Bankruptcy

Flybe cancels all flights after filing for bankruptcy the second time

An Interpath spokesperson confirmed that 45 out of Flybe’s 321 employees had been retained for the time being.

Rishi Sunak's 100 days as UK PM: Strikes, rebellion, sleaze claims leave conservative leader little to celebrate

After 100 days as prime minister, Rishi Sunak has little to celebrate as double-digit inflation fuels a winter of misery for many Britons. Strikes forced the closure of schools, railways, and other public sectors, with the Opposition portraying the wealthy premier as ‘weak’ and out of touch

Bed Bath & Beyond looking for capital infusion, buyers ahead of expected bankruptcy filing

Bed Bath & Beyond has been working with strategic advisers in order to evaluate all paths for regaining market share and enhancing liquidity

Mass layoffs, not paying office rent, auctioning items: How Elon Musk is cutting costs at Twitter

Elon Musk bought Twitter for a whopping $44 billion. Now, the 51-year-old ‘Chief Twit’ is adopting numerous cost-cutting measures in an effort to stave off the company’s bankruptcy

After FTX crash, ordinary crypto investors left wondering what happens next

Small investors who piled into cryptocurrencies on FTX, BlockFi, and other platforms were well aware of bitcoin's volatility and large price swings. But what has come as a big surprise is that the firms where they deposited their money lacked the basic protections offered by a brokerage or a bank

Downfall of FTX head, Sam Bankman-Fried, sends shockwaves through crypto world

Under Bankman-Fried, FTX quickly grew to be the third-largest exchange by volume. The stunning collapse of this nascent empire has sent tsunami-like waves through the cryptocurrency industry, which has seen a fair share of volatility and turmoil this year

How Revlon revolutionised the cosmetics world

Once a cosmetics juggernaut, Revlon on Thursday filed for bankruptcy to manage its debt, which it said stood between $1-10 billion

Fuel price hike necessary to avoid bankruptcy, says Pakistan's Shehbaz Sharif

Sharif also blamed the previous government for the current hike in petroleum as it has committed with the IMF for this increase

World Bank ready to provide emergency support to Sri Lanka, says report

Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948

Former Wimbledon winner Boris Becker 'embarrassed' by bankruptcy

Becker was declared bankrupt in June 2017 and is currently on trial accused of failing to hand over assets including nine trophies and medals from his glittering tennis career