AB Fishing Tackle http://abfishingtackle.com/ Mon, 26 Sep 2022 20:12:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://abfishingtackle.com/wp-content/uploads/2021/09/icon-1-130x130.png AB Fishing Tackle http://abfishingtackle.com/ 32 32 Bankruptcy Court Narrowly Interprets Section 546(e) Safe Harbor https://abfishingtackle.com/bankruptcy-court-narrowly-interprets-section-546e-safe-harbor/ Mon, 26 Sep 2022 20:12:17 +0000 https://abfishingtackle.com/bankruptcy-court-narrowly-interprets-section-546e-safe-harbor/

The bankruptcy protector

On August 18, 2022, the United States Bankruptcy Court for the Southern District of Indiana, in In re BWGS, LLC, No. 19-01487-JMC-7A, 2022 WL 3568045 (Bankr. SD Ind. August 18 2022), narrowly construed the exemption clause of Section 546(e) of the Bankruptcy Code by refusing to dismiss a lawsuit against a guarantor whose liability was eliminated by the debtor’s payment to the bank who held the guarantee.

Overview of Section 546(e) of the Bankruptcy Code

Congress renamed Section 546(d) as § 546(e) in 1984,[1] and further amended the provision in December 2006 to clarify that safe harbor applies to all transfers (other than actual fraudulent transfers) made to designated financial intermediaries in connection with their facilitation of transactions executed through the securities clearing and settlement system or the commodity clearing system.[2] As the House Financial Services Committee explained, the 2006 amendment seeks to “reduce systemic risk in financial markets by clarifying” the application of the Safe Harbor to transactions similar to those already covered. by existing law. HR Rep. No. 109-648, p. 1-2. “The red thread of these transactions [covered by the safe harbor] is that they involve financial intermediaries – securities brokers, financial institutions, financial participants or securities clearing agencies – who often hedge their risk on these transactions through other market transactions, replenish collateral in securities received in connection with these transactions, or both. Identifier. at 5 and 8.

BWGS, LLC Facts

A company was owned by an employee stock ownership plan (“ESOP”) trust. A private equity investor brokered a deal to buy the company by acquiring the ESOP shares. The shares held by the ESOP were not publicly traded. To complete the acquisition, the buyer secured a $24.9 million bridge loan from a bank. The buyer was obligated to the bank, but the acquired company was not responsible for the loan. A month after the acquisition was completed, the debtor secured loans from another bank and repaid the $24.9 million bridge loan owed by the buyer, but not the debtor. To secure the loan, the debtor pledged all of its assets as collateral.

The debtor’s business began to deteriorate after the acquisition. Approximately two years after closing, the company’s creditors filed an involuntary petition under Chapter 7 of the Bankruptcy Code.

Because the transfer took place more than two years before the filing, the Chapter 7 trustee brought adversarial proceedings to avoid the transfer by invoking the power under section 544(b) to stand in the place. of a real creditor and to sue the buyer for a fraudulent act. transfer under Indiana law. The Chapter 7 trustee alleged that the transfer repaying the bridge loan was “to or for the benefit” of the purchaser and that the debtor received no consideration for encumbering his property.

Decision of BWGS, LLC

Noting that the new loan repaid a financial institution and was used to purchase ESOP stock, the buyer filed a motion to dismiss based on the Section 546(e) exemption rule. The paragraph provides: “the trustee cannot avoid a transfer[faiteparouà(ouauprofitde)uninstitutionfinancièreouquiestuntransferteffectuéparouà(ouauprofitde)uninstitutionfinancièredanslecadred’uncontratdevaleursmobilièrestelquedéfiniàl’article741(7)saufenvertudel’article548(a)(1)(A)duprésenttitre[for a transfer made with actual intent to hinder, delay or defraud].”

After ruling that the Chapter 7 trustee had made a plausible claim for constructive fraudulent conveyance, the Court then turned to defending the buyer’s safe harbor.

