Bankruptcies
The latest Chapter 11 bankruptcy filings come from Colombian carrier Avianca—the world's second-oldest extant airline after KLM—and Stage Stores, the discount department store operator. Stage Stores will try to sell assets while it winds down its business; Avianca is trying for a reorganization, though it recognizes that it could well go bust. Fortune
The latest Chapter 11 bankruptcy filings come from Colombian carrier Avianca—the world's second-oldest extant airline after KLM—and Stage Stores, the discount department store operator. Stage Stores will try to sell assets while it winds down its business; Avianca is trying for a reorganization, though it recognizes that it could well go bust. Fortune