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
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Business
News tagged with bankruptcy
Business
Airlines need another $70-80 bn to survive: IATA chief
Airlines need up to another $80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.
Nov 20, 2020
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Business
Google's Russian business plans to file for bankruptcy
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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Virgin Atlantic files for bankruptcy protection in US as virus bites
Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline—which has not flown since April because of coronavirus—seeks to tie up a rescue deal in the UK.
Aug 5, 2020
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Business
Newspaper chain McClatchy files for bankruptcy protection (Update)
McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers ...
Feb 13, 2020
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Business
Investors in cryptocurrency exchange demand founder's body be exhumed
Investors in a cryptocurrency exchange who lost access to tens of millions of dollars when the website's Canadian founder died abruptly, are demanding his body be exhumed to rule out any chance that he faked his own death.
Dec 16, 2019
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Business
Most airlines expect job cuts over next 12 months: survey
Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association said Wednesday, citing an internal survey.
Aug 5, 2020
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Business
Norwegian Air cuts 4,700 staff in subsidiary bankruptcy
Norwegian Air said Monday four of its subsidiaries in Denmark and Sweden have filed for bankruptcy, affecting some 4,700 pilots and crew, as a result of the coronavirus pandemic.
Apr 20, 2020
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Business
Funds vanish at bankrupt crypto exchange FTX; probe underway
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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Business
Stellantis China Jeep joint venture to file for bankruptcy
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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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).
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