Although this fact will not in itself make the companies liable to any process of reorganization similar to that following insolvency and foreclosure of the American railway, it is probable that reorganization of some sort must nevertheless take place in Great Britain, and it may well be questioned whether the position of the transportation system of that country would not have been better if it had been built up and projected on the experience gained by actual earlier losses, as in the United States.
Of three judges each, ten districts (some with sub-divisions) of the common pleas court, the superior court of Cincinnati, probate courts, courts of insolvency in Cuyahoga and Hamilton counties, juvenile courts (established in 1904), justice of the peace courts and municipal courts.
27); (iii.) by the bankruptcy or insolvency of the tenant, at the landlord's option, if it is so stipulated in the lease; (iv.) by the destruction, by fire, of the subject leased, unless the landlord is bound to restore it.
In order to protect dealers against the losses due to the insolvency of those with whom they have had transactions, weekly settlements on the exchange have been made compulsory; between brokers and their clients they are also usual.
The extensive building operations engaged in by the town council in the early part of the, 9th century resulted in the insolvency of the city in 1833.
With certain exceptions reserved for the provincial court (such as insolvency, ownership of immovable property and divorce), the native high court exercises jurisdiction when all parties to the suit are natives; it also has jurisdiction when the complainant is not a native, but all other parties to the suit are natives.
Washington has a state board consisting of three members appointed by the governor to confer with commissioners from other states upon such matters as marriage and divorce, insolvency, descent and distribution of property, the execution and probate of wills, for the purpose of promoting uniformity of legislation respecting them.
He then closed the Collegio Romano, on the plea of its insolvency, seized the houses at Frascati and Tivoli, and broke up the establishments in Bologna and the Legations.
Each probate court, consisting of a single judge, has jurisdiction within its county of the probate of wills, of the granting of administration, in insolvency proceedings, and in relation to the adoption of children; it may appoint and remove guardians of minors, insane persons and spendthrifts, and, upon application, may change a person's name.
Worst of all, the government was drifting rapidly towards insolvency, being quite unable to fulfil its obligations to the bondholders and meet the expenses of administration.