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Updated: July 20, 2025
"Yes, because no one troubled himself to tell you the truth; but I can assure you that Gopál's liabilities are something awful, and it is quite possible that he may have to take insolvency proceedings." "You don't say so! What shall I do? If Gopál becomes bankrupt, I shall be utterly ruined." "Well, I cannot advise you fully," replied Rámanáth Babu, "but forewarned is forearmed.
I do not think this general insolvency, which involves in some sort all the population, to be the reason of the difficulty experienced at Christmas and New Year and other times, in bestowing gifts; since it is always so pleasant to be generous, though very vexatious to pay debts. But the impediment lies in the choosing.
Insolvency, instead of leading in due time to a meeting of creditors or at any rate to a liquidation which might at least place matters once more on a clear footing, was ordinarily prolonged by the debtor as much as possible; instead of selling his property and especially his landed estates, he continued to borrow and to present the semblance of riches, till the crash only became the worse and the winding-up yielded a result like that of Milo, in which the creditors obtained somewhat above four per cent of the sums for which they ranked.
On making this discovery, du Tillet at once saw the reason of Gobseck's insensibility to the claims of his niece. After many ups and downs, which were profitable to none but Madame Roguin and du Tillet, Roguin heard the fatal hour of his insolvency and final ruin strike. His misery was then worked upon by his faithful friend. Ferdinand invented the speculation in lands about the Madeleine.
The man who had bought the brick and mortar skeletons had gone through the bankruptcy court while the paper-hangers were still busy in Brigsome's Terrace, and had whitewashed his ceilings and himself simultaneously. Ill luck and insolvency clung to the wretched habitations.
As for the admiral, the dean's elder brother, he had been notorious for insolvency; and Frank was a Greystock all over. He was the very man to whom money with a wife was almost a necessity of existence. And his pretty cousin, the widow, who was devoted to him, and would have married him at a word, had ever so many thousands a year!
These men are not allowed to speak in the House. They only vote. But let me tell you they are kings in their own country. "Since Parnell ordered his followers to contest all the elective Boards in Ireland, the Nationalist party have almost monopolised the Poor Law Boards, with the result that nearly every one has been openly bankrupt, or else is in a state of present insolvency. Mr.
The intention of the legislator, when instead of mortgaging he prescribed the immediate transfer of the property to the creditor with a view to prevent insolvency and to devolve the burdens of the state on the real holders of the soil, was evaded by the rigorous system of personal credit, which might be very suitable for merchants, but ruined the farmers.
Consequently few were surprised when, under the great pressure of the panic of 1893, the property was forced to confess insolvency. The Union Pacific had simply repeated the story of most American railroads; it had been constructed in advance of population and had to pay the penalty. Yet it had more than justified the hopes of the daring spirits who projected it.
Certainly it ought to be either the party who trusted, or the party who persuaded him to trust, or both; and not third parties who had no concern with the transaction. Upon any insolvency, they ought to suffer who were weak enough to lend upon bad security, or they who fraudulently held out a security that was not valid. Laws are acquainted with no other rules of decision.
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