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"Bankruptcy" tag

Bankruptcy Code, 2016 – Key Developments

A new dawn in India’s Ailing Banking Sector? A quick fix to broken banks? A game changer? Well, these were just a few phrases that described the much celebrated Insolvency & Bankruptcy code (IBC) that...


Brick & Mortar Meltdown: Toys R Us Hires Bankruptcy Law Firm

Brick-and-mortar retail meltdown strikes again – this time, Toys R Us. In what is a classic sign, the company has hired mega law firm Kirkland & Ellis, whose bankruptcy-and-restructuring practice is considered a leader in the now...


Bankruptcy prediction – Z score Distanced from Default Prediction

Bankruptcy prediction was made easy by the use of Altman Z score for more than four decades now. Way back in 1968 that was quite significant, especially since the industry was having mostly manufacturing companies....


Puerto Rico – ‘Greeks’ of the Caribbean

The loss of tax perks and its status as a commonwealth are just two of many reasons for Puerto Rico’s bankruptcy. The island is now hoping that the default will give it leverage to restructure...