World facing bankruptcy time bomb: study

Governments around the world are scrambling to save companies battered by coronavirus lockdowns but the world is nevertheless facing a massive surge in bankruptcies by a third, a study conducted by a trade insurance firm ...

Trump administration eases Obama-era rules on coal pollution

The Trump administration accelerated the pace of its environmental rollbacks for the country's coal-fired power plants Monday, proposing to weaken two Obama-era rules aimed at cleaning up dangerous heavy metals and ash from ...

page 1 from 17

Bankruptcy

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).

This text uses material from Wikipedia, licensed under CC BY-SA