Bankruptcy
On June 18, 2009 the company sought bankruptcy due to heavy debts and recession in the marketing business. Marketing agency Viherjuuri Helsinki Oy, which was part of Evia Oyj, was split into an independent business and continued to operate. Viherjuuri applied for a court approval to undergo a reorganization. November 30, 2009 it too filed for bankruptcy.
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Famous quotes containing the word bankruptcy:
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (1902–1983)