Buffeted by the pandemic coming on top of long-term changes in health care, the owner of Franklin Regional Hospital and Lakes Region General Hospital has declared bankruptcy, with Concord Hospital stepping up as a suitor. Mondays decision by two of the states smallest hospitals to declare Chapter 11 bankruptcy is part of a general pattern…
DetailsU.S. corporate bankruptcies continue to pile up amid the coronavirus pandemic but at a rate that continues to slow down from earlier in the crisis. Twenty companies joined the list of bankruptcies in the last two weeks, according to an S&P Global Market Intelligence analysis. This is slightly below the number of filings in comparable…
DetailsThe scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt,BlackRock said Monday. Sub-investment grade debt outstanding ballooned to $US5.3 trillion since 2007. The coronavirus pandemic only exacerbated the growth, as the Federal Reserves bond purchases revived the credit market and companies rushed to raise cash. Yet the pandemic also…
DetailsInvestors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return since Sept. 23, 2010 is 276.8%. On that day in history, movie rental giant Blockbuster officially declared bankruptcy, officially marking the changing of the guard in video entertainment to Netflix, Inc. (NASDAQ: NFLX)…
DetailsOctober 20, 2020 07:00 ET | Source: Crystal Peak Minerals Inc. TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) — Crystal Peak Minerals Inc. (Crystal Peak or the Company) (TSXV: CPM, OTCQB: CPMMF) announced that it has completed the restructuring with EMR Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources fund 1, LP…
DetailsBoT adopts targeted debt relief measures, not broad-based, for SMEs Measures pushed to next June for firms that have not fully recovered Roong Mallikamas, assistant governor for financial stability and corporate strategy group, Bank of Thailand. The Bank of Thailand has implemented targeted debt moratorium measures, scheduled to end next June, for small and medium-sized…
DetailsThe popular-media coverage of student loans would have you believe that a generation of young workers is being crushed by unaffordable student-loan debt they cant escape. Indeed, when presidential candidate Senator Elizabeth Warren last year put forth a proposal to cancel $640 billion dollars in education debt, the plan met with popular approval. According to…
DetailsBritain’s ‘biggest bankrupt’: Steel tycoon Pramod Mittal who spent 50million on his daughter’s wedding claims he owes staggering 2.5billion and only owns 45 of land Pramod Mittal, 64, lost his fortune when a major financial deal turned sour Scion of the ultra-rich Mittal steel dynasty says he owns assets of just 110,000 His brother, Lakshmi,…
DetailsBy Jamie Freed 4 Min Read SYDNEY (Reuters) – Virgin Australia looks set to cut basic fares and start charging fees for items like checked baggage and food under new chief executive Jayne Hrdlicka, prompting a wider industry shake-up as the countrys airlines reawaken from the coronavirus crisis. FILE PHOTO: A Virgin Australia Airlines plane…
DetailsListen to this story The Law Council of Australia is encouraging the Governments move away from theone-size-fits-all approach when dealing with small businesses facing insolvency to be fast-tracked. The reforms to the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 aim to establish a new formal debt restructuring process for eligible small businesses, to enable financially…
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