In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.
Bankruptcy is a legal process for liquidating what property and assets a debtor owns to pay off their debts. Insolvency is a financial state in which a person's (or company's) debts exceed their assets. Someone who's bankrupt is insolvent, but someone who's insolvent isn't necessarily bankrupt.
The case was brought against the government in international courts seven years ago, with the oligarchs behind the bankrupted firm accusing the state of 'expropriating' the business' assets ...I don't care how these illegal assets were acquired.' They should care," Galperin said.
The appellate tribunal clarified that spectrum, which is an intangible asset of a telecom company, can be subjected to insolvency proceedings or liquidation ... However, a two-judge bench, headed by Justice S.Abdul Nazeer, said the decision was only for Aircel as the NCLT had already approved UV Asset Reconstruction Co.
After China Huarong Asset Management Co ... on March 31 decided to suspend its share trading the next day, the market became awash in rumors that the company, one of the country’s four largest bad-asset managers, would be forced into restructuring or might even go bankrupt ... "Can Huarong go bankrupt?" Ling asks.
After China Huarong Asset Management Co ... on March 31 decided to suspend its share trading the next day, the market became awash in rumors that the company, one of the country’s four largest bad-asset managers, would be forced into restructuring or might even go bankrupt ... Can Huarong go bankrupt?.
Photo. ... A fourth was kept for spare parts ...Louis hub using 13 DC-3s ... However, competition from TWA, the airline’s original buyer, was too great, and the airline went bankrupt a year later. Its assets were sold to the now-defunct airline Great Plains Airlines based in Tulsa, Oklahoma, which served Krispy Kreme in the morning and Arby’s in the afternoon.
That fateful day, when 4 billion people were given house arrest, they started a $4 Trillion ‘asset purchasing program’, basically allowing the bankrupt ‘institutions’ (it’s very sad Newspeak to call these plunder operations ...
The two sides disagree on whether the newly-funded airline should receive Alitalia’s brand, assets, and key slots or purchase them at the market rate ... This would mean not using the name or any assets from the bankrupt airline and starting afresh ... The airline has been bankrupt since 2017 and only survives due to government loans.
The creditor who gets some form of benefit(s) from the bankrupt debtor will be required to return it and will receive his claims in pro rata with other creditors, if there is any asset left after preferred creditors and claimants are paid ... The other function is maximization of asset ... This increases the asset of the bankrupt debtor.
According to BisNow, Maud was declared bankrupt last November. The bankruptcy was related to the Santander asset ... In 2019, Quinlan sued Edgeworth alleging its bankruptcy petition is in breach of an agreement he made with Edgeworth in 2011 regarding a debt he owes on the Santander asset ... Quinlan has denied breaching the 2011 agreement with the funds ... .
The Government has been warned that freezing the State pension age at 66 will cost the Exchequer up to €50 billion over the coming decades, according to a report in the Sunday Times...DolphinTrust scheme offered via Davy platform ... Regulator in touch with gardai over Davy ... Maud was subsequently declared bankrupt in relation to the asset ... .
Digital assets including Bitcoin (BTC) have a common feature called ‘volatility’ that makes it alluring and risky as an investment tool ... If poorly calculated, investing in bitcoin or any other asset with high volatility can leave a person totally bankrupt, homelessness, and escalate debt and financial strain.
CityLodge ‘trades 80% less than the value of its assets, and that's what makes this one so interesting to me. I don't think it's going to go bankrupt’. Chantal Marx, head of research, FNB Wealth and Investments ... .