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. Toys R Us has filed for bankruptcy protection in the US and Canada after running up $5bn (£3. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 07:35:56 AM
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Latest Finance News related to Bankruptcy Protection

Toys R Us files for bankruptcy in US and Canada image
Source : Guardian [Read Article] Tuesday 19th of September 2017 07:35:56 AM
. Toys R Us has filed for bankruptcy protection in the US and Canada after running up $5bn (£3. ...
Troubled Toshiba misses annual results deadline image
Source : BBC [Read Article] Monday 15th of May 2017 04:54:42 AM
....Mar 2017: The company misses a second scheduled date for filing its Q3 results. Westinghouse files for Chapter 11 bankruptcy protection. ...
Hanging up the microphone image
Source : BBC [Read Article] Sunday 7th of May 2017 11:23:22 PM
....Within five years it had more than 400 restaurants across the US, Canada, the Middle East and Asia, and was so well-known in the US that it was even the central focus of one episode of hit comedy show Seinfeld. However, the chain had over-expanded, and in 1998 had to file for bankruptcy protection. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....At least Theranos is still in existence, not so the US media and celebrity news website Gawker. It filed for bankruptcy protection last year to avoid paying damages having lost a $140m lawsuit brought by former wrestler Hulk Hogan, after it published a video of him having sex with the wife of a friend. ...
Italy's ​Alitalia to enter administration after staff reject rescue deal image
.... Flight schedules will continue unchanged in the meantime. It has ruled out renationalising Alitalia, which was privatised and relaunched in 2008 after filing for bankruptcy protection earlier that year. ...
Toshiba's US nuclear problems could provide cautionary tale for UK image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....Construction work on the units has run hugely over budget and over schedule, casting a shadow over two of the biggest new nuclear power station projects in the US for years. Events came to a head last month when Westinghouse was forced to file for bankruptcy protection to limit Toshiba’s losses. ...
Toshiba files unaudited results and says future is in doubt image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:33:57 AM
....Mar 2017: The company misses a second scheduled date for filing its Q3 results. Westinghouse files for Chapter 11 bankruptcy protection. ...
Toshiba may sell chip business to Foxconn for $27bn image
Source : BBC [Read Article] Monday 10th of April 2017 03:59:36 PM
....Such a large offer from Foxconn would put pressure on Japan's government as Toshiba is seen as a key national asset. The Japanese firm needs to raise funds after its US nuclear unit, Westinghouse, filed for bankruptcy protection last month. ...
UK's Moorside nuclear project in turmoil as Toshiba's French partner backs out image
....“NuGen has been working tirelessly to bring in additional investment to support the Moorside project,” said a spokesman for the venture. The filing for Chapter 11 bankruptcy protection by Toshiba’s US nuclear unit Westinghouse Electric last month was as “an event of default” that allowed Engie to exercise its option to sell its stake to Toshiba, the Japanese firm said. ...
Toshiba forced to buy 40% of UK's NuGen image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:16:02 PM
....The French utility company Engie said it was exercising its "contractual rights" to sell its shares because NuGen was "facing some significant challenges". Last week, Toshiba's Westinghouse in the US, which was to build the plant's reactors, sought bankruptcy protection. ...
Toshiba shareholders angry as chip unit sale approved image
Source : BBC [Read Article] Thursday 30th of March 2017 07:41:02 AM
....Toshiba's management has come under fierce criticism from shareholders, despite investors approving plans to sell its valuable memory chip unit. The company needs money to plug a gaping hole at its US nuclear unit Westinghouse, which filed for bankruptcy protection on Wednesday. ...
Westinghouse bankruptcy move casts shadow over world nuclear industry image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:20:19 AM
....The nuclear arm of Toshiba proudly states “we are nuclear energy” on its website, a boast underpinned by its technology being in around half the world’s reactors. But the US firm was humbled on Wednesday when it filed for Chapter 11 bankruptcy protection in a New York court, in a bid to reorganise and limit losses for its Japanese owner. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....A financial crisis at a major nuclear energy business is threatening to deal a blow to the UK’s atomic energy programme. Toshiba’s US nuclear subsidiary Westinghouse Electric is believed to be on the brink of filing in the US for bankruptcy protection from creditors. ...
