FinancialCollapse

Intensifying Struggle Over China's Evergrande Aftermath: Who Will Claim the Remnants?

2 months ago

The fallout from the collapse of China Evergrande Group, one of the country's largest real estate developers, has set off a fierce competition among creditors, buyers, and other stakeholders eager to claim their share of the remaining assets. As the company grapples with more than $300 billion in liabilities, the quest to recover whatever value remains is becoming increasingly intricate and contentious.

Shocking Turn of Events: B. Riley-Backed FRG Dispenses Millions in Bonuses Before Downfall

5 months ago

In a startling development, Franchise Group Inc. (FRG), a company backed by investment firm B. Riley Financial, has been revealed to have paid out millions in bonuses just days prior to its catastrophic financial collapse. This unexpected move has raised eyebrows and incited significant concern among investors and stakeholders, who are questioning the decision-making processes within the company.