1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? The United States can most accurately be described as reorganisation-friendly, as the Bankruptcy Code is designed to facilitate a fresh start for a debtor, while maximising recoveries for all stakeholders, including creditors. On the one hand, the United…
Quadrant Televentures Issues Revised Expression of Interest Under Insolvency Process scanx.trade Read the original article here
The tender-driven empire of politically connected businessman Edwin Sodi is slowly crumbling under the weight of liquidations, a R50m creditor claim and a bid by authorities to blacklist him from lucrative government contracts. The Sunday Times can reveal that Sodi’s company, NJR Projects, now known as the G5 Group, was liquidated by a creditor in…
DIP delay pushes Homeplus toward liquidation in South Korea – CHOSUNBIZ Chosunbiz Read the original article here
By AIDAN WONDRACZ, ASSISTANT NEWS EDITOR, AUSTRALIA Published: 09:54 AEDT, 31 January 2026 | Updated: 15:02 AEDT, 31 January 2026 An award-winning construction firm has collapsed, with staff notified about the news by email. Open Projects Group, which operates in south-east Queensland, was placed into liquidation this week. Director Kane McCarthy sent an email to…
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SITI Networks Defaults on Loans, Faces Insolvency with ₹1500 Cr Claims Whalesbook Read the original article here
The Chapter 11 bankruptcy process for Eiger Biopharmaceuticals has concluded, finalizing the company’s liquidation and leaving equity investors with a total loss. A U.S. bankruptcy court in Texas gave its approval to the final plan in September 2024, formally ending the biotechnology firm’s operations and voiding all common stock. Prior to the court’s confirmation, Eiger…
Corporate insolvencies set to rise again in 2026 as rate risks linger: Coface Insurance Business Read the original article here
In recent years, restructuring plans have become an increasingly popular tool for financially distressed companies seeking to navigate turbulent times. Yet while the benefits for debt-laden companies are clear, more needs to be done to safeguard the interest of creditors, write Opus Business Advisory partners Frank Ofonagoro and Gary Lee. Since their introduction under the…