Nick Griffin is officially bankrupt! A bankruptcy order was made at Welshpool County Court on Thrusday declaring the BNP leader as bankrupt. Mr Griffin tweeted: “Being bankrupt does NOT prevent me being or standing as an MEP. It does free me from financial worries.” He added: “I am now turning the experience to the benefit of hard-up constituents by producing ... Read More »
Companies tend to go bankrupt for various reasons ranging for changing market environments to improper management. Companies also tend to disappear or file for bankruptcy when they can no longer handle this hurdles. We have compiled a list of 10 companies that are facing such kind of problems and might just go-away in the year 2014. 1. J.C. Penney J.C. ... Read More »
Revel, the glittering new casino that was opened for business just back in April 2013 has filed for bankruptcy. Revel is the newest casino in Atlantic City, New Jersey, after much delays it finally opened it’s door for business last year. In less than a year it has gone bankrupt. The new casino said that it would file for Chapter ... Read More »
Looks like everyone favorite Twinkies is in trouble. The makers of Twinkies, Hostess is seeking bankruptcy protection as the company is struggling to make ends meet. Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. In its filing with the U.S. Bankruptcy ... Read More »
American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labor deal with pilots and suffering from mounting fuel costs. AMR had been the only major U.S. carrier to avoid bankruptcy in the past decade. Its rivals used bankruptcy to restructure their labor agreements and cut costs. That left AMR, the third-largest ... Read More »
Blockbuster one of the biggest DVD and games rental company has gone bust in US. They seems they cannot handle any more loses and finally filed for bankruptcy. The Dallas, Texas-based company said it had made the decision as part of attempts to cut its debts and restructure the business. Agreements with its creditors will allow it to cut its ... Read More »
The worlds biggest gold coin is on sale thanks to the bankruptcy. The coin is 53 cms in diamater and its made up of pure gold. The coin’s initial value is 1 million dollars. But organizers believe that it may fetch 4 million dollars. It goes on sale on June 25. To see the video on this Large Gold ... Read More »
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