Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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Cosi makes a last-ditch effort to save itself – Restaurant Business Online
Photograph: Shutterstock Acknowledging its taking a tremendous risk, fast-casual chain Cosi asked a judge this week to dismiss its bankruptcy
Revlon Expands Restructuring Program, Focus on Revlon, Elizabeth Arden – WWD
Revlon Inc. is expanding its restructuring efforts, again. The latest restructuring effort, called the Revlon Global Growth Accelerator, is meant
IMF approves financing plan aimed at Sudan debt relief | | AW – The Arab Weekly
The amount of the financing was not disclosed, but the IMF and World Bank put Sudans total external debt at
How Do Credit Card Debt Management Plans Work? – PRNewswire
SAN JOSE, Calif., May 11, 2021 /PRNewswire/ --When you're struggling with credit card debt, rising balances on your monthly statements
High Court dismisses New Look landlords’ CVA challenge – Out-Law.com
New Look entered into a CVA in September 2020 as a result of the trading difficulties experienced during the Covid-19
Anticipating financial distress: Could developing countries borrow from the French and the US toolbox? – World Bank Group
As the COVID-19 crisis continues to hurt economic activity, promoting and encouraging the rehabilitation of distressed but potentially viable businesses
Jaypee Infra insolvency: NBCC, Suraksha group submit revised bids – Business Standard
NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted
Protecting Your Company Against Revenue Clawbacks: Preference Actions (Part 3 of 3) – JD Supra
This is the final part of our three-part series on revenue clawbacks. The scenario: a customer or teaming partner goes
PAL assures continued operations despite restructuring plans – INQUIRER.net
MANILA, PhilippinesTaipan Lucio Tans Philippine Airlines (PAL) announced its commitment to continue operationsincluding transporting vaccines and stranded Filipinosamid a looming
CCI approves internal restructuring of IBM under green channel route – Business Standard
CCI has approved Kyndryl Holdings and Grand Ocean Managed Infrastructure Services' proposal for the internal restructuring of IBM Corporation under
Taming the Phoenix: New Pre-Pack Regulations Come Into Force – Sidley Austin LLP
As the first May bank holiday weekend began, the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 (the
Portage Point Continues Turnaround & Restructuring Expansion with Addition of Seasoned Advisor Adam Chonich – PRNewswire
CHICAGO, May 11, 2021 /PRNewswire/ --Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners