1. How big is the problem? Chinese defaults were at a record pace by mid-year with more than $25 billion in onshore and offshore payment failures. That compares to $29.9 billion for all of 2020. Defaults in the private sector in China actually dropped early last year, largely due to pandemic-related pressure valves such as…
{{featured_button_text}} MATTOON Real estate agent Delia Bunyard of Century 21 Kima Properties was the guest speaker for a recent Kiwanis Club of Mattoon hybrid in-person/Zoom meeting. Bunyards stated mission as a real estate agent is to defy mediocrity and deliver extraordinary experiences for her clients. Bunyard talked about the local real estate market and how…
Recovering from bankruptcy is tedious; you never know how long it will take before returning to a more stable financial life. During this time, thinking of getting another loan might even seem futile. However, there’s still hope, thanks to mortgage companies that deal with bankruptcies. The process of getting a mortgage after bankruptcy can be…
Even prior to the global impact of COVID-19, commercial bankruptcy filings were already on the rise. As stay-at-home orders caused many businesses to close or significantly curtail operations in 2020, financial struggles in the commercial sector mounted. Government assistance through the passage of different stimulus programs such as the Coronavirus Aid, Relief, and Economic Security…
A local small business owner who put out an emotional video crying out for more help from the government was likely operating a company that was trading while insolvent. On Instagram, Carly Soderstrom posted a video saying small businesses couldn’t afford repeated lockdowns, and put direct blame for her financial woes on the pandemic. But…
Companies on the brink of insolvency are increasingly appointing independent directors to their boards as they prepare for a bankruptcy filing, but their neutrality is disputed by creditors, lawyers and academics. The companies label these directors as disinterested experts who act to maximize value for creditors by investigating the reasons for the bankruptcy, dealings between…
Pramote Polyamate John Bell, director and founder of Clarke Bell, reflects on the impact that reduced government support will have on struggling businesses over the months ahead and shares some advice on how companies can best navigate these financial challenges The next few weeks and months are going to be financially challenging as we tackle…
The city of Huntsville, as well as other north Alabama government entities, have fully recovered incentives used to lure Remington Arms to open a gun manufacturing facility in the Rocket City. Huntsville officials made the announcement Friday in a statement, saying that $12.5 million in incentives to Remington has been regained through the sale of…
Thursday, July 22, 2021 Even prior to the global impact of COVID-19, commercial bankruptcy filings were already on the rise. As stay-at-home orders caused many businesses to close or significantly curtail operations in 2020, financial struggles in the commercial sector mounted. Government assistance through the passage of different stimulus programs such as the Coronavirus Aid,…
Mr Greensill was recruited by a former colleague at Morgan Stanley, Jeremy Heywood, who by 2011 was back in government as cabinet secretary, the governments most senior mandarin. Lord Heywood died of cancer aged 57 in 2018. Mr Boardman said Lord Heywoods initial appointment of Mr Greensill for a three-month stint in early 2012 followed…