Business
Collapsed cryptocurrency trading firm FTX confirmed there was "unauthorized access" to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
Nov 13, 2022
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5
Business
A Chinese joint venture producing Jeep SUVs for Stellantis will file for bankruptcy, the European carmaker said Monday, after its chief executive complained earlier this month political tensions with the West were affecting ...
Oct 31, 2022
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Business
Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management.
Aug 10, 2022
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Business
Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers.
May 18, 2022
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Business
An unplanned and complicated pregnancy pushed Carlazjion Constant of Smyrna, Tennessee, to the financial brink.
Jan 12, 2022
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Machine learning & AI
The ability to accurately assess the financial risks of dealing with a business is vital to both the economy and society. This is particularly true when forecasting bankruptcy, which can result in significant financial losses ...
Oct 19, 2021
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Business
Gawker, the gossip website forced into bankruptcy following its posting of a celebrity sex tape, is relaunching under new ownership, the publisher said Wednesday.
Jul 28, 2021
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Business
American rental car company Hertz on Tuesday proposed exiting bankruptcy by selling shares to two investments firms in a deal valued at up to $4.2 billion.
Mar 2, 2021
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Business
Low-cost carrier Norwegian Air Shuttle said Thursday it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring.
Jan 14, 2021
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Business
Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland.
Dec 8, 2020
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22
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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