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A protracted downturn in natural gas prices has battered the balance sheets of some oil and gas producers in Western Canada, driving…
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Tighter rules around well cleanups make it tough for junior oil and gas producers to weather swings in energy prices
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Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says:
“The monthly rise in corporate insolvencies is due to an increase in all forms of corporate insolvency process, with the most notable increases coming in Creditors’ Voluntary Liquidations (CVLs) and Compulsory Liquidations. Compared to this time last year, corporate insolvency numbers have fallen, and this is due to a reduction in CVLs and Compulsory Liquidations, while Administration numbers were higher last month than in November…
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Bank of America Wraps Up $1 Billion Debt Swap for Ecuador Bloomberg
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Germany’s Manz machine maker to apply for insolvency MSN
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The Cost of Abortion Is Medical Debt—Meaning, You Can Help Cancel It Jezebel
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Wall Street firms are debating whether US high-grade corporate bond sales can set a record in 2025 as just over $1 trillion of notes are set to mature.
Some key elements for a big year are in place after 2024 issuance set a multiyear high. Companies unleashed a record wave of bond sales early this decade, when the Federal Reserve cut rates to near-zero after Covid-19 hobbled economic activity. The echo of that boom is now coming as four- and five-year bonds sold then are coming due. Many will need to be refinanced.
On top of that, the …
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Wall Street firms are debating whether US high-grade corporate bond sales can set a record in 2025 as just over $1 trillion of notes are set to mature.
Some key elements for a big year are in place after 2024 issuance set a multiyear high. Companies unleashed a record wave of bond sales early this decade, when the Federal Reserve cut rates to near-zero after Covid-19 hobbled economic activity. The echo of that boom is now coming as four- and five-year bonds sold then are coming due. Many will need to be refinanced.
On top of that, the …
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Prolink NZ has been under investigation by Immigration NZ for more than a year.
Photo: RNZ / Lucy Xia
An Auckland-based labour hire company at the centre of a migrant exploitation investigation is in liquidation, and 190 workers – mostly migrants on work visas – are set to lose their jobs.
Prolink NZ was under investigation by Immigration New Zealand (INZ) as early as September last year, after complaints from workers who say they have been [https://www.rnz.co.nz/news/national/532949/chinese-workers-still-waiting-for-answers-a-year-after-investigation-began
cheated thousands of dollars, but have had little to non full-time work].
Licensed Insolvency Practitioner Pritesh Patel was appointed by Prolink NZ to liquidate the…
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Prolink NZ has been under investigation by Immigration NZ for more than a year.
Photo: RNZ / Lucy Xia
An Auckland-based labour hire company at the centre of a migrant exploitation investigation is in liquidation, and 190 workers – mostly migrants on work visas – are set to lose their jobs.
Prolink NZ was under investigation by Immigration New Zealand (INZ) as early as September last year, after complaints from workers who say they have been [https://www.rnz.co.nz/news/national/532949/chinese-workers-still-waiting-for-answers-a-year-after-investigation-began
cheated thousands of dollars, but have had little to non full-time work].
Licensed Insolvency Practitioner Pritesh Patel was appointed by Prolink NZ to liquidate the…
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WAYNE COUNTY, Mich. – The Wayne County Department of Health, Human, and Veteran Services announced that $27 million in outstanding medical debt is being erased for more than 46,000 residents.
This debt relief is possible due to a partnership between the county and the nonprofit Undue Medical Debt.
“Since we first announced this new program in March of this year, a program designed to wipe out more than $700 million in medical debt, I am extremely pleased to see the program’s success thus far in helping so many of our residents in need,” said Wayne County Executive Warren C. Evans in a release. “These resources will help to eliminate the stress they have been under as they juggle how to pay for crushing hospital bills while…
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Hyatt Affiliated Lindner Hotels Has Filed For Bankruptcy Insolvency LoyaltyLobby
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German multinational machinery maker Manz announced from its Reutlingen headquarters on Wednesday that it is to apply for insolvency.
The company’s executive board took the decision on account of inability to pay its bills and high debts. The application is to be made in the next few days.
The company’s lenders had decided not to come up with additional funding following intensive talks between the board and investors, it said.
The board was continuing to talk to potential investors, it added.
Manz, which focusses on the automotive industry and electromobility, posted turnover of around €250 million ($260 million) in…