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Can you give it? Waivers of Discharge i...

One of the main reasons people and entities declare bankruptcy is to obtain discharge from their debts. The Bankruptcy Code (USC §§ 101, and. after) gives a fresh start to honest debtors by imposing an injunction on creditors to take any action to recover debts paid. Given this potent weapon in debtors’ arsenal, creditors would […]

J&J trustee balks at Neal Katyal’s $2,46

Attorney Neal Katyal is seen outside the U.S. Supreme Court building after arguing a case in court in Washington, U.S., November 4, 2014. REUTERS/Gary Cameron Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Former acting solicitor general’s billing rate could hit new high J&J spin-off fighting talc liability wants […]

Governor DeSantis vetoes bill increasing...

Govt. Ron DeSantis vetoed legislation that would increase the maximum value of a motor vehicle that could be exempt from bankruptcy cases from $1,000 to $5,000. The measure (CS/HB 265), sponsored by the House Civil Justice & Property Rights Subcommittee and Democratic Rep. Mike Gottlieberased both the House and Senate rooms unanimously. The legislation would […]

Legislators briefed on Talen’s bankruptc

Talen Energy tried to put its bankruptcy in the best possible light Thursday during a meeting with Montana lawmakers about what the company’s restructuring meant for Colstrip Power Plant. In a hearing that lasted about an hour, Debra L. Raggio, senior vice president of Talen, said bankruptcy was good for the state’s largest power plant […]

Truth Social Buyer warns of bankruptcy r...

The company buying Donald Trump’s media network, Truth Social, warned investors on Monday that there could be a risk of bankruptcy given the former president’s history of failed ventures. A regulatory filing from Digital World Acquisition Corp. highlighted several examples of bankruptcy associated with Trump while noting that there is “no guarantee” that Truth Social […]

Early bankruptcy warning on Mca’s future

Research topics proposed by the Ministry of Corporate Affairs show that its policy priorities for the future include predicting bankruptcy based on the financial statements filed by companies, integrating its database of companies with those other regulators and the extension of sustainability reports to unlisted companies. In a request for research proposals released last week, […]

Bankruptcy Discharge Violations | law o...

The recent case of In re Micah Cade McKinneyCase No. 21-50046-rlj-11 (Bankr. ND Tex., April 28, 2022) outlines violations of the bankruptcy injunction. Contempt litigation in bankruptcy is sometimes driven by intentional and deliberate conduct on the part of a creditor – perhaps out of spite that the debtor who owed them money filed for […]

Crypto to be included in South Korean ba...

Coinbase’s trading volumes fell over 40% in the first quarter of this year Coinbase is the largest cryptocurrency exchange in the United States. Due to the loss, shares fell more than 15% after hours trading. The Financial Times reports that the decline was due to worse-than-expected earnings and fallout from the crypto bear market. Revenue […]

Publishers avoid ‘bankruptcy for reporti

Tuesday, May 10, 2022 3:06 p.m. (Photo by Edward Smith/Getty Images) The government is set to repeal a potentially crippling legal provision that causes newspapers to pay both sides court costs for libel and privacy, whether they win or lose them. Pledged to ‘reform decades-old laws’ and boost public service broadcasters, the government said it […]

Cannabis Kalamazoo Ch. 11 Filings Test F...

ACannabis company Kalamazoo’s recent Chapter 11 bankruptcy filing will test particularly murky legal waters and could potentially set a legal precedent for other cannabis-related businesses facing insolvency. Master Equity Group LLC filed April 20 with the United States Bankruptcy Court in the Western District of Michigan under Subchapter V of the federal bankruptcy code, a […]

Michigan Weighs on Bankruptcy Tax Forecl...

