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GoldenTree, Invesco Unite Against Puerto Rico Utility Debt Plan

A collection of bondholders and insurers of Puerto Rico Electric Power Authority (Prepa) debt are banding together in their opposition to the bankrupt utility’s proposal to slash its debt by 75%

Student-Loan Payment Processors Draw Probe on Wait Times, Borrower Advice

The federal government is investigating allegations of botched customer service by loan processing companies over their handling of questions about the resumption of student-loan repayments following

Junk Bond Investors Are Ignoring Warning Signs from U.S. Bankruptcy Courts

Yield-hungry investors are seemingly refusing to see rising risks that threaten to spill over from U.S. bankruptcy courts, Bloomberg News reported. Federal Reserve interest-rate hikes beginning last

WeWork Backers King Street, SoftBank at Odds Over Restructuring

WeWork Inc. and its creditors are locked in discussions over who will take the keys to the struggling co-working firm as the end of a debt grace period approaches, Bloomberg News reported. WeWork’s

Sam Bankman-Fried Says FTX Actions Were Guided by Lawyers

FTX founder Sam Bankman-Fried previewed a potential defense Thursday when he told a federal judge that he relied on the blessing of lawyers to make business decisions such as deleting communications

North Carolina Construction Company Files for Chapter 11 Protection

Verde Building Solutions Inc. filed for chapter 11 protection on Oct. 11, according to records from the U.S. Bankruptcy Court for the Western District of North Carolina, the Charlotte Business Journal

White House Announces Push to Convert Empty Commercial Buildings to Housing

The Biden administration on Friday announced federal financing and other incentives designed to convert high-vacancy commercial buildings in downtown spaces around the country into residential use in

U.S. to Warn Crypto Firms Against Financing Hamas, Terror Groups

U.S. Deputy Treasury Secretary Wally Adeyemo today will warn cryptocurrency firms against allowing their platforms to be used to finance terrorist organizations, as scrutiny mounts of how Hamas may

Sam Bankman-Fried to Testify in His Own Defense in FTX Trial

FTX founder Sam Bankman-Fried has decided to testify in his own defense, a legal gamble that sets up a dramatic conclusion to his criminal trial in New York City, YahooFinance.com reported. The 31

Crypto Lender Genesis Prepares to Liquidate Without Deal With Parent Company

Crypto lender Genesis Global is pursuing a chapter 11 liquidation plan that abandons a previous settlement proposal to restructure the $1.7 billion in loans it extended to its parent company Digital