Bankruptcy

Can Ascend Performance Materials Thrive After Chapter 11?
Corporate & Financial Law Can Ascend Performance Materials Thrive After Chapter 11?

In a strategic move aimed at long-term stability and growth, Ascend Performance Materials, a leading U.S. manufacturer of high-performance engineered plastics, has filed for Chapter 11 bankruptcy protection. This restructuring effort is designed to address the company's significant debt burden

Bankruptcy Court Upholds Asset Sales Based on Sound Business Judgment
Corporate & Financial Law Bankruptcy Court Upholds Asset Sales Based on Sound Business Judgment

In the complex and highly regulated landscape of bankruptcy proceedings, the role of trustees seeking approval for the sale of bankruptcy estate assets is governed by stringent guidelines. A recent significant development sheds light on the importance of established business judgment. The United

Sunterra Group Files for Bankruptcy Amid $35 Million Fraud Lawsuit
Corporate & Financial Law Sunterra Group Files for Bankruptcy Amid $35 Million Fraud Lawsuit

Today's interview explores the intricate legal and financial challenges faced by Canadian agribusiness Sunterra Group. We're speaking with Desiree Sainthrope, a renowned legal expert with vast experience in global compliance and trade agreements. With her insights, we'll delve into

How Safe is Your Genetic Data Amid 23andMe's Bankruptcy Process?
Corporate & Financial Law How Safe is Your Genetic Data Amid 23andMe's Bankruptcy Process?

The announcement of 23andMe filing for Chapter 11 bankruptcy has stirred significant concern among North Carolina residents, especially regarding the security of their genetic data. This comes in the wake of a major data breach the company experienced nearly two years ago. The article dives into

Avoiding Fractional Real Estate: Lessons from PeerStreet Bankruptcy
Corporate & Financial Law Avoiding Fractional Real Estate: Lessons from PeerStreet Bankruptcy

Young professionals and seasoned investors alike have been increasingly drawn to the promises of fractional real estate investing – the idea of owning pieces of high-value properties without the burdens of traditional real estate management. However, the recent bankruptcy of PeerStreet serves as a s

Is Iran Facing an Unprecedented Economic and Socio-Political Crisis?
Corporate & Financial Law Is Iran Facing an Unprecedented Economic and Socio-Political Crisis?

Iran is grappling with unprecedented economic and socio-political challenges as protests and strikes erupt across multiple sectors. The Iranian population is increasingly vocal about their grievances related to inflation, wage suppression, and state repression, painting a picture of widespread

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