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85-681: The club was founded in 1997, after Växjö HC went bankrupt that year. Växjö Lakers originally played in Växjö Ishall as their home arena, but prior to the 2011–12 season they moved to Vida Arena . The construction of the Vida Arena was finished in summer 2011. The club began play in the 1997–98 season. Starting in Division 4 , four divisions below the Elitserien /SHL, Växjö worked its way to HockeyAllsvenskan within 6 years, being promoted 3 times. With

170-562: A shootout , despite trailing by two goals in the third period. Their first home game was played on September 17, against Linköpings HC , in front of an outsold Vida Arena. Linköping won the game 4–2. Former Växjö Lakers crowd favorite Shjon Podein watched the game in the arena. Their first home points and regulation-time win came on September 27, when the Lakers won 4–1 against Modo Hockey . The Lakers' first shutout came on away ice when Modo were beaten 2–0 on 25 October 2011. Växjö Lakers played

255-549: A Statement of Affairs document, also known as a Bankruptcy Form, with AFSA, which includes important information about their assets and liabilities. A bankruptcy cannot be discharged until this document has been lodged. Ordinarily, a bankruptcy lasts three years from the filing of the Statement of Affairs with AFSA. A Bankruptcy Trustee (in most cases, the Official Trustee at AFSA) is appointed to deal with all matters regarding

340-500: A bankrupt may be able to raise enough funds to make an Offer of Composition to creditors, which would have the effect of paying the creditors some of the money they are owed. If the creditors accept the offer, the bankruptcy can be annulled after the funds are received. After the bankruptcy is annulled or the bankrupt has been automatically discharged, the bankrupt's credit report status is shown as "discharged bankrupt" for some years. The maximum number of years this information can be held

425-512: A bankruptcy law ( ley concurs ) in 2003 which provides for debt settlement plans that can result in a reduction of the debt (maximally half of the amount) or an extension of the payment period of maximally five years (Gerhardt, 2009), but it does not foresee debt discharge. In the US, it is very difficult to discharge federal or federally guaranteed student loan debt by filing bankruptcy. Unlike most other debts, those student loans may be discharged only if

510-439: A debtor attempts to later assert ownership of such an "unscheduled asset" after being discharged of all debt in the bankruptcy. The trustee may then seize the asset and liquidate it for the benefit of the (formerly discharged) creditors. Whether or not a concealment of such an asset should also be considered for prosecution as fraud or perjury would then be at the discretion of the judge or U.S. Trustee. In some countries, such as

595-410: A debtor making monthly payments for a maximum of five years, with the funds distributed to their creditors. Even though most proposals call for payments of less than the full amount of the debt owing, in most cases, the creditors accept the deal—because if they do not, the next alternative may be personal bankruptcy, in which the creditors get even less money. The creditors have 45 days to accept or reject

680-594: A debtor with debts to a maximum of $ 250,000 (not including the mortgage on their principal residence). If debts are greater than $ 250,000, the proposal must be filed under Division 1 of Part III of the Bankruptcy and Insolvency Act . An Administrator is required in the Consumer Proposal, and a Trustee in the Division I Proposal (these are virtually the same although the terms are not interchangeable). A Proposal Administrator

765-424: A defending player using a stick or any other part of his body to interfere with the attacking player, a goaltender or other player throwing his stick to distract or hinder the attacking player, or any other foul committed against the attacking player from behind. In addition to this, a penalty shot is awarded to the opposing team if a non-goalie player intentionally covers the puck in his own team's goal crease. In

850-451: A fair and orderly manner by all licensed Trustees in Canada. Trustees in bankruptcy, 1041 individuals licensed to administer insolvencies, bankruptcy and proposal estates are governed by the Bankruptcy and Insolvency Act of Canada. Bankruptcy is filed when a person or a company becomes insolvent and cannot pay their debts as they become due and if they have at least $ 1,000 in debt. In 2011,

