Bankruptcy

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  • Bankruptcy, Frozen Assets, Cargo Ships Marooned | Ripple Effects for Retail Industry - including Fishing

    Bankruptcy, Frozen Assets, Cargo Ships Marooned | Ripple Effects for Retail Industry - including Fishing

    South Korean cargo giant Hanjin Shipping Company filed for bankruptcy on Wednesday, leaving cargo ships marooned across the globe.

  • Sports Authority Files Chapter 11

    Sports Authority Files Chapter 11

    Englewood, Colorado-based Sports Authority has filed for Chapter 11 bankruptcy protection. The company says it will close or sell 140 of the 463 stores located in 41 states and Puerto Rico over the next three months. It also says they will continue to run stores on normal schedules, sell on its websites and honor warranties on items purchased at its stores or online. The company says it expects to have sufficient liquidity during the Chapter 11 process based on cash from operations and anticipated access of up to $595 million in debtor-in-possession (DIP) financing