Ever since U.S. financial services giant Lehman Brothers Holdings Inc. collapsed in September, in what many have called the worst corporate failure in U.S. history, the global economy has been heading south.
Teetering on the edge, U.S. auto giant General Motors Corp. amply demonstrates that size is no guard against failure.
But what is the situation in Japan? And what steps must a company going through bankruptcy proceedings take?
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.