>"Half a million people have sunk into poverty since the pandemic struck, with rising costs forcing many to cut back on food"

"Chinese authorities have an intriguing, if troubling, option in handling the Evergrande crisis."

A payment on China Evergrande’s dollar-denominated bonds was due Thursday. By the end of the business day in New York, the company had still not said publicly whether it made the payment or planned _...Read More_

While bankruptcy has a negative connotation in the business world, "Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."

"Tsinghua Unigroup, a would-be microchip champion, is facing bankruptcy, a setback in China’s quest for semiconductor self-reliance."

[https://us.cnn.com/2021/06/14/business/washington-prime-group-mall-bankruptcy/index.html](https://us.cnn.com/2021/06/14/business/washington-prime-group-mall-bankruptcy/index.html) >"Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related _...Read More_

"More Americans over age 55 are carrying debt loads, and their nonmortgage debt grew significantly during the pandemic."

"Governments have extended national programs to keep troubled businesses afloat, but the aid may only be postponing a painful reckoning."

>"In a showdown with New York State, the National Rifle Association is trying an unusual strategy. Legal experts doubt it will work."

This is the most toxic kind of debt. It haunts the debtors. It is damn near a new kind of serfdom. Teens who are not trusted to be able to maturely manage alcohol are asked to swear to debt obligations that will follow them in perpetuity.

>"Two mall owners — CBL and Pennsylvania Real Estate Investment Trust — have filed for Chapter 11 bankruptcy protection."

Prosecutors suspect Wirecard was looted before collapse

Brooks Brothers, Hurt by Casual Fridays and Coronavirus, Files for Bankruptcy The 202-year-old maker of business suits, and one of the last with U.S. factories, joins other apparel brands in bankruptcy court