Takata shares rise on US airbag settlement reports image
Source : BBC [Read Article] Friday 13th of January 2017 03:26:11 AM
....Takata has acknowledged some of its airbag inflators exploded with too much force and sprayed metal shrapnel into the car. Takata has not disclosed the total cost of the global recall, but there have been multiple reports it is working on a restructuring deal and potential bankruptcy protection. ...
Boohoo set to bid for US fashion label Nasty Gal image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:11:19 PM
....1m in the year ending 1 February 2016, including sales of vintage clothing and third-party brands, which are excluded from the proposed transaction. When it filed for bankruptcy protection the company said it wanted to “attract a new equity partner or sponsor,” to help it move forward. ...
American Apparel files for second bankruptcy protection image
Source : BBC [Read Article] Monday 14th of November 2016 09:26:05 AM
. US retailer American Apparel (AA) has filed for its second bankruptcy protection in just over a year. ...
'We have no future' image
Source : BBC [Read Article] Friday 14th of October 2016 09:34:06 PM
....It's the biggest bust the shipping industry has ever seen. Only once the company came under bankruptcy protection were the vessels (around 100 of them) eventually allowed to go into ports around the globe. ...
Ex-Tesla rival Fisker rejoins electric car race image
Source : BBC [Read Article] Wednesday 5th of October 2016 01:24:10 AM
....The Fisker Karma model, released in 2012 for $100,000, attracted a lot of celebrity interest with buyers such as Leonardo DiCaprio, Ashton Kutcher and Justin Bieber. But after selling around 2, 000 vehicles, Mr Fisker left the company and it filed for bankruptcy protection in 2013 owing US taxpayers $139m (£109m). ...
Shares of troubled shipping firm Hanjin jump 28% image
Source : BBC [Read Article] Thursday 22nd of September 2016 01:08:38 AM
.... . Hanjin Shipping had sought bankruptcy protection earlier this month. ...
Stuck on board image
Source : BBC [Read Article] Wednesday 14th of September 2016 03:55:12 PM
.... . What they didn't know though was that Hanjin Shipping had filed for bankruptcy protection - crumbling under the weight of a staggering $5. ...
How Hanjin's collapse left a British artist stranded at sea image
Source : BBC [Read Article] Wednesday 14th of September 2016 02:09:15 AM
....She and the 25 sailors on board were due to return to dock on 15 September, but for now there's no word on when they will get to go home. The Geneva is one of dozens of Hanjin vessels stranded around the world since the firm, South Korea's largest shipping company, filed for bankruptcy protection. ...
Searching for a stranded Hanjin ship image
Source : BBC [Read Article] Thursday 8th of September 2016 11:50:22 PM
. The BBC’s Sharanjit Leyl goes in search of one of Hanjin Shipping's vessels, which has been stranded off the coast of Singapore since last week, when the firm filed for bankruptcy protection. ...
Hanjin bankruptcy: S Korea throws lifeline to shipping firm image
Source : BBC [Read Article] Tuesday 6th of September 2016 01:34:50 AM
....Hanjin Shipping last week filed for receivership in South Korea after attempts to raise fresh funding for the indebted company failed. On Monday, the company said it would seek bankruptcy protection in more than 40 countries to protect its fleet from being repossessed. ...
Bankrupt Hanjin seeks court protection for its ships image
Source : BBC [Read Article] Monday 5th of September 2016 03:17:55 AM
.... . South Korea's financial regulator said the company wanted to file for bankruptcy protection in more than 40 countries to protect its fleet. ...
Stranded at sea image
Source : BBC [Read Article] Thursday 1st of September 2016 01:23:28 PM
. With South Korea's biggest shipping company filing for bankruptcy protection, the vessels, sailors and cargo of Hanjin Shipping are stuck in limbo, stranded at sea. ...
