Bankruptcy


Toys R Us Files for Chapter 11 Reorganization

Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations. A statement by the Wayne,…

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German Carrier Air Berlin Filing for Bankruptcy

Germany’s second-largest carrier, Air Berlin, is filing for bankruptcy protection after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available. The loss-making airline said Tuesday…

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Takata Bankruptcy Expected Monday in Japan, U.S.

Drowning in a sea of lawsuits and recall costs, Japanese air-bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Takata was…

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Sources: Westinghouse to File for Bankruptcy Tuesday

U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into…

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The Lehman Moment Still Is With Us

Today [September 15, 2016] is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Senator…

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