April 2, 2021 - Insolvency Guardian

Business Restructuring Review | MarchApril 2021 | Jones Day – JDSupra – JD Supra

RestructuringBy Insolvency Guardian April 2, 2021

BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 2 MARCH APRIL 2021IN THIS ISSUE1 Tenants Election to Retain Possession of Rejected Lease Premises Preserves Obligations Under Related Agreements4 Washington Bankruptcy Court Approves Chapter 11 Plan Exculpation and Release Provisions7 Legislative Update: New Australian Insolvency Law Reforms Enacted for Small Businesses9 Third Circuit Invokes Equitable Mootness to Bar Appeal…

Downturn in pollie expenses during COVID – The Islander

BankruptcyBy Insolvency Guardian April 2, 2021

There may be an upside to the COVID-19 pandemic – at least for taxpayers. The Independent Parliamentary Expenses Authority says it administered parliamentary travel expenses of $42.7 million in 2019/20, down from $59.8 million the previous year. The authority attributes the change to MPs travelling less during the pandemic. The figure was revealed in an…

Real Help For Student Loan Borrowers (Outside Of Praying For Loan Forgiveness) – Forbes

Debt HelpBy Insolvency Guardian April 2, 2021

There have been plenty of rumors regarding federal student loan forgiveness, as well as several different plans that could bring this type of plan to fruition at least for some. For example, Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) have called for President Biden to forgive $50,000 in federal student loan…

Downturn in pollie expenses during COVID – The West Australian

BankruptcyBy Insolvency Guardian April 2, 2021

The 10 Oldest Airlines In The World – Simple Flying

BankruptcyBy Insolvency Guardian April 2, 2021

Advertisement: Humans have been flying since the Wright Brothers took to the air in 1903. Of course, airlines started later with the first scheduled passenger flights in 1914 (across Tampa Bay, Florida). We take a look here at the 10 oldest. Note that some of the orders and listings could change depending on exact dates…

Bankrupt oil tycoon once worth £125m was caught squatting in office, tribunal hears – Daily Mail

BankruptcyBy Insolvency Guardian April 2, 2021

Bankrupt oil tycoon once worth 125m was caught squatting in office of struggling firm in sleeping bag and yellow pants after posing as investor and getting his MOTHER to cough up funds, tribunal hears Calum Melville agreed to invest 50k into I Need Pampering Ltd, worth 250k Took three months for Melville, on Times Rich…

Relative chops another over gambling debt | Loop News – Loop News St. Lucia

GamblingBy Insolvency Guardian April 2, 2021

A cutlass attack earlier today has landed a Micoud resident in a critical but stable condition at hospital. According to reports, the incident involved two cousins over a gambling debt. Officers attached to the Micoud Fire Station responded to the incident at Ti Rocher, Micoud at about midday Thursday. Upon arrival, one man was found…

Pandemic-Related Insolvencies Reveal International Arbitration Issues – Bloomberg Law

BankruptcyBy Insolvency Guardian April 2, 2021

The global pandemic has devastated companies large and small, particularly in sectors such as travel, hospitality, and entertainment, but also in the blue-chip domains of manufacturing, retail, and energy. For many businesses, a sharp decline in revenue led to a liquidity crunch severe enough to threaten debt service and raise the specter of bankruptcy. Some…

Pre-pandemic data show 1 in 8 countries spends more on debt than on education, health and social protection combined UNICEF – UNICEF

Debt HelpBy Insolvency Guardian April 2, 2021

FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today. COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure…

Londonderry: Foyle College asks former pupils to help pay debt – BBC News

Debt HelpBy Insolvency Guardian April 2, 2021

By Robbie MeredithBBC News NI Education Correspondent image captionFoyle College moved to a new state of the art campus in the city’s Waterside in 2018 A Londonderry grammar school has asked former pupils to help pay an outstanding debt of 821,000 to the Department of Education (DE). A letter, which has been seen by BBC…

Daily Archives: April 2, 2021