bankruptcy
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Features
COVID-19 and the global harvest of bankruptcies
Jubal Kanayo takes a global look at the speed at which the novel Corona Virus is laying waste to corporations, firms and economies and attempts to look at the situation back home and where this leaves us. No one can deny that the Corona Virus, popularly called COVID-19, has laid waste to a number of businesses and economies on a…
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NEWS
Canadian entertainment group opts for bankruptcy
Canada’s Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its artistes. The Montreal-based entertainment company, which runs six shows in Las Vegas, has struggled to keep its business running amid coronavirus restrictions that started in March, forcing it to lay off about…
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NEWS
COVID-19: Hertz Throws in The Towel
American car-hiring company,Hertz,became the latest victim of the sudden economic downturn occasioned by the Coronavirus pandemic,when it filed for bankruptcy on Friday. The company has been renting cars since 1918, when it set up shop with a dozen Ford Model Ts, and has survived the Great Depression, the virtual halt of US auto production during World War II and numerous…
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NEWS
22nd Century Group Purchases Manufacturing Facility Out of Bankruptcy
22nd Century Group, Inc. (OTCBB:XXII) today announced that it has purchased all of the equipment at a cigarette manufacturing facility in Mocksville, North Carolina. Until now, 22nd Century Group’s subsidiary, Goodrich Tobacco Company, had produced all of its products through contract manufacturers. 22nd Century Group and NASCO Products, LLC entered into a lease agreement for the 61,500 square foot manufacturing…
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