Business Restructuring Review NovemberDecember 2023 | Vol. 22 No. 6 | Jones Day – JDSupra – JD Supra

Restructuring

Please see full publication below for more information. BUSINESS RESTRUCTURING REVIEWVOL. 22, NO. 6 NOVEMBERDECEMBER 20231IN THIS ISSUE1 Health Care Provider Bankruptcy Update: Patient Care Ombudsman Not Necessary in Every Health Care Business Bankruptcy Case2 Lawyer Spotlight: Alexander Ballmann7 Florida Bankruptcy Court Substantively Consolidates Debtor and Non-Debtor Entities11 Fifth Circuit: Bid Protections for Stalking Horse…

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Padilla Urges Department of Education to Expand Student Debt Cancellation by Strengthening Proposed Rules for Relief – Senator Alex Padilla

Debt Help

WASHINGTON, D.C.  U.S. Senators Alex Padilla (D-Calif.), Elizabeth Warren (D-Mass.), Majority Leader Chuck Schumer (D-N.Y.), and Senate Health, Education, Labor and Pensions Committee Chair Bernie Sanders (I-Vt.), along with Representatives Ayanna Pressley (D-Mass.-07), Ilhan Omar (D-Minn.-05), and Frederica Wilson (D-Fla.-24) urged U.S. Secretary of Education Miguel Cardona to leverage his authority under the Higher Education…

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Insolvency and construction in Hong Kong building in the uncertainties – JD Supra

Bankruptcy

A bleak picture Data by a leading insolvency specialist shows that 5,919 United Kingdom (UK) construction companies find themselves in dire straits, with a further 72,257 companies (representing 20 percent of the total number of construction companies in the UK) in a less critical but still concerning state of financial distress.  In the UK, there…

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Debt relief proposed for 10.3m people – Bangkok Post

Debt Help

PM outlines measures including lower interest rates, debt suspension and consolidation Prime Minister Srettha Thavisin announces measures to tackle debt problems of 10.3 million people during a press conference at Government House on Tuesday. (Photo: Chanat Katanyu) Prime Minister Srettha Thavisin has announced relief measures, including debt suspension and reduced interest rates, to help resolve…

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SC agrees to examine IDBI Trusteeship's plea against NCLAT refusal to initiate insolvency against Ze – Daijiworld.com

Liquidation

New Delhi, Dec 12 (IANS): The Supreme Court has agreed to examine a plea filed by IDBI Trusteeship Services against National Company Law Appellate (NCLAT) orders refusing to initiate insolvency proceedings against two promoter companies of Zee Entertainment Enterprises Ltd (ZEEL). On Monday, a bench headed by CJI D.Y. Chandrachud issued notice in the matter…

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Begbies Traynor boosted by jump in insolvencies – Punchline Gloucester

Liquidation

Rising company insolvencies have provided a boost to one corporate restructuring specialist. Begbies Traynor reported half-year turnover expanded by 13% to 65.9m in the six months ending October while adjusted earnings grew by 0.9m to 12.8m, Mail Online reported. Interest rate hikes, subdued consumer spending and an absence of pandemic-era government support programmes have forced…

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Genovese mobster Anthony Romanello is seen outside court after being found GUILTY of punching restaurateur in – Daily Mail

Gambling

Romanello, 86, has been found guilty of shaking down Shuqeri ‘Bruno’ Selimaj and attacking him inside Lincoln Square Steak restaurant in Manhattan in 2017  DailyMail.com cameras spotted Romanello looking downbeat following the guilty verdict on Monday evening as he left Brooklyn Federal Court  He faces up to 40 years behind bars at his sentencing  By…

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HMRC shifts greater responsibility to insolvency practitioners following cessation tax clearance services – Accountancy Age

Bankruptcy

HMRC has announced that it will no longer provide pre- and post-tax clearances in members voluntary liquidation (MVL) cases. This decision, effective immediately, has significant implications for insolvency practitioners and businesses alike. In a statement on December 6, 2023, HMRC revealed the cessation of tax clearance services for MVLs. The decision was based on the…

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