Reviewing the 1984 amendments giving rise to Section 546(e), the Court said Congress intended to “clarify that Safe Harbor applies to all transfers (other than actual fraudulent transfers) made to designated financial intermediaries in connection with their facilitation of transactions executed through the securities clearing and settlement system or the commodity clearing system”. BWGS, LLC, 2022 WL 3568045, at *5. The court further held:

Even with this clear legislative intent, courts do not have a clear mandate in the language of § 546(e) to apply safe harbor to protect transfers that do not involve the securities clearing and settlement system. Courts should be particularly reluctant to do so where, as here, the impugned transfer does not involve the national government securities trading system or pose systemic risk to the financial centre. Nevertheless, in such circumstances, there is no conflict between (1) the application of the Bankruptcy Code’s policy of maximizing bankruptcy assets by protecting “the well-established and substantial powers of avoidance of the trustee”; and (2) purpose § 546(e) was enacted to serve.

Identifier.

The buyer had advocated a “liberal interpretation of the broadly defined safe harbor terms[.]Identifier. Rejecting this interpretation, the Court held that “the underlying purchase of stock was a private transaction that in no way involved the system that Section 546(e) was intended to protect.” .

The Court went on to explain what must be shown to invoke the safe harbor provision:[t]The Court must determine whether there is a sufficient nexus between the Transfer and a “securities contract” that would lead to the conclusion that the Transfer was made “in connection with” such a “securities contract”. ID.to 6.

For the definition of “in connection with”, the court cited Chadbourne & Parke LLP v Troice, 571 US 377, 387 (2014), where the Supreme Court stated in a SLUSA suit that “in connection with” “suggests a connection that matters”. The Court then avoided an overbroad interpretation to avoid interfering “with the state’s efforts to provide remedies to victims of ordinary frauds under state law.” Identifier. at 391.

Accordingly, the Court ruled, “an overly broad interpretation of ‘in relation to’ would not advance any underlying purpose of Congressional enactment of Section 546(e) safe harbor or the policies under it.” underlying the avoidance provisions of Chapter 5 of the Bankruptcy Code or the [state fraudulent transfer law].” The Court saw “no material connection” between the buyer’s contract to buy ESOP shares and the repayment of the loan to the bridge lender. According to the Court, nothing in the share purchase agreement “indicates that [it] was performed or performed “in connection with” the repayment of the bridge loan.

“Instead,” the court said the stock purchase and the loan repayment were “two separate transactions” that took place “a month apart.” The Court noted that the trustee did not seek to avoid payment to the ESOP that made the stock purchase.

The Court denied the safe harbor motion to dismiss because the new loan one month after closing had “nothing to do with the purchase or sale of securities or any ‘securities contract'” and that there was not “sufficient connection between the [stock purchase agreement] and the [loan payoff] to engage the “safe harbour” of Section 546(e)”.

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Cannabis Companies Alternatives to Bankruptcy | Harris Beach LLC https://abfishingtackle.com/cannabis-companies-alternatives-to-bankruptcy-harris-beach-llc/ Sat, 24 Sep 2022 03:53:02 +0000 https://abfishingtackle.com/cannabis-companies-alternatives-to-bankruptcy-harris-beach-llc/

Federal bankruptcy courts are largely inaccessible to businesses operating in the cannabis business¹. While cannabis companies cannot entirely avoid pending lawsuits, or the opportunity to restructure or maximize value through a “free and clear” sale as provided by Section 363 of the Bankruptcy Code, there are other forms of relief available for cannabis and cannabis ancillary products. state law companies.

The most common forms of relief available to cannabis businesses are an assignment for the benefit of creditors (ABC) or receivership under state law. Similar to a Chapter 7 bankruptcy proceeding, an ABC and receivership are state law mechanisms for the structured liquidation of assets, as well as the restructuring of a business.

ABCs and receiverships are not governed by the Bankruptcy Code. Rather, each state has its own law providing a process for liquidating a debtor’s assets through an assignment of the assets to an assignee. The assignee oversees the liquidation of assets and distributions to creditors, which is generally faster and less costly than a bankruptcy proceeding.

