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H2O further writes down Windhorst bonds after near bankruptcy

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 plunged into crisis in 2019 when the Financial Times revealed it had heavy exposure to illiquid securities linked to Windhorst, a flamboyant […]

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Back to basics – Part 2, Sequestration (bankruptcy)

This is the second article in ‘Back to Basics’, a series of articles examining insolvency processes in Scotland. This article will examine the judicial receivership process, focusing on the claims of creditors. Receivership is the Scottish legal term for personal bankruptcy. In a court order for receivership, a trustee is appointed to collect and realize […]

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2 Famous Anthony’s Restaurant Files Chapter 11 Bankruptcy After Hepatitis A Outbreak – WFXRtv

Home COVID test kits distributed quickly to Roanoke area libraries News / 51 minutes ago Video Health experts warn of flu-COVID combo known as ‘Flurona’ News / 52 minutes ago Video Fire crews offer advice after several weekend fires in our region News / 4 hours ago Video 2 The famous restaurant Anthony’s files for […]

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May 2021 Bankruptcy filings fall again

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) – Epiq, a global leader in technology services for the legal and business services industry, has released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information service company. New deposits for May fell to 34,734 across all chapters. This is a decrease of 15% from the […]

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Mediator ousted from the bankruptcy of the Boy Scouts; extended deadline

DOVER, Del. The Boy Scouts of America bankruptcy judge issued a ruling on Tuesday impeaching a former Delaware bankruptcy judge as mediator, saying a court case filed by the Boy Scouts raised questions about his impartiality. Judge Laura Selber Silverstein has removed Kevin Carey as one of the mediators tasked with trying to help opposing […]

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As Evergrande on the verge of bankruptcy, more Chinese developers will default | Asset owners

A version of this article first appeared on Finance asia. After China Evergrande Group admission As it is on the verge of bankruptcy, more Chinese real estate developers are expected to default in the next six to 12 months, according to S&P Global Ratings. China offshore bondholders Evergrande Group would not have received coupons Monday, […]

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Combined bankruptcy and restructuring case moves to New Jersey

Wednesday, December 8, 2021 Justice Craig Whitley’s recent transfer of the LTL Management case will result in a high-profile “Two-Step Texas” Chapter 11 bankruptcy in New Jersey, and it could open a new chapter in how the courts are approaching the news. transaction designed to isolate and deal with certain tort masses. Debtor LTL Management […]

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Publix-Anchored Mall in Boynton Beach Goes from Bankruptcy to Selling $ 80 Million – Business Watcher

Four years after a Publish– anchored mall sold in bankruptcy, the property traded again with an impressive price hike. german heavyweight Real Estate Investment Union paid $ 79.5 million for The fountains of Boynton Shopping Plaza, the property records show. In addition to Publix, tenants at the 185,372 square foot mall include LA Fitness, Duffy’s […]

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CEO of Private Jet Charter Company Convicted of Fraudulent Bankruptcy | USAO-EDVA

ALEXANDRIA, Virginia – A federal judge yesterday convicted a Reston businessman on a series of fraud charges relating to a bankruptcy case in which he discharged more than $ 6 million in personal debt. According to court records and evidence presented at trial, on July 13, 2017, President and CEO of Metropolitan Aviation, Alan Russell […]

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Nitrocrete, affiliates file for Chapter 11 bankruptcy – BizWest

FORT COLLINS – Nitrocrete LLC and four affiliated entities, including parent company Nitro Holdings LLC, have filed for Chapter 11 bankruptcy, blaming the disruption caused by the COVID-19 pandemic. Bankruptcy petitions were filed on November 18 in the U.S. Bankruptcy Court in Denver for these two entities, as well as for affiliates Nitrocrete IP LLC, […]