Genetic testing company 23andMe has declared bankruptcy. What does it mean for the genetic data of 15 million people who had paid to find out about their heritage and what could third parties do with...
WeWork has filed for bankruptcy, a remarkable turnaround in the fortune of a firm that commanded a valuation of $47 billion just a few years back. Does the crash of the coworking pioneer spell the...
Vice was known for edgy news and lifestyle content, with a digital-first model that disrupted the traditional media landscape. Vice Media has become the latest digital media company to falter after a meteoric rise. The...
China Evergrande, once the country’s second-largest real estate developer, is drowning in debt. Some 1.5 million people have put deposits on new homes that have yet to be built. A collapse could be catastrophic. Property...
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-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 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....
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...