The main difference between an ABC and a receivership is that an ABC is a voluntary alternative to bankruptcy that transfers the debtor’s assets to a trust for liquidation and distribution, whereas a receivership is often involuntary and a receiver is usually appointed by the court at the request of a creditor. Receiverships are also often more expensive and do not allow for the collection of preferential or insider payments to creditors.

A more affordable option would be a debt “resolution,” which is settled out of court and allows a struggling cannabis business to negotiate with creditors to restructure the amount owed or repayment terms of a debt. Negotiating directly with creditors can be potentially beneficial by extending the maturities of debt securities, modifying the binding clauses of agreements and providing more advantageous payment terms.

This option generally requires a good faith relationship between debtor and creditor, as it does not involve hiring or requesting the appointment of a third party. While this option may be more affordable, cannabis companies cannot use the threat of bankruptcy as leverage to obtain more favorable terms.

Although neither of these options offers the same protection as the Bankruptcy Code, some forms of creditor protection are available to cannabis companies and cannabis ancillary companies.

¹ See our September 15 Legal alert about this question.

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In 2020, I lost my job and went bankrupt. But now I’m on the right track and I would like to buy a house. Is it even possible to get a mortgage? – Royal Examiner https://abfishingtackle.com/in-2020-i-lost-my-job-and-went-bankrupt-but-now-im-on-the-right-track-and-i-would-like-to-buy-a-house-is-it-even-possible-to-get-a-mortgage-royal-examiner/ Thu, 22 Sep 2022 15:56:50 +0000 https://abfishingtackle.com/in-2020-i-lost-my-job-and-went-bankrupt-but-now-im-on-the-right-track-and-i-would-like-to-buy-a-house-is-it-even-possible-to-get-a-mortgage-royal-examiner/

Yes, it is possible to get a mortgage after bankruptcy.

For a conventional mortgage, it all depends on the type of bankruptcy. For Chapter 7 bankruptcy (you sold your assets to pay off as much of your debt as possible), you usually have to wait four years, but your situation may qualify as a mitigating circumstance.

For Chapter 13 bankruptcy (you have completed your debt repayment plan), you usually have to wait two years from the discharge date. This period is shorter for FHA, VA and USDA loans.

You’ll also need a minimum credit score of 620 for a conventional loan, so keep your balances low on credit accounts and always pay on time. For FHA loans, a credit score of 580 is allowed, and your score could be as low as 500 if you have a 10% down payment.

You will need a cash deposit. With FHA loans, that could be as low as 3.5%.

Another type of loan can benefit people coming out of bankruptcy if they have cash on hand. The non-qualifying (non-QM) mortgage is suitable for people in special circumstances, usually self-employed people who don’t have a pay slip but have lots of money and a high credit score. It can also benefit those with money and a high credit score, but recent bankruptcy.

In 2022, here are the characteristics of the non-QM standard loan:
* The average credit score was 771
* Average down payment 24%
* The average debt-to-income ratio (DTI) was 37%

You generally need a DTI of 43% or less to finance a home. A good DTI is around 35% or less. You calculate DTI very simply: monthly debt payments divided by gross income. Add up all the payments you make in a month, including student loans and child support, but don’t include utilities, groceries, and gas.


]]> Miami-Dade man charged with stealing fishing gear in the Keys https://abfishingtackle.com/miami-dade-man-charged-with-stealing-fishing-gear-in-the-keys/ Wed, 21 Sep 2022 11:00:00 +0000 https://abfishingtackle.com/miami-dade-man-charged-with-stealing-fishing-gear-in-the-keys/

A Coral Gables, Florida man is charged by Monroe County Sheriff's Deputies with using a personal watercraft to steal <a class=fishing gear from a boat docked in the Keys.” title=”A Coral Gables, Florida man is charged by Monroe County Sheriff’s Deputies with using a personal watercraft to steal fishing gear from a boat docked in the Keys.” loading=”lazy”/>

A Coral Gables, Florida man is charged by Monroe County Sheriff’s Deputies with using a personal watercraft to steal fishing gear from a boat docked in the Keys.

