Bankruptcy Blogs

In June the G20 will be figuring out the nuts and bolts of a standard global identification system for financial transactions: who administers it, how it is defined and how it is implemented.

U.S.

While not necessarily predicting a bust to Brazil’s boom, a budding group of turnaround professionals in the South American nation are getting ready for what they see as an inevitable shakeup.

An abundant supply of credit over the past decade, a loss of competitiveness in many industries—such as textile and agribusiness—to the likes of India and China, and a large number of family-run companies, are conspiring to unleash a wave of restructuring, said Salvatore Milanese, a partner in the restructuring practice of KPMG in Sao Paulo.

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep” Bankruptcy Code compensation provisions. Read the Daily Bankruptcy Review article via The Wall Street Journal.