bankruptcy

On April 23, 2010, Greece entered the bailouts era by asking its EU partners and the IMF to rescue its economy that went bankrupt. The dramatic call for help was made from the tiny Aegean island of Kastellorizo by then...

Cryptocurrency exchange FTX filed for bankruptcy in the US on Friday, seeking court protection as it looks for a way to return money to users. Former boss Sam Bankman-Fried has also stepped down as chief executive, the company said. It...

The Greek authorities are planning to introduce to the country's judicial system the institution of individual insolvency, in which a person is able to declare bankruptcy, liquidate his or her property and receive a second chance in life, free...

Greek Prime Minister Alexis Tsipras has unleashed a barrage of promises to voters very much like those that brought him to power in 2015. With European Parliamentary and local governmental elections approaching in May, and national elections looming in autumn,...

Primera Air, a Danish leisure airline with flight services from Northern Europe to more than 40 destinations in the Mediterranean, Middle East, and North America, declared bankruptcy on Monday, leaving hundreds of tourists stranded on the Greek islands without...

The possibility of bankruptcy that is to be discussed at an extraordinary board meeting of the Greek tobacco industry SEKAP, is scheduled for Thursday. SEKAP; which is owned by Russian-Greek investor Ivan Savvidis, has been asked by a Komotini Court...

One of the youngest self-made millionaire women in the world, Sophia Amoruso, may see her fortune decline as her groundbreaking clothing company Nasty Gal files for bankruptcy. Amoruso founded the company at the suprisingly young age of 22; at 32...

Austerity measures implemented in Greece as part of its long haul towards redemption have caused social and economic upheaval in the country. Regardless of the cause of the crisis, here are the results of the belt-tightening since 2009 in...

The name of 13,730 big government debtors were published on the internet, however many of the names of companies on the list have either been sold off, closed down or wiped off their debts.The same list had been publicized...

The July 5 referendum a year  ago and subsequent worsening of an already strained market climate for Greece has brought one business closure after another with a new wave of bankruptcies. Warning sirens were sounded for 15,409 businesses in...