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the person is declared bankrupt, [53] which will continue until discharge if a person is a debtor [ 54 ] that owes at least $1,000 and has committed an act of bankruptcy [ 55 ] his creditors [ 56 ] may apply for a bankruptcy order to be issued against him [ 57 ]
In a Chapter 7 case, the debtor has no absolute right to discharge. A creditor or trustee may file an objection to the discharge of the debt. To object to a discharge, a creditor must file a complaint before the deadline outlined in the notice sent by the bankruptcy court. More than 90% of Chapter 7 debtors receive a discharge of debts. [12]
In 1976, RBC completed Royal Bank Plaza, at 200 Bay Street, Toronto, and shifted the majority of its critical head-office functions from Montreal to Toronto. [55] The Royal Bank of Canada presently operates two headquarters, with its corporate headquarters at Royal Bank Plaza and its head office based at Place Ville-Marie. [2]
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RBC Dominion Securities was the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and formed part of RBC's Wealth Management and Capital Markets divisions. Today, RBC Dominion Securities is known as RBC Capital Markets [ 1 ] and RBC Wealth Management.
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Aurora Bank; Hudson Castle Group; Margin Call, a 2011 film about the collapse of an investment bank during the 2008 financial crisis. Free Money Day; Too Big to Fail, a 2010 HBO docudrama about the 2008 financial crisis. The Big Short, a 2015 film about bank fraud. C, a 2011 anime inspired by the bankruptcy of Lehman Brothers.
RBC Bank is the trading name of RBC Bank (Georgia), N.A., the United States–based retail banking division of the Royal Bank of Canada (RBC) which is targeted toward Canadian snowbirds, expatriates, and frequent tourists. Despite its limited reach, RBC Bank is a federally chartered bank, thus its trading name bears "N.A." letters.