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South African Airways resumes flights after bankruptcy

Posted by Lilian Osigwe
|Date: September 23, 2021
| 0 comments

South African Airways resumes flights after bankruptcy

South Africa’s embattled national airline has flown its first plane since March 2020; after emergi ...

South Africa’s embattled national airline has flown its first plane since March 2020; after emerging from bankruptcy proceedings. Passengers on the South African Airways (SAA) flight fro ...

September 23, 2021
| by Lilian Osigwe

| 0 comments

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Forever 21: Women’s apparel retailer files for bankruptcy

Posted by Daniel Oduma-Jato
|Date: September 30, 2019
| 0 comments

Forever 21: Women’s apparel retailer files for bankruptcy

The California-based, private and family-held retailer that helped earlier popularize fast fashion in the ...

The California-based, private and family-held retailer that helped earlier popularize fast fashion in the United States said on Sunday night that it would file for bankruptcy. Forever 21 will cease op ...

September 30, 2019
| by Daniel Oduma-Jato

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Aigle Azur: Hundreds out of work as France’s second biggest airline collapses

Posted by Daniel Oduma-Jato
|Date: September 29, 2019
| 0 comments

Aigle Azur: Hundreds out of work as France’s second biggest airline collapses

The second biggest airline in France has closed down. It failed to find new investors, leaving hundreds o ...

The second biggest airline in France has closed down. It failed to find new investors, leaving hundreds out of work. Aigle Azur had about 1.9 million passengers in 2018; but was forced to file for ban ...

September 29, 2019
| by Daniel Oduma-Jato

| 0 comments

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OxyContin maker, Purdue Pharma has filed for bankruptcy

Posted by Daniel Oduma-Jato
|Date: September 16, 2019
| 0 comments

OxyContin maker, Purdue Pharma has filed for bankruptcy

Purdue Pharma filed for bankruptcy with a more than US$10 billion (NZ$15.6 billion) plan to settle claims ...

Purdue Pharma filed for bankruptcy with a more than US$10 billion (NZ$15.6 billion) plan to settle claims that it fuelled the US opioid epidemic by illegally pushing sales of its addictive OxyContin p ...

September 16, 2019
| by Daniel Oduma-Jato

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Titanic shipyard to file for bankruptcy

Posted by Daniel Oduma-Jato
|Date: August 06, 2019
| 0 comments

Titanic shipyard to file for bankruptcy

The iconic Northern Ireland shipyard, known for building the Titanic, is about to go into bankruptcy. Bri ...

The iconic Northern Ireland shipyard, known for building the Titanic, is about to go into bankruptcy. British authorities have named an administrator to oversee the restructuring at Harland and Wolff, ...

August 06, 2019
| by Daniel Oduma-Jato

| 0 comments

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Cover your bases when buying distressed properties in U.A.E

Posted by Daniel Oduma-Jato
|Date: May 15, 2019
| 0 comments

Cover your bases when buying distressed properties in U.A.E

Assets often become distressed because of the operational and financial difficulties faced by the owner o ...

Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create op ...

May 15, 2019
| by Daniel Oduma-Jato

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PG&E Corp intensifies preparations for bankruptcy proceedings after California wildfire

Posted by Daniel Oduma-Jato
|Date: January 14, 2019
| 0 comments

PG&E Corp intensifies preparations for bankruptcy proceedings after California wildfire

PG&E Corp, the California based utility owner is in talks with lenders about a multibillion-dollar ...

PG&E Corp, the California based utility owner is in talks with lenders about a multibillion-dollar financing package to help it through bankruptcy proceedings. Reports from different quarters sh ...

January 14, 2019
| by Daniel Oduma-Jato

| 0 comments

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Sears Holdings Chairman Makes $4.4bn Takeover Bid To Save Bankrupt Retailer

Posted by Daniel Oduma-Jato
|Date: December 29, 2018
| 0 comments

Sears Holdings Chairman Makes $4.4bn Takeover Bid To Save Bankrupt Retailer

Sears Holdings Corp Chairman Eddie Lampert has made a $4.4 billion takeover bid for the bankrupt ...

Sears Holdings Corp Chairman Eddie Lampert has made a $4.4 billion takeover bid for the bankrupt U.S retailer in a last-ditch effort to avert the almost certain pall of liquidation it faces. ...

December 29, 2018
| by Daniel Oduma-Jato

| 0 comments

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Top Sears Executives To Get Bonuses Worth $19m In Bankruptcy Filing

Posted by Daniel Oduma-Jato
|Date: November 19, 2018
| 0 comments

Top Sears Executives To Get Bonuses Worth $19m In Bankruptcy Filing

Bankrupt US Retail giant Sears is seeking court approval to pay as much as $19 million in quarterl ...

Bankrupt US Retail giant Sears is seeking court approval to pay as much as $19 million in quarterly bonuses even as it attempts to restructure its business. Top executives stand to benefit if t ...

November 19, 2018
| by Daniel Oduma-Jato

| 0 comments

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SEARS, US Retail Giant Files For Bankruptcy

Posted by Kingsley Alaribe
|Date: October 16, 2018
| 0 comments

SEARS, US Retail Giant Files For Bankruptcy

Sears, the 132-year-old company that was once a dominant retail chain that changed how Americans shopped ...

Sears, the 132-year-old company that was once a dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy. The company had been struggling for several years and was ...

October 16, 2018
| by Kingsley Alaribe

| 0 comments

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