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Judge Lopez denied confirmation of First Brands' joint Chapter 11 plan today. The order runs to a single paragraph: denied for the reasons stated on the record. Reporting from the hearing indicates the court also converted the case to Chapter...
#bankruptcy#Chapter 11#Chapter 7
First Brands Group has filed a Chapter 11 reorganisation plan and disclosure statement, marking a new stage in one of…
#asset based lending#bankruptcy#factoring
First Brands Group (First Brands) has launched a formal sale process to market and sell its business, either as a…
#bankruptcy
Phasing out of aid packages and the normalisation of the bankruptcy legislation expected to... (more…)
#Atradius#bankruptcy
The Montserrat supermarket chain faces a new bankruptcy application ... (more…)
#bankruptcy#crisis
The “Bankruptcy Administration Improvement Act of 2020” was signed into law... (more…)
#bankruptcy#COVID-19#DEC
With the six-month loan moratorium ending in September, we are looking at a possible surge in... (more…)
Total commercial chapter 11 filings in February 2020 decreased in the USA... (more…)
#bankruptcy#Coronavirus#COVID
Business Factors & Finance, a fintech services company operating in the US and Canada, announces... (more…)
#bankruptcy#Commercial Credit#risk
In concordat process, it is not possible to initiate enforcement proceedings including the ones for... (more…)
#bankruptcy#receivables
Independent of the award given by the competent court, companies in receivership... (more…)
#bankruptcy#crisis#liquidity
Svea Finans has offered ‘American factoring’ since it was founded in 2002... (more…)
#bankruptcy#banks#invoice
The proportion of late or overdue loans in the ... investment trust portfolio fell in the final three months of…
#bankruptcy#management#small business