Call it the perfect crime in the Florida Keys. A suspect in a personal watercraft stealing fishing gear from a moored boat.

Police say that’s what happened and arrested a Coral Gables man. He is accused of using a water bike to steal a ship.

Frank Alexander Pena, 22, was released from Monroe County Jail on Monday on $55,000 in hourly bail after being charged with burglary and grand larceny. Reached by phone Tuesday evening, Pena declined to comment on his arrest.

The Monroe County Sheriff’s Office said on Sept. 1, Pena used a personal watercraft to steal two fishing rods and reels worth $900 from a boat docked in the Upper Keys community of Tavernier.

“Security footage showed a man on a personal watercraft approaching the boat and taking the fishing rods,” said Adam Linhardt, spokesman for the sheriff’s office.

Personal watercraft are tandem boats often referred to as Jet Skis, the brand made by Kawasaki. Deputies received a tip that the watercraft seen in the footage was parked at a residence in Key Largo. A man from that house said Pena was the person seen in the footage aboard the ship, Linhardt said.

The man said he and Pena had an argument over a robbery, and Pena returned to Miami-Dade County, according to the sheriff’s office.

The man, whom the sheriff’s office did not name, allowed deputies to search his home, where the rods were found, as was a cooler that was reported stolen in a separate burglary case, Linhardt said. .

This story was originally published September 21, 2022 7:00 a.m.

David Goodhue covers the Florida Keys and South Florida for FLKeysNews.com and the Miami Herald. Prior to joining the Herald, he covered Congress, the Environmental Protection Agency and the Department of Energy in Washington, DC. He graduated from the University of Delaware.

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Dear MULN Stock Fans, Watch This Key Catalyst for Bankruptcy https://abfishingtackle.com/dear-muln-stock-fans-watch-this-key-catalyst-for-bankruptcy/ Tue, 20 Sep 2022 15:54:22 +0000 https://abfishingtackle.com/dear-muln-stock-fans-watch-this-key-catalyst-for-bankruptcy/

Source: Ringo Chiu/Shutterstock

A struggling electric vehicle (EV) startup is looking to acquire another that’s struggling even more. Mullen Automotive (NASDAQ:MULN) hasn’t seen any real momentum in months despite its recent acquisitions and partnerships. Many pundits remain bearish on MULN shares, leaning in favor of its biggest competitors that are actually putting electric vehicles on the road. But Mullen made it clear he wasn’t giving up. Today he announced an offer to acquire a competitor, which has fallen even more in the past six months than Mullen himself. This is likely because the company in question declared bankruptcy in June 2022.

Last mile electrical solutions (OTCMKTS:ELM) has lost nearly 100% of its value since March 2022. Its name would have easily been forgotten by Wall Street long ago. But it turns out that ELMS went bankrupt just when Revlon’s (NYSE:ROUND) bankrupt company status led to a massive short squeeze. ELMS jumped 180% as investors speculated it could be the next bankruptcy squeeze play. But as quickly as it rose, ELMS stock plunged back into the red. Since then, it has experienced no growth. So what does Mullen want with the company? Let’s take a closer look.

What this means for MULN stock

Mullen is a company that has no trouble staying in the public eye but still can’t generate real growth. It’s not because of the company’s lack of effort. Mullen started the month by announcing that it would introduce water-from-air solutions into its electric vehicles. This partnership with Watergen did not, however, help to increase the shares, nor did Mullen’s purchase of a majority stake in Bollinger Engines. Although MULN shares are up on today’s news, that doesn’t necessarily mean the pending deal will help turn the company around.

It is important for investors to note that the transaction in question is not finalized. Although Mullen has shown interest, he has more than two weeks left to bid. As Bloomberg reports:

Mullen accepted an offer of “nearly $100 million in full consideration,” according to a Sept. 16 filing by the trustee in the Electric Last Mile Chapter 7 case. Competing bids are due by October 3 and an auction will take place on October 7.

