Liberty Two Degrees says it is not exposed to Forever 21 bankruptcy fallout

2019-10-01 17:04

Its single Forever 21 store in Nelson Mandela Square is still open and trading.

How insolvency affects a spouse and a business

2019-03-04 21:57

Divorce is not the only scenario in which you can be affected by whether you married in community of property or out, says attorney Simon Dippenaar.

Chris Bryant: Mattress Firm bankruptcy is a corporate nightmare

2018-10-09 06:00

Steinhoff’s decision to pay a 115% premium to acquire Mattress Firm in 2016 was inexplicable. So it’s odd that Steve Stagner, who helped negotiate the sale and profited handsomely, is in charge still, writes Chris Bryant.

Steinhoff subsidiary files for bankruptcy protection in the US

2018-10-05 14:31

The group's US subsidiary Mattress Firm - which it acquired in August 2016 - is filing for Chapter 11 bankruptcy.

A decade ago, Basil Read was SA’s top company. It has just gone bust.

2018-06-15 17:18

Founded in 1952, the company was involved in some of the key roads and infrastructure projects in SA.

Weinstein Company files for bankruptcy

2018-03-20 16:00

Harvey Weinstein's former production company filed for bankruptcy, less than six months after the Hollywood mogul was beset by sexual assault allegations.

Weinstein Co. expected to file for bankruptcy

2018-02-26 22:00

The Weinstein Co.'s board of directors says the company is expected to file for bankruptcy protection after last-ditch talks to sell its assets collapsed

Life after fame: When super-rich stars go bankrupt

2017-07-17 05:00

Seventy percent of people who receive a large windfall of money end up going bankrupt a few years later, according to research. Former tennis star Boris Becker is a case in point.

50 Cent's bankruptcy case discharged after rapper pays $22m

2017-02-03 12:51

A federal judge has discharged rapper 50 Cent's bankruptcy case after he paid more than $22m.

Shipping giant Hanjin files for US bankruptcy protection

2016-09-06 12:31

South Korea's Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were denied docking at ports.


Group Five puts three units up for sale in business rescue plan

2019-05-06 20:09

Group Five is preparing a sale of three of its biggest subsidiaries as the former South African construction giant strives to salvage what it can from bankruptcy proceedings

How breakneck growth brought down America’s mattress leader

2018-11-28 22:24

Steinhoff-linked Mattress Firm has three stores in Austin, Texas, within half a mile of one another.

Steinhoff’s Mattress Firm to shut ‘money laundering’ conspiracy theory stores close to one another

2018-10-05 17:57

US-based Steinhoff subsidiary Mattress Firm has filed for Chapter 11 bankruptcy protection, and could close as many as 700 stores – after the close proximity of its stores to one another set off alarm bells for some people.

New 'Melissa's' shops will have cheaper food, this owner says

2018-08-01 10:32

A former Melissa's franchise holder believes high prices led to the group's bankruptcy.

Surprising lessons we can learn from celebrities who almost lost everything

2018-04-23 16:49

It’s not all glitter, gold and sunshine in the land of celebdom. But that doesn't have to be the end of the story.

Expropriation could cause widespread bankruptcy - banker

2018-03-02 22:00

Expropriation of land without compensation could create a systemic risk for the entire banking and financing industry, warns an investment banker.

Jury’s still out on saving SAA

2017-09-10 06:00

A top official at the Government Employees’ Pension Fund (GEPF) this week kept ajar the possibility of the entity investing in bankrupt national carrier SAA, which is clamouring for a bailout.

Takata bankruptcy: What will happen with consumer lawsuits?

2017-06-28 08:04

The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company's exploding airbags, which were part of the largest auto safety recall ever.

Takata faces bankruptcy buyout - report

2016-09-20 07:55

Takata shares dived after a report said some potential buyers were considering bankruptcy proceedings for the embattled airbag supplier.

Luke Doig: Cheer up, liquidations show worst is yet to come for SA economy

2016-06-20 06:28

After falling for eight years, bankruptcies are on the rise again - and the economy’s leading indicator shows SA’s economic cycle is now on a long, slow slide.

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