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FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code

FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code

Calling for time-bound implementation of the Insolvency and Bankruptcy Code (IBC) 2016, Finance Minister Arun Jaitley on Tuesday directed senior officials of his ministry to take "immediate action" on the key requirements of the legislation.

Kylie Jenner is broke?

Kylie Jenner is broke?

Reality TV star Kylie Jenner is reportedly on the verge of bankruptcy mainly due to bad investment in her cosmetic line.

Meet ROSS, world's first 'RoboLawyer' who'll look after bankruptcy!

Meet ROSS, world's first 'RoboLawyer' who'll look after bankruptcy!

The machine is designed to understand language, provide answers to questions, formulate hypotheses and monitor developments in the legal system.

Lok Sabha passes Insolvency and Bankruptcy Bill

Lok Sabha passes Insolvency and Bankruptcy Bill

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

JPMorgan Chase pays $1.42 bn to settle most of Lehman Bros suit

JPMorgan Chase has agreed to pay USD 1.42 billion to settle most of the litigation relating to the bankruptcy of Lehman Brothers, according to court documents.

SBI says bankruptcy code can't solve all problems for banks

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

Rapper 50 Cent says he`s broke after losing lawsuit

He calls himself 50 Cent, but the hip-hop mogul says he may not be worth even that.

The rapper known for the album and movie "Get Rich or Die Tryin`," filed for bankruptcy protection Monday as he faced a hefty payout in a lawsuit related to a sex tape.

Sole US rare-earths miner Molycorp files for bankruptcy

Molycorp, the sole US miner and producer of rare earth elements crucial in high-tech manufacturing, filed for bankruptcy protection on Thursday as it struggles with a mountain of debt.

Lee Ryan files for bankruptcy

Lee Ryan files for bankruptcy

Singer Lee Ryan has become the fourth and final member of Blue to file for bankruptcy.

Man kills judge, 2 others on rampage through Milan courthouse

A trial defendant shot dead a judge and two others on Thursday on a rampage through a Milan courthouse, casting a harsh spotlight on public security measures that Italy tightened earlier this year.

Brazil builder with ties to Petrobras files for bankruptcy

Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.

Cyprus won`t need full EU bailout package: minister

Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy recovers faster than expected, the country`s finance minister told AFP.

Bailed-out Cyprus eyes return to normal borrowing this year

Cyprus hopes to borrow on financial markets this year, its finance minister told Reuters on Thursday, saying the island`s economy had more in common with bailout turnaround Ireland than Greece.

RadioShack gets court approval for interim bankruptcy loan

Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.

Western powers say Libya risks bankruptcy as oil price falls

 The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall.

Passion for acting helped me rise from bankruptcy: Big B

Passion for acting helped me rise from bankruptcy: Big B

Megastar Amitabh Bachchan has seen highs and lows in his journey from being Bollywood's "angry young man” to its "Shahenshah”. The actor says his determination and focus helped him emerge from the brink of bankruptcy.

Singer Ginuwine close to declaring bankruptcy

Singer Ginuwine close to declaring bankruptcy

R&B star Ginuwine is on the verge of bankruptcy, his lawyer has revealed.

Judge in Apple supplier's bankruptcy questions need for secrecy

The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.

GT Advanced bankruptcy offers warning to Apple suppliers

The financial implosion of Apple Inc supplier GT Advanced Technologies Inc this week offers a dramatic illustration of how the iPhone maker can put the screws to suppliers willing to take a short-term risk for future riches.

Key hearing on Detroit's historic bankruptcy begins in US court

Detroit made history nearly 14 months ago when it filed the biggest-ever Chapter 9 municipal bankruptcy. The confirmation hearing to determine if the city`s plan to exit bankruptcy is fair and feasible began on Tuesday and is scheduled to stretch through Oct. 17.