935-405: A high level of confidence in their shot or they attempt to catch the goaltender by surprise. Boston Bruins forward Brian Rolston , Minnesota Wild forward Thomas Vanek and Philadelphia Flyers defenseman Chris Pronger have all used this strategy with success. In fact, Pronger succeeded in using this strategy in the 2006 Stanley Cup Finals against Carolina Hurricanes goaltender Cam Ward as

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1020-511: A member of the Edmonton Oilers . Players sometimes use the rarity of point-blank shots as a deking method. Sheldon Souray , owner of one of the hardest slapshots in the NHL, has succeeded by faking a slapshot and simply flipping the puck in. Sometimes a player will even fake a wrist shot by lifting their opposite leg (left leg for a right-handed shooter) or just by flicking their stick directly above

1105-405: A penalty shot. This rule only applies to regular season games. Upon observing any of the above scenarios, an official will signal a penalty shot by raising his crossed arms above his head with his fists clenched, and then point to centre ice. In the NHL, officials signal a penalty shot by just pointing to centre ice. A player is then picked to take the shot. This is usually (though not always)

1190-574: A perfect record in the 2003 HockeyAllsvenskan Kvalserien , the club qualified for HockeyAllsvenskan. Sensationally, during their debut season in HockeyAllsvenskan, the club acquired Shjon Podein , an NHL -merited North American player who played 699 NHL games and won the Stanley Cup with the Colorado Avalanche in 2001 . The acquirement was described as "årets värvning" ( acquirement of

1275-465: A person bankrupt by compulsory procedure. Basically, these obligations are derived from the legal acts of the court, transactions, the obligation of the debtor to pay taxes, duties, and other fees defined by law. At the same time, when being declared bankrupt with a voluntary bankruptcy application, the applicant bears the obligation to prove the fact that the value of his assets is less than his assets by one million AMD or more. In Australia, bankruptcy

1360-433: A reduction of 8.6% over 2010. Some of the duties of the trustee in bankruptcy are to: Creditors become involved by attending creditors' meetings. The trustee calls the first meeting of creditors for the following purposes: In Canada, a person can file a consumer proposal as an alternative to bankruptcy. A consumer proposal is a negotiated settlement between a debtor and their creditors. A typical proposal would involve

1445-730: Is a white-collar crime most typically involving concealment of assets by a debtor to avoid liquidation in bankruptcy proceedings. It may include filing of false information, multiple filings in different jurisdictions, bribery, and other acts. While difficult to generalize across jurisdictions, common criminal acts under bankruptcy statutes typically involve concealment of assets, concealment or destruction of documents, conflicts of interest, fraudulent claims, false statements or declarations, and fee fixing or redistribution arrangements. Falsifications on bankruptcy forms often constitute perjury . Multiple filings are not in and of themselves criminal, but they may violate provisions of bankruptcy law. In

1530-400: Is a court procedure required by the debtor which has been in business for more than two years and requires approval by a judge. The Extrajudicial Restructuring ( Recuperação Extrajudicial ) is a private negotiation that involves creditors and debtors and, as with court-ordered restructuring, also must be approved by courts. Bankruptcy, also referred to as insolvency in Canada, is governed by

1615-411: Is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order , often initiated by the debtor . Bankrupt is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency . The word bankruptcy

1700-459: Is a payment period of three years; however, the court reserves the right to increase or decrease the period depending upon the circumstances of the case. If the debtor has no proven financial ability to pay the creditors, he may be granted an immediate discharge. Since 1996, Israeli personal bankruptcy law has shifted to a relatively debtor-friendly regime, not unlike the American model. In May 2016,

1785-545: Is a status which applies to individuals and is governed by the federal Bankruptcy Act 1966 . Companies do not go bankrupt but rather go into liquidation or administration , which is governed by the federal Corporations Act 2001 . If a person commits an act of bankruptcy, then a creditor can apply to the Federal Circuit Court or the Federal Court for a sequestration order . Acts of bankruptcy are defined in

