Discover and read the best of Twitter Threads about #bankruptcy

Most recents (21)

@threadreaderapp unroll

Another #BIG #decision in 2022. I will file #bankruptcy and #donate to #charity anything I can’t carry with me to a #women #shelter. THE #COST to #SOCIETY of #NDAs #EEOC #EqualEmploymentOpportunityOffice #TitleVII #CivilRightsActof1967 #ADA
#AmericanwithDisabilityAct #USConstitution #BillofRights #CivilRights #PTSD … spending 7 days in #JAIL as a set up by Miami Management, Inc property manager and the violations of the centralized Big Corporations protecting the wrongdoings of their Senior Management.
I am an idiot for having #settled #NDA #NDAs #employmentlaw I am exhausted! My life is a nightmare since 2015. I am done. You win! I survive in jail for a week. Assume I can survive in a shelter. From donating and being in the #ExecutiveWomenofUnitedWay #KIPPNY and #KIPPMiami
Read 8 tweets
If you still have a commercial vehicle in this occupation? Say goodbye to your CVOR certificate, plates, drivers license, your liability coverage, …god forbid your vehicle is leased. The financial backlash & lawsuits won’t be televised. #bankruptcy cbc.ca/news/politics/…
You may as well put your truck keys on the dash, put a call into your lawyer, tell your wife to not answer the phone (creditors) and come pick you up. Because buddy, any driving you do from here out will only be done on your XBox (if you’re not indicted)
The emergency act means your truck will be seized. It’s a world of hurt coming, will last far longer than the hell you put those Ottawa residents through.
Read 4 tweets
1. Link to the complaint filed by seven heroic members of the @CapitolPolice. I predict POTUS #45 and/or campaign will file #bankruptcy though all claims with the possible exception of Count VI are non-dischargeable.

a.msn.com/01/en-us/AANMb…
2. A final judgment finding against #45 and his campaign funds on the main claims either via trial or summary judgment is binding on the Bankruptcy court and likely destroys his chances of keeping the funds assuming a large judgment enters.
3. This filing supports a view I have had for months. that #45, @RonDeSantisFL @GregAbbott_TX @govkristinoem and @dougducey campaign funds can also be reached by victims of their campaign disinformation related to a deadly pandemic.
Read 6 tweets
“My fiancée and I moved here 7 years ago. We’d never have been able to afford our own home without #SharedOwnership scheme, and we were absolutely thrilled when we made our final payment and took full ownership of our flat in June 2020.” 1/
“Towards the end of 2020 we decided that we wanted to start a family and that this 1-bed flat wasn’t the best place to do it. We had spent years working hard and paying the mortgage, so we had enough equity built up to move into a house and start the next stage of our lives.” 2/
“We had found the perfect house, and had begun the process of taking ownership when we were told completely out of the blue that our flat was so #unsafe that it was essentially worthless.” 3/
Read 5 tweets
@claddingscanda1 Why?

Legacy concerns over security or arson risks
+
convenient FOI blocking strategy for an embattled @GOVUK

All of which is ridiculous when national enforcement registers are a) required by law to be in the public domain
b) list full details

cfoa.org.uk/11823 ImageImageImageImage
@claddingscanda1 @GOVUK Given the sensitivity of this subject matter here are some useful links signposted to allow more informed positions.

Here’s an informative article from @kentfirerescue on enforcement policy & key enforcement considerations.

kent.fire-uk.org/your-safety/bu…
@claddingscanda1 @GOVUK @kentfirerescue All statutory enforcement agencies are bounded by legislation & a clear regulators code.

Primary legislation- Legislative and Regulatory Reform Act 2006

Secondary The Legislative and Regulatory Reform (Regulatory Functions) Order 2007 (as amended)

gov.uk/government/pub…
Read 27 tweets
theblockcrypto.com/genesis/85329/…

Cred's downfall left more questions than answers, which is, unfortunately, common in the still-nascent cryptocurrency industry. #Bitcoin

Luckily, there is a trail of online ‘bread crumbs’ 🍞and court filings that help paint a picture. 👨‍🎨
It is best to start at the inception of Libra Credit, which conducted an ICO in Q2 2018. #Ethereum

The company successfully raised $26.4M in the LBA Token offering between May 1st and May 5th, 2018. 💰
Little did investors know that the $LBA Token would descend toward the abyss post-ICO. 📉📉📉

