Life after insolvency, a six-month journey for insurance coverage – FOX 4 News Fort Myers WFTX

PORT CHARLOTTE, Fla. Barbara Pellegrino has a story tens of thousands of Southwest Florida residents can relate to. It involves hurricane damage, a fight with her insurance company and ultimately an insolvency. You gotta take a deep breath, said Pellegrino detailing her six-month journey to Fox 4 Investigates. I gotta get my house fixed. Her…

Lightyear reboots with smaller team and fresh funding aiming at low … – Interesting Engineering

Lightyear, a Netherlands-based startup, has resumed its business as a new firm with a substantially smaller crew months after officially declaring bankruptcy but claiming to continue development of its mass-market solar EV, the company announced. According to a press release issued today by the startup, it has completed a restructuring plan that has pleased all…

New owner to continue the rescue lift business of Sievi Capital's target company Nordic Rescue Group – Marketscreener.com

Sievi Capital PlcPress Release 4 April 2023 at 11:00 am EESTNew owner to continue the rescue lift business of Sievi Capital’s target company Nordic Rescue GroupNordic Rescue Group’s (NRG) subsidiary Vema Lift Oy was declared bankrupt in December 2022, and its business has been sold to a new owner, which will continue the rescue lift…

SVB and Distressed Banks: Lessons Learned from a Wild Weekend – Morgan Lewis

LawFlash March 14, 2023 US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March…

Investors left in the lurch after developer Shaw declared bankrupt – The Australian Financial Review

Mar 31, 2023 5.00am Investors who tipped in $11.4 million earmarked for residential property projects are being left largely empty-handed after property developer Greg Shaw was declared bankrupt on Thursday. More than 130 investors tipped $14.1 million into projects across NSW, Queensland and Victoria after a marketing blitz run by self-styled property mogul Sasha Hopkins…