Bankruptcy

www.euronews.net The Hungarian government wants to stop national airline Malev from going bankrupt. Companies deemed by law to be of “strategic importance” can be protected by the state from their creditors. Malev was nationalised in 2010 but the loss-making carrier has run out of cash. The announcement follows a European Commission ruling early this month that forced the carrier to repay state aid worth hundreds of millions of euros received from 2007-10, the equivalent of its entire revenue in 2010.

Erase Debt Legally! Find out in 60 seconds or less if you qualify!

Ener1, which had been awarded a 8.5 million stimulus grant, filed for bankruptcy on January 26, 2012. Ener1 joins the growing list of failed companies that went belly up after hundreds of millions of dollars in administration backing. DOE’s jobs record seems to grow worse by the day – first Solyndra, then Beacon Power, and now Ener1 – and it is American taxpayers who are paying the price.

Erase Debt Legally! Find out in 60 seconds or less if you qualify!

Some CEOs get bonuses even when their corporations go bankrupt according to a report in the Wall Street Journal. The Young Turks host Cenk Uygur breaks it down. online.wsj.com Subscribe to The Young Turks: bit.ly Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com

Erase Debt Legally! Find out in 60 seconds or less if you qualify!