This is an all too familiar tale from the ICO-era of digital assets. 🙄

Unfortunately for the Cred community, the damage doesn’t stop with a token that lost over 96% of its value. 🙁
Read 15 tweets
This is the #DemPartyPlatform for 2020.This section is called: Guaranteeing a Secure &Dignified Retirement
Only one party has a specific plan for ensuring seniors will not retire to poverty & uncertainty..the other can’t wait to cut &slash to pay for tax cuts for the wealthy 1/10
#Democrats will protect Americans’ retirement security, especially in the midst of the COVID-19 pandemic, and take action to protect public and private pensions to ensure workers keep the benefits they have earned, including through multiemployer plans. 2/10 #DemPartyPlatform
#Democrats oppose changes to the multiemployer pension system that would endanger workers’ and retirees’ pensions, including composite pension plans. 3/10 #DemPartyPlatform #RetireWithDignity
Read 10 tweets
With threats of #homelessness and #bankruptcy in the air as the #eviction moratoriums subside, both renters & small #landlords are getting pinched by predatory #tech #capitalism as the #gigeconomy hits the #RealEstate market.
by Raul Diego @hijodelcuervo
mintpressnews.com/kushner-linked…
A “tsunami” of #evictions is about to sweep across the US when the 120-day #moratorium ends today, threatening millions of Americans with #homelessness or worse – a new set of #landlords called #Facebook, #Google and #Apple.
by Raul Diego @hijodelcuervo
mintpressnews.com/tech-giants-po…
Powerful #tech players like #IBM, #Microsoft and #Facebook are teaming up with hospital networks with links to the #Vatican and tech lobbying groups to shape the conversation about the future role of tech in the public sphere.
by Raul Diego @hijodelcuervo
mintpressnews.com/big-tech-giant…
Read 3 tweets
This is the #DemPartyPlatform for 2020. This section is called: Curbing Wall Street Abuses..Only one party has a specific plan for leveling the playing field for #WorkingAmericans..the other has done nothing but pledge their loyalty to a corrupt billionaire 1/11 Image
The scars of the financial crisis that triggered the Great Recession are still present in our economy and our society. Financial institutions should never be “too big to fail.” 2/11 #DemPartyPlatform #financialsectorcleanup Image
#Democrats will work to reverse the over-financialization of the American economy and curb Wall Street speculation 3/11 #DemPartyPlatform #financialsectorcleanup Image
Read 11 tweets
A partial snapshot of the thousands of corporate entities that have landed in bankruptcy court since March.

It doesn’t capture the countless businesses that closed shop permanently without seeking protection in court.
#US #recession #bankruptcies

bloomberg.com/graphics/2020-…
72,842 businesses permanently closed, out of the 132,580 total closed businesses

Permanent closures now accounting for 55% of all closed businesses
#US #recession

yelpeconomicaverage.com/yea-q2-2020.ht…
This year’s spate of “mega” insolvencies is just getting started

Global corporate defaults on track to exceed 2009: Fitch

“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt”
#US #recession #bankruptcies

bloomberg.com/news/articles/…
Read 9 tweets
Lots of attention on the @peabodyenergy announcing it has devalued the North Antelope Rochelle Mine (NARM) by $1.4 billion. Billion with B. For those following along, here is a thread with some background and additional context of why this is such a big deal. (1/?)
@peabodyenergy For good coverage of Peabody's NARM #coal mine announcement from yesterday, check out stories from @taykuy @MicahMaidenberg @camillereports @The_News_Record and @FT And here is our statement
@peabodyenergy @taykuy @MicahMaidenberg @camillereports @The_News_Record @FT The NARM #coal mine is huge. The largest in the world, in area. It takes 2 inspectors from @Wyoming_DEQ to be able to cover it all. You can see it from space with satellite imagery.
Read 13 tweets
A Longer #Threade I observed the last weeks

#Lebanon #IWF #China #Beirut #LebanonProtests #Financialcrise #bankruptcy

In Beirut there is hyperinflation, prices rose by 250 percent within a month, plus corruption, coronavirus, unemployment and hunger.
Lebanon, long ago called "Switzerland of the Middle East", is in danger of total collapse. Only the IMF and China could help. But negotiations with the IMF have failed. Now some are relying on China as a savior in need. But whether Beijing participates in it can be doubted.
And involved in this chaos is of all things EY, the accounting firm that gave Wirecard its falsified balance sheet for years (€ 1.9 billion). In March, Lebanon was unable to pay interest on its euro bonds for the first time.
Read 23 tweets
#bankruptcy #hotels #mergers
Well, THAT was certainly quick! Hotel-merger, named Maribel goes bankrupt after only less than 2y!
What's cooking? The one group, "Belvar", runs Marriott in Europe!
insights.ehotelier.com/global-news/20…
Mormons launched Marriott - slashed their $billion in 1st quarter this year! Then Covid-crisis stops earnings in hotel-business likely added:
markets.businessinsider.com/news/stocks/mo…
News of bankruptcy is so new that barely any media outside Scandinavia reporting! Could only find this from DK:
cphpost.dk/?p=116359
Read 3 tweets
So it doesn’t look like @federalreserve can stop #2ndwave (which looks more like 1st wave doing a #FibonacciTrading 23% pullback before exploding up another 161%)