In January, Miller Canfield reported on Lowry v. Southfield Neighborhood Revitalization Initiative (In re Lowry)[1]an opinion of the Sixth Circuit Court of Appeals. Lowry ruled that a bankrupt taxpayer could challenge a Michigan tax foreclosure sale under the federal bankruptcy fraudulent conveyances law. The property in question Lowry was worth far more than the unpaid […]

A&G Bankruptcy Sale features over 50 pro

Auctions due June 7 for June 14 auction comprising a wide range of opportunity areas and other assets, including single family homes, multi-unit buildings, undeveloped land and vacant commercial/industrial properties; many properties located nearby Kansas State University. MANHATTAN, Kan., May 3, 2022 /PRNewswire/ — A&G Real Estate Partners now accepting offers for his June 14 […]

Cycling legend Stephen Roche vows to ban...

CYCLING legend Stephen Roche has vowed to return after being declared bankrupt in Spain. A civil court in the country has ordered the 1987 Tour de France winner to repay €750,000 to creditors after his Mallorca cycling holiday business went bankrupt. 2 A civil court in the country has ordered the 1987 Tour de France […]

The Cité restaurant atop the Lake Point

“We may be closing today and paying off the bank,” she said on April 26. “The space is not for sale. It was never for sale. This has all been misunderstood.” Reached by phone today, Gouletas said she was “still working” with Republic. “You know how lawyers work,” she said. “They have to cross their […]

UPDATE: France launches €30m aid fund fo

France launches 30 million euro aid fund after Lebanon bankruptcy Update 2:50 p.m. (April 28) The Minister of European Affairs, the French Minister of Foreign Affairs, the French Development Agency and the King Salman Center for Humanitarian Aid and Relief have signed an agreement to launch a joint fund of 30 million euros in favor […]

How Alamo Drafthouse Cinema Responded To...

Shelli Taylor is CEO of Alamo Drafthouse Cinema, the Texas-based chain created by Tim League as a one-screen theater in Austin, Texas in 1997. It is renowned for an eclectic slate of new releases as well as a repertoire program dynamic, fan events, premium food and drink on-site, and a strict no-talking and no-texting policy […]

Thousands of traders risk bankruptcy, bu...

Thousands of retailers could close or go bankrupt in the coming months due to high debts, reports Nu.nl. The coronavirus pandemic and inflation have also contributed to their financial burden. Jan Meerman, managing director of INretail trade association for the fashion, sports and footwear industry, told Nu.nl that around 20% of members had “serious problems”. […]

Boy Scouts bankruptcy judge approves sal...

DOVER, Del. (AP) — The judge presiding in the Boy Scouts of America bankruptcy has approved the organization’s request to sell its warehouse and distribution center in North Carolina for approximately $13.5 million and re-lease the ownership to the buyer. The BSA wants to use some of the proceeds from the sale approved by the […]

Bankruptcy Court Allows Continuation of ...

On February 25, 2022, Judge Christopher J. Panos of the United States Bankruptcy Court for the District of Massachusetts granted in part and denied in part an assignee lender’s motion to dismiss claims brought by a group of affiliated debtors. The court first found that the debtors plausibly alleged that the lender SHS ACK, LLC […]

Feds want judge to reject Florida operat...

Credit: Jantanee Phoolmas/Getty Images Plus A Florida retirement home operator’s bankruptcy plans could be in jeopardy, as federal regulators argue granting protection to the provider would prevent residents and their families from pursuing future lawsuits. The Justice Department’s US Trustee Division has challenged the bankruptcy plan of Gulf Coast Health Care, which operates under Omega […]

Prestige America was sued over Ralph Lau...

Prestige America was sued over Ralph Lauren brands, but falsely declared bankruptcy By Matthew Russell Lee, Patreon Maxwell’s BookBBC–gbritish tutor – Honduras – ESPN NY Magazine SDNY COURTHOUSE, April 16 – Ralph Lauren sued Prestige America LLC for infringing its trademarks under the Lanham Act. On April 15, U.S. District Court for the Southern District […]

Russia: introduction of a moratorium on ...

