| Two-thirds of recent bankrupts have gone down this route whereas, in the past, most people were forced into bankruptcy by their creditors. |
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| This famous game of war is played by parasites, panderers, bandits, assassins, peasants, sots, bankrupts, and such other dregs of mankind. |
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| The act provides for the automatic discharge of bankrupts after a maximum of 12 months. |
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| But we will provide more effective protection against the small minority of bankrupts who abuse their creditors and the public. |
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| Currently, bankrupts aren't usually discharged for three years but from next April, this will be cut to a maximum of a year. |
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| Can the Commonwealth detain bankrupts for the purpose of examining them, on the basis that some bankrupts are likely to flee before examination? |
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| This would affect a lot of people because many bankrupts, shall we say, are not entirely pure as the driven snow. |
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| But there will be tough new measures for the minority of bankrupts who take advantage of their creditors. |
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| Last year only 900 out of 26,500 bankrupts listed the student loan company as a creditor. |
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| The purpose of the limitation on applications by undischarged bankrupts is clear. |
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| The law permits bankrupts to sue for libel and keep any money awarded from such suits. |
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| In most cases, bankrupts will have to make payments to creditors from their income for three years. |
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| Most bankrupts could find themselves discharged within a year, an improvement on the current two or three years. |
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| Bankruptcy law should include a clear distinction between the legal treatment for nonfraudulent and fraudulent bankrupts. |
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| Discharge of remaining debts may take years, bankrupts may lose their possessions and be subject to certain restrictions. |
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| From now on, most bankrupts will be automatically discharged after just one year instead of two to three years and, in some cases, discharge could come even earlier. |
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| In part it can probably be attributed to the fact that the Enterprise Act has resulted in most bankrupts being automatically discharged after just one year. |
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| A system of income payment agreements aims to make it easier for bankrupts to make payments to creditors and bankruptcy restriction orders cover a variety of conduct. |
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| The difference between the two jurisdictions is stark: in Ireland, bankrupts may be faced with up to 12 years of financial purgatory. |
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| Public procurers should be aware that public procurement directives do not allow for former non-fraudulent bankrupts to be disadvantaged. |
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| In Germany bankrupts can face a lifetime ban on senior executive positions at big companies. A second important hurdle is finance. |
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| It is vital to ensure that bankrupts take stock of their experience and are then well trained for their new business. |
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| It seems to be a full-handed failure. The bankrupts must have a good deal of the values remaining in their hands. |
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| The NPCA prohibits bankrupts, individuals under 18 years old, and those found incapable of managing their own financial affairs from becoming directors. |
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| It may seek to punish bankrupts or to rehabilitate them. |
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| Closer judicial cooperation should help ensure that some bankrupts do not cross borders in order to avoid disqualifications and restrictions imposed by their home country but unknown in the country of the next establishment. |
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| She added that some credit unions offered banking services that would be available to undischarged bankrupts, but their distribution throughout the UK was uneven. |
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| Barclays currently has 1.25 million holders of its basic bank account, called the Cash Card account, although again they are not all undischarged bankrupts. |
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| Almost anyone over the age of 16, with the exception of undischarged bankrupts and those specifically disqualified by the UK courts, can become a company director. |
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| In the case of individual bankrupts, applications may only be made if they are carrying on a business, and only rights and obligations in relation to the business may be assigned. |
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| A secondary bankruptcy can be opened in any other Party in which bankrupts possess assets, without any need for their insolvency to be established, the main bankruptcy will be enough. |
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| Often, failed entrepreneurs are more successful at the next attempt and enabling honest bankrupts to try again would contribute positively to economic growth. |
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| The Commission also adopted today a communication on the stigma of business failures, proposing action to prevent bankruptcy and to promote a fresh start for non-fraudulent bankrupts. |
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| Since encouraging bankrupts to try again would contribute positively to economic growth, a fresh start for entrepreneurs who have failed through no fault of their own should be promoted. |
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| Under the law of Germany, Ireland, Italy and the United Kingdom, bankrupts and persons who for other reasons are considered unfit to hold elected public office are generally disqualified. |
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| To reduce the negative effects of bankruptcy, appropriate measures such as earlier discharge of debts, the retention of certain assets or lifting certain restrictions on bankrupts should be considered. |
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| While bankrupts blame the prime minister for the austere economic climate, the markets worry that he is not austere enough, and is prepared to sacrifice financial stringency for political expediency. |
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| At one time all bankrupts were considered defrauders and criminals. |
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| Corruption wastes money, bankrupts countries, and costs lives. |
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| The head-in-the-sand approach to economic problems frequently bankrupts companies. |
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| Strand, which he promised dutifully not to visit, not after his last visit there ended in those distressing Bankrupts Anonymous meetings, did the dirty on him. |
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