Gawker Media sold to Univision in bankruptcy auction image
Source : BBC [Read Article] Wednesday 17th of August 2016 12:26:44 AM
....The firm outbid media rival Ziff Davis to seal the deal, which still hinges on approval from a bankruptcy judge. The sale comes after Gawker filed for bankruptcy protection in June to avoid paying damages after it lost a $140m invasion of privacy lawsuit brought by former wrestler Hulk Hogan. ...
Cash crop image
Source : BBC [Read Article] Wednesday 22nd of June 2016 11:00:50 PM
.... So any new business in this field needs a good cash management plan. Cannabis businesses are also ineligible for federal bankruptcy protection. ...
Philip Kives of K-tel – the man who invented the compilation album image
Source : Guardian [Read Article] Friday 29th of April 2016 12:17:21 PM
.... This, however, was when the wheels started to come off his business. Certainly not helped by selling the massively misjudged Minipops albums featuring young children, the company had overreached itself and by 1984 had filed for Chapter 11 bankruptcy protection after running up losses of $60m (£41m). ...
Customers’ reluctance to try newcomers props up the banking giants image
Source : Guardian [Read Article] Sunday 24th of April 2016 07:00:11 AM
....Business is business and if you expand too quickly nasty things can happen, whether you are in a technology of the future (solar) or a fuel of the past (coal). Just days after Peabody Energy, the biggest US coalmining business, was forced into bankruptcy protection, one of the world’s largest solar companies, SunEdison, did the same last week. ...
US solar company SunEdison files for bankruptcy image
Source : Guardian [Read Article] Thursday 21st of April 2016 08:39:23 PM
. SunEdison, once the fastest-growing US renewable energy company, has filed for chapter 11 bankruptcy protection as years of debt-fuelled acquisitions proved unsustainable. ...
Clouds gather over solar power after golden years of success image
Source : Guardian [Read Article] Saturday 16th of April 2016 03:00:21 PM
....Related: Solar power sets new British record by beating coal for a day. The latest solar milestone was particular symbolic, as it was announced on the day that the world’s largest coalmining group, Peabody Energy, applied for bankruptcy protection in the US. ...
Peabody Energy's collapse does not mark the end of an era for coal image
Source : Guardian [Read Article] Wednesday 13th of April 2016 02:54:11 PM
.... But it is not the end of the coal era, however much those of us who value the planet might like to see that. Peabody Energy has been felled predominantly by a 75% slump in coal prices rather than tightening environmental regulation, though it will emerge out of bankruptcy protection to a world where coal will never again be king. ...
World's largest coal producer files for bankruptcy protection image
Source : Guardian [Read Article] Wednesday 13th of April 2016 12:40:05 PM
. Peabody Energy, the world’s largest privately owned coal producer, has filed for bankruptcy protection in the US following a collapse in commodity prices. ...
Coal giant Peabody files for bankruptcy image
Source : BBC [Read Article] Wednesday 13th of April 2016 09:09:26 AM
. Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US after a sharp fall in coal prices left it unable to repay its debts. ...
Coal producer Peabody Energy files for bankruptcy image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:54:33 AM
. Peabody Energy, the world’s largest privately owned coal producer, has filed for US bankruptcy protection in the wake of a sharp fall in coal prices that left it unable to service a recent debt-fuelled expansion into Australia. ...
Peabody Energy on verge of bankruptcy image
Source : BBC [Read Article] Wednesday 16th of March 2016 03:04:14 PM
. The largest coal mining firm in the US - Peabody Energy - is considering filing for bankruptcy protection, the company said on Wednesday. ...
America's largest coalminer Peabody Energy may file for bankruptcy image
Source : Guardian [Read Article] Wednesday 16th of March 2016 02:25:27 PM
. The largest American coalminer, Peabody Energy, is delaying an interest payment due this week and warned that it may have to file for Chapter 11 bankruptcy protection. ...
Sports Authority declares bankruptcy and outlines plan to close 140 stores image
. Sports Authority is filing for Chapter 11 bankruptcy protection. ...
