Residence Building Group the latest company to join string of collapsed builders in South Australia this year – ABC News

Liquidation

Yet another South Australian builder has gone into voluntary administration, citing fixed price contracts as a factor behind debts of more than $1 million. Key points: Residence Building Group has appointed a voluntary administrator The company has shared the news in an email The managing director said COVID-19 and inflation were contributing factors The Residence Building Group yesterday appointed…

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Atento Achieves Key Milestone in its Restructuring, Receiving Backstop Commitments for 100% of its Exit Financing – Yahoo Finance

Restructuring

Atento receives backstop commitments for an additional $76 million in exit financing. This additional funding commitment comes on top of the $37 million funding already received by Atento, bringing the total additional funding to be received in connection with its Restructuring to $113 million. The exit financing, combined with the extinguishment of $663 million of liabilities…

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Business Restructuring Review September-October 2023 | Vol. 22 … – JD Supra

Restructuring

BUSINESS RESTRUCTURING REVIEWVOL. 22 NO. 5 SEPTEMBEROCTOBER 20231IN THIS ISSUE1 Courts Broad Interpretation of Definition of Securities Contracts Promotes Expansive Scope of Bankruptcy Code Safe Harbor2 Lawyer Spotlight: Kathryn Sutherland-Smith6 Texas Bankruptcy Court Blesses Serta Chapter 11 Plan Over Objections of Lenders Excluded from Position Enhancement Transaction9 Circuit Split Widens on Extent of Abrogation of…

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Chris Dickerson Joins Ropes & Gray as Firm Expansion Continues … – PR Newswire

Restructuring

CHICAGO, Oct. 3, 2023 /PRNewswire/ — Global law firm Ropes & Gray announced today that Chris Dickerson, a market leader in advising companies and sponsors in their most complex restructuring transactions, has joined the firm in Chicago. Chris’s addition is another, significant step as Ropes & Gray continues to enhance its restructuring, liability management and special…

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Debt Consolidation Market Size, Industry Report and Forecast to … – Benzinga

Debt Help

“Debt Consolidation Market” Research Report 2023 offers statistical information about the market’s past and present conditions, production costs, volume, share, size, and growth. The provision of product categories like types [Credit Card Debt, Student Loan Debt, Medical Bill, Apartment Leases, Others] and application [Enterprise, Personal] to the quickly expanding sector is a significant trend in…

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Celsius aims to start customer repayments in two months – FinanceFeeds

Bankruptcy

Celsius Network, a crypto lender currently navigating bankruptcy proceedings, revealed its intention to begin reimbursing its customers before the years end. This disclosure was made during a hearing on October 2, where the approval of Celsius Networks reorganization plan was being discussed. Per a Bloomberg report, the crypto lending platform intends to pivot towards becoming…

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Vedanta split unlikely to help parent's near-term debt crisis analysts – Creamer Media's Mining Weekly

Debt Help

Metals-to-oil conglomerate Vedanta’s move to split into six separate units in the next 15 months may not immediately help its UK-based parent meet a looming payment deadline for about $4.2-billion rupees of debt, at least four brokerages said. The-billionaire Anil Agarwal-led company on Friday reversed an earlier strategy of taking the entire company private, saying…

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