September 6, 2023 Practices: Business Restructuring Turnaround Management Association recognizes business restructuring partner, Benjamin Rhode for successfully leading a team that represented an ad hoc group of first and second lien lenders of CHC Group LLC, a helicopter services company. The transaction won in the Large Company category. Benjamin advises public and private companies on…
The rate of insolvency appointments for local fintechs is expected to be up by around a quarter for the whole of 2023 based on the rate of failures to May this year, according to a recent BDO report. There has been an increase in the number of fintech failures in 2022, with the 2023 run…
A Melbourne model who was crowned Miss Universe Australia last week is the eldest daughter of two property developers who went bankrupt owing $100 million and has 10 companies herself that are in the sights of the nations financial regulator. Moraya Wilson is the sole director and shareholder of 10 companies, but her representatives told…
Gambling can be a fun activity for adults, but it also comes with risks. For some individuals, gambling can develop into a serious problem that can negatively impact their personal and financial well-being. Problem gambling is defined as behavior that disrupts your personal life, your family, or your job pursuits and creates significant negative consequences.…
Kenyan President William Ruto announced the adoption of the Nairobi Declaration. Over 20 African countries unanimously adopted the Nairobi Declaration on Wednesday, a document that sets out the continents demands for climate finance and debt relief ahead of the United Nations climate negotiations in Dubai later this year. The declaration calls for a global carbon…
The English councils that have gone ‘bankrupt’: Birmingham becomes the latest authority to run out of cash amid warnings dozens more could follow – is your local authority at risk? The Labour-run local authority will halt almost all spending in the city Councillors blamed lower business rates, inflation, and adult social care bills By Tom…
Britain’s second-largest city effectively declares bankruptcy Link Copied! Britain’s second-biggest city effectively declared itself bankrupt, shutting down all nonessential spending after being issued with equal pay claims totaling up to 760 million ($954 million). CNN’s Anna Stewart reports. 03:02 – Source: CNN Read the full article at: https://edition.cnn.com/videos/business-money/2023/09/06/exp-birmingham-bankruptcy-stewart-090610aseg2-cnni-money.cnn
CHICAGO, Sept. 6, 2023 /PRNewswire/ — Katten announced today that Joshua M. Altman has joined the firm as a partner in the Insolvency and Restructuring practice in Chicago. Altman represents major national and international companies throughout the lifecycle of both in-court and out-of-court restructuring processes. He guides clients in financial distress and frequently counsels lenders,…
Panther Lending’s Highly Successful Pre-Labor Day Webinar Makes Waves in Financial Education BLOOMFIELD HILLS, Mich., Sept. 6, 2023 /PRNewswire/ — Panther Lending, a leading name in the financial services sector, recently celebrated the success of its pre-Labor Day webinar, which focused on providing a comprehensive guide to credit card debt consolidation. The event attracted an impressive…
01:00 Local government bodies on Tuesday warned that more councils across the UK could declare themselves in financial dire straits, after the country’s second biggest city said it could not balance its books. Birmingham City Council in central England said it had issued a Section 114 Notice under the Local Government Finance Act 1988, effectively…