Word: bankrupting
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...most bitter exchanges anyone can remember at such a meeting, West Germany's Chancellor Helmut Schmidt acidly described Britain as "the poor relative of Europe." He also reminded Wilson that until the oil begins to flow in volume, a nearly bankrupt Britain will be dependent on the support and good will of the Community's richer members. "Dear Harold," Schmidt said, "you still have two or three difficult years ahead of you. The Community is in the habit of coming to the aid of its members in difficulty. In the event of another economic crisis, there would...
...Abboud well remembers stories about the day more than 40 years ago when his father, the son of a Lebanese farmer, was denied a loan by a Boston banker. As a result, the family's heating and ventilating business went bankrupt, and Alfred Abboud was forced into teaching to pay off $5,000 owed to creditors. The incident, says A. Robert Abboud, taught him that one of the worst things a banker could do was to turn down a borrower of good character...
Wherever you go, however you go, the important thing is to enjoy yourself at a sport that doesn't require ten-dollar lift tickets, two hour rides in search of "skiable snow," or equipment that would bankrupt the U.S. Treasury...
...repairman, but dropped out after two weeks because he found the courses too difficult. The school by then had already sold the loan to a credit union, which is now trying to collect the $1,500 from the Government. Dr. Ward and his wife Cheryl, a lawyer, declared themselves bankrupt at the start of their careers and thus unable to repay $32,000 in student loans, so the Government was stuck with that bill...
Young's findings came too late to save Peat, Marwick from being the target of a Government suit concerning its auditing several years ago of Penn Central, National Student Marketing, Talley Industries and Republic National Life Insurance-all of which have either gone bankrupt or suffered dramatic losses. The Government accused Peat, Marwick of such practices as counting sales before they were made or blithely taking management's word for certain figures without independent verification. The suit was settled by a consent decree under which Peat, Marwick was forbidden with some exceptions to take on new clients...