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Headlines

Wednesday, December 24 2025

China Vanke Gets Temporary Lifeline to Prevent Debt Default

China Vanke, the latest developer to teeter in the country’s long-running real estate crisis, said bondholders had agreed to a plan that gave the company a 30-day grace period to negotiate repayment of a $285 million bond issue,…

Wednesday, December 24 2025

Klöckner Pentaplast Secures Court Approval for Restructuring

Klöckner Pentaplast announced yesterday that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed its reorganization plan, PlasticsToday.com reported. The plan, according to the company, was developed and…

Wednesday, December 24 2025

Commentary: Foreign Airlines Rely on Chapter 11 as Bankruptcy Tourists in U.S.

Brazilian airline Azul SA is the latest in a string of overseas carriers turning to chapter 11 in the US, becoming “bankruptcy tourists” to access legal protections largely out of reach in their home countries, according to a…