When a company decides to declare itself bankrupt it needs to file a petition under the chapter 7, that petition, later on, will become a discharge. The term discharge can be unknown to some, for this reason, we will explain it in detail in this article. A discharge is an official list of the debts […]

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This is not a new issue. In fact, the shipping industry has been battling for more than a decade against its own crisis; and the news about bankrupt shipping companies are nothing new at all. It is said that due to mergers and acquisitions, they will have been reduced to less than fifteen major shipping […]

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The prices of gasoline are a factor that says many things and not just the cost of the precious liquid, but also talk about the state of economic affairs, as well as the current sociopolitical unrest of a certain area in the world. A funny thing happens for example in the United States, where gas […]

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Currently, we see how the global economic climate becomes more and more challenging for most industries. Often countries don’t know what to do to help their industries grow. Businesspeople find themselves in difficult positions where they need to make difficult decisions. And, companies in pretty much any field have to face the cruel reality of […]

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New renewable energies are making a dent in the market worldwide. Nowadays, energy securities along with the public’s concern for the environment are factors that drive the prices of oil up or down. However, while we do consider positive for the economy when the prices of oil are high as they as evidence of financial […]

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An organizational restructure is the process by which a company undergoes a process of transformation and experiences changes in the way its internal structure is formed. The modifications expected during a company restructuring can involve anything having to do with the way individual departments are formed, but not limited to just that. One can also […]

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As of 2015, the oil industry has experienced many changes. But those changes have been mere downturns mostly if they were to be compared with the eventualities that took place during the golden days: the 1990s. But, after taking a closer look at the history of these behaviors, it is possible to assert that after […]

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Question.  How many companies do you know that want to go bankrupt?  Zero.  Not a single company gets started with the thought that they will not succeed and have to declare bankruptcy.  A business gets off the ground because an entrepreneur thinks he or she has the next great idea to be successful.  However, there […]

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