Bankruptcy Newswire (Page 7)

Bankruptcy Newswire (Page 7)

Comprehensive Real-Time News Feed for Bankruptcy. (Page 7)

Results 121 - 140 of 112,286 in Bankruptcy

  1. Financial Restructuring After a Natural DisasterRead the original story w/Photo

    Wednesday | D Magazine

    In the aftermath of the devastation created by Hurricane Harvey, additional financial concerns are being faced by those residing or doing business in the affected areas. Many are evaluating their options for recovery from their financial losses, which includes a business or individual bankruptcy.

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  2. RPT-Hurricane changes the game for Puerto Rico bond investorsRead the original story w/Photo

    Wednesday | Reuters

    The impact of Hurricane Maria on Puerto Rico's already shattered finances is changing the financial landscape as creditors rethink strategies two months after the storm, with many slashing positions and others settling in for a long wait. Some investors had bet on strong recoveries for the island's triple tax-exempt bonds after Puerto Rico declared bankruptcy on much of its debt in May. But that has become too long a play for some, with the path to financial solvency decidedly longer since Maria hit on Sept.

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  3. Brazilian regulatory body suggests changes to Oi restructuring plan - sourceRead the original story w/Photo

    Wednesday | Reuters

    ... adding Oi will hold a board meeting on Wednesday morning. Earlier in November, the board of Oi, which filed for bankruptcy protection 17 months ago, revealed its official restructuring proposal in a securities filing. However, Anatel demanded the ...

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  4. Sears, Nine West Among Retailers Facing Make-or-Break Christmas 2 hours agoRead the original story w/Photo

    Wednesday | Bloomberg

    ... even withholding delivery of products -- an echo of the supply crunch that preceded Toys "R" Us Inc.'s September bankruptcy. But Sears has been able to rely on help from Chief Executive Officer Eddie Lampert, a hedge fund manager who serves as the ...

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  5. he Gots to Get Got:Read the original story

    Wednesday | BrothersJudd Blog

    ... much better for Kushner, given that his family's debt-ridden office tower at 666 Fifth Avenue could be headed for bankruptcy.

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  6. E-Commerce vs. Brick and Mortar: Buying and Selling Shopping Centers in DistressRead the original story w/Photo

    Wednesday | JD Supra

    ... be especially pressured, and if workouts are not feasible, a reorganization under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") may provide relief. There are two ways to implement a Chapter 11 proceeding: the easy way and ...

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  7. UPDATE 1-Indian cabinet approves amendments to insolvency and bankruptcy codeRead the original story w/Photo

    Wednesday | Reuters

    India's cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code, the finance minister said, changes that are designed to prevent wilful defaulters from bidding for stressed assets. Finance Minister Arun Jaitley announced approval for the amendments following a cabinet meeting but did not provide details.

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  8. Supreme Court tells Jaypee directors not to sell personal property nowRead the original story w/Photo

    Wednesday | The Telegraph

    ... insolvency proceedings against the real estate firm at National Company Law Tribunal. Under the Insolvency and Bankruptcy Code of 2016, flat buyers do not fall in the category of secured creditors such as banks and hence they can get back their ...

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  9. Property of one of closed banks in Azerbaijan to be put on saleRead the original story w/Photo

    Wednesday | Trend

    The first auctions on the sale of the property of the closed Bank Standard will be held in November-December. Deputy Chairman of the Board of the Azerbaijan Deposit Insurance Fund Vugar Abdullayev announced about this at a meeting with the bank's creditors.

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  10. Puerto Rico power Contractor suspends work, citing unpaid billsRead the original story

    Wednesday | Berkshire Eagle

    With less than half the power on Puerto Rico restored two months after a deadly hurricane hit the island, the company hired to help bring back the electricity is "standing down," it said, because it is owed tens of millions of dollars for weeks of work. Whitefish Energy Holdings had already been fired last month by the Puerto Rico Electric Power Authority after widespread criticism and multiple investigations of a $300 million contract it received to help repair the island's power grid.

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  11. Billionaire could get $5.6M in state funds for Trump Plaza demolitionRead the original story w/Photo

    Wednesday | The Jersey Journal

    ... Trump Entertainment Resorts, was still owned by successors to Donald Trump. Icahn acquired the company out of bankruptcy in February 2016 and closed the Trump Taj Majal eight months later. The agency still has to hold a hearing to examine benefits ...

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  12. Parliament's winter session will be held, to be regular session: JaitleyRead the original story

    Wednesday | Nerve News

    ... Rajnath Singh, may be announced after getting the Presidential nod on an ordinance to amend the Insolvency and Bankruptcy Code sent to him. Normally, an ordinance can be promulgated only when Parliament is not in session and has not been called. The ...

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  13. Robert B. Reich: We're now seeing a backlash against the bulliesRead the original story w/Photo

    Wednesday | The Baltimore Sun

    ... of bigotry to gain political power. Mr. Trump epitomizes it all. As a businessman, he stiffed contractors, used bankruptcy to avoid paying creditors, and wielded lawsuits to threaten critics. As a politician, he gained traction by alleging that ...

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  14. Closed Bank Standard issued loans with a zero rateRead the original story w/Photo

    Wednesday | Trend

    Azerbaijan's Bank Standard issued loans for 304 million manat with zero interest rate during its overall activity, Akram Hasanov, lawyer, chairman of the Creditors' Committee, said. Hasanov made the remarks at a meeting of creditors with the management of the Azerbaijan Deposit Insurance Fund in Baku Nov. 21. He emphasized that the issuance of loans with zero rate is contrary to the banking legislation of the country and is more typical of Islamic banking legislation, which does not work in Azerbaijan.

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  15. New Survey by American Consumer Credit Counseling Finds Majority of...Read the original story w/Photo

    Wednesday | PRWeb

    ... their biggest saving obstacles (28 percent). ACCC is a 501(c)3 organization that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For ...

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  16. Government to bring in ordinance for changes in insolvency lawRead the original story w/Photo

    Wednesday | The Times of India

    The Insolvency and Bankruptcy Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry.

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  17. Shuttered Snappers seeks protection from creditorsRead the original story w/Photo

    Wednesday | The Honolulu Advertiser

    A more than 25-year-old Waikiki sports bar that had been trying to deal with disruptive sewer and storm drain flooding along with a federal sexual harassment lawsuit has filed for bankruptcy after closing two weeks ago.

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  18. ArcelorMittal team visits Essar Steel, Bhushan Steel plants amid acquisition bidRead the original story w/Photo

    Wednesday | The Times of India

    ... installed capacity of 10 mtpa, is going through insolvency resolution under the provisions of the Insolvency and Bankruptcy Code ( IBC ). The expression of interest (EoI) for the company was invited by October 23. "The Essar group has (also) ...

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  19. SC restrains directors of Jaiprakash Associate Limited from alienating propertiesRead the original story w/Photo

    Wednesday | The Indian Express

    ... against the real estate firm at National Company Law Tribunal (NCLT). Flat buyers, under the Insolvency and Bankruptcy Code of 2016, do not fall in the category of secured creditors like banks and hence they can get back their money only if ...

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  20. Cabinet approves amendments to nab wilful defaulters: ReportRead the original story w/Photo

    Wednesday | The Times of India

    NEW DELHI: The Union cabinet on Wednesday gave approval to amend the Insolvency and Bankruptcy Code to prevent wilful defaulters from bidding for stressed assets, two TV channels reported citing unnamed sources. The finance ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed assets again as it strives to cut the record $147 billion soured loans accumulated in the banking sector.

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