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1870-546: Is above a certain threshold. If the bankrupt fails to pay, the trustee can ask the Official Receiver to issue a notice to garnishee the bankrupt's wages. If that is not possible, the Trustee may seek to extend the bankruptcy for a further three or five years. Bankruptcies can be annulled, and the bankrupt released from bankruptcy, prior to the expiration of the normal three-year period if all debts are paid out in full. Sometimes

1955-504: Is almost always a licensed trustee in bankruptcy, although the Superintendent of Bankruptcy may appoint other people to serve as administrators. In 2006, there were 98,450 personal insolvency filings in Canada: 79,218 bankruptcies and 19,232 consumer proposals. In Canada, bankruptcy always means liquidation. There is no way for a company to emerge from bankruptcy after restructuring, as

2040-412: Is awarded in lieu of what would normally be a minor penalty, so the fouled team will not get both a penalty shot and a power play from a single infraction, even if they did not score on the former. According to National Hockey League (NHL) rules, various infractions during a breakaway that can lead to a penalty shot being awarded include a goaltender deliberately dislodging a goal-post ( delay of game ),

2125-558: Is conditioned by a partial payment obligation and by a number of requirements concerning the debtor's behavior. In the United States (US), discharge is conditioned to a lesser extent. The spectrum is broad in the EU, with the UK coming closest to the US system (Reifner et al., 2003; Gerhardt, 2009; Frade, 2010). The Other Member States do not provide the option of a debt discharge. Spain, for example, passed

2210-532: Is derived from Italian banca rotta , literally meaning ' broken bank ' . The term is often described as having originated in Renaissance Italy , where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. In Ancient Greece , bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " debt slavery " until

2295-413: Is most commonly performed when a goaltender challenges a shooter by giving them an open hole (by keeping a glove, pad or stick out of position or being out of sound goaltending position altogether to tempt the shooter to aim for the given opening). Very rarely a shooter may take a slapshot or wrist shot from the point or top of the slot . This is almost exclusively performed when a shooter either has

2380-411: Is re-taken, thus penalizing the goaltender by giving another penalty shot. During the attempt, the puck must move continuously towards the goal once touched. A goal may not be scored from a rebound off of the goaltender, the goal itself or the end boards (however, a goal can be scored from a shot which strikes the goal frame or the goaltender and then goes into the net as a result). Once the puck crosses

2465-544: Is subject to the retention limits under the Privacy Act. How long such information is on a credit report may be shorter, depending on the issuing company, but the report must cease to record that information based on the criteria in the Privacy Act. In Brazil , the Bankruptcy Law (11.101/05) governs court-ordered or out-of-court receivership and bankruptcy and only applies to public companies (publicly traded companies) with

2550-454: Is the case in the United States with a Chapter 11 bankruptcy filing. Canada does, however, have laws that allow for businesses to restructure and emerge later with a smaller debt load and a more positive financial future. While not technically a form of bankruptcy, businesses with $ 5M or more in debt may make use of the Companies' Creditors Arrangement Act to halt all debt recovery efforts against

2635-402: Is the same type of shot used in a shootout to decide games in some leagues. A penalty shot is awarded to a player who is deemed to have lost a clear scoring chance on a breakaway by way of a penalty infraction by an opposing player. A breakaway, in this case, means that there are no other players between the would-be shooter and the goaltender of the defending team. Generally, the penalty shot

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2720-400: Is to liquidate company assets and pay its creditors. The second one is Court-ordered Restructuring ( Recuperação Judicial ). The goal is to overcome the business crisis situation of the debtor in order to allow the continuation of the producer, the employment of workers and the interests of creditors, leading, thus, to preserving company, its corporate function and develop economic activity. It

2805-675: The 2000-01 NHL season (the overtime concept for regular season games itself being re-instituted for the 1983-84 season onwards), with only three skaters per side in such a period since the 2015-16 NHL season . Since then, in Stanley Cup play, 46 penalty shots have been called, and only ten in the Final since the first one in NHL play in 1937. The first eight resulted in no score. The first successful penalty shot in NHL Stanley Cup Finals history occurred on June 5, 2006, when Chris Pronger of

