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bankruptcy

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Bankruptcy and stigma

Bankruptcy and stigma The ability of a citizen to leave behind his debts by going bankrupt can work beneficially, which is proven by the impact that the relevant, recent law has had. Bankruptcy, when it results from true inability to pay, can also be a second chance at a fresh start and should not be […]

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Hundreds choose to declare bankruptcy

Hundreds choose to declare bankruptcy Bankruptcy applications, based on Law 4818/2021, are coming thick and fast from individuals with or without commercial activity, as they are unable to repay their debts to banks and insurance funds. The legislative framework for the second chance provides, under specific conditions, the possibility to individuals to rid themselves of […]

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US Bitcoin Miner, ‘Core Scientific,’ Is Filing for Bankruptcy

US Bitcoin Miner, ‘Core Scientific,’ Is Filing for Bankruptcy Core Scientific, a major Bitcoin miner, files for bankruptcy as the crypto winter continues to bite. Credit: Jorge Franganillo / Wikimedia Commons CC BY 2.0 Core Scientific, one of the largest bitcoin miners registered in the US, is filing for bankruptcy. The Texas-based company filed for […]

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Turkey likely to face bankruptcy, report claims

Turkey likely to face bankruptcy, report claims Turkey’s economy is on the verge of bankruptcy, according to a report submitted by economic experts to opposition leader Kemal Kilicdaroglu, Turkish newspaper Hurriyet reports. The report was prepared with the involvement of officials of Kilicdaroglu’s Republican People’s Party (CHP), Hurriyet says. The report says the difficulty in […]

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SYRIZA: PM Mitsotakis represents forces that led to Greece’s bankruptcy

SYRIZA: PM Mitsotakis represents forces that led to Greece’s bankruptcy PM Mitsotakis represents forces that led to Greece’s bankruptcy, Syriza spokesman charges Prime Minister Kyriakos Mitsotakis “is now celebrating something that had been decided a year before he was elected,” SYRIZA-Progressive Alliance spokesman Nassos Iliopoulos said on Saturday. Commenting on the premier’s message over the […]

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Orange2Fly applies for bankruptcy

Orange2Fly applies for bankruptcy Orange2Fly charter flight airline has filed for bankruptcy. The carrier that was set up in September 2015 with share capital of 200,000 euros has a fleet of four Airbus A320 aircraft, but in those six years of operation it has failed to strengthen its financial report. In 2020 it had a […]

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Assessment Report – Praise for red loans, bankruptcy law concern

Assessment Report – Praise for red loans, bankruptcy law concern The institutions may have praised the reduction of Non-Performing Funds (NPLs) of Greek banks, but they sounded the alarm for the arrears with the bankruptcy. According to the 11th Economic Assessment Report, in the context of enhanced supervision by the Commission and the European Central […]

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Bill sees changes to Hercules, bankruptcy code

Bill sees changes to Hercules, bankruptcy code A Finance Ministry bill introduces adjustments to the state’s Hercules asset protection scheme and improvements to the bankruptcy code. The main change in the bankruptcy law, also known as the “law of second chance,” concerns the extrajudicial debt settlement mechanism, in which nonperforming loans with state collateral may […]

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Tsipras in Berlin: ‘Let’s not dwell on yesterday’s policies, which led us to bankruptcy and disaster

Tsipras in Berlin: ‘Let’s not dwell on yesterday’s policies, which led us to bankruptcy and disaster SYRIZA-Progressive Alliance leader Alexis Tsipras spoke of a need for “progressive forces in Europe to become stronger, provide answers to critical issues and meet the basic social needs that have arisen,” at the conference of European Socialist Leaders held […]

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