eand.co/america-surren… Image
And it doesn’t look like @federalreserve can stop the #insolvency and #bankruptcy phase... The last 6 months had the most filings since 2009

bloomberg.com/news/articles/…
Does that mean has enough justification to jump higher? Or does it need still more #QE? Or Fed to start buying #stocks? Or maybe It needs more consolidation / lower ATR?

Read 3 tweets
1. Address the #schoolloan crisis by amending Sec. 523 of the #Bankruptcy Code to make predatory loans dischargeable.

In 2008 we watched as the home mortgage crisis made home loans less attrative to the securitization industry so it turned on our kids. Essentially turning them
2. into living collateral who, because of the non-discharge provisions and debt limits, now have no way out. US schools and lenders and possibly taxpayers have to accept a share in the disaster.
3. Address the crisis by amending the Bankruptcy Code sec. 523 and Chapter 13 unsecured debt limits to make the loans dischargeable. Look at the bloated endowments many schools have created in this bubble as a souce of tax revenue for possible lender bailouts.
Read 4 tweets
1. #JeffreyEpstein just added a three-attorney litigation team from a high-power white collar firm. Is it more evidence that there may be a #Ponzi lurking? Does this mean Epstein may have E&O coverage? IMO that's consistent with this firm's appearance.
steptoe.com/en/lawyers/jam…
2. Having worked unwinding my first Ponzi in 1990, I expect if that, if that is what we are looking at, it will go fast towards SDNY #Bankruptcy court. If not, then it may be just run-of-the-mill money laundering and/or securities fraud case. But it's at lease two of three IMO.
3. Plus a Bobby De Niro lookalike. 😎steptoe.com/en/lawyers/mic…
Read 3 tweets
Great talk by @martinwolf_ at the 46th Economics Conference @oenb @suerf_org on escaping the #trap: secular #stagnation, monetary #policy and financial fragility
Before the outbreak of the global financial crisis @martinwolf_ saw himself as an orthodox economist - now suggests to read Minsky, Godley et al.
'Everything depends on everything else' - eternal truth by @martinwolf_
Read 9 tweets
THREAD: @PGE4Me on Tuesday filed for Chapter 11 #bankruptcy protection, a move the company insists is necessary to contend with at least $30 billion in potential liabilities growing out of the calamitous #wildfire seasons of 2017 and 2018.
@PGE4Me In a simple voluntary petition filed just after midnight Tuesday morning with the U.S. Bankruptcy Court for the Northern District of California in San Francisco, @PGE4Me estimated its liabilities at about $51 billion and its assets at more than $71 billion.
@PGE4Me Despite that solvency, @PGE4Me officials argued that they need the Chapter 11 protections because they are unable to borrow enough cash to cover operating costs.
Read 14 tweets
Check how #bankruptcy law is helping banks and spreading cheer to their balance sheets
1. Tata Steel ensuring a big payday to lenders of Bhushan Steel, one of the largest non-performing assets in the banking system
2 SBI, which also had the largest exposure to the 5-million tonne steel plant, at Rs 12,864 crore, will get back Rs 8,083.30 crore..
Read 12 tweets
🔥WHOA🔥

THREAD: a #bankruptcy case in Los Angeles may lead to MORE charges against #Manafort, including BANKRUPTCY FRAUD‼️

Mueller is focusing on Jeffrey Yohai, Manafort’s fmr son-in-law & partner, as a potentially valuable witness.🤣😂🤣 1/

reuters.com/article/us-usa…
Manafort failed to disclose a loan for a NY property from a lender that was also the main creditor in the California bankruptcy case👉🏼may represent an ILLEGAL concealment of material information = BANKRUPTCY FRAUD‼️🤨 2/
This is bit confusing, so I will try to break it down.🤓

In early 2017, Manafort’s company got a loan against a NY home from Genesis Capital LLC. Genesis ALSO was the top secured creditor (gave biggest loan) in the bankruptcies of the 4 houses in LA partnered w/Yohai.🤔 3/
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!