Poshan

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Bankruptcy/ Bankrupt

Lights illuminate a Forever 21 before the store opens at Walden Galleria in Cheektowaga, N.Y. Forever 21 has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said that it will close up to 178 stores in the U.S.

AP/PTI

T. Venkattram Reddy of Deccan Chronicle Holdings Ltd

Photograph by Getty Images

Airport staff members pose for a picture besides flight AB6210, the last flight of insolvent airline Air Berlin prior to departing at the airport in Munich, Germany.

AP/PTI

RBI Governor Urjit Patel during the inauguration of a conference on 'Insolvency and Bankruptcy: Changing Paradigm', in Mumbai.

PTI Photo by Santosh Hirlekar

Union Finance Minister Arun Jaitley speaks during the inauguration of a conference on 'Insolvency and Bankruptcy: Changing Paradigm', in Mumbai.

PTI Photo by Santosh Hirlekar

Japanese air bag maker Takata Corp. CEO Shigehisa Takada speaks during a press conference in Tokyo. Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators linked to the deaths of at least 16 people.

Yu Nakajima/Kyodo News via AP

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