According Tech Crunch, Mullen is currently the highest bidder for Electric Last Mile Solutions. The outlet reports that he put down a $5.5 million deposit “to be applied toward purchase.” Assuming Mullen does not outbid, the possible purchase will be $55 million and will include ELMS’s inventory and intellectual property rights as well as the company’s plant in Mishawaka, Indiana. But that will also include Mullen taking on a liability of $37 million.

Mullen’s last mile solution?

It’s encouraging to see Mullen making a play to increase his production capacity. But that doesn’t change the fact that acquiring a struggling company like ELMS won’t signal the kind of turnaround investors want to see. MULN shares have risen and fallen too many times for investors to have any real confidence in the company.

Until Mullen starts putting true electric vehicles on the road, stock won’t really get much attention. And like InvestorPlace‘ notes Louis Navellier, even this may not be enough to demonstrate real growth. As he notes:

Even then, that may not be enough to get it going again in the right direction. Further dilution of ownership seems very likely, given that the mass production of vehicles is capital-intensive.

If you’re optimistic about the continued rise of electric vehicles, there are better opportunities.

At the date of publication, Samuel O’Brient held (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Samuel O’Brient has been covering financial markets and analyzing economic policy for over three years. His areas of expertise are in electric vehicle (EV) inventory, green energy and NFT. O’Brient enjoys helping everyone understand the intricacies of economics. He is ranked in the top 15% of stock pickers on TipRanks.

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Jerkbait Fishing Rods | Spinning vs. Casting Setups https://abfishingtackle.com/jerkbait-fishing-rods-spinning-vs-casting-setups/ Mon, 19 Sep 2022 04:58:36 +0000 https://abfishingtackle.com/jerkbait-fishing-rods-spinning-vs-casting-setups/

Few baits have the triggering ability of a jerkbait, and thanks to the blast of forward-looking sonar, anglers now use them year-round with excellent results. So what is the best jerkbait fishing rod setup? Pro bass angler Cody Hahner shares his opinion on the best rod setups, which include spinning and casting gear. He explains when he uses each and key details about the rod, reel and line on both.

FEATURED PRODUCT (retail links)
SHOOTING SETUP
CASTING SETUP

Hahner uses a casting setup, especially for the big mouth, 95% of the time. Still, spinning plays a vital role in clear water with scary fish. The Great Lakes Smallmouth Bass is a prime example of where longer casts and ultra-smooth drag are paramount. A longer rod with a softer rod cone sinks farther while providing measured output to reduce hook snatch with an aggressive smallmouth. He opts for a larger 3000 or 4000 size reel spooled with a light braid, never exceeding a 10 pound braid paired with an 8-10 pound fluorocarbon leader. The larger spool size coupled with the smaller line diameter casts farther and deepens the bait when stealth is needed.

Casting gear gets the go-ahead in dirtier water or when the big mouth is the focus. In this situation, Hahner prefers a longer than typical jerkbait rod, which is actually a crank stick in the 7-foot range. Crank rods generally have a softer tip than traditional jerkbait rods, requiring you to slow down and keep the fish hooked better than faster, stiffer varieties. The straight Fluorocarbon in the 8-15 pound tests gets the nod based on lure size and habitat, with 10 pounds being its general choice.

The main thing is jerkbaits, and the situations in which we fish them are very varied. As such, no configuration is “best” in all cases. A mix of spinning and casting gear helps you catch more bass, depending on the target species and environment.


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Fishing Equipment Market Growing Demand, Emerging Trends, Growth Opportunities and Future Scope and Analysis 2027 https://abfishingtackle.com/fishing-equipment-market-growing-demand-emerging-trends-growth-opportunities-and-future-scope-and-analysis-2027-2/ Mon, 19 Sep 2022 04:32:06 +0000 https://abfishingtackle.com/fishing-equipment-market-growing-demand-emerging-trends-growth-opportunities-and-future-scope-and-analysis-2027-2/

due to the increased use of advanced technologies such as drones, robotics and hybrid technology, which help in catching fish easily

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, Sept. 18, 2022 /EINPresswire.com/ — Global fishing gear market trends are expected to witness significant growth, driven by the increased use of advanced technologies such as drones, robotics and hybrid technology, which help in catching fish easily. Additionally, the increased interest of children in fishing and its related activities has created new business opportunities for stakeholders, which has boosted overall industry revenues.

