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RBI working on system for exit by businesses facing bankruptcy

RBI working on system for exit by businesses facing bankruptcy

Last Updated: Wednesday, July 23, 2014, 15:26

RBI has started working on an enabling system for banks that will help those entrepreneurs seeking an honourable exit from unattractive ventures.

Failed bitcoin exchange Mt Gox gets US bankruptcy protection

Last Updated: Wednesday, June 18, 2014, 09:51

The company filed for Chapter 15 bankruptcy protection in March.

Bitcoin traders settle class actions over failed Mt Gox exchange

Last Updated: Tuesday, April 29, 2014, 11:05

Once the world`s biggest bitcoin exchange, Mt. Gox is slated to be liquidated after the Tokyo District Court granted the company`s request to abandon plans to revive its business.

Tokyo court starts Mt. Gox bitcoin bankruptcy proceedings

Last Updated: Thursday, April 24, 2014, 18:03

Bankruptcy proceedings began today for the Mt. Gox bitcoin exchange, a move that was widely expected after the Tokyo District Court decided earlier this month that the company would not be able to resurrect itself.

IMF extends $14-18 bn rescue to Ukraine, tied to reforms

Last Updated: Thursday, March 27, 2014, 17:05

The IMF announced on Thursday a USD 14-USD 18 billion bailout for Ukraine to avoid bankruptcy but tied to painful and unpopular reforms amid the country`s escalating standoff with Russia.

''Bankrupt'' exchange Mt. Gox finds 200,000 ''lost'' bitcoins in old wallet

Last Updated: Saturday, March 22, 2014, 16:00

The company located 200,000 bitcoins worth around 485 million dollars in one of its old wallets.

Ex-accountant slams Rihanna

Last Updated: Friday, March 21, 2014, 16:16

Rihanna`s ex-accountant Peter Gounis has claimed that the R&B star spent her money on shopping and extravagant parties, which gave her financial troubles.

Cyprus scrambling back from the brink of bankruptcy

Last Updated: Friday, March 14, 2014, 09:07

A year after a financial earthquake shattered years of prosperity in Cyprus, an austerity plan has put the eastern Mediterranean island back on track despite the bitter pill of rising unemployment.

China firm in landmark bond default to sell assets

Last Updated: Tuesday, March 11, 2014, 13:25

The first company in China to default on a corporate bond said today it would sell assets in a bid to meet interest payments as possible bankruptcy looms.

Mt. Gox files US bankruptcy, opponents call it a ruse

Last Updated: Tuesday, March 11, 2014, 09:57

Mt. Gox filed for bankruptcy in Japan last month after it said it may have lost 750,000 of its customers` bitcoins as part of an attack by hackers.

Mt Gox files for bankruptcy, hit with lawsuit

Last Updated: Saturday, March 01, 2014, 10:20

Tokyo: Mt. Gox, once the world`s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

Rihanna blames accountant for bankruptcy

Last Updated: Thursday, February 13, 2014, 07:01

Rihanna claims that her accountant made so many wrong decisions that he blew her fortune and she was "effectively bankrupt" by the end of 2009.