insolvency

Greensill Capital Files for Insolvency
Credit & Capital

Greensill Capital Files for Insolvency

The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.
By Matthew Heller | March 9, 2021
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British Steel Goes Insolvent, Blaming Brexit
Global Business

British Steel Goes Insolvent, Blaming Brexit

"There are a number of reasons why [British Steel's] turnaround has been very badly blown off course but the main one is Brexit,” its owner says.
By Matthew Heller | May 23, 2019
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PBGC Deficit Shrinks by One-Third to $51.4B
Retirement Plans

PBGC Deficit Shrinks by One-Third to $51.4B

While the agency's overall financial health improved in 2018, its multiemployer program faces a "tremendous wave of insolvencies."
By Matthew Heller | November 19, 2018
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Collapsing Prices Force SolarWorld Insolvency
Bankruptcy

Collapsing Prices Force SolarWorld Insolvency

The German firm says it can no longer operate as a going concern due to a wave of cheap Chinese exports that has slashed solar panel prices.
By Matthew Heller | May 12, 2017
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Fed Changes Rule to Limit Emergency Lending
Risk & Compliance

Fed Changes Rule to Limit Emergency Lending

The final rule narrows the definition of "broad-based eligibility" to avoid bailouts of insolvent firms.
By Katie Kuehner-Hebert | November 30, 2015
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PBGC Finds Holes in Safety Net for Multiemployer Plans
Retirement Plans

PBGC Finds Holes in Safety Net for Multiemployer Plans

A greater percentage of employees in multiemployer plans that go insolvent will have their benefits cut, says the PBGC.
By Matthew Heller | March 16, 2015
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Asset Sales: The Other Endgame
Supply Chain

Asset Sales: The Other Endgame

Why insolvent companies are discovering that filing for bankruptcy is often not the best way to go.
By Vincent Ryan | October 1, 2011
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