2890-463: The 2011 Kvalserien . The team finished the 2011 Kvalserien with 26 points, which is a record in the Kvalserien history. The team formerly used red, yellow and blue as its colours, both in the team's logo and the team's jerseys. On 18 April 2011 it was announced that the club had changed the colours of their jerseys to blue and orange prior to the 2011–12 season . At that time it was also announced that

2975-558: The Bankruptcy and Insolvency Act and is applicable to businesses and individuals. For example, Target Canada , the Canadian subsidiary of the Target Corporation , the second-largest discount retailer in the United States filed for bankruptcy on January 15, 2015, and closed all of its stores by April 12. The office of the Superintendent of Bankruptcy , a federal agency , is responsible for ensuring that bankruptcies are administered in

3060-455: The Kvalserien qualification for Elitserien three times. Växjö did not manage to promote to Elitserien in the 2009 and 2010 respective Kvalserien qualifications, but after winning the 2010–11 HockeyAllsvenskan season for the first time in club history and earning a third consecutive trip to Kvalserien, Växjö secured promotion to the top-tier league Elitserien in the eighth round (of ten) in

3145-576: The Montreal Canadiens was the first player to be awarded two penalty shots in the same period, against the Vancouver Canucks . He was unsuccessful on both attempts on Roberto Luongo, but still managed to score a hat trick that night. The occurrence of a penalty shot being called during regular season overtime in the NHL is a comparative rarity since the institution of a limited, five-minute sudden-death overtime for tie-breaking purposes following

3230-779: The Parliament of India passed the Insolvency and Bankruptcy Code (IBC), updating outdated corporate insolvency laws. The IBC streamlined the process, reducing delays from a decade to 180 days, and replaced the Board for Industrial and Financial Reconstruction (BIFR) with a market-driven approach. Dutch bankruptcy law is governed by the Dutch Bankruptcy Code ( Faillissementswet ). The code covers three separate legal proceedings. Federal Law No. 127-FZ "On Insolvency (Bankruptcy)" dated 26 October 2002 (as amended) (the "Bankruptcy Act"), replacing

3315-535: The Southern Professional Hockey League (SPHL), since its inception in 2004, a penalty shot is automatically awarded for a minor penalty in the final two minutes of overtime . This rule was slightly changed prior to the 2008–09 season when the SPHL changed their overtime rules, shortening minor penalties in overtime to one minute. Now any infraction occurring in the final minute of overtime will result in

3400-763: The Toronto Maple Leafs ' George Hainsworth . On November 13, Ralph "Scotty" Bowman of the St. Louis Eagles scored the first penalty shot goal in NHL history. Erik Cole of the Carolina Hurricanes became the first NHL player to attempt two penalty shots in one game playing against the Buffalo Sabres and Martin Biron on November 9, 2005, scoring once. In the Hurricanes' next game Cole was given another penalty shot but missed

3485-681: The United Kingdom , bankruptcy is limited to individuals; other forms of insolvency proceedings (such as liquidation and administration ) are applied to companies. In the United States , bankruptcy is applied more broadly to formal insolvency proceedings. In some countries, such as in Finland, bankruptcy is limited only to companies and individuals who are insolvent are condemned to de facto indentured servitude or minimum social benefits until their debts are paid in full, with accrued interest except when

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3570-610: The Vancouver Canucks scored on shots against Detroit Red Wings goaltender Gilles Gilbert , second on December 30, 2009 when Ryane Clowe and Joe Thornton of the San Jose Sharks converted penalty shots against Washington Capitals goalie Michal Neuvirth , and most recently on March 19, 2017 when Lukáš Sedlák and Brandon Dubinsky of the Columbus Blue Jackets scored on shots against New Jersey Devils goaltender Cory Schneider . On February 6, 2014 Max Pacioretty of

