Latest news and articles about bankruptcy from NEX English
Germany is experiencing unprecedented levels of corporate bankruptcies, with figures in the first quarter of 2026 reaching their highest in 20 years. This situation indicates a worsening crisis in the construction and trade sectors.
The Spanish Supreme Court has granted a new opportunity to a COVID-19 victim, ruling that his debts were incurred while helping his family during the pandemic. The man, whose debts exceeded <strong>20,242 euros</strong>, is now allowed to benefit from the Second Chance Law.
Alenia, a French furniture manufacturer, has declared bankruptcy, putting approximately <strong>1,200 jobs</strong> at risk. This decision follows the rejection of a sole rescue offer by management and employees.
First Brands Group, a leading auto parts manufacturer, has announced its agreement to sell 12 of its prominent brands for $25 million following significant financial difficulties that led to its bankruptcy and loss of key clients.
A federal judge has approved Multi-Color Corp's request to draw the remaining $250 million of its loan under Chapter 11, allowing the company to continue its financial operations. However, the judge rejected a controversial feature that would have prioritized certain debts for repayment.
A 72-year-old man faces a financial crisis after his company declared bankruptcy, jeopardizing his carefully planned retirement. This unexpected turn highlights the complexities of financial planning and its impact on seniors.