Declare RVR bankrupt, HASS petroleum tells court

Getting your Trinity Audio player ready...

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. A court order such as the kind HASS petroleum is seeking would see RVR property assigned to a receivership, who would sell it in an attempt to settle outstanding debts. Local petroleum dealer, HASS, has asked court to declare Rift Valley Railways (RVR) bankrupt, in what would be a last ditch attempt