The England and Wales Court of Appeal recently handed down its first judgment relating to a restructuring plan under Part 26A of the UK Companies Act 2006: Re AGPS Bondco Plc [2024] EWCA Civ 24. Restructuring plans were a 2020 innovation in UK insolvency law, as described in our earlier alert. At first instance, the…
Growing credit card debt and steep interest rates are becoming a significant burden for many in our area, with a notable surge in individuals seeking assistance. Sharice Nwankwo, who found herself with over $20,000 in credit card debt. “I was using my credit card, and after a while, I couldn’t pay the minimum payment,” Nwankwo…
Irvine, California–(Newsfile Corp. – February 23, 2024) – Verify Debt Solutions, a renowned leader in the financial services industry, proudly unveils its latest innovation: the Debt Resolution Program. This revolutionary program is designed to provide individuals with a clear and effective pathway to potential financial freedom, offering comprehensive solutions aiming to help individuals break free…
Basic competence in government makes too few headlines. But to four million Americans, it was exactly what they needed to escape a lifetime of financial burdens. Any president could have done it, but Joe Biden actually got it done. On Wednesday, Biden spoke at a Culver City, California, library about how the new round of…
An Australian music company led by a director with a criminal conviction has been spared from going into liquidation, for now. News.com.au previously reported that NSW-based music company, Blue Pie Records, with offices in Australia and the US, had landed itself in hot water over claims from musicians that the record label had used their…
Insolvency consultancy firm Interpath Limited has taken full custody of the Hector decentralized autonomous organization (Hector DAO) treasury as of February 21. The company, also known as “Interpath Advisory,” has likewise taken control of the HectorDAO social media channels, which it intends to use to communicate with investors going forward, according to announcements on the…
Caesarstone PR In the latest earnings call, Caesarstone Ltd. (CSTE) reported a series of strategic restructuring actions aimed at improving its financial stance amidst a challenging global market. The manufacturer of high-quality engineered quartz surfaces announced a positive cash flow from operations of $66.5 million and a net cash position of $83.5 million. Despite a…
An Australian music company led by a director with a criminal conviction has been spared from going into liquidation, for now. News.com.au previously reported that NSW-based music company, Blue Pie Records, with offices in Australia and the US, had landed itself in hot water over claims from musicians that the record label had used their…