Jonny Fry Posted

Bankruptcies and firms going into Chapter 11 set to escalate, how can Blockchain technology help

2 min. video - https://youtu.be/RHkmBojovXs

Chapter 11 in the USA has been used by firms such as General Motors, K-Mart, and United Airlines, where the bankruptcy court is appointed to oversee the restructuring of a firm’s debts

LATAM, Latin American’s largest airline, Advantage Rent A Car and recently Hertz rental car  filed for Chapter 11. Hertz have laid off 10,000 staff. Carl Icahn is now nursing heavy losses as the owner of 39% of the company which at the end of 2019 was valued at $750m. Yet days before Hertz...