Posted in Bankruptcy Proceedings

Alitalia Faces Bankruptcy Proceedings After Recapitalization Strategy Denial

Alitalia is starting personal bankruptcy procedures after its employees turned down a EUR2 billion recapitalization strategy that included task and also pay cuts. The carrier has started the process of naming a manager, the firstservice provider has started the process of naming a manager, the action in personal bankruptcy reorganization. The process can end with […]

Alitalia Kicks Off Insolvency Proceedings, Government Gives Loan

SUBMIT PICTURE: An airplane of Alitalia is seen at the Leonardo da Vinci-Fiumicino Airport terminal in Rome, Italy, April 28, 2017. REUTERS/Tony Gentile/File Image

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Port Establishes Strategy To Return Stranded Hanjin Shipping Containers To Asia

Countless vacant delivery containers, stranded in Southern California after the bankruptcy of South Korean sea service provider Hanjin Shipping Co., could now have a means to getto obtain back to Asia. The Port of Long Beach and Overall Terminals International LLC– which runs port terminals for Hanjin, including its Southern California procedure in Long Beach– […]

DirectBuy Proclaiming Personal Bankruptcy

MERRILLVILLE – Merrillville-based DirectBuy states it intends to continue to run as it navigates insolvency process. Our companions at The Times of Northwest Indiana report the membership-based seller is offering itself to yet-to-be-identified creditors.The firm was launched in 1971 and also owner Jim Gagen marketed it to Trivest Allies, an exclusive equity firm, in 2007. […]

West Frankfort Female Sentenced For Personal Bankruptcy Scams

“Individuals who hide their assets throughout insolvency procedures use the federal court system to defraud their creditors,” Boyce said in the release. “Our workplace will continue to prosecute those who undermine the stability of our Bankruptcy Courts.”