Laurentian emerges from insolvency ahead of Nov. 30 deadline – iHeartRadio.ca

Laurentian University has formally exited the insolvency process, the school announced Monday, ending almost two years of turmoil at the institution. LU sent shockwaves across the community Feb. 21, 2021, when it announced it was insolvent and was entering protection from creditors under the Companies Creditors Arrangement Act (CCAA). It was the first time a…

Australian insolvency numbers continue to decrease – Savings.com.au

The Australian Financial Security Authority (ASFA) has published data that continues an encouraging annual decrease in personal insolvencies. A total of 2,410 personal insolvencies were recorded in the September 2022 quarter, down 8.1% from the same time in 2020. Of these, 59.2% were bankruptcies and 39.5% were debt agreements, with the remainder personal insolvency agreements…

Laurentian emerges from insolvency ahead of Nov. 30 deadline – CTV News Northern Ontario

Laurentian University has formally exited the insolvency process, the school announced Monday, ending almost two years of turmoil at the institution. LU sent shockwaves across the community Feb. 21, 2021, when it announced it was insolvent and was entering protection from creditors under the Companies Creditors Arrangement Act (CCAA). It was the first time a…

High Court approves 170m debt write-off for Cork property developer Barry Harte – Irish Examiner

The High Court has approved a Personal Insolvency Arrangement (PIA) allowing a former property developer and investor write-off approximately 170m of debt owed to parties including Nama and various financial institutions. The PIA was made in favour of 55-year-old Barry Harte, from Timoleague, Bandon, Co. Cork, who is to provide a total of 80,000 to…

Crypto Lender BlockFi Declares Bankruptcy As FTX Aftermath Continues: What You Need To Know – Benzinga

The collapse of the worlds third largest cryptocurrency exchange FTX has claimed another victim, with crypto lender BlockFi filing for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jerseyon Monday. In its bankruptcy filing, the company stated that it had liabilities and assets ranging from $1 billion to…

BlockFi Commences Restructuring Proceeding to Stabilize Business and Maximize Value for all Clients and Stakeholders – Business Wire

JERSEY CITY, N.J.–(BUSINESS WIRE)–BlockFi Inc. and eight of its affiliates (BlockFi or the Company) today commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the Court) to stabilize its business and provide the Company with the opportunity to consummate a comprehensive…

Kalera Announces Restructuring Process for German Subsidiary – Yahoo Finance

Kalera Inc. ORLANDO, Fla., Nov. 28, 2022 (GLOBE NEWSWIRE) — Kalera Public Limited Company(Kalera or the Company) (Nasdaq: KAL), a vertical farming company headquartered inOrlando, Fla., today announced that the Company has decided to initiate the restructuring of its German subsidiary, Kalera GmbH (f/k/a &ever) through a court-supervised process. Following Kalera PLCs announcement on October…