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World News   Business   Bankruptcy   Europe (13)
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Europe, Bankruptcy Timeline Saturday, March 20 Bookmark and Share     Author
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Sterling Airlines files for bankruptcy  Danish-based low-cost carrier stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat Another top European bank falters
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  Austria takes over bank hit by Madoff
Billionaire Adolf Merckle kills self Map of Ulm Germany

year 2009 Top ^

Jan.6   Germany
  One of the richest men in the world, committed suicide after his business empire got into trouble in the wake of the international financial crisis
Jan.3   Austria
  The Austrian government has taken control of Bank Medici, a private bank with significant exposure to the alleged fraud by Bernard Madoff

year 2008 Top ^

Oct.29   Denmark
Oct.4   Germany
  Germany's 2nd-largest mortgage lender, Hypo Real Estate, is teetering on the brink of collapse after a banking consortium withdrew from talks.    Hypo Real Estate has suffered from the credit squeeze in international markets. A consortium of German financi...

year 2006 Top ^

Aug.1   Moscow Yukos declared bankrupt by court  Troubled oil firm has been declared bankrupt by a court, clearing the way for the firm to be liquidated

year 2005 Top ^

Jun.25   Italy Parmalat founder to stand trial  An judge has charged 16 executives and 3 financial institutions over their role in the collapse of the dairy giant Apr.10   England MG Rover gets £6.5m loan lifeline
  The government has offered a loan to prevent redundancies being made at car manufacturer
Apr.7   England End of the road near for MG Rover  The future of 6,000-strong workforce is in doubt amid expectations the car maker could soon go into administration

year 2004 Top ^

Dec.19   Moscow Yukos unit fetches $9bn at auction
  Baikal Finance Group outbid favourite Gazprom to buy Yuganskneftegas. Yukos said that the auction was illegal
Nov.19   Russia Russia confirms Yukos break-up  The government has set a date for the sale of oil giant' main unit Yugansk, seized to pay the huge back tax bills Jan.26   Italy Parmalat debt grows to 14bn euros  Parmalat owes almost 8 times what the company claimed when it went bust in December Jan.23   Italy Parmalat aide 'commits suicide'  Alessandro Bassi was a mid-level executive in the finance department of collapsed food giant

year 2003 Top ^

Dec.23   Italy Path paved for Parmalat rescue  The cabinet has amended its laws to make it easier to rescue the food giant which is facing a form of bankruptcy

year 2001 Top ^

Nov.7   Belgium Sabena successor set up  New airline will be formed from Sabena's subsidiary Delta Air Transport
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