Getty Images By Sophie Madden & Rebecca Woods BBC News, West Midlands After Birmingham City Council declared it was effectively bankrupt, the city battled against bad press and an uncertain financial outlook. But with figures showing the city’s tourism and economy continues to boom, the BBC spoke to Brummies – and adopted Brummies – about…
In times of economic uncertainty, SME businesses are generally squeezed harder than larger ones, with fewer levers to help them navigate financial distress. This is particularly relevant for manufacturing businesses which have faced headwinds in recent times caused by high inflation, increasing interest rates, high energy costs, supply chain issues and challenges sourcing skilled people.…
The Biden administration promised not to give up on debt cancellation after the Supreme Court rejected their first attempt. They promised that a new system of income-driven repayment (IDR) would mitigate the return of student loan payments. Were now several weeks into both of those projects, enough time to make some early assessments. The scope…
McGill and Partners, the global boutique specialist (re)insurance broker, has launched a ready-made and self-contained coverage solution for corporate insolvency, known as SAIFElimits. This innovative offering is designed to seamlessly integrate into primary directors and officers (D&O) policies, automatically triggering coverage upon the occurrence of an insolvency event. SAIFElimits is specifically engineered to address the…
The conflict between the Insolvency and Bankruptcy Code 2016s twin objectives of timely resolution and value maximisation of corporate persons has been subject to much debate. The sweeping conclusion from judicial decisions indicates that actions in pursuit of maximising value of the corporate debtor are defensible even when they transgress the boundaries of the code.…
Bankrupt cryptocurrency exchange FTX has expressed readiness to sell $744 million worth of its Trust assets held at Grayscale and Bitwise, according to a Nov. 3 court filing. The Trust assets consist of various exchange-traded products managed by Grayscale, including its Bitcoin and Ethereum Trusts and Bitwises 10 Crypto index fund. The filing shows that…
Thursday, November 2, 2023 5:55PM The new comedy film “Quiz Lady” throws Sandra Oh and Awkwafina into a bit of a role reversal: they play sisters, with Sandra the wild and crazy sibling, and Awkwafina the shy, more grounded one. They have to repair their estranged relationship after their mom disappears from her assisted living…