Jan 28, 2015

Skymark to file for protection from creditors

Struggling Skymark Airlines Inc. will file for protection from creditors at the Tokyo District Court, sources familiar with the matter said on Wednesday. The airline planned to make a formal decision on the matter at an extraordinary board meeting later in the day, the ...

Dec 16, 2014

Late Japanese architect Kurokawa's firm files for bankruptcy

The office of the late Japanese architect Kisho Kurokawa, known for his grand futuristic designs in projects including Kuala Lumpur International Airport, filed for bankruptcy protection on Monday. Kurokawa’s works include Amsterdam’s Van Gogh Museum, described as a bridge between Western rationalism and Eastern ...

Nov 26, 2014

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world’s largest bitcoin exchange before it collapsed in bankruptcy this year. Kraken, Payward’s bitcoin exchange, will assist Mt. Gox’s ...

Judge approves bankruptcy exit plan for Detroit

Nov 8, 2014

Judge approves bankruptcy exit plan for Detroit

A judge cleared Detroit to emerge from bankruptcy Friday, approving a turnaround plan that will require discipline after years of corruption, mismanagement and an exodus of residents brought this one-time industrial powerhouse to financial ruin. “What happened in Detroit must never happen again,” Judge ...

Dallas tycoon Wyly files for bankruptcy protection

Oct 22, 2014

Dallas tycoon Wyly files for bankruptcy protection

Prominent Dallas businessman Samuel Wyly has filed for bankruptcy protection as he and the estate of his brother face up to $400 million in penalties after being found liable for hiding stock holdings overseas. Wyly filed a bankruptcy petition in federal district court in ...

Jun 18, 2014

Mt. Gox gets bankruptcy OK

Mt. Gox Co., once the world’s largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to the Japanese investigation into the disappearance of 650,000 units of the digital currency. U.S. Bankruptcy Judge Stacey G. Jernigan said Tuesday in Dallas she ...

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Apr 8, 2014

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Mt. Gox Co. principal Mark Karpeles is beyond the reach of a U.S. court where he and the bankrupt bitcoin exchange are being sued for consumer fraud by two American depositors, his attorney told a federal judge. Karpeles and Tibanne KK, another of his ...

Nov 28, 2013

Jeans maker Edwin files for rehab

Jeans maker Edwin Co. has filed for an out-of-court procedure to rehabilitate its business through a private-sector intermediary, a credit research agency and lawyers said Wednesday. Following its fiddling of accounts to conceal its losses from derivatives transactions, the largest jeans maker in Japan ...

Oct 17, 2013

Government disinclined to prod Tepco into bankruptcy: Abe

The government will not force Tokyo Electric Power Co. into bankruptcy despite the massive costs it faces because of the Fukushima No. 1 nuclear plant meltdown disaster, Prime Minister Shinzo Abe indicated Thursday. Tepco “should steadily implement compensation, scrap (the crippled) reactors, deal with ...