Few middle-class Americans undergoing Chapter 13 bankruptcy blame the government. They portray themselves as hardworking victims and resent others for taking more than their fair share.
While declaring bankruptcy, the gun group confusingly said it was in great financial shape.
Grocon as a construction business might be on its last legs, but Grocon as a property development and landlord business should be fine.
The new rules will allow insolvent small businesses to keep trading rather than go straight into administration.
As a former financial counsellor and former consumer credit educator for ASIC, here's what I think you need to know if you're considering mortgage deferral, rent relief or bankruptcy.
Bankruptcy is meant to offer breathing space to struggling companies, but it may not be enough given the unpredictable nature of the pandemic.
They stumble around, baying for assistance, hoping to drink the lifeblood of other companies' financial aid.
The bankruptcy system has always been difficult to navigate, especially for minorities and other vulnerable groups. The pandemic is making it a lot harder.
This reorganization may provide roadmaps for other nonprofits to follow if they face abuse allegations in the #MeToo era.
Distress is normally identified when a company is no longer profitable, when it's not a going concern anymore, when it has major problems.
Customers, cities and investors are all eager for a piece of PG&E, but it isn't the only US utility that may have new owners soon.
Economic and political trends are driving a shift away from coal. What kind of assistance do coal workers and communities need?
A bankruptcy filing always means there's not enough money to go around, but the process ensures both debtors and creditors are protected.
While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of 'get of jail free card,' the reality of the legal procedure is more complicated.
Once-leading firms such as Chrysler, Citigroup, Dunlop and Nokia have one thing in common: they failed. While each case seems unique, research points to key processes that lead to corporate failures.
OxyContin maker Purdue has reportedly been mulling a bankruptcy filling, just as the first of around 2,000 lawsuits against it prepares to go to trial.
These reorganizations may provide roadmaps for other nonprofits to follow if they face abuse allegations in the #MeToo era.
Research on bankrupts illustrates the contrasting financial fortunes of older Australians.
A lucky South Carolinian came forward to claim the $1.5 billion Mega Millions jackpot. Academic research has some suggestions about what the winner should do next.
The lottery’s jackpot has swelled to that eye-watering sum, but research suggests hopeful ticket holders should be careful what they wish for.