insolvent

India's largest gas firm GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals Ltd that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court…

The US Treasury and the Federal Deposit Insurance Corporation (FDIC) thought they had stemmed the crisis by bailing out uninsured depositors of Silicon Valley Bank and Signature Bank with a “systemic risk exemption” after these lenders…

A deceased Gauteng man’s family did not know he was insolvent when he died. And to make matters worse, he was married in community of property, meaning his wife had to include all her assets in the estate for the creditors. The family of a…

You can also listen to this podcast on iono.fm here. This transcript is a translation from the original interview, which was conducted in Afrikaans and aired on RSG Geldsake, here. RYK VAN NIEKERK: The Steinhoff share price slumped as…

The quadrupling of interest rates since December has tipped thousands of companies into insolvency, with a 30 per cent spike in the last three months. Almost 6,000 firms have gone down according to Mazars, the audit and tax specialists,…