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Hanjin struggles to find cash to meet creditors' claims

By Jessica McKay

09 August 2017

Hanjin struggles to find cash to meet creditors' claims

A Hanjin ship iStock.com/VanderWolf-Images

Almost a year after filing for Chapter 15 protection in New Jersey, bankrupt South Korean shipper Hanjin has only managed to raise a fraction of the US$10.5 billion it owes to creditors worldwide, its trustee says.