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American Airlines, filed for bankruptcy today, causing the company's stock to go into free fall and prompting speculation about a possible merger with US Airways.

Dynegy, Inc. shifted debt and assets to allow subsidiaries to declare bankruptcy while leaving the parent company unscathed, protecting shareholders and angering creditors.

Embattled firm Lehman Brothers has emerged from bankruptcy and should continue to sell off assets in order to return $65 billion to creditors.

For Goldman Sachs CEO and New Jersey Mayor Jon Corzine's MF Global filed for chapter 11 bankruptcy protection after costly bets on European debt proved too much for the firm.

While deciding viability of bankruptcy in case you are not able to repay outstanding debts. To help your business & become debt-free you must understand important aspects of bankruptcy to decide if it is the right option for you. The details are given in our site.

The city managers of Stockton and Vallejo discussed the difficulties that a city faces when filing for Chapter 9 bankruptcy.

The provisions of this Insolvency & Bankruptcy Code shall have effect, notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue of any such law.

Eastman Kodak's long-anticipated chapter 11 bankruptcy filing serves perhaps as a cautionary tale of an industry leader resting on its laurels and unable to keep up with innovation.

General Motors Co posted a net loss of $4.3 billion from July to December, the US carmaker said Wednesday in its first earnings report since exiting bankruptcy.

American Apparel filed for bankruptcy protection early Monday, yet another blow to a company that has been struggling for months with increasing debt, & declining sales.

Under the Insolvency and Bankruptcy Code (IBC), M&A deals in distressed asset sales worth around $14.3 billion were done since the code became functional in December 2016, according to data from Kroll and Mergermarket.

Approved Liquidators in UAE From the information that we've given, we here at Farahat & Co recommend that businesses in UAE evaluate the financial position of their companies, devise debt recovery strategies, and formulate credit repayment strategies together with approved UAE liquidators. This may be negotiating short term deferments and increasing length of repayment of debts plans. When a business is still unable in settling its debts, it is always a good idea to seek legal advice and financial advice from experts on the company liquidation process in Dubai UAE. A seasoned liquidator in Dubai will be able to present you with options in dealing with your specific issues and address your business' needs and requirements. We are also able to tailor solutions based on your personal preferences. Call us today to book an Initial Consultation with our team on Company Liquidation in Dubai UAE.

Before you file for bankruptcy, you must consider all these disadvantages especially not being able to apply for loans and reconsider any other option to pay back your debts.

With banks pushing for change in management of loan defaulting companies, that will result in bigger corporate assets which will be available for acquisition at a throw-away price. Stressed assets are in multiple sectors, so M&As are expected to happen in multiple sectors.

Center has set up National Company Law Tribunal (NCLT) on June 1, 2016, to look into cases relating to insolvency and bankruptcy of companies, especially those that have a huge bank debt.

Tata Steel has acquired Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) through a resolution under the Insolvency and Bankruptcy Code (IBC).

Jet Airways will be the first airlines company in the country to go into bankruptcy, as it owes over Rs 8,000 crore to banks and thousands of crores to vendors, lessors and employees.

Does your credit ratings are in bad shape? Missing the payment or filing for bankruptcy has spoiled your credit status which is creating troubles in getting you the loan approval

On early Monday, The Greek government accepted austerity plan required for the state to get additional exterior financial support and avoid a huge bankruptcy.