US shale drillers’ hallelujah chorus turns to a lonely lament image
Source : Telegraph [Read Article] Tuesday 19th of January 2016 09:06:40 PM
.... . More than 30 small US companies that collectively owe in excess of $13bn have already filed for bankruptcy protection so far during this downturn, according to law firm Haynes & Boone. ...
Ousted American Apparel CEO trying to buy back fashion chain image
Source : Guardian [Read Article] Monday 11th of January 2016 05:47:06 PM
....”. The investors said they would inject $130m, which would allow the company to exit bankruptcy protection with about $160m of liquidity and new equity compared with about $75m under its debtors’ plan. ...
Drug company taken over by Martin Shkreli seeks bankruptcy protection image
Source : Guardian [Read Article] Wednesday 30th of December 2015 04:44:19 PM
. Kalobios, the troubled drugmaker taken over by Martin Shkreli last month, is seeking bankruptcy protection less than two weeks after his arrest for securities fraud. ...
Spanish energy giant Abengoa's collapse predicted by 17-year-old image
Source : Guardian [Read Article] Monday 14th of December 2015 03:28:41 PM
.... It was not until 13 November that Deloitte, the company’s auditors, expressed any alarm about the company’s financial situation. Abengoa filed for bankruptcy protection last month and banks have employed KPMG to go through its accounts to get a clearer picture of its financial situation. ...
Saudi Arabia's $640bn question image
Source : Guardian [Read Article] Monday 7th of December 2015 06:58:57 PM
.... But even lower down the food chain, the US system encourages survival. Half the US coal industry, under even more intense pricing pressures, seems to have passed in and out of chapter 11 bankruptcy protection in recent years, but it is still there. ...
American Apparel: Paula Schneider's 'wild ride' to revive the brand image
Source : Guardian [Read Article] Tuesday 10th of November 2015 06:00:05 AM
....March 2015 Charney reveals lawsuit claiming $40m damages for breaches of his employment contract. October 2015 American Apparel files for Chapter 11 bankruptcy protection and announces plans to delist. ...
American Apparel: a trip from the height of cool to lows of bankruptcy image
Source : Guardian [Read Article] Monday 5th of October 2015 05:55:50 PM
.... The company built an empire of 260 shops in 19 countries around the world, including the UK. However, the fashion brand is now trying to make a fresh start after filing for Chapter 11 bankruptcy protection in the US. ...
American Apparel files for bankruptcy protection image
Source : Telegraph [Read Article] Monday 5th of October 2015 07:34:34 AM
. American Apparel has filed for bankruptcy protection to wipe out most of its debts and provide more breathing space for its restructuring. ...
American Apparel files for bankruptcy image
Source : BBC [Read Article] Monday 5th of October 2015 06:40:42 AM
. Troubled clothes retailer American Apparel has filed for US bankruptcy protection. ...
American Apparel files for bankruptcy image
Source : Guardian [Read Article] Monday 5th of October 2015 05:38:06 AM
. American Apparel has filed for bankruptcy protection after persistent plunging sales at the the scandal-ridden teenage fashion company. ...
Founder of Bitcoin exchange MtGox charged with embezzlement image
Source : Telegraph [Read Article] Friday 11th of September 2015 02:49:36 PM
.... . The exchange, which once said it handled around 80pc of global Bitcoin transactions, filed for bankruptcy protection soon after the cyber-money went missing, leaving a trail of angry investors calling for answers. ...
Scandal-hit American Apparel seeks saviour as sales fall 17 per cent image
Source : Independent [Read Article] Wednesday 19th of August 2015 12:34:16 AM
. The troubled fashion retailer American Apparel has revealed it may be forced to seek bankruptcy protection before the end of the year. ...
Executive arrested over disappearance of $390 million in Bitcoins image
Source : Telegraph [Read Article] Saturday 1st of August 2015 03:46:20 AM
.... . The exchange - which once boasted of handling around 80 percent of global Bitcoin transactions - filed for bankruptcy protection soon after the cyber-money went missing, admitting it had lost 850,000 coins worth 48 billion yen ($387 million at today's exchange rate). ...