According to a new report published by Allied Market Research, titled “Fishing Equipment Market by Type, Nature, and Distribution Channel: Opportunity Analysis and Industry Forecast 2021-2027,” the global fishing equipment market size was valued at $13,481.1 Million in 2019, and is expected to reach $16,107.8 Million by 2027 with a CAGR of 4.0% from 2021 to 2027.

Sample Request:- https://www.alliedmarketresearch.com/request-sample/7348

Sport fishing is gaining ground and has spread to many parts of the world. The term sport fishing refers to fishing or collecting shellfish, which is done primarily for fun. Additionally, sport fishing can take place in both salt and fresh water bodies. Also, countries like the UK and the US are trying to elevate the fishing platform, thanks to which there is better access to water bodies for fishing and making it a popular sport. Various fishing associations such as the American Sports Fishing Association encourage people to increase their participation in fishing by organizing several fishing programs and events. Also, the most common types of fishing equipment used in sports are rod, line, reel, hooks and a wide range of bait or lures such as artificial flies. Additionally, owing to the growing popularity of fishing as a sport and recreational activity, various governments around the world are focusing on the development of fishing, which is also driving the growth of the fishing equipment market.

Additionally, there are a variety of fishing techniques such as gathering, netting, trapping, angling, and spearfishing used to catch the fish. Additionally, recreational, artisanal and commercial fishers use different and sometimes similar techniques. Recreational anglers fish for fun or sport and primarily use angling methods to fish in saltwater and freshwater. Additionally, modern fishing techniques such as electric reels, modern rods and nets have added more precision in fishing techniques. Thus, the increase in effective fishing techniques for fishing further propels the growth of the market. However, PETA (People for the Ethical Treatment of Animals), a charity that operates worldwide and is dedicated to establishing and protecting the rights of all animals, campaigns against angling and has launched a number of initiatives and campaigns designed to turn the general public against fishing and achieve their goals. ultimate goal of banning angling. Additionally, PETA has launched a campaign called “Don’t Let Your Kids Become Prostitutes,” which aims to stop parents from encouraging their children to fish. Additionally, many NGOs such as Aquaculture Stewardship Council and Fisheries Innovation Scotland are against commercial fishing and fishing gear. Additionally, 40% of the world’s oceans are heavily impacted by human activities, including fisheries depletion, pollution, and coastal habitat loss, making PETA and NGOs more brutal on fishing. Thus, the increasing anti-fishing campaign by NGOs and PETA is limiting the growth of the fishing gear market.

Customization Request:- https://www.alliedmarketresearch.com/request-for-customization/7348

With the increase in internet penetration, the number of social media users has increased significantly. Considering this, most of the key players in the Fishing Equipment market are strategizing to promote their products and services on these social media platforms. E-commerce is one of the major strategies adopted by various businesses and industries to publicize their product offerings among the target customers on the e-commerce channels. Thus, through e-commerce marketing strategy, analysis of the global Fishing Equipment market is a critical opportunity to gain momentum and grow customer base among its target segments.

Main results of the study

By type, hooks segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period of the fishing tackle market.
By nature, the freshwater segment accounted for the highest share of fishing gear market growth in 2019 and is expected to grow at a CAGR of 3.2% from 2021 to 2027.
By distribution channel, the offline segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period
By region, North America accounted for the highest fishing gear market share in 2019 and is expected to grow at a CAGR of 3.8%.

