Settlement would end Sortis Holdings bankruptcy push — if judge, creditors don’t intervene
A handful of creditors had petitioned a court to force a company with a collection of Northwest brands into bankruptcy over ...
Hospitals say Steward demanding millions more for essential IT services
The owners of former Steward hospitals say the company is threatening to cut off services unless the new owners pay millions more than previously agreed.
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IBBI Amends Liquidation and Voluntary Liquidation Regulations
Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Voluntary Liquidation ...
Exclusive-Scania tries to breathe life into troubled EV battery maker Northvolt
Truckmaker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a ...
Bankruptcy Rates by Race
Research shows that Black Americans are more likely than White Americans to file for bankruptcy and to choose Chapter 13, which is more expensive and often less successful than Chapter 7.
Layoffs possible for over 1,000 employees of Ohio-based Joann
HUDSON, Ohio (WOIO) - Fabric and crafts retailer Joann is warning that layoffs are possible for more than 1,000 employees. In documents filed recently with the Ohio Department of Job and Family ...
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Port Washington’s The Haborside makes deal for $80M sale
Port Washington’s financially troubled retirement home, The Harborside, has agreed to sell the facility to a Chicago-based investment group for $80 million.
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Central Excise Claims Not Secured Debt: NCLAT Delhi
NCLAT decisions, to emphasize that claims under Section 11E of the Central Excise Act and similar provisions are not ...