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
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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
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15
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
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74
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
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5
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
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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
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7
Business
Bally Sports and Amazon strike deal that could bring Texas Rangers to Amazon Prime
Bally Sports and parent company Diamond Sports Group have announced a restructuring of their debt that would allow the organization to emerge from bankruptcy and could make it easier for fans of the Texas Rangers, Dallas ...
Jan 18, 2024
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38
Energy & Green Tech
Bill signed for West Virginia renewable energy battery plant
West Virginia's governor on Friday signed a bill that gives $105 million in state funding for a renewable energy battery plant in a former steel town.
Feb 25, 2023
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9
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
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28
Business
China developer Evergrande plunges after resuming Hong Kong trading
Shares in troubled Chinese property giant Evergrande plummeted about 80 percent in Hong Kong on Monday after the lifting of a 17-month trading suspension.
Aug 28, 2023
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1
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