3655-402: The crease until the attacking player has gained possession of the puck. After this point they may move out of the crease to gain a better defending position. If the goaltender exits the crease prior to the attacker touching the puck, the official allows the play to continue, and any goal scored stands. If the penalty shot is unsuccessful, however, the puck is returned to centre ice and the shot

3740-402: The death penalty for anyone who became bankrupt three times. A failure of a nation to meet bond repayments has been seen on many occasions. In a similar way, Philip II of Spain had to declare four state bankruptcies in 1557, 1560, 1575 and 1596. According to Kenneth S. Rogoff, "Although the development of international capital markets was quite limited prior to 1800, we nevertheless catalog

3825-436: The puck before shooting. All players other than the selected shooter and the selected goaltender must move to either side of the ice surface in front of their respective benches. If a penalty shot is awarded and the penalized team had pulled their goaltender in favour of an extra attacker , the player fouled is automatically awarded a penalty shot goal, regardless of whether the puck went in. The goaltender must remain in

3910-663: The Edmonton Oilers beat Cam Ward of the Carolina Hurricanes, following an illegal covering of the puck by Carolina's Niclas Wallin . As of 2010 , the most recent failed attempt occurred in the 2007 Final, when Antoine Vermette of the Ottawa Senators had his shot turned aside by Jean-Sébastien Giguère of the Anaheim Ducks . For possibly the first time in professional hockey, a player was awarded two penalty shots on

3995-533: The Enforcement and Collection Authority. Insolvency proceedings above NIS 150,000 individual debtors file the documents will be conducted before the official receiver (the Insolvency Commissioner) and, if a creditor want to file against a debtor, he needs to open process, before the magistrate's court that hears in the district. Company bankruptcy will be conducted before District Court. Simultaneously, with

4080-511: The Superintendent of Bankruptcy reported that trustees in Canada filed 127,774 insolvent estates. Consumer estates were the vast majority, with 122 999 estates. The consumer portion of the 2011 volume is divided into 77,993 bankruptcies and 45,006 consumer proposals. This represented a reduction of 8.9% from 2010. Commercial estates filed by Canadian trustees in 2011 4,775 estates, 3,643 bankruptcies and 1,132 Division 1 proposals. This represents

4165-486: The Trustee's request to provide details of income, the trustee may have grounds to lodge an Objection to Discharge, which has the effect of extending the bankruptcy for a further three or five years depending on the type of Objection. The realisation of funds usually comes from two main sources: the bankrupt's assets and the bankrupt's wages. There are certain assets that are protected, referred to as protected assets . These include household furniture and appliances, tools of

4250-443: The U.S., bankruptcy fraud statutes are particularly focused on the mental state of particular actions. Bankruptcy fraud is a federal crime in the United States. Bankruptcy fraud should be distinguished from strategic bankruptcy , which is not a criminal act since it creates a real (not a fake) bankruptcy state. However, it may still work against the filer. All assets must be disclosed in bankruptcy schedules whether or not

4335-487: The administration of the bankrupt estate. The Trustee's job includes notifying creditors of the estate and dealing with creditor inquiries; ensuring that the bankrupt complies with their obligations under the Bankruptcy Act; investigating the bankrupt's financial affairs; realising funds to which the estate is entitled under the Bankruptcy Act and distributing dividends to creditors if sufficient funds become available. For

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4420-530: The club's logo had been changed to an orange shield containing the name of the club beneath a lion holding a crossbow – an image from the Småland coat of arms . The club's first game in the Elitserien league was played on 13 September 2011, losing 0–2 to Frölunda HC in front of an outsold Scandinavium . Two days later, the club historically took their first points in Elitserien, beating Luleå HF on away ice 3–2 in

4505-453: The company while they formulate a plan to restructure. The People's Republic of China legalized bankruptcy in 1986, and a revised law that was more expansive and complete was enacted in 2007. Bankruptcy in Ireland applies only to natural persons . Other insolvency processes including liquidation and examinership are used to deal with corporate insolvency. Irish bankruptcy law has been

