Core Viewpoint - The bankruptcy process of Puerto Rico's power utility is advancing, influenced by the Trump administration's actions to dismiss most members of the oversight board responsible for managing the utility's debt restructuring [1] Group 1 - The Trump administration's attempt to fire all but one member of the oversight board is a significant development in the bankruptcy proceedings of Puerto Rico's power utility [1] - The oversight board plays a crucial role in the utility's debt workout, and changes in its composition may impact the restructuring process [1]

RT CoinDesk Podcast Network (@CoinDeskPodcast)NEW @BTCSZN2 "Bankruptcy can't just be right. It has to seem right. And I think this is really a case where it didn't seem right", in partnership with @blockspacepod!Feat: @jonathanrjones & @sophbridgesWe discuss:⚡ Creditors repaid at market low valuations⚡ $1 billion in bankruptcy fees⚡ Hundreds of thousands of creditors (unique)👇🇨🇦⤵️ 🍕 ...

Most corporate bankruptcy hearings are all business. But when the failing company pierced more than 100 million ears, everyone in the court has a story. https://t.co/Nf3IhKf58H ...

With a territory of nearly three million square miles but a population of just 27 million people, Australia is a difficult place to launch and operate low-cost airlines, due to the high costs, coupled with a relatively small potential client base. Earlier in October, two U.S. executives from the financial company that helped launch Queensland-based budget carrier Bonza were charged with fraud of over $500 million over allegedly "pledging assets that [the] firm did not own, falsifying bank statements, and ...

RT Chris Rossini (@ChrisRossini)The Empire mentality demands that you put other countries first -- to try to preserve the Empire.Trump (leading a bankrupt government himself) is going to attempt to bailout another bankrupt government.The American people can watch their farmers suffer and get their beef from Argentina instead. ...

Judicial delays and rickety infrastructure hurt failing Indian firms and their would-be rescuers. Can a raft of changes to the country’s bankruptcy laws help? https://t.co/hcjlYEABSE ...

LET'S FIGURE OUT HOW THE TEAM FEELS ON A RISK-ON START TO THE WEEK. >> MAYBE IT'S A MONDAY THING, WE ARE LESS OPTIMISTIC ON FRIDAYS. THE START OF EARNINGS SEASON IS SOMETHING TO WATCH AND WITHIN THE U.S. GOVERNMENT SHUTDOWN, THERE WAS A STRONG SIGNAL FROM LOAN GROWTH BOUNCING.BANKS ARE WILLING TO LEND AND HOUSEHOLDS ARE CONFIDENT TO BORRW. -- BORROW. NOT UNDULY WORRIED ABOUT LOSSES, SO THE FED HAS DATA ON HOUSEHOLD INCOME RELATIVE TO DEBT, HEALTHY LEVELS.KRITI: SO EVERYTHING IS FINE. [LAUGHTER] >> BANKRUPT ...

Core Insights - A Reddit user, previously with a perfect credit score, is now facing over $177,000 in debt and considering bankruptcy [1][5] Financial Situation - The individual has $118 in total cash and over $160,000 in credit card debt across multiple banks including Bank of America, Barclays, American Express, Capital One, JPMorgan Chase, and U.S. Bancorp [2] - Additionally, there is a personal loan of nearly $17,000 from SoFi with a 12.66% interest rate [2] Employment and Income - The individual was previously employed at a major tech firm with an annual income of approximately $175,000 but is now unemployed and reliant on disability income [4] Community Response - The Reddit community has strongly advised the individual to file for Chapter 7 bankruptcy, with many suggesting it is the best course of action [5] - Concerns were raised about the implications of continuing to use credit cards prior to filing for bankruptcy, as it could affect the bankruptcy case [5] Future Considerations - Commenters urged the individual to think about post-bankruptcy life and the potential consequences of damaging relationships with major banks [6]

A new out-of-court route aims to speed up settlements of genuine failures. A former chair of a bankruptcy watchdog reckons that these amendments will fulfil India’s bankruptcy code’s “intended purpose”. About time https://t.co/JUjmCebkL3 ...

Sonder, an online rental company that focuses on boutique apartments, is pursuing an out-of-court agreement with creditors in a last-ditch effort to avoid a bankruptcy filing, according to sources https://t.co/zzTjFKISZf ...