May 25 (Reuters) – Cineworld (CINE.L) expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday, adding that its proposed debt restructuring has the backing of most of its lenders. The world’s second largest movie theatre chain operator after AMC Entertainment (AMC.N) filed for U.S. bankruptcy protection…
May 25, 2023 6.58pm Rivet Mining Services founder Mark Rowsthorn, who poured more than $30 million into the logistics group, is likely to have had his investments wiped out after the companys lender put the parent company into administration. RMS emerged out of the ashes of former transport group McAleese, which was also run by…
Among all the sectors, the real estate sector has the lowest percentage of resolution of insolvency cases, with paltry 4% of the real estate cases getting resolved. The complex nature of the real estate business, which involves developers, bankers and customers among others, make successful resolution of cases extremely difficult. Needless to say, the process…
Money Management can confirm that Advice Intelligence is in financial difficulty and has entered voluntary administration. Advice Intelligence has entered voluntary administration following the decision from their investor, Regal Funds Management (Phil King), opting to withdraw future funding. This decision is founded upon a landscape of high-interest rates, economic uncertainty, and the overall tightness of…