Since mid-2023, bankruptcies of registered firms are higher than before the pandemic. Due to the current recession and the need to repay government support, the number of bankruptcies will rise until the end of 2023 and likely beyond.MüllerSteffen...
U.S. corporate bankruptcies are rising in 2023, with the first two months of the year registering the highest total for any comparable period since 2011, according to S&P Global Market Intelligence data. Companies filed 57 bankruptcy petitions in ...
While corporate bankruptcies remain historically low thus far, companies could struggle to pay or refinance their debts next year. For example, Carvana’s revenues fell sharply in 2022 while spending on interest payments soared. With its stock down 90%, it’s easy to see why its bonds are tr...
Bankruptcies at 516 filings this year is just below the level witnessed in the first three quarters of 2020 when the U.S. economy suffered through a short but deep recession.
Prior to the establishment of bankruptcy courts, bankruptcies were adjudicated in local civil courts, which could be inefficient and subject to local interference (Henderson, 2007, Li and Rao, 2022). Academics and the World Bank have noted that the bankruptcy process for Chinese companies is 50 ...
financial transparency and aid in anti-money laundering efforts, and there are significant ramifications for privacy and compliance considerations for a wide range of businesses, including certain private fund sponsors. For a broader view of the CTA, please see our alert dated 15 August 2023. ...
This has resulted in an immense drag on the revenues and cash flows that may lead to a significant increase in corporate bankruptcies. In this paper, we investigate the impact of Covid-19 on the solvency profile of the firms in the EU member states. We introduce multiple stress scenarios ...
thatapproximately 41 percentof all working age Americans either have medical bill problems or are currently paying off medical debt, and according to a report published in The American Journal of Medicine medical bills are a major factor inmore than 60 percentof the personal bankruptcies in the ...
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and bankruptcies among struggling French automotive suppliers. This article will explore why these efforts were unsuccessful by revisiting the first Japanese attempts to enter the European automobile industry. It does so not only through the case of Nissan in the United Kingdom in 1984 but also thro...