Hanjin Shipping asset stripping has failed to bridge the cash chasm that would see its creditors repaid in full, court filings show.
Hanjin, which went bankrupt amid a blaze of global publicity a year ago, has claims running to $10.5bn.
Trustees overseeing the company’s breakup, however, have harvested only $220m from the sale of ships and other assets, the Wall Street Journal reports, citing papers filed to a US bankruptcy court.
