‘It’s all a mess’: Pandemic driving businesses to bankruptcy brink, and complicating restructuring efforts – Financial Post

Bankruptcies will be an inevitable part of the economic crisis brought on by the coronavirus pandemic, but that same upheaval is complicating the process of unwinding and restructuring businesses that are no longer viable. Lawyers and bankers tasked with restructuring firms or helping companies file bankruptcy proceedings say this situation, along with government aid, might…

Michael Jordan and The Last Dance: His gambling habits from $1.2m debt to $100,000 bets – Daily Mail

Michael Jordan’s incredible gambling habits were revealed in ‘The Last Dance’, from alleged $1.2m debts on golf bets to games of rock, paper, scissors worth $100,000… but did his love of big-money wagers cause his 1993 retirement? Michael Jordan’s extensive gambling habits were covered in The Last Dance They revealed that the former Chicago Bulls…

COVID-19 Economics: Financial gurus bracing for a ‘tsunami’ of bankruptcies in 2021 – 9News

Australia could face a “tsunami” of bankruptcies when government support packages and existing capital run dry as a result of COVID-19, a lead financial institution has warned. Malcolm Howell, bankruptcy trustee and partner at insolvency firm Jirsch Sutherland, forecasts that the majority of these bankruptcies will come in 12 to 18 months time thanks to…