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Why Bankruptcy Doesn’t Mean Failure in the Portable Sanitation Industry
Bankruptcy as a Financial Tool, Not a Shutdown In many asset-heavy service industries, bankruptcy is not synonymous with failure. It is often used to restructure debt, rebalance lender obligations, or transition ownership control—sometimes without disrupting day-to-day operations. Portable sanitation providers rely on large fleets of physical assets, long-term service contracts, and significant…
Thai Airways Employees Union Supports Bankruptcy Restructuring
Thai Airways Employees Union Supports Bankruptcy Restructuring
Thai Airways employees union will not oppose the government’s plan to reduce holdings in the airline and petition for restructuring through the bankruptcy court, the union’s president said on Wednesday.
The reversal comes after a cabinet decision on Tuesday to reduce the government’s holding in the national carrier to below 50%, stripping the airline of its state enterprise status.
“We opposed…
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