Crypto Lender BlockFi Declares Bankruptcy As FTX Aftermath Continues: What You Need To Know – Benzinga

The collapse of the worlds third largest cryptocurrency exchange FTX has claimed another victim, with crypto lender BlockFi filing for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jerseyon Monday. In its bankruptcy filing, the company stated that it had liabilities and assets ranging from $1 billion to…

Celtic Tiger-era Cork property developer escapes debts of 170 million in court deal – The Irish Times

The High Court has approved a personal insolvency deal for former Cork dentist-turned-property developer Barry Harte allowing him to escape Celtic Tiger-era debts of 170 million. Mr Harte applied for a personal insolvency arrangement (PIA) from Mr Justice Alexander Owens through which he will write off legacy debts from his collapsed property portfolio that was…

Almost 28,000 Brits in personal insolvency amid cost of living crisis – Yahoo Canada Finance

Personal insolvency: There were 27,927 individual insolvencies in the quarter to September. Photo: Press Association Nearly 28,000 personal insolvencies were recorded in Britain over the last three months as inflationary pressures and the cost of living crisis took their toll. According to the Insolvency Service on Friday, there were 27,927 individual insolvencies in the quarter…

Cumulative recovery rate under insolvency resolution falls to 30.18 pc in September quarter: Report – Economic Times

The cumulative recovery rate under the insolvency resolution processes of debt-ridden companies declined to 30.18 per cent at the end of the September quarter, indicating that lenders took more haircut on their exposure, shows a study. The recovery rate has fallen steeply from a peak of 43 per cent in Q1 FY20. Of the Rs…

Once dominated by behemoths, Louisiana insurance increasingly provided by unproven carriers – NOLA.com

Once upon a time, most Louisianans insured their homes with a traditional behemoth, a giant of the industry, like State Farm, Allstate, Farmers or USAA. No more. Today, a sizable share of Louisiana homeowners now buy their insurance from small, undercapitalized and often unproven companies that lack the huge reserves to protect them when catastrophe…

AFSA registers Kristen Triglone (PKF) as trustee in bankruptcy – Consultancy.com.au

07 November 2022 Consultancy.com.au 2 min. read The Australian Financial Security Authority (AFSA) has registered Kristen Triglone a restructuring consultant at PKF as a trustee in bankruptcy. Based in PKFs Sydney office, Triglone becomes the countrys 209th advisor to join so-called Registered Trustee National Panel. Notably, only 10% of trustees are female. Obtaining this registration…