Bankruptcy & Restructuring News Headlines for Tuesday Jun 29, 2021

Here's what we are reading this morning:

How Two Start-ups Made a Fortune in Fees on P.P.P. Loans - The New York Times: Blueacorn and Womply processed one-third of all Paycheck Protection Program loans this year, stepping in when big lenders wouldn’t.

XFL players to get pennies on the dollar for what they are owed – The Athletic: The football league's ongoing bankruptcy won't leave its players with much to show for their efforts.

Regulators must get ahead of the coming wave of loan defaults | TheHill: Now is the moment for policymakers and financial regulators to learn from their mistakes during the Great Recession in leaving people on their own to determine how to manage their debts.

Whistleblower Thought He Would Get a Big Payout. Instead He Got Nothing and Went Broke - WSJ: The SEC, while praising a forensic accountant for years of work, says it can’t reward watchdogs if recouped funds come through bankruptcy process.

Corp Group, Shareholder in Chilean Bank, Files for Bankruptcy: The holding company earns nearly all of its revenue from dividend payments tied to a stake in Itaú Corpbanca, which have shrunk.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Bankruptcy or Receivership (Item 1.03) for the Week Ended Monday Jun 28, 2021:

Former stereo brand Aiwa files for Chapter 11 bankruptcy: Aiwa Corp., the former global stereo brand that attempted second life as a Chicago-based startup, filed for Chapter 11 bankruptcy protection

Older Post Newer Post