BCR Advisory Bankruptcy
Bankruptcy

Hanjin Shipping Declared Bankrupt

BCR teamComments Off on Hanjin Shipping Declared Bankrupt

This article was sourced from JD Supra Business Advisor. Article by Shumaker, Loop & Kendrick, LLP. 

The Seoul Central District Court declared Hanjin Shipping Co Ltd bankrupt on Friday February 17, 2017, after ruling that Hanjin’s liquidation value was greater than its going concern value. Claims by creditors are due by May 1, 2017 and the first meeting of creditors will be held on June 1, 2017.

For specialist advice regarding your specific circumstances, please contact the BCR team.

Tell us what you thought of this article by commenting below or connecting with us on LinkedIn or Twitter.

 

amy@bcradvisoryblog.com'
BCR team
The BCR Advisory team are a national represented firm with its main office located in Sydney. It is a boutique corporate advisory, recovery and insolvency firm that specialise in the SME market. The team’s reputation is built on their extensive experience within the industry as well as their fresh and innovative approach to problem solving for distressed business owners.Let us know what you thought about this article by leaving a comment below. Alternatively, you can get in touch with the BCR Advisory through our contact page.

Similar Articles

BCR Advisory
Bankruptcy

Paid Rejection: Bankruptcy Court Allows Professional Fees Despite Trustee’s Flawed Strategy

BCR team

This article was sourced from JD Supra. Article by Kevin Meek. “Risk comes from not knowing what you’re doing” – Warren Buffett Can a bankruptcy court deny fees requested by a professional simply because her client chose a poor strategy? The Bankruptcy Court for the District of Idaho recently rejected such a notion, holding that an accounting […]

BCR Advisory Bankruptcy
Bankruptcy

MC Sports announces bankruptcy filing; liquidation sales

BCR team

This article was sourced from Fox 17 online. Article by Bob Brenzing. GRAND RAPIDS, Mich. – A Grand Rapids-based sporting goods retailer has filed for bankruptcy protection. MC Sports announced Tuesday they are reorganizing the company under Chapter 11 of the bankruptcy code. The company has 68 locations in seven states and operates a ski shop […]

Bankruptcy BCR Advisory
Bankruptcy

Chris Lazarini Comments on Scope of Bankruptcy Rule 2004 Examination

BCR team

 This article was sourced from JD Supra Business Advisor. Article by Christopher Lazarini. Bass, Berry & Sims attorney Chris Lazarini commented on a case in which objectors (a law firm, banks and accountants) opposed a bankruptcy trustee’s Rule 2004 Motion requesting information related to his investigation of potential claims in a bankruptcy proceeding. While the objectors […]