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Word: bankrupts (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Usage:

...SIPA trustee's job, not unlike a Chapter 7 trustee, is to recover property, assess claims and liquidate any other assets of a bankrupt firm for the benefit of the estate and its creditors. Consequently, Picard is using his authority to collect from customers who received preferences, non-existent principal, and/or payouts of fictitious profits to the detriment of other defrauded customers whose money was consumed by Madoff's global Ponzi scheme...

Author: /time Magazine | Title: Irving Picard at Center of Post-Madoff Storm | 5/30/2009 | See Source »

...Neither can General Motors'. The company is in the process of axing 1,100 of its 6,000 dealers. When the march of time, the sins of management and the scythe of a bad economy conspire to bankrupt once great companies, who pays? The sort of person, in the words of Tennessee Senator Bob Corker, "who ran a profitable business, civic leader, always responsible," who "very unfortunately" is "going to take a lot of pain" for the mistakes of others. A guy like Steve Weinberg. "It breaks your heart," says the Senator. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...Members of the People's Alliance for Democracy (PAD) voted this week to form a political party and contest Thailand's next general election. The head of the still-unnamed party is expected to be movement leader Sondhi Limthongkul, 61, a formerly bankrupt media magnate who has accrued various enemies in a long public career. Sondhi was wounded in an assassination attempt in April that he blamed on corrupt politicians and military men. Millions of viewers regularly watch his satellite television channel ASTV, which openly advocates for the PAD and could provide the new party with a potentially huge voter...

Author: /time Magazine | Title: Is the Party Just Getting Started for Thailand's Yellow Shirt Protesters? | 5/27/2009 | See Source »

...There is a much more acute problem which is that many of the dealers that are going to be closed will go bankrupt. Estimates vary, but these dealerships probably have about 80,000 vehicles in inventory. The franchises will rush to sell them to get cash to handle obligations. Dealers that go into Chapter 11 will probably have their stocks of vehicles auctioned off by the order of a court. (See the 50 worst cars of all time...

Author: /time Magazine | Title: GM and Chrysler: The Revenge of the Car Dealers | 5/19/2009 | See Source »

...plants and a collection of heavily subsidized industrial white elephants, all built at the taxpayers' expense. "Floodlit sheep meadows," grumbles Reiner Holznagel, managing director of the German Federation of Taxpayers. "In every district you can find projects that make you shake your head." Among the most egregious: the now-bankrupt firm Cargolifter, which tried to build a modern Zeppelin airship with tens of millions of government dollars. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

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