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Sunday, September 22, 2019

Tag: bankruptcy

Thomas Cook has approached UK government for bailout funds

Thomas Cook could leave hundreds of thousands of holidaymakers stranded if it fails to find funds.

Purdue Pharma seeks to halt opioid suits against company

Purdue is preparing for some states to argue their lawsuits cannot be halted by a Chapter 11 filing because their legal actions were brought to enforce public health and safety laws.

Forever 21 prepares for potential bankruptcy filing

Forever 21 operates more than 800 stores in the US, Europe, Asia and Latin America.

Bury cannot appeal over expulsion from league says EFL

Bury's expulsion means one less team will be relegated this season from League One, which will have 23 clubs.

Thomas Cook agrees to key terms of rescue deal

Fosun will pump £450 million of new capital for a 75% stake of the tour operator business and 25% of the group's airline.

Barneys, near death days ago, now weighs multiple rescue bids

Barneys could be back from the brink as it weighs proposals to rescue the chain of luxury department stores from bankruptcy.

How does declaring bankruptcy affect you?

Before filing for bankruptcy, make sure you look at all the options available.

Boris Becker’s trophy auction raises over £680,000

Some of the auctioned items include a replica of the Davis Cup winners trophy, an international tennis hall of fame ring, watches and playing clothes.

Oil driller Dolphin to regroup after US$1 bln bankruptcy

The collapse of oil prices in 2014 to 2016 and competition from newcomers that drove down rig rates hit Dolphin hard.

Insys files for bankruptcy

The company plans to honour employee wages and to continue operating as normal while paying vendors and suppliers in full.

Harvey Weinstein’s former film studio plans to liquidate in bankruptcy

The move comes as the studio tries to resolve civil lawsuits against former directors and officers arising from Weinstein's sexual misconduct scandal.

Harvey Weinstein’s former film studio plans to liquidate in bankruptcy

Several rounds of mediation over the last 10 months have failed to resolve liability claims arising from Weinstein's alleged misconduct.

California confirms deadly fire was caused by power lines

Cal Fire says very dry vegetation, strong winds, high temperatures and low humidity fuelled the fire and caused 'extreme rates of spread'.

Opioid maker Insys mulls bankruptcy filing

The company didn’t say when it might file for Chapter 11 protection, and there’s no guarantee that it will.

5 things that went wrong for India’s Jet Airways

Air France and KLM are operating additional flights to Mumbai to accommodate passengers affected by Jet's decision to cancel international flights.

Avianca Brasil cancels 179 flights as it loses appeal on planes

Lessor Aircastle was scheduled to repossess its remaining nine planes leased to Avianca Brasil by Sunday, Brazil's civil aviation regulator said.

Fisker relaunches Tesla rivalry with US$40,000 electric car

Fisker, which gave a press release with images of the new vehicle, said a drivable prototype would be available later this year.

Saudi court approves detained tycoon Sanea’s bankruptcy filing

Maan al-Sanea who owns Saad defaulted together with another conglomerate, Ahmad Hamad al-Gosaibi and Brothers (AHAB) leaving banks with unpaid debts of $22 billion.

Diesel Jeans files for bankruptcy as turnaround lags

Diesel blamed plummeting sales, a botched turnaround, pricey leases and unwavering landlords - plus several instances of cyber fraud and theft.

OxyContin maker Purdue Pharma exploring bankruptcy

Filing for Chapter 11 protection would halt lawsuits and allow Purdue to negotiate legal claims with plaintiffs under the supervision of a US bankruptcy judge.

RCom shares plunge in latest twist between battling tycoon brothers

Shares in the mobile network firm fell 35% on Monday and finished another 28% lower on Tuesday.

A billionaire’s wireless bankruptcy may help Asia’s richest man

The elder Ambani could have even more leverage in bidding for the assets of a company whose demise he helped hasten by storming into the mobile phone market in 2016 with free services.

Ambani seeks bankruptcy cover for Reliance Communications

Reliance Communications agreed to approach the National Company Law Tribunal after failing to pay lenders for the past 18 months.

Three years later, India’s bankruptcy reform languishes in courts

The nine months set for the process has now stretched to more than one and a half years, leaving creditors still not knowing how much of their money will be returned.