Live Breaking News & Updates on Bankruptcy data

Stay informed with the latest breaking news from Bankruptcy data on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Bankruptcy data and stay connected to the pulse of your community

About 44% of Chapter 11s are Subchapter V Cases

About 44% of Chapter 11s are Subchapter V Cases
creditslips.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from creditslips.org Daily Mail and Mail on Sunday newspapers.

United-states , American , National-bankruptcy-conference , Judicial-center , American-bankruptcy-institute-task-force-on-subchapter , Subchapterv-cases , American-bankruptcy-institute , Task-force , Federal-judicial-center , Bankruptcy-data ,

UK sees highest company voluntary liquidations since 2009

England and Wales have seen a surge in company directors winding up businesses that are unable to pay their debts, taking so-called voluntary liquidations to their highest level since 2009 in the depths of the global financial crisis.

London , City-of , United-kingdom , William-schomberg , David-milliken , Thomson-reuters-trust-principles , Reuters , Richard-tett , Thomson-reuters-trust , Britain , Economy , Bankruptcy

Brazil miner Samarco offers creditors shares or 85% haircut - sources

Samarco Mineracao SA, a bankrupt joint venture between Brazilian miner Vale SA and BHP Group Ltd, proposed on Thursday a plan to restructure 50 billion reais ($10 billion) in debt with an offer of preferred shares or a cash payout in 2041 equal to 15% of the current value...

Anchieta , Santa-catarina , Brazil , Brazilian , Marta-nogueira , Anthony-boadle , Kenneth-maxwell , Thomson-reuters-trust-principles , Group-ltd , Reuters , Samarco-mineracao , Doce-river

Knighthead, Certares sweetened bid values Hertz at over $6.2 billion: Bloomberg News

By Reuters Staff
2 Min Read
FILE PHOTO: A logo of car rental company Hertz is seen on a building during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. REUTERS/Eric Gaillard
(Reuters) - Knighthead Capital Management and Certares Management have sweetened an offer to buy Hertz Global Holdings Inc out of bankruptcy in a deal that gives the car rental firm an enterprise value of over $6.2 billion, Bloomberg News reported.
The proposal could see equity investors recover $2.25 a share, and Hertz will evaluate it to determine if it is higher than the one from its current reorganization sponsor, the report said here on Monday, citing people familiar with the matter.

Bengaluru , Karnataka , India , Warburg-pincus , Shreyasee-raj , Aditya-soni , Thomson-reuters-trust-principles , Hertz-global-holdings-inc , Reuters , Capital-management , Certares-management , Bloomberg-news

U.S. bankruptcies increased in March in sign backlog may be clearing: Epiq AACER

2 Min Read
FILE PHOTO: A person holds a sign advertising a sale at Century 21, a retail outlet that announced it was filing for bankruptcy and closing its stores due to the economic impact of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., September 26, 2020. REUTERS/Andrew Kelly
WASHINGTON (Reuters) - U.S. bankruptcies surged in March to the highest level in a year, driven by a 41% jump in month-to-month filings by consumers, data firm Epiq AACER reported on Monday.
Overall commercial filings also increased, though the Chapter 11 bankruptcy used by larger companies fell, the firm said.
U.S. bankruptcies had declined through much of the pandemic year, a fact Epiq AACER officials suspected was just a delay in filings due to the flow of fiscal support to consumers or even courthouse closures during the peak of the pandemic.

Washington , United-states , Chris-reese , Howard-schneider , Thomson-reuters-trust-principles , Reuters , Thomson-reuters-trust , Us , Usa , Economy , Bankruptcies , Bankruptcy-data

Hertz selects Chapter 11 exit plan backed by Centerbridge, Warburg, Dundon

By Reuters Staff
2 Min Read
FILE PHOTO: The desk of car rental company Hertz is seen at Nice International airport during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. REUTERS/Eric Gaillard
(Reuters) - Hertz Global Holdings Inc said on Saturday it has selected an enhanced proposal from Centerbridge Partners, Warburg Pincus, and Dundon Capital Partners to provide the equity capital required to fund the car rental company’s exit from Chapter 11.
The proposed deal, which is subject to approval by the U.S. bankruptcy court for the district of Delaware, is supported by holders of over 85% of the company’s unsecured notes, Hertz said in a statement.

Delaware , United-states , Bengaluru , Karnataka , India , David-gregorio , Warburg-pincus , Vishal-vivek , Thomson-reuters-trust-principles , Hertz-global-holdings-inc , Knighthead-capital-management , Certares-opportunities

Germany's Bafin submits insolvency filing to wind up Greensill Bank, court says

Germany's financial regulator Bafin has submitted a filing to a court in Bremen to start insolvency proceedings for Greensill Bank, a spokeswoman for the court said on Tuesday.

Germany , Riham-alkousaa , Maria-sheahan , Edmund-blair , Patricia-uhlig , Tom-sims , Thomson-reuters-trust-principles , Greensill-bank , Reuters , Greensill-capital , Grant-thornton , Thomson-reuters-trust

China to put financial institution bankruptcy laws on legislative agenda

By Reuters Staff
3 Min Read
BEIJING (Reuters) - China will put financial institution bankruptcy laws on its legislative agenda for the first time, according to a report by the top legislative body released on Monday.
The absence of a legal bankruptcy framework for Chinese financial institutions has prevented technically insolvent firms from exiting the market effectively.
A slew of laws will be revised including the Enterprise Bankruptcy Law in the five-year legislative programme, said the report, signed off by Li Zhanshu, chairman of the standing committee of the National People’s Congress, or parliament.
Among 506 proposals submitted by NPC delegates this year, 11 mentioned the revision of the Enterprise Bankruptcy Law to allow specific individual bankruptcy and financial institution bankruptcy laws, according to the report.

Beijing , China , Nanjing , Jiangsu , Baoshang , Jiangxi , Chinese , Li-zhanshu , Guo-xinming , Cheng-leng , Mark-heinrich , Kevin-huang

Italy's Piaggio Aerospace receives four non-binding offers for group

Italy's Piaggio Aerospace, the maker of planes and drones which filed for protection from creditors in late 2018, said on Monday it had received four non-binding offers for the group's aircraft and engine businesses.

Milan , Lombardia , Italy , Cristina-carlevaro , Elisa-anzolin , Thomson-reuters-trust-principles , Piaggio-aerospace , Reuters , Thomson-reuters-trust , Us , Piaggio , Aerospace

UPDATE 3-Spain's Abengoa requests bankruptcy process after creditors lose patience

* Creditors refuse to extend deadline on restructuring talks
* Regional government says it is unable to help (Updates with bankruptcy request)
MADRID, Feb 22 (Reuters) - Spanish engineering and renewables company Abengoa said on Monday it had decided to voluntarily request to start the bankruptcy process after its creditors refused to extend a deadline for negotiating a restructuring agreement.
A proposed restructuring to tackle Abengoa’s 6 billion euro ($7.30 billion) debt mountain has unravelled since the regional government of Andalusia withdrew an offer of 20 million euros in funding as part of the overall deal.
“The Board of Directors ... remains committed to seeking alternatives to avoid the non-viability of the subsidiaries that carry out the group’s activity and, thereby, preserve jobs and try to minimize the loss of value,” Abengoa said in a statement to the Spanish stock regulator.

Andalusia , Spain-general , Spain , Madrid , Spanish , David-goodman , Nathan-allen , Ingrid-melander , Howard-goller , September-abengoa , Thomson-reuters-trust-principles , Budget-ministry