Distressed M&A and corporate insolvency: what are the options? – Farrer & Co

Corporate insolvencies in England and Wales are now at their highest level since 2009. The rise in insolvencies follows the end to the Governments Covid-19 support schemes, the buildup of debt post-pandemic, unprecedented inflation and interest rate increases. More frequently than ever, questions are being raised as to what happens if a company is suffering…

CFPB and Seven State Attorneys General Sue Debt-Relief Enterprise, Strategic Financial Solutions, for Illegally … – Consumer Financial Protection Bureau

WASHINGTON, D.C. The Consumer Financial Protection Bureau (CFPB) and seven state attorneys general sued Strategic Financial Solutions (SFS) and its web of shell companies for running an illegal debt-relief enterprise. The CFPB and state attorneys general also sued the chief architects of the illegal enterprise, Ryan Sasson and Jason Blust. The CFPB and attorneys general…

Student Loan Forgiveness: Biden Approves Another Nearly $5 Billion In Debt Relief For 74,000 Borrowers – Forbes

Topline The Biden administration announced Friday its canceling approximately $5 billion in student debt relief, largely for public servants, the latest incremental step the White House has taken on student loan forgiveness, even though its more ambitious student loan relief program was thwarted by the Supreme Court. Key Facts The administration approved debt relief for…

Salmon farmer avoids liquidation after creditors agree to 11th hour restructuring plan – IntraFish

The creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…

Biden Announces $5B More in Student Debt Relief for 74K Borrowers – Mirage News

The White House Today, my Administration approved debt cancellation for another 74,000 student loan borrowers across the country, bringing the total number of people who have gotten their debt cancelled under my Administration to over 3.7 million Americans through various actions. Of the 74,000 borrowers approved for relief today, nearly 44,000 of them are teachers,…

Salmon farmer avoids liquidation after creditors agree to 11th hour restructuring plan – IntraFish

The creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…

Salmon farmer avoids liquidation after creditors agree to 11th hour restructuring plan – IntraFish

The creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…