Sack Puerto Rico's teachers? A new low for hedge funds image
Source : Independent [Read Article] Thursday 30th of July 2015 12:22:39 AM
.... Hedge funds, she said, “are vultures, are feeding off the misery of the island and the people, and it’s really dire”. New York Mayor Bill de Blasio has even called for the federal government to allow Puerto Rican agencies to file for bankruptcy protection. ...
Mothercare blames sales dip on volatile international trading image
Source : Guardian [Read Article] Thursday 23rd of July 2015 04:40:08 PM
. Mothercare has warned of volatile trading at its international businesses after its Irish franchisee entered the local version of bankruptcy protection. ...
9 Songs 50 Cent probably shouldn't sing any more image
Source : Telegraph [Read Article] Tuesday 14th of July 2015 01:48:14 PM
. After losing a $5 million lawsuit to Lestonia Leviston – the subject of a sex tape he leaked in 2009 – actor, businessman and rapper 50 Cent has filed for bankruptcy protection in what he calls a "strategic business move". ...
Rap star 50 Cent files for bankruptcy image
Source : BBC [Read Article] Monday 13th of July 2015 04:20:48 PM
. Rapper 50 Cent has filed for Chapter 11 bankruptcy protection, according to reports in the US. ...
Greece isn't the only place drowning in debt: Puerto Rico's governor says island is in 'death spiral' image
.... Debt issued by the island economy was downgraded to “junk” status by Moody’s in May, as a default has appeared inevitable. Being a US territory, and not a state or country in its own right, Puerto Rico can not seek bankruptcy protection or IMF assistance. ...
Colt Defense, America's best-known gun maker files for bankruptcy protection image
. Colt Defense, one of America’s best-known maker of guns, has filed for bankruptcy protection, the company announced Sunday night. ...
Gun maker Colt files for bankruptcy image
Source : BBC [Read Article] Monday 15th of June 2015 08:38:30 AM
. Connecticut-based gun maker Colt Defense has filed for bankruptcy protection, as it grapples with a heavy debt load. ...
US airline giants pick fight with Gulf rivals over 'sky sharing' deal image
....”. His airline’s formal response to the US government, filed last week, counter-attacks by claiming that the big three US carriers had received more than $70bn in state support in the last 15 years – including tax breaks, taking over pension liabilities, and, most obviously, Chapter 11 bankruptcy protection. ...
Gateley hopes to become Britain's first listed law firm with £140m sale image
.... KPMG floated its IT consultancy business in 2001, which became BearingPoint in 2002 and flagged up accounting problems in 2003. It filed for bankruptcy protection in 2009. ...
Finns buy Wedgwood Royal Doulton firm image
Source : BBC [Read Article] Monday 11th of May 2015 06:26:37 PM
....Finnish home and garden firm Fiskars has paid $437m (£280m) to buy Waterford Wedgwood Royal Doulton, the china and glass company. The US private equity firm KPS Capital Partners bought the brands when their Irish parent company filed for bankruptcy protection in 2009. ...
Inmarsat's new satellite system helping run Nepal earthquake rescue  image
Source : Telegraph [Read Article] Wednesday 6th of May 2015 01:33:46 PM
.... . Five years ago Inmarsat agreed a deal to lease spectrum to the US broadband provider, but LightSquared went into Chapter 11 bankruptcy protection with payments becoming irregular. ...
Gulf airlines' success prompts hostility from US and European carriers image
....The aviation consultant John Strickland said: “The complaints about state support are coming in one direction, but we have to look at the history. Airline privatisations which were backed up by government, historic policies to favour flag carriers, and the contentious Chapter 11 legislation that allows US airlines to go into bankruptcy protection, which isn’t available throughout the world. ...
Eurotunnel: Profits soar but new immigration exit checks delay travellers image
Source : Independent [Read Article] Thursday 19th of March 2015 12:47:30 AM
.... . Yet just seven years ago Eurotunnel was in the French equivalent of Chapter 11 bankruptcy protection, and chairman Jacques Gounon had to instigate major restructuring. ...
