Has 158 year history “Brother Leiman” is the US fourth great Investment bank, takes one of Wall Street's jumbos, the other day formal application bankruptcy.
The classic case is someone on the brink of foreclosure . some investors check court records of divorces arrearages ,upcoming bankruptcy proceedings to find such people .
With respect to enterprises whose bankruptcy property is insufficient t cover bankruptcy expenses, the people's court should declare terminatio of bankruptcy proceedings.
The Federal Reserve came to the aid of insurance giant AIG, engineering an $85 billion rescue, staving off the bankruptcy and hoping to bring a measure of calm to a shellshocked global market.