Petroplus Holdings, the largest independent oil refiner in Europe, said on Tuesday that it was filing for insolvency after its creditors demanded repayment on $1.75 billion of outstanding debt.
WALL STREET JOURNAL Swiss Oil Refiner Petroplus to File for Insolvency | Petroplus Holdings, the largest independent oil refiner in Europe, said on Tuesday that it was filing for insolvency after its creditors demanded repayment on $1.75 billion of outstanding debt.
Wherehouse Entertainment, for one, announced last week that it was filing for bankruptcy protection from its creditors, in part because of lackluster CD sales.
The big European household goods maker Moulinex of France announced it was filing for bankruptcy after failing to reach agreement with its principal shareholder over financing a reorganization to counter big losses.
In December, after 128 years, the retailer announced that it was filing for bankruptcy.
The music retailer Wherehouse Entertainment announced in January that it was filing for bankruptcy protection, partly because of lackluster sales.
The same day, Loral Space and Communications, the big satellite maker, said it was filing for Chapter 11 bankruptcy protection.
The company said it was filing for insolvency in Switzerland, and would file similar paperwork in other European countries where it has operations, including France, Germany and Britain.
Wherehouse Entertainment, a large music retailer, said this week that it was filing for bankruptcy protection in part because free online music swapping had cut deeply into its sales.
Page B3 SOLAR COMPANY SEARCHED F.B.I. agents served search warrants on Solyndra, the large manufacturer of solar arrays that announced last week that it was filing for bankruptcy protection.
