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The Hanjin Bankruptcy

On August 31st, Hanjin Shipping Co., the seventh largest shipping company in the world, filed for receivership in a South Korean court. A few days later, on September 2nd, they filed for Chapter 15 bankruptcy protection in New Jersey. According to riskmethods’ own research, Hanjin Shipping has a debt of approximately $ 5 bn and recently faced serious liquidity problems. Now that the Hanjin bankruptcy is public, the race to prevent supply chain disruption and merchandise / financial loss has begun.   Legal and financial experts will spend months debating led up......

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