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ABI Conference Materials- Merchant Cash Advances: A Lifeline, or a Boat Anchor?
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A panel at ABI's Southeast Bankruptcy Workshop explored the evolving world of Merchant Cash Advances (MCAs), offering attendees a clear understanding of how MCA transactions work and their role in business financing. Experts discuss the current legal and regulatory environment shaping the industry, as well as the practical costs and benefits for both funders and merchants.. READ MORE
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SPONSORED CONTENT
New Insights from the Rise of Private Credit
How could the ongoing growth of private credit impact borrowing, investing, and lending strategies? Explore the insights in this deep dive from SRS Acquiom, including the latest data from 2025. Explore the Insights
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 | | Editor's Picks |
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Catholic Diocese of Buffalo Announces Layoffs and Cost-Cutting Moves as Part of Bankruptcy Process
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The Catholic Diocese of Buffalo has announced layoffs and other cost-cutting moves as part of its chapter 11 process, WKBW.com reported. The diocese said there will be a 22 percent reduction in personnel of the Catholic Center, which currently numbers 75. READ MORE
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Cle Elum Asks Bankruptcy Court to Allow Bank Agreement for Credit Cards for City Hall
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Cle Elum, Wash., is asking a bankruptcy court to allow it to get employee credit cards from Umpqua Bank as the city’s chapter 9 bankruptcy case continues, the Daily Record reported. The city’s attorneys have asked for an expedited hearing on its request, with court proceedings scheduled for today.. READ MORE
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Linqto Bankruptcy Case Won’t Be Moved From Texas to Delaware, Judge Rules
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The chapter 11 case of investment platform Linqto will remain in Houston, a bankruptcy judge ruled Tuesday, rejecting a major shareholder’s request to move the proceedings to Delaware, <em>WSJ Pro Bankruptcy</em> reported. Linqto, which gave small investors access to the pre-IPO shares of high-flying private companies, filed for bankruptcy last month citing federal probes into its practices, including whether it adequately disclosed its pricing to its customers. (Subscription required.) READ MORE
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 | | Upcoming Events |
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Midwest Regional Bankruptcy Seminar
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The Westin Cincinnati
August 12 | Cincinnati, Ohio
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abiLIVE: "Navigating the Complexities of Retirement Plan Terminations"
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 | | Daily Roundup |
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Long Island's Historic Oheka Castle Files for Bankruptcy
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Long Island's historic Oheka Castle estate has filed for bankruptcy, CBSNews.com reported. The historic property, which is also the second largest private estate in the country, owes more than $60 million to creditors. READ MORE
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Corporate Debt Sales Exceed $1 Trillion at Fastest Pace Since 2020 Amid Uncertainty
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Corporate debt sales have surpassed $1 trillion this year, the fastest pace since 2020, driven by a massive wall of debt coming due and falling yields, Bloomberg News reported. Deals are clearing through the market with minimal concessions, generating demand of 3.7 times the size of new deals. READ MORE
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Trump Says U.S. Will Charge Tariff of about 100% on Semiconductor Imports
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The United States will impose a tariff of about 100% on semiconductor chips imported into the country, President Donald Trump said on Wednesday, Reuters reported. Trump told reporters in the Oval Office that the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that had made a commitment to manufacture in the United States. READ MORE
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Auto Industry Takes $12 Billion Hit From Trade War
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President Trump’s tariff war has inflicted almost $12 billion of losses on global automakers, the biggest hit they have faced since the pandemic. The scary reality: This may be just the beginning, the Wall Street Journal reported. Beyond the continuing cost of tariffs, automakers in the U.S., Japan, South Korea and Europe face years of retooling and supply-chain tweaks to adjust to the new realities. This comes after they spent heavily to reshape factories for electric vehicles. (Subscription required.) READ MORE
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