TALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nations state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first…
©Bloomberg The rate at which UK property companies entered insolvency reached its highest point in six years in 2015 as rising property values prompted lenders to put zombie companies out of their misery and reclaim their assets. Some 346 property companies went out of business in the second quarter of 2015, the most recent period…
HOUSTON–(BUSINESS WIRE)–Swift Energy Company (OTC PINK: SFYW) (the Company) announced today that it has reached an agreement with holders of a majority of its senior notes to convert all senior notes to equity pursuant to the terms of a restructuring support agreement signed today. Under the agreement, existing equity holders are to retain four percent…