Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
By Mike Wackett
Hanjin Shipping today submitted a “financial improvement plan” to its creditor banks in a final attempt to avoid bankruptcy ahead of the expiration of its restructuring deadline on 4 September.
The beleaguered shipping line missed the 20 August deadline to tender the information to creditors led by the state-run Korea Development Bank (KDB) – but confirmed to The Loadstar today that this had now been done.
“Hanjin Shipping is not releasing any statement or comment regarding this issue,” it added.
According to Korean media reports, ...
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