In This Issue: Eighth Circuit Rules that Bankruptcy Code’s Cap on Lease Damage Claims Applies to Fraudulent Transfer Judgment In Lariat Cos. v. Wigley (In re Wigley), 951 F.3d 967 (8th Cir. 2020), the U.S. Court of Appeals for the Eighth Circuit reversed a bankruptcy appellate panel decision and held that an individual debtor’s joint…
Alligator Bloods colourful managing owner is organising a Men In Black style private security detail to shadow the Group I winners every move during the Sydney spring, including a motorcade to escort the galloper to the races. Allan Endresz, who was declared a bankrupt last week for the fourth time in his ongoing multi million…
Over 1,700 sub-investment grade mid-size companies (those with turnover of Rs 300-1,500 crore) will need debt restructuring to withstand the Covid-19 onslaught, said CRISIL Ratings on Monday. A total of 1,754 sub-investment grade firms (BB+ or lower) and 589 investment grade entities (BBB- and above) had opted for moratorium on repayment of dues during March-August…
“We have publicly supported the idea of a multi-seller warehouse,” Mr Nicholl told The Australian Financial Review. He said it would benefit small lenders that lacked the scale to get their costs down. “This should help them and is a good development for the market.” The aim is for such structures to eventually stand on…
EXCLUSIVE: ‘He’s the biggest craps player ever!’ How NBCUniversal exec Ron Meyer, who stepped down after affair with actress was exposed, blew $100M of his fortune gambling, lost up to $7M in one night and chartered helicopters to go casino-hopping Ron Meyer was forced to step down earlier this month after blackmailers sent a draft…
Mayor of Whiting, Indiana, Joseph Stahura has been charged for wire fraud and filing a false income tax return after using campaign money for personal spending. According to the court record, his wife Diane Stahura also misused the campaign funds. Whiting Mayor Charged with Wire, Tax Fraud Joseph Stahura, Whiting, Indiana Mayor since 2004 has…
A report issued by one of Australias leading credit agencies is warning COVID-19 insolvency relief measures will cause a domino effect of business shutdowns. CreditorWatch says the safe harbour moratorium that is relaxing insolvency rules will dent business confidence and plunge the country into a deeper recession, as government assistance mechanisms are propping up businesses…
HAMILTON, Bermuda, Aug. 31, 2020 /PRNewswire/ — Certain of the new secured noteholders (the “NSNs”) approached Seadrill Limited (the “Company”) to discuss the possibility of extinguishing the outstanding NSNs in exchange for certain secured collateral. The attached slide details the Company’s response to the proposal from the NSNs. FORWARD LOOKING STATEMENTS This release includes forward…
University degrees could take 20 years to pay off under the Governments proposed HECS-HELP plan, with humanities and communications degrees taking the biggest hit. Arts, humanities, communications and social science degrees could take twice as long to pay off as it does under the current system. The plan puts a cap on what students can…
IMAGE:With companies folding like a deck of cards due to COVID-19, there is no time more critical than now to conduct research into insolvency laws. The man handed that mission,… view more Credit: Singapore Management University SMU Office of Research & Tech Transfer – Big or small, businesses across the world are threatening to topple…