The Russian government has introduced a moratorium on bankruptcies with effect from April 1 to October 1, 2022 for all Russian legal and natural persons (“People“) except for some residential real estate developers. The moratorium aims to protect Russian debtors against claims by creditors and to support Russian market participants given the difficult environment in […]

How the Isetta saved BMW from bankruptcy

Iso Rivolta not only made refrigerators, but also mini-cars. There was a three-wheeled model called “Iso Isetta”, with a massive swinging door at the front that looked like a refrigerator door. BMW executives not only purchased the licensing rights for the Isetta, but also the production equipment. He began manufacturing the car immediately, with the […]

Two more Snyder County companies file fo...

[email protected] Stanley Woodworking and William Penn Cabinetry, two Snyder County companies owned by Maurice and Deb Brubaker, have filed for Chapter 7 bankruptcy. It is the third company owned by the Brubakers, who work as tax professionals in Lewisburg, to file for bankruptcy this year. In January, Wood-Metal, of Selinsgrove, filed for Chapter 11 bankruptcy […]

After bankruptcy, Frontier executive col...

On the heels of a bankruptcy that wiped out billions of dollars owed to creditors, a new regulatory filing reveals Frontier Communications estimates it paid its new executive chairman $48.5 million in 2021 — the highest total disclosed this year by a publicly traded company based in Connecticut. Frontier operates the historic southern New England […]

Some creditors upset with Shurwest’s ‘fa

No one disputes that Shurwest owes dozens of multimillion-dollar creditors as the independent marketing organization tries to dig up its links to a retirement scam. How much the embattled company ends up paying is the subject of a fierce dispute in an Arizona bankruptcy court. Shurwest filed for Chapter 11 bankruptcy on Aug. 31, 2021, […]

Ruby Pipeline creditors get insight into...

Noteholders’ lawyer questions the value of the company Pipeline optimistic about financial outlook (Reuters) – A lawyer for creditors of Houston-based Ruby Pipeline LLC on Monday questioned the company’s approach to its bankruptcy as it embarks on a Chapter 11 process with no concrete plan. Creditors’ attorney Damian Schaible of Davis Polk & Wardwell raised […]

Is bankruptcy the solution? What to con...

Most people know someone who is going through or has experienced financial difficulties. The loss of a job, unexpected expenses such as catastrophic medical issues, or other personal situations can affect the ability to pay bills in a timely manner, if at all, and can lead to thoughts of filing for bankruptcy. But bankruptcy is […]

Joe Biden still battles student loan deb...

Senate Democrats are calling on the Joe Biden administration to back down from its attempts to overturn court rulings that help student debtors. The new demands were prompted by our original series showing the administration betrayed Biden campaign promise enable borrowers to pay off their student debt through bankruptcy. Instead, the administration fought debtors in […]

From Far to Far: The Bankruptcy Court’s

Despite recent criticism of the choice of venue and calls to limit or restrict various provisions of the Bankruptcy Code, a recent decision by the bankruptcy court for the Southern District of New York shows that bankruptcy courts can continue to interpret the extent of their jurisdictional reach and the powers and powers conferred on […]

“8 more years before Allen Iverson can a

The story of how Reebok saved Sixers legend Allen Iverson from bankruptcy by opening a special fund for him When young players join the NBA, they suddenly see cash flow like they’ve never seen before. Most athletes come from modest backgrounds, and their first NBA checks are the first time they’ve seen that much money. […]

Steven J. Stirparo Law Firm has decades ...

Wilmington, DE – Receiving calls from debt collectors day and night and having bills piling up without being able to catch up on them can be overwhelming and, to a certain extent, have an impact on the physical and mental health of the person responsible. Although no one wants to jeopardize the stability of the […]

Fifth Circuit Reaffirms Jurisdiction of ...

Similarly, the development of renewable power generation facilities is typically funded based on the existence of long-term power purchase agreements (PPAs) with a power utility or end user. PPAs allow the developer to recoup the cost of construction over time based on a fixed electricity price schedule. Without the expectation of long-term revenue streams, many […]

Russian malls could face bankruptcy this...

Russian malls are facing a drop in rental income of around 30%-50% this year as international brands shut down business, leaving many bankruptcies, report says Forbes Russia found. Marks & Spencer, H&M, Nike, Mango, ASOS and Farfetch are among the international brands that have ceased operations in Russia due to the conflict in Ukraine, CBRE […]

Virginia man pleads guilty to fraudulent...

