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- UK arm of Joost put into liquidation
- The UK arm of Joost, the online video service founded by the creators of Skype and backed by big media investors, was put into liquidation this month after failing to find a buyer.The liquidation is the latest stage in the decline of the Netherlands-based company, which launched in 2007...
- External links 2009-10-14
- GM in uphill battle as it plans for IPO
- General Motors is fighting a war on several fronts as it labours to sell its Opel unit in Germany, repay debts to the US government and persuade consumers to buy its cars, but it remains on track for an initial public offering in the second half of 2010.GM, which...
- External links 2009-10-19
- GM to begin repaying bail-out loans as it reveals fresh losses
- General Motors yesterday reported a further loss in its first quarter since leaving bankruptcy, but said it would begin repaying its bail-out loans to the US and Canadian governments next month.The US government-controlled carmaker reported a $1.15bn ( by Financial Times
- News items 2009-11-16
- Turnround man back in public eye
- Archie Norman's appointment at ITV, cheered by both investors and analysts, brings him back into the public eye and the business of turning round troubled companies.His reputation was cemented at Asda, which he took from the brink of bankruptcy in 1991 to be the UK's second-biggest supermarket. It was...
- News items 2009-11-18
- Bankruptcy is hard for chief to digest
- This week's Chapter 11 filing by Reader's Digest Association could hardly have come at a worse time for Ripplewood Holdings' founder and chief executive Timothy Collins.The collapse of the venerable magazine publisher , taken private for $2.8bn at the peak of the debt bubble in March 2007 by a...
- External links 2009-08-18
- Sick companies will pull down healthy ones
- The president of a leading European business group has condemned Germany's plan to sweeten the sale of Opel, General Motors' European arm, to a Canadian-led consortium with an offer of billions of euros in subsidies."I'm totally against the decision that the federal German government has taken," Jürgen Thumann, head...
- External links 2009-09-17
- Delphi to escape Chapter 11
- Delphi, the Michigan-based car parts maker, is set to emerge from Chapter 11 bankruptcy protection within the next few days after one of the US's longest, costliest and most complex court-supervised restructurings.Since filing for court protection in October 2005, Delphi has paid more than $400m to lawyers, financial advisers...
- External links 2009-10-04
Additional Resources
- Iron poor; Dispute with steel firm has River Rouge facing bankruptcy.(National Steel Corp.)(Brief Article)
- One bankruptcy could beget another if National Steel Corp. and the city of River Rouge don't resolve a property-tax dispute. River Rouge Mayor Greg Joseph said the city faces bankruptcy and a possible state receivership if its largest taxpayer, Nat One bankruptcy could beget...
- Research articles 2002-08-19
- Kmart set to be largest retail bankruptcy
- A fierce battle of price-cutting against major rival Wal-Mart has led US-based discount retailer Kmart to the brink of bankruptcy. As Brand Strategy goes to press, the chain looks likely to follow energy giant Enron into receivership. A fierce battle of price-cutting against major...
- Research articles 2002-02-01
- Korea Thrunet seeks receivership due to debt load.
- Mar 05, 2003 (The Asian Wall Street Journal - ABIX via COMTEX) Korea Thrunet has announced that it has filed for court receivership with the bankruptcy court in South Korea. The broadband Internet services provider had liabilities of 800 billion won at the end ...
- Research articles 2003-03-06
- Food company Cedenco collapses into receivership as FBI steps up probe into parent company
- Yesterday ANZ placed Cedenco and related companies including SK Foods Australia, SS Farms Australia into the hands of receivers Craig Shepard and Mark Korda of insolvency firm KordaMentha. The firm's New Zealand operations have also been placed in receivership. "Following a breakdown in governance and ownership issues in the related...
- News items 2009-11-09
- Advanta Files For Bankruptcy Protection
- NEW YORK (Reuters) - Advanta Corp ADVNA, a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.In the filing with the U.S. Bankruptcy Court for the District of...
- News items 2009-11-08
- Mass. Places Harvard Pilgrim, A Large HMO, In Receivership.
- Massachusetts insurance regulators have placed Harvard Pilgrim Health Care Inc., a health maintenance organization, into temporary receivership to keep creditors from forcing it into bankruptcy court. The nonprofit Brookline, Mass., HMO said it needs help because it discovered accounting problems that will force it...
- Research articles 2000-01-10
- Ssangyong Motor seeks court receivership
- Ssangyong Motor filed for court receivership on Friday to avoid bankruptcy and cope with liquidity problems caused by plunging demand for sports utility vehicles. The South Korean carmaker, which is 51 per cent-owned by Shanghai Automotive SAIC, has been seeking financial support from its Chinese parent after suffering four consecutive...
- News items 2009-08-07
- CRESSTALE'S PHOENIX RETURNS TO THE ASHES: BRITISH MOLDER IN RECEIVERSHIP.
- Rescuing a small custom injection molding business from bankruptcy in northern England in 1980, Peter Minto braved economic crises, fierce competition and a disastrous plant fire. Through it all, Minto fought to remake the molder into a leading s Rescuing a small...
- Research articles 1999-08-23
- Laguna Hills, Calif., Time-Share Developer Files for Bankruptcy Protection.
- By Hubble Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News Sep. 14--MPTV, the Laguna Hills, Calif.-based company that has been trying for years to develop the Lake Tropicana time-share resort in Las Vegas, announced that its Lake Trop LLC filed Friday for...
- Research articles 2002-09-14
- Health Law: Tips for Troubled Times
- Bankruptcy, receivership, sale, closure: once unthinkable events for nonprofit hospitals, they are occurring with increasing regularity around the country. Western Pennsylvania has witnessed the collapse of two major health systems in less than 36 months; Philadelphia has seen a number of bankruptcies and closures as well. Paper makes out that...
- White papers 2003-02-01
- South Korea's TriGem Computer files for court receivership
- SEOUL AFP — TriGem Computer, a major South Korean personal computer maker, has filed for court protection to avoid bankruptcy, falling victim to a price war with Taiwan and Chinese rivals. Trigem, the country's third largest PC maker after Samsung Electronics and LG Electronics, said the move was inevitable...
- Research articles 2005-05-18
- Duncan firm leads pair to bankruptcy.
- Jan 07, 2003 (The Advertiser - ABIX via COMTEX) South Australian labour supply contractor Petan Management has a $A160,000 tax debt. The company was placed into receivership when one of its major debtors, Omnipol, failed to pay $A160,000 in wages owing for 20 contract...
- Research articles 2003-01-08
- S. Korea's Daewoo Motor misses payment, could face bankruptcy
- SEOUL, Nov. 6 Kyodo Daewoo Motor Co. failed to honor two debts worth an estimated 20.4 billion won ($18 million) Monday, Yonhap News Agency reported If Daewoo Motor fails to meet the final deadline for the debt owed on the two bills by 4:30 p.m. Tuesday,...
- Research articles 2000-11-13
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