bankruptcy

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...

American economist James Galbraith explains in his latest book the Plan B for Greece that was drafted last year by former Greek finance minister Yanis Varoufakis in the event bailout negotiations failed. In his book, "Welcome to the Poisoned Chalice:...

Greek family business, Mamidoil Jetoil, is the latest in a chain of companies filing for bankruptcy according to article 99 of the Bankruptcy Code. The company dealing in storage, transport and trade of petroleum-based products in Greece and the...

Greek supermarket chain Marinopoulos won temporary protection after applying for bankruptcy. The court decided to protect the privately-owned group from creditor foreclosures until September 21 when its petition for a resolution process is judged. Marinopoulos' management views the decision as...

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an article of Greece's bankruptcy code. Speaking at the IMF Bi-Weekly press briefing, Rice was asked...

The end of an era has come for Marinopoulos, one of Greece's largest supermarket chains, that filed for bankruptcy on Tuesday following a domino of events after mounting pressure from suppliers owed a large sum of money and creditor...

Last-ditch efforts to save Greece's private Mega channel from bankruptcy paid off on Wednesday with an agreement between shareholders reached at the eleventh hour. Shareholders reportedly agreed to put up three million euros within a week so as to...

Unfortunate news for Mega Chanel, as information released from Newpost, reported that the end of the channel's era was decided earlier in Tuesday's meeting with the board of directors of Teletypos SA. During the meeting, Theoharis Filipopoulos withdrew his proposal to...

Electroniki Athinon S.A., one of Greece's largest home appliances and electronics chain, announced on Wednesday that it has filed for bankruptcy after 66 years of operation. The High Court of Athens with the number 267 / 13.04.2016 decision declared the...