Puerto Rico power monopoly’s debt deal rejected – MarketWatch – MarketWatch

A $9 billion restructuring deal covering Puerto Rico’s public power monopoly failed to win approval on Tuesday from the island’s federal oversight officials, raising the likelihood of default at one of the largest U.S. utilities. The federal board overseeing Puerto Rico’s finances rejected the proposed settlement in a 4-3 vote, capping weeks of doubt about…

IBBI does a quality check on insolvency professionals to ensure quality – Economic Times

NEW DELHI/KOLKATA: The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capability-assessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially Rs 8-lakh-crore exercise, seeking to win over an ecosystem that remains skeptical about the efficiency of the recovery infrastructure. “Inspection and investigation are…

John Wood – The Conversation UK

Profile Articles Activity Dr John Wood obtained his undergraduate and postgraduate degrees in law from the University of Leeds. His LLM allowed him to specialise in corporate and commercial based subjects, specifically corporate insolvency law. His PhD, completed in 2013 was entitled: corporate rescue: a critical analysis of its fundamentals and existences. He has been…

Medical bill advocacy startup Better pledges all of its revenue towards relieving medical debt – TechCrunch

Put aside whatever shred of healthcare decency the Senate happens to be ripping out at the moment and take a look at Better, a startup helping people deal with out-of-network medical bills. The startup has just pledged 100 percent of its revenue towards relieving those stuck in serious medical debt at least until this fall. Better…