bankruptcy

Debt Loads Hobble Chinese Firms
Debt Loads Hobble Chinese Firms
July 09, 2019  |  Economy

There’s an old saying in investing, which, paraphrased, works out to “you only find out who is swimming naked when the tide goes out.” Get...

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Restaurant Operator Blames Bankruptcy On Wage Hike
Restaurant Operator Blames Bankruptcy On Wage Hike
July 08, 2019  |  Retail

Restaurant Unlimited Inc., an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in...

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Punjab National Bank Loses $556M To Fraudulent Buying
Punjab National Bank Loses $556M To Fraudulent Buying
July 08, 2019  |  Security & Fraud

Punjab National Bank revealed that it had been defrauded $556 million from a struggling borrower, Bhushan Power & Steel, according to a report by The...

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Toys R Us May Return With Smaller Stores
Toys R Us May Return With Smaller Stores
June 24, 2019  |  Retail

Ahead of this year’s holiday season, defunct toy chain Toys R Us could be making a comeback: The remnant of the company will reportedly open...

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Suppliers Left Hanging As Sears Rescue Attempt Progresses
Suppliers Left Hanging As Sears Rescue Attempt Progresses
June 04, 2019  |  B2B Payments

The corporate restructuring of struggling retailer Sears continues, with hedge fund owner Edward Lampert reaching a deal this week to combine Sears Hometown with Sears...

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The Domino Effect Of Corporate Failures, Late Supplier Payments
The Domino Effect Of Corporate Failures, Late Supplier Payments
June 04, 2019  |  B2B Payments

Despite ongoing turbulence from major global market events like Brexit and trade wars, the prevalence of business failures has actually declined across the world, new...

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China Considers SMB Bankruptcy Path
China Considers SMB Bankruptcy Path
May 31, 2019  |  B2B Payments

Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB)...

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Taxi Drivers Driven To Bankruptcy Over Medallion Loans
Taxi Drivers Driven To Bankruptcy Over Medallion Loans
May 19, 2019  |  Loans

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with...

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Bitcoin Daily: EY Reveals QuadrigaCX Owes $150M; Binance To Resume Transactions After Cyberattack
Bitcoin Daily: EY Reveals QuadrigaCX Owes $150M; Binance To Resume Transactions After Cyberattack
May 14, 2019  |  Bitcoin

QuadrigaCX’s final report revealed that the defunct exchange still owes around $160 million. Get the Full Story Complete the form to unlock this article and...

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