X-Nico

3 unusual facts about insolvency


Francis Clemow

He was involved for a time in the forwarding business and later operated as an assignee under the Insolvency Act.

Honey for Tea

On the death of her husband Harry, a Los Angeles businessman, American Nancy Belasco and her son Jake are insolvent.

Panic of 1930

A contagion of fear led to higher short-term demand for currency and further strained the liquidity of banks and as a result made them cash flow insolvent.


2008–09 Luton Town F.C. season

Chairman David Pinkney, who had only months before taken over the club promising success, took the club into administration on 22 November 2007, stating he would fund the club's overheads.

Arcandor

In September 2010 the American investor Nicolas Berggruen bought the Karstadt business to save it from insolvency.

Balram Chainrai

On 27 February 2012 a leading insolvency expert said that he believed Chainrai might never get back the £17m that he was owed by the club, and that security could be devalued by the courts if administrator Trevor Birch asked for a ruling on its true worth.

Charles G. DeWitt

On March 22, 1831, he was appointed by Secretary of the Treasury Samuel D. Ingham as one of three Commissioners of Insolvency for the Southern District of New York.

Fairfield Shipbuilding and Engineering Company

Sir Alexander became Fairfield chairman in 1930 and remained so until after Fairfield was taken over by Lithgows of Port Glasgow in 1935, after Fairfield became entangled with the insolvency of the Anchor Line.

John G. Denison

John G. Denison was the acting CEO and Chairman of the Board of ATA Airlines and Global Aero Logistics, Inc at the time of ATA's shutdown due to financial insolvency.

José María Espejo-Saavedra Conesa

He studied Law at the Autonomous University of Madrid and has a master's degree in insolvency administration obtained at the Lawyer Association of Barcelona, he also has some other minors obtained at ESADE.

Oberpfaffenhofen

Also situated in Oberpfaffenhofen is the industrial area of (the now insolvent) Dornier Luftfahrt GmbH (later part of Fairchild Dornier).

Olan Mills

Its United Kingdom division, based in Northamptonshire and with a number of studios based in Mothercare stores, stopped trading on December 26, 2008, in preparation for the firm being placed into administration.

PSINet

Following PSINet's insolvency, naming rights were renegotiated and the stadium is now called M&T Bank Stadium.

XL Airways

XL Airways UK, which is defunct following XL Leisure Group's insolvency


see also