Four creditors, who claim they’re owed a combined $8.3 million, seek to force the company to liquidate its assets.

Business owners still retain most of the control, but not as much as in a workout scenario. Liquidation is when a company sells its assets to pay back creditors and ultimately its owners.

American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states, including ...

While the book value of all of Jet Airways assets may amount to around Rs 1,000 crore, 13 percent of the dues pending to ...