Environmental Protection Authority tips fast-track-listed Energy Farms into liquidation – BusinessDesk | NZ
Environmental Protection Authority tips fast-track-listed Energy Farms into liquidation BusinessDesk | NZ Read the original article here
Warner Bros. Is Close to Winning Support for Debt Overhaul – Bloomberg.com
Warner Bros. Is Close to Winning Support for Debt Overhaul Bloomberg.com Read the original article here
Marelli Approved to Borrow $519 Million at Start of Bankruptcy
(Bloomberg) — Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a request for some parts of a financing package questioned by a federal bankruptcy watchdog. The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be…
HMRC gets £1.7bn for big increase in compliance and debt management staff
HM Revenue and Customs will get £1.7bn over the next four years to fund 5,500 extra compliance and 2,400 extra debt management staff. The funds were announced in yesterday’s Spending Review, where HMRC was also given £500m to invest in digital services over the same period “to make HMRC a truly digital-first organisation”. The Red…
Katie Price faces wait over further bankruptcy-related proceedings
Katie Price faces a wait to see whether more of her income will go directly towards paying off money owed under her two bankruptcies. The former glamour model was declared bankrupt in November 2019 and again in March last year, and the bankruptcies have since been discharged. However, Price, who did not attend the hearing…
CFPB Reopens Enforcement in Student Debt Relief Case
On June 10, the CFPB moved to reopen its 2021 enforcement action against the final remaining defendant in a student debt relief case involving over $3.4 million in alleged illegal advance fees. The Bureau, under Acting Director Russel Vought, told the U.S. District Court for the Central District of California it will proceed against the individual defendant following a four-month…
Weight Watchers Goes Bankrupt After Rise of Ozempic-Like Drugs
Ozempic and other drugs like it have been threatening the established diet industry since they premiered — and it appears that Weight Watchers is now getting the hatchet. In a note to investors, the long-running weight loss company is taking the “strategic action” of filing for bankruptcy in hopes of consolidating its immense $1.15 billion…
Tash kisses passport goodbye as she declares bankruptcy – The West Australian
Tash kisses passport goodbye as she declares bankruptcy The West Australian Read the original article here
BIOMILQ files for bankruptcy amid ‘devastating’ IP dispute
BIOMILQ—a startup culturing mammary cells to produce bioactives found in breastmilk—has filed for bankruptcy amid a protracted IP dispute with the ex-husband of one of the cofounders that she says rendered the firm “uninvestable and unacquirable.” Founded in 2020 by cell biologist Dr. Leila Strickland and food scientist Michelle Egger, North Carolina-based BIOMILQ originally planned…
Venture debt financing for startups
Why raise venture debt? Venture debt is a loan designed for fast-growing investor-backed startups, providing them with access to non-equity capital with minimal dilution. It’s a debt financing solution ideal for venture-backed companies that have raised a Series A or a sizeable seed round of $5M+. It is often secured at the…