Washington Prime Group Commences Voluntary Chapter 11 Financial Restructuring with RSA Supported by Over 70% of Holders of Secured and Unsecured Corporate Debt – Business Wire

Restructuring

COLUMBUS, Ohio–(BUSINESS WIRE)–Washington Prime Group Inc. (NYSE: WPG) today announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Bankruptcy Court). The Company enters Chapter 11 after executing a…

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Debt Burden Swells as Europe Extends Life Support for Companies – The Wall Street Journal

Debt Help

Rousselle Industrie SA, a maker of machinery for paint manufacturers in northern France, almost collapsed in 2020 after the pandemic disrupted supply and its clients businesses. The 10-person company was saved by the equivalent of $360,000 in loans under a government program that guaranteed debt and deferred interest payments for 12 months. One year later,…

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What is a deceased insolvent estate? | Today’s Wills and Probate – Today’s Wills & Probate

Bankruptcy

A deceased estate is insolvent when the deceased persons liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow. A hierarchy of payment exists for deceased insolvent estates. The executor, or personal representative, is responsible for ensuring debts are…

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Call for papers: Insolvency Research and Technical Conference – GOV.UK

Bankruptcy

The conference will take place on 19 November 2021 and the purpose is to: provide a platform for current insolvency research and technical discussion facilitate a stronger link between academia, the insolvency sector and policy-makers encourage comment and feedback from interested parties The working title and theme of the conference are: Forward Thinking: Insolvency strategies…

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End of government Covid support set to cause further corporate distress – Financial Times

Restructuring

Restructuring experts have warned that many of the businesses that took Covid-related financial help in 2020 will be in distress again this year as UK government measures to support companies unwind next month. Almost a third of global restructuring experts said that more than half of their clients that needed financing during the pandemic in…

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Washington Prime Group Commences Voluntary Chapter 11 Financial Restructuring with RSA Supported by Over 70% of Holders of Secured and Unsecured Corporate Debt – Business Wire

Restructuring

COLUMBUS, Ohio–(BUSINESS WIRE)–Washington Prime Group Inc. (NYSE: WPG) today announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Bankruptcy Court). The Company enters Chapter 11 after executing a…

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SE Asia Report: Feeder prices hold above $4/kg – Beef Central

Liquidation

See Bahasa Indonesia translation/versi Bahasa Indonesia See Vietnamese translation 90th Edition: May 2021. Key Points Australian feeder steer prices remain above $4 per kg live. NACC, a major Aussie live exporter enters administration. Vietnam restarts live imports in May. Indonesia : Slaughter Steers AUD $4.59/kg live weight (Rp11,100 = $1AUD) Slaughter steer prices have firmed…

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Corporate Restructuring Companies Act 2016: Bill to facilitate revival of distressed assets, cos – Business Recorder

Restructuring

ISLAMABAD: The National Assembly has passed major amendments in the The Corporate Restructuring Companies Act 2016 to enable Corporate Restructuring Companies (CRCs) operate efficiently and extend financing facilities for carrying out the purposes of the CRC Act. The Corporate Restructuring Companies (Amendment) Bill 2021 was approved in NAs session on June 10, including other 20…

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