COGNICURRENT

A court in Mexico has declared the public auction for Altos Hornos de México (AHMSA) and Minera del Norte (MINOSA) void due to the failure of creditors to release guarantees.

The dairy cooperative SanCor has been verified to have liabilities exceeding US$138.9 million, mainly from labor claims, according to a judicial report.

Alberto Samid, a prominent Argentine meat entrepreneur, has been declared bankrupt following a court ruling due to his inability to reach an agreement with creditors in a preventive bankruptcy initiated in 2022.

Spirit Airlines aims to exit Chapter 11 bankruptcy by late spring or early summer after reaching a preliminary agreement with creditors.

The conflict between Daniel Kretinsky and creditors over the future of Casino intensifies as debt negotiations become increasingly complicated.

The article explores the legal process in Latvia for individuals, such as Līvija, who struggle with significant debt, detailing how to apply for bankruptcy status and the associated costs.

The financial situation of Centro Agropecuario Modelo raises concerns as creditors await its debt resolution amid rumors of a potential sale.

The unclassified Epstein files implicate several European royal families in a scandal involving prominent figures linked to Jeffrey Epstein.

Azul Linhas Aéreas has announced three agreements for a total investment of 300 million dollars from American Airlines, United Airlines, and other creditors as part of its bankruptcy recovery process.

The bubble tea seller Bubblify, linked to the financial service Twisto, is facing considerable pressure from creditors.

The Credit Guarantee Fund (FGC) has disbursed R$ 37.2 billion to creditors of Banco Master, accounting for 84% of total payments due.

The Credit Guarantee Fund (FGC) reported that Pleno bank has an estimated 160,000 creditors eligible for R$ 4.9 billion in guarantees following its extrajudicial liquidation.

The Brazilian telecommunications company Oi has filed a lawsuit against foreign funds, formerly influential shareholders, alleging abuse of power and undue influence during their tenure.

A British court has mandated Argentina to disclose assets as creditors pursue a 1.33 billion euro judgment related to GDP-linked bonds.

Czechs are increasingly finding ways to take out loans for free, including mortgages, which is raising concerns among creditors and regulators about the consequences of this practice.

Hilado SA, a significant textile firm in Argentina, requested preventive creditors' competition due to the economic context, increased imports, and declining activity.

The Credit Guarantee Fund (FGC) has announced an advance payment of guarantees to Will Bank creditors with up to R$ 1,000, allowing around 6 million clients to receive their funds through the bank's app.

A recent ruling clarifies the process for creditors seeking to recover debts from heirs of deceased individuals, emphasizing the role creditors play in initiating inheritance proceedings when heirs do not act.

Rheem is negotiating the cancellation of loans amounting to over US$12 million with creditors following the maturity of three loans.

In 2022, individuals under 21 were granted less than 4% of loans from non-bank creditors in Latvia, highlighting significant barriers for this age group.

The article discusses how the United States is engaging in a 'soft default' by depreciating its currency and transferring costs to creditors rather than pursuing an explicit default on its debt.

Óscar Ayerve, former president of Filanbanco's National Creditors Board, challenges former president Jamil Mahuad's claims about the 1999 bank freeze, arguing it primarily harmed the middle and upper classes rather than the poor.

Investment fund Opus has acquired approximately 49.11% of Alliança Saúde, leading to a significant shift in company control.

Creditors of Nelson Tanure acquired stakes in the companies Light and Alliança Saúde through investment funds.

The Credit Guarantee Fund (FGC) has reported that it has paid R$ 36 billion in guarantees to creditors of the Master conglomerate, equating to 89% of the total expected reimbursement, with around 628,000 beneficiaries receiving these payments.

The bankruptcy trustee Erik Jølberg will present a report on Pilot Flight Academy's total debt in the Vestfold district court, crucial for students and creditors who are owed significant amounts due to unpaid education.

The Credit Guarantee Fund expects to reimburse 90% of Master clients by the end of the week, beginning payouts to 800,000 creditors since January 19, with a total disbursement of around R$ 41 billion while warning against scams.

In the bankruptcy case of Eriali, approximately 250 claims totaling between four to five million euros were submitted by creditors by the January 21 deadline.

The Fictor Group has filed for judicial recovery, facing debts of R$ 53.4 million owed to 94 creditors in Ribeirão Preto, SP.

Sefer Investimentos has filed a petition asserting it is not a creditor in Fictor's judicial recovery process, disputing the accuracy of the debt listing provided by Fictor which claims a debt of R$ 430 million.

Ana Hickmann's mansion, valued at R$ 35 million, will be auctioned due to financial issues reportedly caused by her ex-husband, Alexandre Correa, who claims she owes over R$ 10 million to more than 30 creditors.

A Klaipėda court has confirmed the liquidation of the company Kvėdarsta due to a 1.5 million debt and the absence of restructuring proposals or agreements with creditors.

Investors in the financial holding Fictor face a challenging scenario, as they are classified as unsecured creditors and will be last in line for reimbursement if the company's restructuring request is approved by the São Paulo Court.

The list of creditors in Fictor's bankruptcy recovery plan includes a diverse array of investors and companies, with American Express Brasil being the largest creditor.

The Mendoza court has established a timeline for the creditors' contest of Bodega Norton, determining the financial future of one of the country's most emblematic wineries.

Brokerage Sefer Investimentos DTVM, targeted in the second phase of Operation Compliance Zero, is one of the main creditors of the Fictor Group, owed R$ 430 million.

In Brazil, winning a lawsuit does not guarantee the fulfillment of the right in practice, as more than half of ongoing cases remain in the execution phase, which can take years to resolve, causing frustration for creditors and significant financial losses.

The owner of Andrea Shop, who received a second chance from creditors, is facing bankruptcy with another company that operated two premium Samsung Gallery stores, which will now continue under a stronger electronics retailer.

Donald Trump has signed an executive order declaring a national emergency to protect Venezuelan oil from legal actions by creditors.

U.S. President Donald Trump declared a 'national emergency' to protect revenues from Venezuelan oil sales in U.S. Treasury accounts, preventing creditors of Venezuela's debt from claiming these funds.

Creditors of Venezuela are getting ready to renegotiate billions of dollars in defaulted debt as Venezuelan bond prices rise following Maduro's capture, signaling a potential political transition.

Artur Kaiser, founder and organizer of the Votvírák festival, is in custody due to financial insolvency, owing nearly 19 million crowns to creditors since 2019.

The Rego-Bis travel agency from Katowice has stopped selling packaged offers following revelations of significant debt and growing complaints from creditors.