German court rejects shareholders’ bid for more of Wirecard insolvency spoils Reuters
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Another travel company to liquidate, all trips canceled TheStreet
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The Board of Directors for Aimco has decided to sell the REIT’s remaining assets, concluding its strategic review process.
In January 2025, Denver-based Aimco’s board of directors decided to explore alternatives to “unlock and maximize shareholder value,” which included a potential sale of the REIT as a whole or a disposition of major components of the business.
The REIT cited “the disparate composition of Aimco’s remaining assets and the market feedback received during a robust strategic process” as a driver behind the decision, according to a Nov. 10 press release.
The sale of the REIT’s remaining assets in multiple transactions “is likely to deliver…
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Disgraced financier Crispin Odey has placed a gold investment firm he controlled into liquidation, City AM can reveal.
Tri-Star…
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Denver apartment giant with $1.4B in assets plans liquidation The Business Journals
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Credit card debt has reached staggering heights nationwide, with cardholders now carrying over $1.23 trillion in outstanding balances. And, credit card rates have been sitting close to record highs over the past year, which means that the cost of carrying that debt has only gotten steeper. With the average credit card APR now hovering over 20%, many card users’ balances are growing…
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IMF working with Senegal on reforms to underpin new support program Reuters
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When consumers learn a business is filing for bankruptcy protection, often the first image that comes to their minds is a company in financial distress.
Economic problems are not the only reason businesses need to file for bankruptcy, as the automatic stay provision of bankruptcy can help a company facing litigation to fend off legal consequences while a bankruptcy case proceeds.
A bankruptcy filing can also delay regulatory sanctions from government agencies until after a company resolves its insolvency issues.
As such, certain home improvement businesses have filed for bankruptcy this year, due to legal and regulatory issues, rather than financial distress.
Hard surface flooring producer and distributor Wellmade Floor…
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The National Company Law Tribunal (NCLT) at Hyderabad has recently ordered the liquidation of Maharashtra-based Pioneer Gas Power Limited after all attempts to revive the company through the insolvency process failed.
A bench comprising Judicial Member Rajeev Bhardwaj and Technical Member Sanjay Puri, in an order passed on November 11, allowed the liquidation application filed by Bright Star Resolution Professionals LLP, acting as the Resolution Professional for Pioneer Gas Power Limited.
The insolvency proceedings had originally been initiated by financial creditor IFCI Limited on January 12, 2024, following a default on a loan extended to the company. During the process, financial creditors submitted claims totaling Rs 4,137 crore,…
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Manipal Group submits EOI for Think & Learn (Byju’s parent) under insolvency. MEMG seeks access to info for resolution plan.
As per the EOI, MEMG has requested access to the information memorandum, virtual data room, evaluation matrix, and other information in order to assess the feasibility of preparing and submitting a resolution plan.
According to documents filed with the Resolution Professional (RP), MEMG India has sought to be included in the list…
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“There’s nothing more important to the league and its fans than the integrity of the competition.” So says Adam Silver , commissioner of the National Basketball Association .
He was referring to dual indictments unveiled Oct. 23 , which alleged that NBA players and coaches had disclosed nonpublic team information to a criminal gambling ring; engaged in wire fraud and money-laundering conspiracies; and participated in rigged poker games that involved elaborate cheating technology, an assortment of hustlers, four Mafia families and a bouncer known as Albanian Bruce. “Integrity” isn’t the first word that comes to mind.
Since the Supreme Court opened the U.S. gambling market in 2018, 39 states…
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Right now, credit card balances are at record highs, and the interest rates these short-term borrowing tools come with aren’t far off. Americans owe roughly $1.23 trillion in credit card debt, a figure that’s risen sharply alongside persistent inflation and years of high borrowing costs. And, they owe that collective amount at a time when credit card interest rates are averaging around 21%,…


