BANKRUPTCY/LIQUIDATION

The Insolvency and Bankruptcy Code, instituted in 2016, appears to have worked, with the Reserve Bank of India noting that cases referred to the bankruptcy process grew by 27 per cent this financial year. The code has resolved 167 cases amounting to

India's new bankruptcy policy sweeps in big bucks

Dec 31, 2019, 5:00 am
Former Singapore Swimming Club president Freddie Koh owes $1.8 million to the club and $1.4 million to mortgagee DBS, but he and his wife, Madam Ooi Chhooi Ngoh, have refused to sell their house following his bankruptcy.

Court orders house sold to pay ex-SSC president's debts

Dec 4, 2019, 5:00 am
Former Singapore Swimming Club president Freddie Koh owes $1.8 million to the club and $1.4 million to mortgagee DBS, but he and his wife, Madam Ooi Chhooi Ngoh, have refused to sell their house following his bankruptcy.

Wife of ex-SSC president ordered to sell co-owned house to pay his debts of $3.2m

Dec 3, 2019, 7:27 pm

Ex-billionaire Sit Kwong Lam loses bankruptcy appeal in Hong Kong

Nov 11, 2019, 5:00 am

Leaders need to pay attention to paying attention

Nov 10, 2019, 5:00 am
A shopping bag (below) stamped with "John 3:16", a reference to a Bible verse, an example of how the family's Christian faith played a role in their running of the company. Forever 21 founder Chang Do Won with his daughters Linda (far left) and Esthe

Rise and fall of Forever 21

Oct 25, 2019, 5:00 am

The Chang family built Forever 21, and fuelled its collapse

Oct 24, 2019, 8:35 am

US retailer's bankruptcy filing shows limits of fast fashion

Oct 2, 2019, 5:00 am
A Forever 21 outlet at 313@Somerset in Orchard Road. Mr Chang Do Won and Mrs Chang Jin Sook, founders of the US firm, which has filed for bankruptcy, borrowed US$10 million (S$13.8 million) in 2015 from the trusts for their daughters Linda Chang and

Forever 21 owners took $14m loan from children

Oct 2, 2019, 5:00 am

Forever 21 files for bankruptcy: 5 things to know about the fashion chain's founders

Oct 1, 2019, 8:05 pm