Tag: Bankruptcy
The parent of American Airlines lost 1,700 million dollars in the first quarter
The parent of American Airlines, AMR, it lost 1,700 million dollars in the first quarter compared with a loss of 436 million the same period of 2011 due to restructuring costs of business, today announced the firm, which filed for bankruptcy last November. The airline based in Fort Worth (Texas) has stated in a statement [...]
Lehman Brothers started the distribution of 22,500 million dollars to its creditors
The Investment bank Lehman Brothers today began distributing to creditors of $ 22,500 million, over three and a half years after starring in the largest bankruptcy in U.S. history. “We have started sending the funds, but it is possible that many of the parts will take at least one day to receive it, and yet [...]
Lehman Begins Next Week the Distribution of $22,500 Million to its Creditors
Investment bank Lehman Brothers said today that next week will begin to distribute to creditors of $ 22,500 million, over three and a half years after starring in the largest bankruptcy in U.S. history. Lehman Brothers said in a statement that the money will start to deliver from April 17 to more than 12,000 creditors [...]
Only 53 global corporations went in bankrupt in 2011, according to S&P
Only 53 global corporations went bankrupt in 2011, a marked decrease from the 265 recorded in 2009, at the height of the global credit crisis, according to a report by Standard and Poor’s (S&P) released today. According to the document, there is a downward trend in bankruptcy filings when these big companies, because, since the [...]
Airlines threatened with bankruptcy if a barrel of oil reaches $150
Some airlines “could file for bankruptcy” if the price of oil reaches $ 150, said Tony Tyler, director general of the International Air Transport Association (IATA) in Geneva Tuesday. According to him, Europe is the world most affected area, but others could record “significant effects”. IATA had developed his projections in December based on a [...]
