Hints and tips:
...The probe, expected to last at least a year, risks frustrating RedBird’s efforts to consolidate AC Milan’s recovery....
...Citgo, whose refineries are tailored to process Venezuelan oil, could play an important role in the country’s economic recovery....
...Well-intentioned bondholder-protection language triggered accelerated payments to creditors when agencies junked issuers, most famously and dramatically in the case of Enron....
...SoftBank will get a shot not at redemption but perhaps a small recovery on its losses, as WeWork works to shed more than 100 of its leases and cut its costs in bankruptcy....
...priority status in determining who gets recovery payments first....
...Investors had pulled some €30bn from his team’s funds during the panic, but loyal clients were rewarded by the recovery the following year....
...The chart below, disclosed in a court filing this week in the current Revlon bankruptcy, shows proposed recoveries for creditors in its Chapter 11 restructuring transaction which now awaits creditor and...
...Another observer speculated that creditors may get some money back through lawsuits against Bankman-Fried or others. “The real recovery here will come from the impending litigation storm....
...It underscores how low recoveries may be for creditors. Riding out a market sell-off Philippe Laffont had a strong feeling that a market correction was coming....
...Junior creditors will take over the business, with their recovery pegged at 40 cents on the dollar....
...Oaktree’s own bid for Claire’s never materialised but it did secure a few more nickels on the dollar of recoveries on its bond holding....
...for creditors....
...Rob and Tabby reveal that some of Gupta’s companies’ debt facilities from Greensill benefited from personal guarantees, which could allow creditors to chase him down....
...A growing army of day traders has been a feature of the recovery in stocks since the sell-off last March, as a mixture of lockdowns, low interest rates and cancelled sporting competitions encouraged more...
...“Ultimately, these payments could be avoided and clawed back for the benefit of creditors in order to maximise recovery,” BNN said....
...But it’s not like Enron where there is lots of financial engineering behind the scenes,” said Mr White....
...(FT) Wirecard creditors meet Wirecard’s creditors will meet with the administrator in Munich on Wednesday to survey the winding-down of the company....
...It makes his investment company Berkshire Hathaway one of the biggest shareholders in Mitsubishi Corp, Mitsui & Co, Itochu Corp, Sumitomo Corp and Marubeni Corp....
...We upgrade to Buy from Hold on recovery expectations....
...The stock market rally has dominated news and renewed hopes of a swift economic recovery after lockdown is lifted....
...fade (Reuters) ByteDance looks to hire 10,000 thanks to TikTok boom (FT) NMC creditor files criminal complaint (FT)...
...The sooner we can get these loans off bank balance sheets altogether, the faster banks can finance the recovery we will so desperately need....
...Should creditors retain the right to seize Citgo, the person close to Mr Guaidó’s team warned of severe consequences....
...Thomas Cook, the British travel group, collapsed this week as it faced demands of almost £500m from a long list of hotel partners and creditors, according to insolvency documents seen by the FT....
...It has turned to liquidation firm Abacus Advisors to handle the potential sale of assets to maximise recovery for creditors....
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