The UK has been talking to administrators about next steps for Thames Water as it intensifies preparations for a possible form of temporary nationalization, according to people familiar with the ...

The family-owned clothing retailer plans to close 33 stores and slash rents at 71 more if it can secure creditors’ backing ...

The high-end fashion retail sector has faced economic challenges since the Covid-19 pandemic temporarily shut down the ...

The rise in employers' costs is compounding the impact of lacklustre economic growth, high borrowing costs and fragile ...

I N ONE OF his final acts of global engagement, Pope Francis convened a Jubilee Commission of experts—including ourselves and ...

A South Korean court approved on Friday grocery retailer Homeplus's plan to sell the struggling company, in a move that the ...

The Treasury reported that R10.8 billion (2.6%) of the total debt was written off as bad debt, reflecting municipalities' ...

Attorney fees can be a bit of a wild card when you’re filing for bankruptcy. While some attorneys charge a flat rate for ...

Imagine this scenario: Jamie learned his 72-year-old mother had racked up $150,000 in credit card debt. The revelation came ...

Chapter 11 is basically a bankruptcy plan that allows businesses to restructure debts and stay open. In this type of bankruptcy, the debtor retains ownership of their assets, and the repayment plan ...

Protecting Your Assets By Tyler W. Humphrey, Esq. Protecting your assets is not just a matter of securing wealth for the next ...

Foreign companies in Vietnam must follow specific legal steps for recovery, insolvency, or voluntary dissolution.