4590-600: The consumer proposal. Once the proposal is accepted by both the creditors and the Court, the debtor makes the payments to the Proposal Administrator each month (or as otherwise stipulated in their proposal), and the general creditors are prevented from taking any further legal or collection action. If the proposal is rejected, the debtor is returned to his prior insolvent state and may have no alternative but to declare personal bankruptcy. A consumer proposal can only be made by

4675-452: The court by the creditor or with an application to recognize his own bankruptcy. Legal and natural persons, including individual entrepreneurs, who have an indisputable payment obligation exceeding 60 days and amounting to more than one million AMD can be declared bankrupt. All creditors, including the state and municipalities, to whom the person has an obligation that meets the above-mentioned minimum criteria can submit an application to declare

4760-568: The court decides to show rare clemency by accepting a debtors application for debt restructuring , in which case an individual may have the amount of remaining debt reduced or be released from the debt. In Argentina the national Act "24.522 de Concursos y Quiebras" regulates the Bankruptcy and the Reorganization of the individuals and companies, public entities are not included. A person may be declared bankrupt with an application submitted to

4845-447: The creditor recouped losses through their physical labour . Many city-states in ancient Greece limited debt slavery to a period of five years; debt slaves had protection of life and limb, which regular slaves did not have. However, servants of the debtor could be retained beyond that deadline by the creditor and were often forced to serve their new lord for a lifetime, usually under significantly harsher conditions. An exception to this rule

4930-401: The debtor believes the asset has a net value . This is because once a bankruptcy petition is filed, it is for the creditors, not the debtor, to decide whether a particular asset has value. The future ramifications of omitting assets from schedules can be quite serious for the offending debtor. In the United States, a closed bankruptcy may be reopened by motion of a creditor or the U.S. trustee if

5015-417: The defending team's goaltender is off the ice (i.e. an empty net scenario), a goal shall be awarded. Following the announcement of the penalty shot, the official places the puck at centre ice. The identified shooter is allowed to skate a short distance to the puck in order to gain momentum and then, unlike penalty kicks in soccer and penalty strokes in field hockey , the player is allowed to skate with

5100-488: The duration of their bankruptcy, all bankrupts have certain restrictions placed upon them. For example, a bankrupt must obtain the permission of their trustee to travel overseas. Failure to do so may result in the bankrupt being stopped at the airport by the Australian Federal Police. Additionally, a bankrupt is required to provide their trustee with details of income and assets. If the bankrupt does not comply with

5185-415: The end line, the attempt is considered over, regardless of whether a shot was taken. The goaltender may attempt to stop the shot using any means, except throwing his stick or any other object. Should the goaltender throw any object during the attempt, a goal is automatically awarded. If the penalty shot is successful, the puck is placed at center ice and play resumes as normal. If the shot is unsuccessful,

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5270-440: The exception of financial institutions, credit cooperatives, consortia, supplementary scheme entities, companies administering health care plans, equity companies and a few other legal entities. It does not apply to state-run companies. Current law covers three legal proceedings. The first one is bankruptcy itself ("Falência"). Bankruptcy is a court-ordered liquidation procedure for an insolvent business. The final goal of bankruptcy

5355-506: The first Småland derby game in Elitserien history, which was on away ice against reigning regular-season champions HV71 , on 8 October 2011 in front of an outsold Kinnarps Arena —exactly 7,000 spectators—in Jönköping . Växjö Lakers came out on top with a 3–2 victory in a shootout . Växjö Lakers forward Mike Iggulden scored three penalty shot goals in the game, two of them counted in the statistics. Updated 18 August 2024 These are

