Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Who will manage Providence funds, Chapter 7 trustee or receiver?

By Jack Barton

10 August 2016

Who will manage Providence funds, Chapter 7 trustee or receiver? Miami iStock.com/Ugo Lora

Courts in Miami and Minnesota are considering whether a bankruptcy trustee, receiver or both should manage two US subsidiaries of global investment group Providence Financial, which are in liquidation following a federal investigation into their sale of Brazil-related investment opportunities.