Mercy Health and RIP Medical Debt are pleased to announce a new agreement that will help alleviate $7.22 million worth of medical debt for 4,917 area patients currently experiencing financial obligations related to health care costs. Recipients of debt abolishment for Mercy Health medical services began receiving notification by way of a RIP branded letter…
A woman from Western Australia’s Wheatbelt region has been charged with misappropriating funds from a small town’s community resource centre. Key points: Former employee Robyn Garratt has been charged with defrauding the York Community Resource Centre The centre went into voluntary administration in July, citing financial troubles The Shire of York seeks to buy the CRC from creditors…
Rite Aid has filed for bankruptcy protection under a voluntary court-supervised process through Chapter 11 of the US Bankruptcy Code. The company said it intends to restructure and reduce debt caused by opioid-related lawsuits.1 The Rite Aid Corporation announced that retail Rite Aid shops will continue to fill prescriptions and serve patients in store and…
Check out what’s clicking on FoxBusiness.com Rite Aid Corp. filed for Chapter 11 bankruptcy on Sunday in a financial restructuring effort that included the naming of new leadership as the drug retailer faces lawsuits on accusations of contributing to the opioid crisis. The company said in a news release it initiated a voluntary court-supervised bankruptcy…
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through…
Reuters. Rite Aid Corporation (NYSE:) said it has reached an agreement in principle with some senior secured noteholders on terms of a financial restructuring plan. The company filed for Chapter 11 bankruptcy on Sunday. Rite Aid has received a commitment for $3.45 billion in new financing to support business operations, and announced the acquisition of…
Member Article R3 responds to September 2023 insolvency statistics Corporate insolvencies decreased by 15.2% in September 2023 to a total of 1,967 compared to Augusts total of 2,319, but when compared to September 2022s figure of 1,688 they increased by 16.5%. Corporate insolvencies increased by 35.4% from September 2021s total of 1,453 and by 112%…
China’s largest real estate developers, China Evergrande (HK:) and Country Garden, are grappling with insolvency as they collectively shoulder a $500 billion debt. The crisis, which began in 2021 when Evergrande defaulted, has severely impacted China’s economy and shaken investor confidence. Country Garden recently announced its inability to pay nearly $200 billion of debt, signaling…
As per the latest news, the bankrupt and infamous FTX apparently has a $150 million worth of assets tied up in Solana and Ethereum staking! On October 15, Binance Square made public a statement shedding light on FTXs substantial Solana holdings. Heres what was revealed. Understanding SOL Staking On October 13, Whale Alert reported a…
Hopes of meeting the Albanese Governments plan of building 1.2 million homes over five years have taken another hit with the latest corporate insolvency data from the Australian Securities and Investments Commission: Overall corporate insolvencies hit their highest level since 2015 in August, with construction insolvencies the stand-out: This surge in construction company insolvencies reflects…