After nearly 100 days in office, the Trump Administration and Republicans in Congress appear poised to have a significant impact on the restructuring industry. Although it is too early to tell exactly what the future holds in the Trump Era – even the so-called “Trump Bump” in the stock market appears to be pulling back – events taking place in Washington warrant close attention.
The Chancellor announced in his budget that the Crown is to be re-instated as a preferential creditor in insolvency, reversing the changes brought in by The Enterprise Act 2002.
The Bottom Line:
Yesterday, in a bankruptcy court hearing held for Chrysler LLC (and 24 of its wholly owned subsidiaries), which filed for Chapter 11 bankruptcy protection last Thursday, U.S.
At a time when municipalities face historic fiscal challenges, the Commonwealth budget for fiscal year 2012 temporarily deprives Pennsylvania’s third-class cities of a useful tool for negotiating with creditors.
As part of the German government’s costs savings package, a change in the German Insolvency Code may be implemented which will grant to the German fiscal authorities a preferred creditor status.
After nearly 100 days in office, the Trump Administration and Republicans in Congress appear poised to have a significant impact on the restructuring industry. Although it is too early to tell exactly what the future holds in the Trump Era – even the so-called “Trump Bump” in the stock market appears to be pulling back – events taking place in Washington warrant close attention.
The Chancellor announced in his budget that the Crown is to be re-instated as a preferential creditor in insolvency, reversing the changes brought in by The Enterprise Act 2002.
The Bottom Line:
On 29 October 2018, HM Treasury published a consultation paper on a breathing space scheme and a statutory debt repayment plan, which were both part of the government’s 2017 manifesto commitments.