Tag Archives: Bankruptcy

India’s Bankruptcy Code Has Drastically Improved

In May 2016, India passed a new bankruptcy law that makes it easier for failing businesses to recover from their losses. And, according to American private equity magnate Henry Kravis, the new law is “pretty darn good.” Kravis, who co-founded … Continue reading

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Detroit Filing Bankruptcy May Help Other Cities in Distress

Detroit, Michigan made headlines when they were the the largest city in America to ever file for bankruptcy. Despite the thriving auto industry, in June, the city defaulted on $39.7 million on taxable pension debt. This was a huge concern … Continue reading

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