Bankruptcy

Minimum wage bill will 'bankrupt' municipalities, mayors warn premier

Smaller communities bracing for hike in part-time, on-call wages<p>Ontario's municipalities say they're hoping the province will make good on its pledge …

Canada

Takata bankruptcy judge halts lawsuits against automakers

The judge in charge of the Takata bankruptcy case halts lawsuits against individual automakers for a period of 90 days, according to Reuters.<p>The …

Business

Touratech Accessory Company Files for Bankruptcy

Touratech Accessory Company Files for BankruptcyThe German adventure accessory company Touratech filed for bankruptcy due to a temporary inability to …

Who Will Pay for Takata’s Future Victims?

Deployed Takata air bags in a 2007 Dodge Charger in Detroit in 2015.Rebecca Cook/Reuters So far, exploding air bags made by the Japanese auto …

U.S. Department of Justice

Judge Rejects Bankrupt Woman’s Bid to Cancel $333,423 Student Loan Bill

Decision underscores difficulty student-loan borrowers have trying to get relief through bankruptcy courts<p>A federal judge has ruled that a 46-year-old West Virginia woman with chronic health problems isn’t poor enough to leave $333,423 worth of student loans behind in bankruptcy, reinforcing how …

Judiciary

Trump Goes Russia Cheap with Air Force One: Buys Bankrupt Russia Firm’s Undelivered 747s

The Air Force is reportedly putting the final touches to a deal with Boeing to alter its original plans for purchasing two new 747s to replace the …

Conservative View

MPs told SAA 'effectively bankrupt'

South African Airways (SAA) has run out of cash and is effectively bankrupt. It is feared it may not be able to pay salaries.

News (South Africa)

Tidewater's new stock climbs from the open after company emerges from bankruptcy

The new shares of Tidewater Inc. TDW, +9.03% began trading on the New York Stock Exchange Tuesday, after the provider of offshore service vessels for the energy industry emerged from bankruptcy. The stock, which was listed under the same ticker symbol of "TDW" as it was before the emergence from …

NYSE

Lombard Westin filing bankruptcy to restructure $246.6 million debt

The agency that owns the Westin hotel in Lombard is restructuring its debt through a Chapter 11 bankruptcy filing that will help it pay off $246.6 …

Toshiba Bankruptcy a Nice Idea, But Hard to Execute

The nuclear option of bankruptcy could give Toshiba a fresh start. It’s a nice idea, but the embattled Japanese giant is more likely to choose to muddle through.<p>A number of people involved in Toshiba’s restructuring are pushing for a bankruptcy filing as the best path to rebirth, according to The …

Toshiba

SunEdison sets bankruptcy exit with nothing for shareholders

SunEdison won final approval for a bankruptcy plan that will leave what was once the world’s largest renewable-energy firm as a shell of its former …

Deutsche Bank

Bankruptcy: Stick A Fork In It, You're Done

In all my years working for American Management Services, I’ve only ever seen two clients that were so far gone, that we suggested they file for bankruptcy. For both clients, we had a restructuring plan which included preapproval and support from their banks, we negotiated debtor-in-possession …

Lines of Credit

Takata troubles could spill beyond bankruptcy | Reuters.com

When Japanese airbag maker Takata filed for bankruptcy last month, it was meant to draw a line under biggest scandal in the history of the auto industry. But as Naomi Tajitsu reports from Tokyo, a new wave of recalls could signal more pain for the company and the carmakers that use its products.

Thomson Reuters

6 Celebs You Forgot Filed For Bankruptcy

"With great power comes great responsibility" is definitely not the motto these celebs followed. Bankruptcy happens all the time in Hollywood, and …

Entertainment

Recent Trends In Enforcement of Intercreditor Agreements and Agreements Among Lenders in Bankruptcy

Over the last several decades, the enforcement of intercreditor agreements (“ICAs”) and agreements among lenders (“AALs”) that purport to affect …

Harvard

United Airlines’ Plan to Bankrupt Alitalia?

United Airlines will serve Rome year-around from its Newark hub. Might this be a plan to hasten Alitalia’s demise? Currently, United offers seasonal …

Airlines

IBBI seeks public comments on bankruptcy regulations

The Insolvency and Bankruptcy Board on Thursday called for public comment on the country’s revised bankruptcy code that went into effect last year, …

Business (India)

Sanjeev Sanyal: New Corporate Insolvency Regime Is Central To Modi’s Vision Of A New India

Bankruptcy, seen in a new light

India

Takata bankruptcy a question mark for customer lawsuits

But Michael Duffy, an attorney who specializes in catastrophic personal injuries, said this was unlikely. "There won't be enough money to cover the …

Takata

What Does Takata's Bankruptcy Mean for Car Owners?

Takata

Japan Suffers Record Manufacturing Bankruptcy With Takata

The story of Takata Corp.’s tumble from its position as a Japanese manufacturing legend is told nowhere with more efficiency than in the …

Business

Takata files for bankruptcy, selling assets to Michigan company

Takata, the Japanese auto parts manufacturer whose defective airbags have led to at least 14 deaths and 70 million recalls in the United States …

Business

Japanese airbag-maker Takata files for bankruptcy

It is being described as the biggest ever bankruptcy of a Japanese manufacturer.<p>The airbag maker Takata is facing massive bills for costs and liabilities after the auto industry’s largest ever product recall.<p>The company also says it is being bought by a US-based firm.<p>Takata has been struggling with …

Takata

Toyota updates on Takata bankruptcy

Toyota (NYSE:TM) discloses that it has idemnifications claims and other expenses tied to the Takata airbag recalls of ¥570B ($5.10B). The automaker …

Business

Japanese airbag maker to file for bankruptcy

The Japanese airbag maker Takata is expected to file for bankruptcy in Japan on Monday amid an increasing slew of legal troubles.The company has …

Airbags

Takata, Brought Down By Airbag Crisis, Files For Bankruptcy

<i>By Jethro Mullen and Rob McLean</i><p><i>PHILADELPHIA (CNN)</i> — Takata has filed for bankruptcy and is selling most of its business to an American rival after …

Takata

Takata Plans Bankruptcy Filing as Soon as Sunday

The air-bag supplier plans near simultaneous bankruptcy filings in the U.S. and Japan, sources say<p>Takata Corp., the supplier of rupture-prone air bags linked to numerous deaths and injuries, is preparing to seek bankruptcy protection as soon as Sunday with a tentative deal to sell operations to a …

21st Century

Takata Fell 55 Percent on Bankruptcy Report

Takata slumped a record 55 percent in Tokyo as investors expect a bankruptcy filing for the air-bag maker at the center of the biggest recall in …

Business

Takata to file for bankruptcy Monday

Facing billions of dollars in liabilities, Takata (OTCPK:TKTDY) will seek bankruptcy protection from creditors on Monday, Reuters reports.<p>SMBC is to …

Business

Takata shares halve in the wake of bankruptcy rumours

Takata fell by more than half on Thursday as shares traded for the first time this week following reports the troubled airbag maker was close to …

Stock Markets