WWE’s Drew McIntyre talks to WFXR News about the return… 2 hours ago WWE Superstar Drew McIntyre ready to return to Roanoke 3 hours ago Honoring the life of Ofc. Ogilvie and Randy Paxton 3 hours ago WFXR Sports Fastlane: March 17, 2022 13 hours ago Virginia Tech Hokies Men fall for the 2nd straight… […]

SBA may deny PPP loan due to bankruptcy,...

REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Bankrupt Vermont hospital not eligible for pandemic aid, court rules Grants, not loans, protected by bankruptcy law (Reuters) – The Small Business Administration was within its rights to deny pandemic aid to a nonprofit hospital on the basis that […]

Puerto Rico emerges from bankruptcy afte...

“This is a significant achievement,” said Natalie Jaresko, executive director of the federal board of control that oversees Puerto Rico’s finances and its debt restructuring process. “Stay bankrupt has been a drag on the economy in many ways.” The story continues under the ad The bankruptcy led to widely criticized austerity measures on an island […]

The wife of promoter “Gordon Gekko” thre

Loading Court documents reveal the owners of the Kinkora Road property, Anne and Grant Brown, have been involved in a bitter and costly legal bid to collect the debt for the past 18 months. Despite a debt settlement directive by Victoria Civil and Administrative Court in September 2020 and a subsequent enforcement order by the […]

Copperline Partners pays $10 million for...

Palm Beach Resort & Beach Club at 3031 South Ocean Boulevard (Google Maps) Copperline Partners has paid $9.8 million for a former timeshare resort on the Palm Beach waterfront. In a bankruptcy sale, an entity controlled by Copperline chief executive Adam Schlesinger purchased the Palm Beach Resort & Beach Club at 3031 South Ocean Boulevard, […]

A U.S. bankruptcy judge has approved Pur...

The new agreement, reached earlier this month after eight states and the District of Columbia finally appealed a previous agreement, does not protect the Sackler families from future liability related to the opioid crisis. “No settlement will ever come close to remedying the magnitude of the suffering and damage caused by Purdue and the Sackler […]

Mexico: New federal courts for commercia...

In order to encourage the promotion and specialized attention of corporate restructuring and insolvency proceedings, by agreement of the Plenary Assembly of the Federal Judicial Council of Mexico, two district courts specializing in commercial bankruptcy cases (concursos mercantiles) were created, located in Mexico City. Commercial Bankruptcy Courts By means of General Agreement 4/2022 (the “Agreement”) […]

“We are not on the verge of bankruptcy,”

CROYDON IN CRISIS: The CEO of the £192,000 council has told a local government magazine she has a solution to the latest financial crisis: more borrowing. By STEVEN DOWNES The Borrower: Council CEO Katherine Kerswell believes there is a magic money tree An 11 a.m. decision on a loan from the Department of Leveling Down […]

100% occupied Chicagoland multi-tenant a...

CHICAGO–(BUSINESS WIRE)–Times may be uncertain, but that doesn’t stop savvy investors from taking advantage of the many opportunities that currently abound. Case in point: A bankruptcy auction will be held on March 29 for property in Arlington, Illinois — just a 10-minute drive from the proposed new Chicago Bears stadium — for a multi-tenant auto […]

Bankruptcy filing details $4 million dis...

Late-night takeout, taxi fares and $1,800-an-hour lawyers rack up millions in fees for Limerick-based lessor Nordic Aviation Capital as it winds its way through bankruptcy in the United States. The lessor is also in the process of selling eight jets to American Airlines, according to court documents. The sale of the four aging Embraers and […]

What we read this week [February 25, 202...

