Tuesday, October 20, 2020 EXECUTIVE SUMMARY On 8 October 2020, the UK Government’s Insolvency Service issued areporton the state of pre-pack sales following the administration of insolvent UK companies (Pre-Pack Sales) and publisheddraft regulationsto require enhanced scrutiny of Pre-Pack Sales to connected parties during the administration process (the Draft Regulations). If the Draft Regulations are…
During the pandemic, The Buckeye Institute has proposed a number of commonsense policy solutions that have helped keep businesses open, helped keep Ohioans healthy, and have helped families put food on the table. Unfortunately, during these trying times, crushing debt has added to the struggles of thousands of Ohioans. While a variety of government programs…
Australians living overseas repaid $127 million in HELP debt in 2019-20, an increase of $27 million on the previous year. In total $310 million has been repaid since the Morrison Government introduced overseas repayment obligations on HELP debts in 2016. Minister for Education Dan Tehan said Australias HELP loan scheme was among the most generous…
HOUSTON, Oct. 20, 2020 /PRNewswire/ –Yuma Energy, Inc. (OTC Pink:YUMAQ) (“Yuma” or the “Company”), together with its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the “Debtors”), announced today that its voluntary Chapter 11 petition for relief under the United States…
Small and medium businesses (SMBs) that are facing insolvency shouldnt be subject to the same rules as other businesses, the Law Council of Australia said. The peak body of Australias legal profession said that Australia should move away from a one-size-fits-all approach under the Corporations Act of 2001. The Law Council said it was supporting…
Buffeted by the pandemic coming on top of long-term changes in health care, the owner of Franklin Regional Hospital and Lakes Region General Hospital has declared bankruptcy, with Concord Hospital stepping up as a suitor. Mondays decision by two of the states smallest hospitals to declare Chapter 11 bankruptcy is part of a general pattern…
U.S. corporate bankruptcies continue to pile up amid the coronavirus pandemic but at a rate that continues to slow down from earlier in the crisis. Twenty companies joined the list of bankruptcies in the last two weeks, according to an S&P Global Market Intelligence analysis. This is slightly below the number of filings in comparable…
The scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt,BlackRock said Monday. Sub-investment grade debt outstanding ballooned to $US5.3 trillion since 2007. The coronavirus pandemic only exacerbated the growth, as the Federal Reserves bond purchases revived the credit market and companies rushed to raise cash. Yet the pandemic also…
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return since Sept. 23, 2010 is 276.8%. On that day in history, movie rental giant Blockbuster officially declared bankruptcy, officially marking the changing of the guard in video entertainment to Netflix, Inc. (NASDAQ: NFLX)…
October 20, 2020 07:00 ET | Source: Crystal Peak Minerals Inc. TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) — Crystal Peak Minerals Inc. (Crystal Peak or the Company) (TSXV: CPM, OTCQB: CPMMF) announced that it has completed the restructuring with EMR Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources fund 1, LP…