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Daily Archives: July 9, 2021

Idaho Lifts Its Opposition To Opioid Bankruptcy Settlement – Boise State Public Radio

BankruptcyBy Insolvency GuardianJuly 9, 2021

Idaho is one of 15 states now agreeing to a controversial bankruptcy plan involving Purdue Pharma, with the state poised to receive tens of millions of dollars from the OxyContin maker if the deal is approved. Two dozen states and D.C. originally opposed a $3 billion bankruptcy plan from Purdue Pharma and the Sackler family…

Businesses unhappy with lukewarm bank debt restructuring – VnExpress International

RestructuringBy Insolvency GuardianJuly 9, 2021

Dang Tuan Anh, CEO of taxi firm Thanh Loi Group, said: “Every time there is an outbreak, I request banks to reduce interests on existing loans. But they only say they will consider.” With over 600 vehicles operating in Hanoi and two neighboring provinces, the 20-year old company has been struggling amid the latest Covid…

Removalists pack up shop leaving contractors short-changed – Big Rigs

LiquidationBy Insolvency GuardianJuly 9, 2021

Iconic removalists WridgWays Australia has been placed into voluntary administration, leaving staff and contractors facing an uncertain future. In response to a damning story by A Current Affair, WridgWays Australia CEO Kobus Fourie released a statement today confirming the news, adding that the majority of employees were stood down. We are saddened by this turn…

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