Norwegian Air secures bankruptcy protection in Norway
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
0
22
Business
News tagged with bankruptcy
Machine learning & AI
Scientists teach AI to predict bankruptcy
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
0
15
Business
Overshadowed by failures, crypto hacking exacts higher price
The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.
Dec 7, 2022
1
5
Business
Celebrity gossip site relaunches after sex tape forced shutdown
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
0
74
Business
Hertz allowed to sell $1 bn in shares despite bankruptcy
Coronavirus-hit car rental company Hertz was granted permission Friday to sell $1 billion in shares, an extraordinary move after it declared bankruptcy in the United States and Canada.
Jun 13, 2020
0
10
Business
Low-cost Norwegian Air Shuttle files for bankruptcy protection
Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a ...
Nov 18, 2020
0
7
Consumer & Gadgets
Crypto executives need to grow up or go the way of FTX, Riot Blockchain leader says
The highly publicized collapse of the crypto platform FTX is a wake-up call for crypto executives to act more professionally, one of crypto's most prominent North Texas leaders says.
Nov 23, 2022
0
28
Business
Struggling airlines seek to stay in the skies
The airline industry holds its annual gathering by video conference next week under the shadow of the COVID-19 pandemic that has plunged the sector into a crisis that may yet claim more carriers.
Nov 20, 2020
0
4
Business
Virgin Australia airline to be sold to US-based Bain Capital
Virgin Australia's creditors agreed Friday to sell the airline to Boston-based Bain Capital in a deal that will see the carrier cut 3,000 jobs and end many of its international flights.
Sep 4, 2020
0
5
Business
App attempts to break barriers to bankruptcy for those in medical debt
An unplanned and complicated pregnancy pushed Carlazjion Constant of Smyrna, Tennessee, to the financial brink.
Jan 12, 2022
0
6
Bankruptcy
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).
This text uses material from Wikipedia, licensed under CC BY-SA