5440-406: The goalmouth. The player could shoot while stationary within the circle, or could shoot while moving, as long as the shot was taken within the circle. The goaltender had to be stationary until the puck was shot, and no more than 1 foot (0.30 m) in front of the goal mouth. The first NHL penalty shot was awarded to the Montreal Canadiens ' Armand Mondou on November 10, 1934; he was stopped by

5525-475: The goaltender in order to create a better scoring chance. Minnesota Wild forward Mikko Koivu , Detroit Red Wings forward Pavel Datsyuk , Washington Capitals forward T. J. Oshie and New York Rangers forward Martin St. Louis are examples of players who commonly use this strategy. However, it is not uncommon for a shooter to simply shoot for an opening without deking. This is commonly referred to as sniping . This

5610-481: The issue of the order for the commencement of insolvency proceedings, the Insolvency Commissioner shall appoint a trustee for the debtor and an audit will be carried out, in which the debtor's economic capability and his conduct will be examined (lasting approximately 12 months). At the end of this audit a payment plan is established, at the end of which the debtor will receive a discharge. The default scenario

5695-514: The legislation, and include the failure to comply with a bankruptcy notice. A bankruptcy notice can be issued where, among other cases, a person fails to pay a judgment debt of at least $ 5,000. A person can also seek to have themselves declared bankrupt for any amount of debt by lodging a debtor's petition with the "Official Receiver", which is the Australian Financial Security Authority (AFSA). All bankrupts must lodge

5780-494: The net guarded by the Florida Panthers ' Roberto Luongo . Cole is one of three NHL players, along with Esa Pirnes (October 10 and October 12, 2003) and Andrew Cole (October 16 and October 18 2023), to have taken penalty shots in consecutive games. There have been three occasions when an NHL team successfully converted on two penalty shots in a single game - first on February 11, 1982 when Thomas Gradin and Ivan Hlinka of

5865-442: The opposing player's style of play. Shooters often consider the goaltender's strengths and weaknesses (such as a fast glove or stick save ), preferred goaltending style (such as butterfly or stand-up ) and method of challenging the shooter. Goaltenders often consider the shooter's shot preference, expected angle of attack, a patented move a shooter commonly uses and even handedness of the shooter. Most shooters attempt to out-deke

5950-518: The person seeking discharge establishes specific grounds for discharge under the Brunner test, under which the court evaluates three factors: Even if a debtor proves all three elements, a court may permit only a partial discharge of the student loan. Student loan borrowers may benefit from restructuring their payments through a Chapter 13 bankruptcy repayment plan, but few qualify for discharge of part or all of their student loan debt. Bankruptcy fraud

6035-416: The player who was fouled on the preceding play. In some cases, the captain of the attacking team may pick a player from those on the ice at the time of the infraction. Only a goaltender or alternate goaltender may be selected to defend the penalty shot, although the original goaltender usually stays in the net. According to NHL rules, if an infraction which would usually attract a penalty shot occurs while

6120-403: The previous law in 1998, to better address the above problems and a broader failure of the action. Russian insolvency law is intended for a wide range of borrowers: individuals and companies of all sizes, with the exception of state-owned enterprises, government agencies, political parties and religious organizations. There are also special rules for insurance companies, professional participants of

6205-405: The provisions of the Bankruptcy Act. Penalty shot (ice hockey) In ice hockey , a penalty shot is a type of penalty awarded when a team loses a clear scoring opportunity on a breakaway because of a foul committed by an opposing player. A player from the non-offending team is given an attempt to score a goal without opposition from any defending players except the goaltender . This

6290-415: The puck is placed at either of the faceoff positions in the zone where the play occurred, and play resumes. The time necessary to complete the penalty shot is not taken off of the game clock. Strategy is considered to be very important during penalty shots and overtime shootouts for both the shooter and the goaltender. Both shooters and goaltenders commonly consult their teammates and coaches for advice on

6375-509: The puck. Thomas Vanek also uses this technique. The penalty shot was invented in the Pacific Coast Hockey Association in the 1921–22 PCHA season . League president Frank Patrick was fed up with deliberate fouls on players with good scoring opportunities and introduced the free shot. The first shot taken was on December 6, 1921, and the first goal was scored on December 12, 1921 by Tom Dunderdale on Hugh Lehman . The shot

