Hanjin leaves huge loss behind after bankruptcy

The administrator of Hanjin Shipping's bankrupt estate has only raised USD 220 million for creditors which have claims totaling USD 10.5 billion, reports Wall Street Journal.

by OLE ANDERSEN

Lawyers in the bankrupt estate of Hanjin Shipping have only raised a fraction of the total claims from creditors against the carrier totaling USD 10.5 billion, reports Wall Street Journal, citing court documents submitted to a bankruptcy court in Newark, New Jersey.

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