversion to their enterprises, I should not be surprised if they went on, especially if a bankruptcy follows famine.
He dispenses bankruptcy by retail, and will fall, because he cannot even by these means be useful enough.
But amid strifes and bankruptcy their aims remained unfulfilled.
Laws remained without force, taxes went uncollected, the army was distracted by mutinies, and the monarchy sank slowly into the gulf of bankruptcy and anarchy.
