Houston-based Diamond Offshore Drilling has emerged from chapter 11 after completing a financial restructuring. Diamond Offshore had been working on the restructuring since filing for chapter 11 in April 2020. The company has merged with a reduction of over $2.1bn of debt after the equitization of senior unsecured note obligations. It also has over $625m…
By Catrin Haf JonesBBC Wales political correspondent image copyrightGetty Imagesimage captionCouncil tax helps pay for services provided by local authorities Tackling the impact of council tax on the poorest people should be a “high priority” for the next Welsh government, a charity has said. Citizens Advice Cymru said council tax arrears were the “biggest debt…
Insolvency Of Personal Guarantors To Companies: An Atmosphere Of Uncertainty Top Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/law-firms/articles/insolvency-personal-guarantors-companies-uncertainty-173206
Scores of ‘zombie companies’ have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert. Revive Financial partner Jarvis Archer said the “clean up” of zombie companies was under way with an increase in liquidation appointments across a range of industries. A ‘zombie company’…
Paul Rossi was a director of Independent Derivative Traders Ltd, which traded as Futex and provided access to a financial markets trading platform for sub-contracted independent traders. The company was jointly managed by Rossis brother Mark Rossi and Daniel Goldberg. Independent Derivative Traders was incorporated in March 1995 but 11 years later in February 2016,…