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BBCNEWS World July 4, 2024

Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande be...
Property Developer Property Market Bankruptcy Protection Restructuring Plans Housing Units Country Garden

BBCNEWS World Business Report June 4, 2024 04:33:00

Larger company. it warned in the last couple of weeks it was going to make an $8 billion loss in the first half of this year and for any of you remember the trials and tribulations you might have ptsd. they told bondholders they might not be able to service the bond repayments. this was the start of evergrandes troubles. we have seen the shares up but they have a lot their value in the past month and the issue is the unfinished projects that you mention. basically, people buying properties of th...
8 Billion Bond Repayments Developer Countries People Buying Properties Property Sector

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