bankruptcy

Russia Offers Fast Bankruptcies to Firms Leaving Country

Russia Offers Fast Bankruptcies to Firms Leaving Country
Russia Offers Fast Bankruptcies to Firms Leaving Country
March 04, 2022  |  Cross-border Payments

Foreign businesses that want to get out of Russia can either receive fast-track bankruptcy protection or turn their operations over to local managers, the country’s...

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Luxury Watchmaker HYT Emerges From Bankruptcy With Improved Quality Controls
Luxury Watchmaker HYT Emerges From Bankruptcy With Improved Quality Controls
January 28, 2022  |  Retail

It looks like HYT’s time wasn’t up after all. The luxury watch seller — with prices in excess of $70,000 — that boasts it was...

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Retail Bankruptcies Drop 60% to Lowest Level in a Decade
Retail Bankruptcies Drop 60% to Lowest Level in a Decade
January 21, 2022  |  Retail

Retail bankruptcies dropped from 52 in 2020 to 21 last year, Axios reported Thursday (Jan. 20), citing research by S&P Global Market Intelligence. The 21...

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Uptick in Business Bankruptcies Expected
Uptick in Business Bankruptcies Expected
October 06, 2021  |  Economy

Business bankruptcies are predicted to rise next year as governments pull the plug on pandemic-related financial support, CNBC reported on Wednesday (Oct. 6), citing a...

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A Year After Exiting Bankruptcy, A More Focused Neiman Marcus Emerges
A Year After Exiting Bankruptcy, A More Focused Neiman Marcus Emerges
August 13, 2021  |  Retail

Nearly a year after emerging from Chapter 11 bankruptcy, Neiman Marcus is reemerging with a new marketing campaign meant to reintroduce the brand to the...

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Corporate Bankruptcies Drop 50 Pct Since Pandemic Start
Corporate Bankruptcies Drop 50 Pct Since Pandemic Start
May 04, 2021  |  Business

The U.S. saw 10 bankruptcy filings by large corporates with at least $50 million in liabilities in April, but that’s almost 50 percent lower than...

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Cosi Restaurant Chain Seeks Speedy Bankruptcy Process
Cosi Restaurant Chain Seeks Speedy Bankruptcy Process
May 04, 2021  |  Economy

Restaurant chain Cosi, which is now in bankruptcy, wants to speed up the process so it can gain access to federal aid for restaurants as...

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Pandemic Aid, Gov’t Measures Help Hold Off Bankruptcies
Pandemic Aid, Gov’t Measures Help Hold Off Bankruptcies
March 29, 2021  |  Economy

As government support buttressed income and staved off some obligations, the number of individuals filing for bankruptcy dropped precipitously during the pandemic, The Wall Street...

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