Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources
— Troubled, Lokey, Specialist, Babel, Restructuring, Major, Person, Creditors, Next couple — 1 min read
“They [Babel] are the next major one to have some kind of outcome over the next couple of weeks,” the person added. The person added that the outcome could include declaring insolvency or default, or getting buy-in from creditors. “Babel’s next major problem is sorting out and getting buy in from creditors,’ the person said. ‘Babel' is one of the most troubled companies in the world, according to the person. The company is expected to be in trouble again in the next few weeks, the source said. It's unclear whether the company will be able to appeal to creditors or declare insolvencies or defaulting, the person noted. The company's Source