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GREAT LAKES PETROLEUM TRANSPORTATION FILES FOR BANKRUPTCY

... Lakes subsidiaries (Petroleum Corp. and Holdings LLC) have also filed for Chapter 11 bankruptcy protection. The meeting of creditors is scheduled for April 8th. The company... ....8 million), Comdata from Charlotte in North Carolina (the carrier owes her $ 227 thousand) are the last in line to receive payments. The company has a $ 18,000 debt to... ..., to which the company owes $ 1.1 million. We should note that during the COVID-19 pandemic, the company received a loan from the bank to stay afloat in accordance with...

BELK DEPARTMENT STORE CHAIN FILES FOR BANKRUPTCY

The largest US retailers continue to experience financial difficulties due to the pandemic. Consumers are reluctant to visit shopping malls, preferring to shop online, and the long-term lockdown has led to changes ... ... refusing from new clothes and shoes. These phenomena lead to the fact that department stores prefer to apply to the courts for bankruptcy protection. Belk, the largest retail chain in the southeastern United States, has recently done it as well. Analysts ...

KNOTEL CO-WORKING SPACES CHAIN FILES FOR BANKRUPTCY

The international chain Knotel failed to withstand the pandemic and filed for bankruptcy protection in the US court. The company intends to go through the necessary legal procedures so that the Newmark Group, which operates in the North American commercial real estate market, could acquire it. The buyer pledged to pay off debt ...

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... level in the last decade. According to experts from the American law firm Polsinelli, which have compiled the corresponding bankruptcy index, this trend will continue in 2021. At the same time, newly elected President Biden offered to provide additional assistance to American companies to combat the consequences of the pandemic in the amount of $ 1.9 trillion. At the same time, 900 thousand American citizens were included in unemployment statistics last week. In Europe, the evidence over what strategies should ...

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