United States: What we read this week [February 25, 2022] March 01, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. According to Reuters, companies face rising costs as supply chain issues continue to disrupt the economy. Businesses have struggled to […]

Bankruptcy judge’s reprimand must not de

EDINBURGH, Texas — Ruben Ramirez, a lawyer by profession, says a federal judge’s rebuke of him shouldn’t be enough to stop voters from supporting him in the 15 Congressional District race. Ramirez is running for the CD 15 open seat in the Democratic Party primary. Last year, representing Pharr resident Lorena Singh, Ramirez persuaded a […]

North Richland Hills Alamo Drafthouse pe...

The Alamo Drafthouse site in North Richland Hills, closed since 2020, will not reopen, its owners announced Friday. The announcement came as the site filed for bankruptcy along with two other Alamo Drafthouses in North Texas, the Richardson and Lake Highlands sites. The Richardson and Lake Highlands theaters will remain open while the entities operating […]

Pandemic Bankruptcy Battles: Looking Bac...

Over the past two years, the number of bankruptcies filed has fluctuated mainly due to the circumstances created by the pandemic. Organizations across all sectors were unprepared for such a crisis and scrambled to mitigate the financial fallout. The hardest hit industries at the start of the pandemic included retail, entertainment, travel, hospitality, restaurants and […]

Brazos’ bankruptcy case is about to open

A year after a historic winter storm left millions of Texans without power for days, the state’s largest electric cooperative is expected to open its case in federal bankruptcy court in Houston on Tuesday, saying it was overcharged hundreds of millions of dollars by the Texas network manager. Waco-based Brazos Electric which serves 1.5 million […]

Croatian luxury food importer initiates ...

February 20, 2022 – Selection MM, a well-known Croatian luxury food importer owned by Marijo Mendek, has unfortunately started pre-bankruptcy proceedings. As Poslovny Dnevnik In writing, the Commercial Court of Zagreb has opened the pre-bankruptcy proceedings of the Selection MM company of Marijo Mendek, known as the most famous Croatian importer of luxury food products […]

What we read this week [February 17, 202...

United States: What we read this week [February 17, 2022] February 18, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. As reported by Bloomberg, hearings began Monday to decide whether to dismiss Johnson & Johnson’s District of New Jersey bankruptcy […]

Chilean bank owner allowed to question c...

An Itau branch in Rio de Janeiro. REUTERS/Sergio Moraes Join now for FREE unlimited access to Reuters.com Register Judge overturns concerns over plan’s legal shields Online junior creditors for minimal collections The names of companies and law firms listed above are auto-generated based on the text of the article. We are improving this feature as […]

The Moral Bankruptcy of a Violent State…

PROTESTER BLAKE DIGNE IS KNOWN TO THE GROUND BY A CAPITOL POLICE OFFICER The Moral Bankruptcy of a Violent State…protesting prison expansion and documenting a police beating at the Arkansas State Capitol (video included). THIS WAS MY FIRST TRIP TO THE ARKANSAS STATE CAPITOL. The full video of the rally is here: https://fb.watch/baUb0jA4KT/ Plenty of […]

The cultural bankruptcy of “cultural app

Self-Portrait of Man Ray by James A. Bacon Yesterday my son and I visited the Man Ray exhibit at the Virginia Museum of Fine Arts. Man Ray was the Annie Liebowitz of her time, photographing the famous poets, painters, novelists, singers, dancers and composers of Paris in the 1920s, a time when the City of […]

Judge delays start of hearing on Boy Sco...

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA reorganization plan should be upheld after a settlement with the official committee representing more than 80,000 men who say that they were molested as children by scout leaders and […]

Use of Reorganization Service Trusts in ...

SSince its inception in the Bohai Steel Group bankruptcy reorganization case in 2016, the trust mechanism has regularly appeared in high-profile bankruptcy reorganizations such as those of Tewoo Group, Founder Group and HNA Group, with the aim of to effectively balance the interests of the parties and proceed smoothly with the reorganization. This article will […]

Sabaton Singer: “It will take the threat

Swedish steelworkers SABATON were recently forced to postpone their European arena tour, which was scheduled to take place in March/April 2022, “due to continued COVID-19 pandemic restrictions on live events and global travel”. However, SABATON leader Joakim Broden say to finland Tuonela magazine that he and his bandmates still expect to hit the road again […]

Puerto Rico may be nearing the end of ba...

