AMERICAN footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than US$1 billion, the company...

[LARNACA, Cyprus] Cypriot low-cost carrier Cobalt Air announced it was cancelling all flights from Thursday after just two years in operation, leaving passengers stranded and scrambling to get their...

A SEARS liquidation would cost its real estate spinoff 47 per cent of its annual rent income, or about US$84 million in cash flow, according to regulatory filings.

[NEW YORK] Sears Holdings is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under US bankruptcy protection,...

[NEW YORK] Time is running out for Sears, the retailer's largest investor and chief executive warned on Monday...

PARLIAMENT

AN omnibus Bill that consolidates personal and corporate insolvency and debt restructuring laws into a single piece of legislation was tabled for first reading in Parliament on Monday.

A DEADLINE set by India's central bank to restructure an estimated 3.6 trillion rupees (S$70.1 billion) of stressed loans may push dozens more companies into bankruptcy...

[NEW YORK] For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.

INDIA'S new bankruptcy law has instilled fear among delinquent borrowers and prompted several reluctant founders to repay outstanding debt due to the risk of losing their company, according to...