HB was declared insolvent and all relevant public authorities registered their claims in the bankruptcy mass.
Bourgeois was insolvent in the eighties - it was relaunched as a workers coop and it is now 70% employee-owned.
In May 1998, Australis Media, the owner of a satellite television service known as Galaxy, was declared insolvent.
This lesson is an especially timely one since the IMF has littered the globe with bankrupt and insolvent countries.
