Jetoil: Another Greek Business Files For Bankruptcy

Greek household business, Mamidoil Jetoil, is the newest in a chain of companies filing for bankruptcy according to post 99 of the Bankruptcy Code. The business handling storage, transport and trade of petroleum-based products in Greece and the Balkans was established at completion of the Sixties by 3 siblings Kyriakos, George and Nick Mamidakis. The…

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Is Bankruptcy Such A Horrible Concept For Chicago?

Is bankruptcy such a dreadful concept for Chicago? Few words get the interest of political leaders, bankers, investors and workers like bankruptcy does. When unimaginable, the idea of Chicago filing for bankruptcy is becoming less far-fetched as the city looks down the barrel of $25 billion in pension responsibilities that it cant satisfy. The topic…

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Brazil Judge Grants 180-day Stay For Oi In Record Bankruptcy Case

SAO PAULO Shares of Brazilian telecom company Oi SA recuperated on Wednesday after a judge weighing the countrys biggest-ever bankruptcy filing gave a 180-day stay of more legal actions while he considered the benefits of the case.Oi likewise got a ruling in the United States where a tribunal approved its request for Chapter 15 bankruptcy…

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Gawker Media Files For Bankruptcy, Setting Up Possible Sale

We anticipate the possibility of adding these excellent brand names and the gifted people who support them to the Ziff Davis household, wrote Ziff Davis CEO Vivek Shah in a memo dispersed to his company. Declare bankruptcy protection was largely expected when Gawker lost its previous bid to appeal that decision. Investment bank Houlihan Loukey…

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