TEHRAN, Jan 27-When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their bad loans and create a dynamic market in restructured debt.
News ID: 34596 Publish Date : 2019/01/27
TEHRAN, Jan 14- PG&E Corp (PCG.N) Chief Executive Geisha Williams has stepped down, the company said on Sunday, as pressure from potentially crushing liabilities linked to catastrophic wildfires have pushed the California utility owner to the financial brink and prompted it to make bankruptcy preparations.
News ID: 34062 Publish Date : 2019/01/14
TEHRAN, October 15 - Sears Holdings has filed for Chapter 11 bankruptcy and will close nearly 150 stores by the end of the year, the iconic retailer announced Monday.
News ID: 30229 Publish Date : 2018/10/15
TEHRAN, October 15 - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated US malls but has withered in the age of internet shopping.
News ID: 30211 Publish Date : 2018/10/15
TEHRAN, February 12 -Takata Corp’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its viable operations, according to court papers.
News ID: 19212 Publish Date : 2018/02/12