6460-536: The rehabilitation and continuation of the business. For private households, it is important to assess the underlying problems and to minimize the risk of financial distress to recur. It has been stressed that debt advice, a supervised rehabilitation period, financial education and social help to find sources of income and to improve the management of household expenditures must be equally provided during this period of rehabilitation (Refiner et al. , 2003; Gerhardt, 2009; Frade, 2010). In most EU member States, debt discharge

6545-628: The same play. This occurred on Friday, November 27, 2009 in a game from the ECHL league between the Utah Grizzlies and the Alaska Aces . Vladimir Nikiforov of the Utah Grizzlies was pulled down from behind on a breakaway and as the play continued the opposing team knocked the net off of its moorings intentionally. Once the referee stopped play he awarded Nikiforov two shots, with the second being negated if

6630-487: The securities market, agricultural organizations and other special laws for financial institutions and companies in the natural monopolies in the energy industry. Federal Law No. 40-FZ "On Insolvency (Bankruptcy)" dated 25 February 1999 (as amended) (the "Insolvency Law of Credit Institutions") contains special provisions in relation to the opening of insolvency proceedings in relation to the credit company. Insolvency Provisions Act, credit organizations used in conjunction with

6715-503: The subject of significant comment, from both government sources and the media, as being in need of reform. Part 7 of the Civil Law (Miscellaneous Provisions) Act 2011 has started this process and the government has committed to further reform. Bankruptcy in Israel is governed by the Insolvency and Rehabilitation Law, 2018. Insolvency proceedings below NIS 150,000 will be administered entirely by

6800-665: The top-ten point-scorers of the Växjö Lakers since their promotion to the SHL in the 2011–12 season. Figures are updated after each completed season. Note: Pos = Position; GP = Games played; G = Goals; A = Assists; Pts = Points; P/G = Points per game;   = current Växjö Lakers player Le Mat Trophy Coach of the Year Honken Trophy Rookie of the Year Bankruptcy Bankruptcy

6885-442: The trade and vehicles up to a certain value. All other assets of value can be sold. If a house, including the main residence, or car is above a certain value, a third party can buy the interest from the estate in order for the bankrupt to utilise the asset. If this is not done, the interest vests in the estate and the trustee is able to take possession of the asset and sell it. The bankrupt must pay income contributions if their income

6970-480: The various defaults of France , Portugal , Prussia , Spain , and the early Italian city-states. At the edge of Europe, Egypt, Russia, and Turkey have histories of chronic default as well." The principal focus of modern insolvency legislation and business debt restructuring practices no longer rests on the elimination of insolvent entities, but on the remodeling of the financial and organizational structure of debtors experiencing financial distress so as to permit

7055-464: The year ) by some people. During Podein's years in Växjö he became a crowd favorite. Prior to the following season, the 2004–05 season, the team also acquired Brad DeFauw , another NHL-merited North American player who played 9 NHL games and 154 AHL games. Both Shjon Podein and Brad DeFauw left the team after the 2004–05 season. The club would spend 8 seasons in HockeyAllsvenskan and, during that time, reach

7140-507: Was Athens , which by the laws of Solon forbade enslavement for debt; as a consequence, most Athenian slaves were foreigners (Greek or otherwise). The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency . Bankruptcy is also documented in East Asia . According to al-Maqrizi , the Yassa of Genghis Khan contained a provision that mandated

7225-426: Was taken from one of three dots painted on the ice 35 feet (11 m) from the goal. Players had to skate to the dot and shoot the puck from the dot. The penalty shot was added to the rule books of the NHL for the 1934–35 season , allowing them to be awarded when a player was fouled while in "a good scoring position." In the first season, the puck was placed in a 10-foot (3.0 m) circle, 38 feet (12 m) from

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