Bankruptcy
Hungary’s Malev airline collapsed
February 03, 2012The Hungarian Airline Malev shut down its activity after huge financial loses. The airline has announced on its official website that as of today, no more flights will be operated. “Based on the Board of Directors’ decision Hungary&rsquo...
Investprivatbank's depositors apply for the return of their money
July 01, 2009The branches of the commercial bank which is under liquidation, Investprivatbank, today started receiving applications from depositors to return the full amount of deposits, including the interest rate, during two or three days. Thus, the depositors...
Moldova: Legislative amendments in banking sector
June 30, 2009Before being dissolved, the Parliament has approved amendments to the Law on Financial Institutions and law on guaranteeing of deposits of individuals. The amendments are likely welcome, as they would give fuel to thoughts of majority of domestic bank...
Moldova: CEO, other bankers at Investprivatbank arrested
June 23, 2009The president of the bankrupt bank ‘Investprivatbank’, Ivan Carpalov, was arrested on Monday, 22 June, together with other employees of the bank. They are suspected of the violation of ‘legislation on crediting rules’. &lsquo...
Moldova: Investprivatbank to be purchased by Banca de Economii
June 23, 2009The Government is willing to purchase the bankrupt Investprivatbank through Banca de Economii where the state holds the majority shares. According to the information distributed by the Government’s press service, Banca de Economii is to purchase...
789 Chrysler Dealerships Closing in U.S.
May 15, 2009Chrysler filed a motion in the US Bankruptcy court in New York where it said it intends to close down 789 dealerships (see map with locates) by June 9 because most of the dealers were reporting low sales and the major bulk of sales were coming from 5...
Bankruptcy hurts small publishers
January 29, 2007The bankruptcy of Publishers Group West, a book distributor based in California, is a major headache for small publishers. The shutdown deprives imprints like McSweeney's and Parallax Press of the company that helped them get their books into major...