The Korea Herald


STX Offshore seeks bankruptcy protection in US

By 최희석

Published : Oct. 21, 2016 - 11:39

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[THE INVESTOR] STX Offshore and Shipbuilding has filed for bankruptcy protection in the US, the Wall Street Journal reported on Oct. 20.

According to the report, STX Offshore filed for bankruptcy protection saying that it would sustain unrecoverable damage should creditors seize its assets. 

The report also said that the bankruptcy court granted a temporary restraining order to prevent STX Offshore’s creditors from seizing assets.

By Choi He-suk (