Last month, a federal judge approved the largest debt restructuring plan ever reported in the United States, paving the way for an end to Puerto Rico’s long and painful bankruptcy process. The plan — capping a years-long debate between creditors and local and federal officials — cuts most of the island’s largest chunk of outstanding […]

Invercargill man’s bankruptcy confusion

Darryl Robert Hewitson started his accountancy business in Invercargill in 1997. He later fell ill with pulmonary sarcoidosis which impaired his ability to work. Photo / 123rf A piece of paper cost an Invercargill accountant who was declared bankrupt at home. Darryl Robert Hewitson started his accounting business in Invercargill in 1997. He later fell […]

January 2022 New bankruptcy filings cont...

NEW YORK, 03 Feb. 11, 2022 (GLOBE NEWSWIRE) — Epiq, a global leader in technology services for the legal and business services industry, has released its January 2022 bankruptcy filing statistics from its Epiq Bankruptcy AACER platform. Overall, January new filings were 26,194 across all chapters, down 6.4% from December 2021, which had 27,980 new […]

Cineworld’s pile of debt should save the

Cineworld is set to avoid bankruptcy for the second time in two years, lenders say, although the British film group faces a nearly $1 billion payout that exceeds its market value for pulling out of a deal to buy its Canadian rival Cineplex. The world’s second-largest cinema operator has appealed the court which awarded damages, […]

The insolvency and bankruptcy code leads...

The Insolvency and Bankruptcy Code (IBC) has led to behavioral changes among corporate debtors, with thousands choosing to resolve distress at an early stage where default is imminent, said Monday the economic study 2021-22. The primary purpose of the Code is to resolve distressed corporate debtors (CDs). Distressed assets have a life cycle and their […]

[COLUMN] Are PPPs and other federal pand...

MANY self-employed people have relied on the Paycheck Protection Program (PPP) and other federal pandemic loans to save their businesses from bankruptcy. If you notice, many restaurants we go to before the pandemic closed permanently despite using PPP and other loans. Sure, PPP loans have gone a long way in keeping employees employed and allowing […]

bankruptcy proceedings and the recent ca...

Dondero vs. Alvarez & Marsal CRF Management, LLC et al, Adv. proc. 21-03051 (Bankr. ND – Texas, January 4, 2022) Judge Stacey GC Jernigan introduction Civil procedure matters aren’t the sexiest topics, and probably for that reason, I rarely see blog posts focused on purely procedural matters. The Northern District of Texas Bankruptcy Court was […]

5 Best Bankruptcy Lawyers in Kansas City...

Below is a list of the best and leading bankruptcy attorneys in Kansas City. To help you find the best bankruptcy attorneys located near you in Kansas City, we’ve compiled our own list based on this rating point list. Kansas City’s Top Bankruptcy Lawyers: The top rated bankruptcy attorneys in Kansas City, MO are: Kentner […]

Johnson & Johnson Stock: Split-Related L

JHVEditorial photo/iStock via Getty Images This article was prepared by Jenny.T in collaboration with JR Research. Investment thesis Johnson & Johnson (JNJ) is a pharmaceutical company embroiled in long-term talc litigation worth more than $2 billion. In November 2021, the company announced that the Consumer Health segment would be spun off to provide more sustainable […]

Insurers pushed to settle Archdiocese ab...

Copyright © 2022 Albuquerque Journal As the Archdiocese of Santa Fe’s bankruptcy reorganization enters its fourth year without resolution, pressure mounts for church insurance companies to pay a larger share of the payout to nearly 400 survivors of child sexual abuse. The archdiocese and plaintiffs alleging abuse by priests and other clergy reached a tentative […]

A bankruptcy lawyer has been charged wit...

