The collapse of South Korean company Hanjin Shipping has left ships, cargo and crews stranded around the globe. It highlights the complex consequences of a shipping company going bankrupt, with Hanjin’s creditors and customers waiting to see whether the business can be saved. Hanjin Shipping Co is one of the world’s top ten…
Two industrial companies owned by a Kettering-headquartered specialist investment firm have fallen into administration, Insider can reveal. Hughes Armstrong Industries, which acquires or invests in underperforming British manufacturing companies, has been hit by the administration of Brighouse-based BCI Brewchem Ltd, a manufacturer of steelwork structures used in the food, beverage and water industries, and Halifax…
OAKLAND, Calif. (KGO) — There will be two ships arriving at the Port of Oakland from Hanjin, which declared bankruptcy two weeks ago. One of them, The Hanjin Greece, made its way under the Golden Gate Bridge just after 4 p.m. Wednesday with 450 containers for eager businesses that have been anxiously awaiting their arrival.…
THE ongoing fall-out from tough trading conditions has ensured that many members of Greater Manchesters legal community have had ample opportunity to hone their capabilities when it comes to insolvency and corporate restructuring. Whats more, theyre regularly acting on behalf of the big four accountancy firms. TIER ONE – Addleshaw Goddard is noted for its…
British artist Rebecca Moss thought she was going to spend a few weeks crossing the Pacific Ocean as part of a artists residency, but now the freighter she boarded on August 23rd is stuck floating off the coast of Japan and theres no end in sight for her voyage. The residency, which is sponsored by Access Gallery in Vancouver,…
By Reuters Published: 16:44 +10:00, 14 September 2016 | Updated: 16:44 +10:00, 14 September 2016 e-mail BERLIN, Sept 14 (Reuters) – The number of German companies filing for insolvency fell further in the first half of the year after reaching a record low in 2015, as Europe’s biggest economy enjoys a prolonged upswing, data showed…
The collapse of South Korean company Hanjin Shipping has left ships, cargo and crews stranded around the globe. It highlights the complex consequences of a shipping company going bankrupt, with Hanjins creditors and customers waiting to see whether the business can be saved. Hanjin Shipping Co is one of the worlds top ten container carriers,…
The process to go bankrupt is too easy and does not allow for the debtor to explore all their options. As part of my research I interviewed 29 people who had recently declared bankruptcy. We discussed the process. I found that at least half of the people interviewed did not have to go bankrupt. Going…
Malaysia’s transport minister confirmed for the first time that the pilot of missing Malaysia Airlines Flight 370 had simulated a flight over the remote southern Indian Ocean, where the jet is believed to have crashed. Photo: Zaharie Ahmad Shah Brake fail. Malaysia Airlines’ A330 with damaged door after colliding with the aerobridge at Melbourne Airport.…
Short-seller Jim Chanos said an announced $2.6 billion merger with SolarCity Corp. will make Tesla Motors Inc. a “walking insolvency.” The synergies are questionable at best,” Chanos, who founded hedge fund firm Kynikos Associates, said at the CNBC Institutional Investor Delivering Alpha Conference on Tuesday in New York. He estimated that the combined company, which will…