Mastodawn

#MissKitty #RealityCheck - #Insolvency covers #Iran covers #Epstein covers #Midterms. The buck stops at the midterms. Do whatever you got to do with everything else, and do whatever you can for the midterms! We can begin winning, but just a #majority in #Congress human rights does not make.🔦🔦🔦

DailyDAC Mar 23

DIP financing is a specialized form of lending that allows a bankrupt company to borrow money after filing for bankruptcy protection.

#BusinessDistress #CashCollateral&DIPFinancing #Chapter11Plans/Confirmation #CreditorsCommittee #Insolvency

https://www.dailydac.com/dip-financing-how-companies-fund-a-chapter-11-case/

DailyDAC Mar 16

Debtors often use Chapter 11 bankruptcy for litigation advantages. Whether or not they succeed depends on the facts of the bankruptcy case.

#BankruptcyPetition #BusinessDistress #Chapter11Plans/Confirmation #Insolvency #Valuation

https://www.dailydac.com/fancy-filing-chapter-11-bankruptcy-for-litigation-advantage/

Don Curren 🇨🇦🇺🇦Feb 26

“New data from the Office of the Superintendent of #Bankruptcy ( #OSB) shows there were 140,457 #consumer #insolvency filings in 2025 — the second-highest annual total since record-keeping began in 1987, and the highest in 16 years.” www.thestar.com/business/ins... #Canada #cdnecon

Insolvencies hit 16-year high ...

Insolvencies hit 16-year high while food bank use and cost of living continue to rise

New data shows there were 140,457 consumer insolvency filings in 2025, the highest level in 16 years.

Toronto Star

Spaceflight 🚀Feb 14

RE: https://mastodon.social/@europeanspaceflight/116069534495909145

#Orbex has formally begun #insolvency proceedings. The Exploration Company is "disappointed that this potential transaction will not move forward". #Skyrora confirms it intends to explore the purchase of select #Orbex assets, including the Sutherland #Spaceport.

CBC Top Stories Feb 12

Central Alberta town faces uncertain future as it drowns in debt and faces potential insolvency
The future of the Town of Gibbons is on the line as its mayor and council say a multimillion-dollar financial crisis has come to a head after years of bad decisions.
#financialcrisis #insolvency #CentralAlberta #Gibbons
https://www.cbc.ca/news/canada/edmonton/gibbons-alberta-finances-future-9.7085467?cmp=rss

CBC Edmonton Feb 12

Central Alberta town faces uncertain future as it drowns in debt and faces potential insolvency
The future of the Town of Gibbons is on the line as its mayor and council say a multimillion-dollar financial crisis has come to a head after years of bad decisions.
#financialcrisis #insolvency #CentralAlberta #Gibbons
https://www.cbc.ca/news/canada/edmonton/gibbons-alberta-finances-future-9.7085467?cmp=rss

CBC Calgary Feb 12

Central Alberta town faces uncertain future as it drowns in debt and faces potential insolvency
The future of the Town of Gibbons is on the line as its mayor and council say a multimillion-dollar financial crisis has come to a head after years of bad decisions.
#financialcrisis #insolvency #CentralAlberta #Gibbons
https://www.cbc.ca/news/canada/edmonton/gibbons-alberta-finances-future-9.7085467?cmp=rss

DailyDAC Feb 9

Receivers are faced with the usual obstacles of a cannabis receivership often paired with very large professional fees for lawyers and accountants.

#BusinessDistress #BusinessLaw&Litigation #Insolvency #StateCourtReceiverships

https://www.dailydac.com/cannabis-receiverships-litigation-missing-taxes-and-incompetence-paired-with-large-professional-service-fees/

DailyDAC Feb 2

A Chapter 11 plan is often described as the heart of a bankruptcy case. A confirmed plan determines what the business looks like when the case is over.

#363Sale #BusinessDistress #Chapter11Plans/Confirmation #Insolvency

https://www.dailydac.com/understanding-the-chapter-11-plan/