A warning to lawyers A bankruptcy lawyer has been jailed for tax evasion of nearly £100,000 after lying to HMRC about his income. Christopher Wilkins (called to the bar in 1993) ran into debt following a failed investment in overseas property at the time of the 2008 financial crash. He entered into an Individual Voluntary […]

Closure of Menominee’s Enstrom Helicopte

MENOMINEE, Mich. (WLUC) – Enstrom Helicopter Corp. announced Wednesday that after 64 years of near-continuous operations, Enstrom will close on Friday. Due to several financial difficulties, the owners of Enstrom have ordered the company to file for Chapter 7 bankruptcy. The closure marks the end of a legendary helicopter brand, a company press release said. […]

We are one emergency away from bankruptc...

in All News / By: BVI News on Jan 17, 2022 6:02 AM / Claude Skelton Cline Political commentator and clergyman, Rev. Claude Skelton Cline argued that people in the BVI live on a paycheck and an emergency of bankruptcy. Appearing on his Honestly Speaking radio show recently, Skelton Cline said the government should institute […]

[COLUMN] Can bankruptcy change your life...

AS A bankruptcy attorney, I’m often asked, “How will filing for bankruptcy change my life?” I think people ask this question because of the negative things they may have heard about bankruptcy from friends, family, coworkers, and neighbors. They think bankruptcy means they will forever be considered pariahs in our economy. So instead of focusing […]

H2O further writes down Windhorst bonds ...

H2O Asset Management suffered larger writedowns on its holdings of bonds linked to Lars Windhorst, after agreeing to help the German financier avoid bankruptcy. Once a star of European asset management, H2O was thrown into crisis in 2019 when the Financial Times revealed it had heavy exposure to illiquid securities linked to Windhorst, a flamboyant […]

Houston established Delaware as the pref...

In Delaware, there are no big professional sports teams, no big TV stations, no big commercial airports, no mountains. The sleepy US state, 96 miles long and 35 miles wide, has even more chickens than people. Now one of the few things the place had going for it – a reputation for the friendliest jurisdiction […]

2 Famous Anthony’s Restaurant Files Chap

Home COVID test kits distributed quickly to Roanoke area libraries News / 2 hours ago Video Health experts warn of flu-COVID combo known as ‘Flurona’ News / 2 hours ago Video Fire crews offer advice after several weekend fires in our region News / 5 hours ago Video 2 The famous restaurant Anthony’s files for […]

Chinese Evergrande announces that it wil...

The main unit of the China Evergrande group said it would make a coupon payment on its domestic bonds on time, offering some relief to nervous markets worried that a default by China’s No.2 developer could spill over to the market. global financial system. Hengda Real Estate Group said in a statement on Wednesday that […]

Purdue Pharma bankruptcy insider speaks ...

One day last spring, Ryan Hampton had a secret meeting with David Sackler, whose family-owned company, Purdue Pharma, was accused of helping precipitate the opioid crisis. Hampton was the co-chair of the Official Unsecured Creditors Committee (UCC), a powerful group that represented thousands of people and entities with claims against Purdue in what was then […]

Videocon bankruptcy: lenders want new ro...

Representation image Highlights Successful resolution seeker Vedanta’s arm is looking for time to respond to CoC’s request. Videocon bankruptcy: NCLAT to hear CoC plea alleging low payment on September 27 New Delhi: In another setback for Vedanta’s plans to acquire debt-ridden Videocon Industries, lenders who agreed to Twin Star Technologies (TST) ‘s resolution plan want […]

Spain: bankruptcy reform bill is not to ...

JC González Vázquez * | On August 3, the Council of Ministers finally approved the long-awaited bill for the adaptation of our insolvency legislation to the European directive 2019/1023 concerning preventive restructuring frameworks, debt forgiveness and forfeitures. . In addition, measures to increase the efficiency of restructuring, insolvency and debt forgiveness procedures. High hopes had […]

bne IntelliNews – Romania’s leading insu

On September 17, the Council of the Financial Supervisory Authority (ASF) of Romania withdrew the operating license of City Insurance, the country’s largest insurer which owes its position to the massive portfolio of compulsory auto insurance. The ASF will now initiate bankruptcy proceedings against City. The Romanian insurer, created and controlled until June by the […]