Modern Building-Sundt $17M Claim is Stranded by Hospital Bankruptcy

What recovery can the contracting team hope for?

Builder jailed for taking £400,000 from victims without declaring bankruptcy

A bankrupt builder has been jailed for a year after failing to declare his status when obtaining money from five people and leaving them in “unliveable” homes. Nigel Dinneen, 72, of Mickleover, Derby, took advanced payments for work without telling customers that he had been… The post Builder jailed for taking £400,000 from victims without declaring bankruptcy appeared first on Construction News.

Claire’s set to appoint administrators for UK and Ireland business

The decision comes a week after the retailer's parent company filed for bankruptcy in the US and Canada. The post Claire’s set to appoint administrators for UK and Ireland business appeared first on Property Week.

Claire’s declares bankruptcy for the second time in seven years

In the UK, the retailer recently appointed advisers from Interpath to explore a potential sale or insolvency process. The post Claire’s declares bankruptcy for the second time in seven years appeared first on Property Week.

CCA Construction, in Bankruptcy Proceedings, Loses Appeal of $1.6B Baha Mar Verdict

Appeals court rejected CCA Construction's appeal of a previous verdict finding the contractor owed BML Properties $1.6 billion in damages.

Lei's Real Talk - China’s real estate bubble explained and compared to Japanese real estate crisis 1990s

In the first half of this year, 12 Chinese real estate companies defaulted. And now, since the Evergrande debt crisis has been intensifying, 274 real estate companies across China declared bankruptcy. How big is the Chinese real estate bubble? How does it compared to the Japanese real estate crisis in the1990’s? What’s the financial market outlook?

The Guardian - How fall of property giant Evergrande sent a shockwave through China

China's 2nd largest property developer, Evergrande, has $300bn of debt and is defaulting on interest payments due on Bonds. Can the company avoid bankruptcy and form some debt restructuring