GM soothes shareholder with $5bn share buy back image
Source : BBC [Read Article] Monday 9th of March 2015 02:54:57 PM
.... . He was part of a government task force that restructured GM when it came out of bankruptcy protection in 2009. ...
When private equity comes out fighting, beware the sucker punch image
Source : Independent [Read Article] Saturday 7th of March 2015 12:05:38 AM
....So Apollo and TPG are trying to salvage what’s left of their investment and their reputation by shuffling the debt around and creating two new companies, one a real estate investment trust (Reit) to own the property assets and the other to run as the casino operator. Caesars already has an operating company – it’s in Chapter 11 bankruptcy protection at the moment. ...
RadioShack files for Chapter 11 bankruptcy protection image
Source : Guardian [Read Article] Friday 6th of February 2015 01:40:24 AM
RadioShack files for bankruptcy after long decline image
Source : BBC [Read Article] Thursday 5th of February 2015 10:40:22 PM
. US electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection in a widely-expected move. ...
Target: 17,600 jobs at risk as retailer leaves Canada   image
Source : BBC [Read Article] Thursday 15th of January 2015 03:28:43 PM
....On current trading performance, Target Canada, which employs 17,600 people, would not be profitable before 2021, its US parent said in a statement. Target Canada, which has filed for bankruptcy protection, faced tough competition from Walmart and Costco, which opened in the country years ago. ...
Caesars Entertainment's operating unit files for Chapter 11 bankruptcy image
Source : Independent [Read Article] Thursday 15th of January 2015 11:58:01 AM
. The operating unit of US casino and hotel corporation Caesars Entertainment has filed for Chapter 11 bankruptcy protection – citing debts of $18. ...
BA pilot wants to fly Aer Lingus image
Source : Telegraph [Read Article] Saturday 20th of December 2014 02:34:08 PM
.... . Established European flag carriers like Swissair, Belgium’s Sabena and Ansett Australia went to the wall, while in America United, US Airways, Northwest and Delta all filed for Chapter 11 bankruptcy protection from creditors. ...
US teen retailer Delia's files for bankruptcy image
Source : BBC [Read Article] Friday 5th of December 2014 06:41:45 PM
. The once-popular US teen retailer Delia's has said it will liquidate all of its store and file for Chapter 11 bankruptcy protection. ...
Aereo files for bankruptcy after Supreme Court ruling image
Source : Independent [Read Article] Friday 21st of November 2014 04:10:37 PM
. Aereo, the online streaming service backed by media mogul Barry Diller, has filed for bankruptcy protection. ...
Cancer immunotherapy pioneer Dendreon files for bankruptcy image
Source : Telegraph [Read Article] Monday 10th of November 2014 05:29:59 PM
. Dendreon, the first company to develop a treatment harnessing the body's own immune system to battle cancer, has filed for bankruptcy protection after disappointing sales and a $620m (£391m) debt pile. ...
Detroit pensioners hit as city ends largest municipal bankruptcy in US history image
.... . Detroit filed for Chapter 9 bankruptcy protection in July 2013 after it stopped making payments on some of its of debt and obligations last month. ...
Oil baron Nelson Bunker Hunt dies image
Source : Guardian [Read Article] Wednesday 22nd of October 2014 06:38:08 AM
....Sliding prices for oil, land and commodities further dented their fortunes. Nelson Bunker Hunt filed for bankruptcy protection in 1988 and much of his remaining fortune was liquidated to pay creditors and the Internal Revenue Service, the federal tax collection agency. ...
RadioShack CFO resigns amid bankruptcy fears image
Source : Guardian [Read Article] Monday 15th of September 2014 06:59:34 PM
....The company was evaluating a $585m financing package led by UBS AG and Standard General LP, its second-largest shareholder, the Wall Street Journal reported late on Friday. Shares of RadioShack, which last week warned it may seek bankruptcy protection, rose as much as 23% on Monday. ...

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