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Latest Articles in bankruptcy
WeWork Hires Advisers To Avoid Bankruptcy: Report
The company has hired real estate adviser Hilco Global, consultant Alvarez & Marsal, and law firm Kirkland & Ellis, according to the report
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Chinese Real Estate Giant Evergrande Files For Bankruptcy
The beleaguered firm, which faced significant debt and defaulted on its financial obligations in 2021, sparking a massive property crisis in the Chinese economy, is still grappling with the repercussions
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Vice Media Files For Bankruptcy
The lenders have secured a $20-million loan to continue operating Vice and then, if a better bid does not emerge, the group that includes Fortress and Soros will acquire Vice
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KKR-backed Envision Healthcare Files For Bankruptcy
KKR & Co Inc-backed Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of USD 1 billion to USD 10 billion each, the company said in a court filing
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Go First Goes Into Detail On Engine Failures, Claims 510 Engine Removals Since 2016
In its report, Go First stated that, between 2016 and February 2023, the airline carried out 510 engine removals, 289 of which were a result of 28 different defects, and 221 were engine swaps. It also cited combustor distress as the highest contributor to issues, with 140 engines removals being attributed to this issue alone
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Vice Media Heading For Bankruptcy: Reports
The New York Times reported that the company has been struggling to find a buyer to avoid declaring bankruptcy but there is still a chance that the company might find one
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Kejriwal Supports Uddhav Thackrey, Says He Is A Tiger And Will Fight Back
The Delhi CM was addressing an event in Mumbai on Friday
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Jolt To Crypto World As FTX Files For Bankruptcy
FTX had raised USD 400 million in January which valued the company at USD 32 billion
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Lanka All Set To Reduce Heavy Debt Burden To Emerge From Bankruptcy: Wickremesinghe
He said, "We must not only fulfil goals set forth but also surpass them. Let us orient ourselves to a new export economy enabling us to sustain our social services without fail"
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ShopX Files For Bankruptcy
ShopX, an e-commerce platform has reportedly shut down and filed for bankruptcy.
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Govt Approves $1.4 Bn Bankruptcy Loan For Revlon
David Jones, U.S. Bankruptcy Judge in Manhattan, on Monday, granted Revlon permission to get a loan of USD 1.4 billion.
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Crypto Platform Celsius Files For Bankruptcy
Celsius listed estimated assets and liabilities on a consolidated basis in the range of USD 1 billion to USD 10 billion, according to a court filing in the US Bankruptcy Court for Southern District of New York
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Crypto Exchange Genesis Had Exposure To Bankrupt Three Arrows Capital
But the firm had mitigated its losses after the bankrupt crypto hedge fund failed to meet a margin call
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Crypto Platform Voyager Digital files for bankruptcy
Crypto lenders such as Voyager boomed in the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. However, the recent slump in crypto markets - sparked by the downfall of two major tokens in May - has hurt lenders
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EV Maker Electric Last Mile Solutions Files For Bankruptcy
The move comes after the Troy, Michigan-based company disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its previously issued business outlook in March.
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