Insolvency BCR Advisory

Toshiba’s Westinghouse may file bankruptcy Tuesday, seeks Kepco aid: Nikkei

This article was sourced from Reuters. Article by William Mallard and Makiko Yamazaki. Westinghouse Electric Co, the U.S. nuclear unit of Japan’s Toshiba Corp (6502.T), could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea’s Korea Electric Power Corp (015760.KS), the Nikkei said on Monday. A Chapter 11 filing could help […]

BCR Advisory Bankruptcy

Toshiba may file for bankruptcy: chairman resigns following $6.3 billion loss

This article was sourced from android authority. Article by Kris Carlon. Toshiba may be facing bankruptcy amidst a failed attempt to salvage the company’s fortunes. Toshiba confirmed today that it will take a $6.3 billion hit thanks to its problematic US-based nuclear construction business. In response, the company’s chairman will step down tomorrow. Toshiba had attempted […]