COVID-19: UK Insolvency Reform – Standardising Company Voluntary Arrrangement Proposals – JD Supra

EXECUTIVE SUMMARY R3 Association of Business Recovery Professionals (R3), a trade association for the United Kingdoms insolvency and restructuring industry, has launched a standard form proposal (Standard Form) for company voluntary arrangements (CVAs). A CVA is a contractual arrangement between a financially distressed company and its creditors. The Standard Form has been drafted in consultation…

COVID-19 UK Insolvency – Voluntary Arrangement Proposals – The National Law Review

Tuesday, November 3, 2020 Executive Summary R3 Association of Business Recovery Professionals (R3), a trade association for the United Kingdoms insolvency and restructuring industry, has launched a standard form proposal (Standard Form) for company voluntary arrangements (CVAs). A CVA is a contractual arrangement between a financially distressed company and its creditors. The Standard Form has…

AFSA sounds dodgy advisor warning ahead of insolvency wave – AccountantsDaily

The Australian Financial Security Authority has issued a warning around dodgy insolvency advisors ahead of an anticipated spike of bankruptcies. The personal insolvency regulator has now launched a public campaign to raise awareness on the prevalence of dodgy insolvency advisors and tell-tale signs for the public to look out for. The Australian Financial Security Authoritys…

Retail’s Toll Sends Mall Operator CBL Into Bankruptcy – The Motley Fool

The retail apocalypse claimed another victim after shopping mall operator CBL and Associates Properties (NYSE:CBL) declared bankruptcy on Sunday. Although the real estate investment trust was struggling for years, rumors of a possible collapse have been circulating since the summer. It may have been a foregone conclusion after J.C. Penney (OTC:JCPN.Q), one of CBL’s biggest…

Barcelona face risk of bankruptcy as LaLiga giants need to save £171m before Nov 5: Report – Republic World

Barcelona appear to be a club in crisis both on and off the field. The Blaugrana have managed just eightpoints in sixleague games so far, enduring their worst start to a LaLiga campaign in 18 years. Their struggles off the field have been well documented as well, with multiple reports discussing Barcelona’s financial status, pointing…