The major players operating in the fishing equipment industry are Rome Specialty Company, Inc., Daiwa Corporation, Pure Fishing, Inc., Sea Master Enterprise Co., Ltd., Maver UK Ltd, Jarvis Walker Pty, Inc., Pradco Outdoor Brands, Johnson Outdoors Inc., Okuma Fishing Tackle Co., Ltd and Tica Fishing Tackle.

Buy Now:- https://www.alliedmarketresearch.com/checkout-final/e63ab6aa8a1218e4266fc26230fa13d1

Frequently Asked Question:-

1 – What is the estimated market growth rate for the forecast period 2021-2027?
2 – What will be the size of the market during the estimated period?
3- What are the major driving forces responsible for shaping the fate of the Fishing Equipment market during the forecast period?
4- Who are the major vendors in the market and what are the winning strategies that have helped them gain a strong foothold in the fishing gear market?
5 – What are the key market trends influencing the development of the Fishing Equipment market across different regions?
6- What are the major threats and challenges likely to hinder the growth of the Fishing Equipment market?
7 – What are the main opportunities on which market leaders can rely to gain success and profitability?

TRENDS REPORTS: –
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Knitwear Market https://www.alliedmarketresearch.com/knitwear-market-A06511
Liquid Lipstick Market https://www.alliedmarketresearch.com/liquid-lipstick-market-A06570

David Correa
Allied Analytics LLP
800-792-5285
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Fishing Equipment Market Growing Demand, Emerging Trends, Growth Opportunities and Future Scope and Analysis 2027 https://abfishingtackle.com/fishing-equipment-market-growing-demand-emerging-trends-growth-opportunities-and-future-scope-and-analysis-2027/ Mon, 19 Sep 2022 04:32:00 +0000 https://abfishingtackle.com/fishing-equipment-market-growing-demand-emerging-trends-growth-opportunities-and-future-scope-and-analysis-2027/

fishing equipment market

due to the increased use of advanced technologies such as drones, robotics and hybrid technology, which help in catching fish easily

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, Sept. 18, 2022 /EINPresswire.com/ — Global fishing gear market trends are expected to see significant growth, driven by the increased use advanced technologies such as drones, robotics and hybrid technology, which help in catching fish easily. Additionally, the increased interest of children in fishing and its related activities has created new business opportunities for stakeholders, which has boosted overall industry revenues.

According to a new report published by Allied Market Research, titled “Fishing Equipment Market by Type, Nature, and Distribution Channel: Opportunity Analysis and Industry Forecast 2021-2027,” the global fishing equipment market size was valued at $13,481.1 Million in 2019, and is expected to reach $16,107.8 Million by 2027 with a CAGR of 4.0% from 2021 to 2027.

Sample Request:- https://www.alliedmarketresearch.com/request-sample/7348

Sport fishing is gaining ground and has spread to many parts of the world. The term sport fishing refers to fishing or collecting shellfish, which is done primarily for fun. Additionally, sport fishing can take place in both salt and fresh water bodies. Also, countries like the UK and the US are trying to elevate the fishing platform, thanks to which there is better access to water bodies for fishing and making it a popular sport. Various fishing associations such as the American Sports Fishing Association encourage people to increase their participation in fishing by organizing several fishing programs and events. Also, the most common types of fishing equipment used in sports are rod, line, reel, hooks and a wide range of bait or lures such as artificial flies. Additionally, owing to the growing popularity of fishing as a sport and recreational activity, various governments around the world are focusing on the development of fishing, which is also driving the growth of the fishing equipment market.

Additionally, there are a variety of fishing techniques such as gathering, netting, trapping, angling, and spearfishing used to catch the fish. Additionally, recreational, artisanal and commercial fishers use different and sometimes similar techniques. Recreational anglers fish for fun or sport and primarily use angling methods to fish in saltwater and freshwater. Additionally, modern fishing techniques such as electric reels, modern rods and nets have added more precision in fishing techniques. Thus, the increase in effective fishing techniques for fishing further propels the growth of the market. However, PETA (People for the Ethical Treatment of Animals), a charity that operates worldwide and is dedicated to establishing and protecting the rights of all animals, campaigns against angling and has launched a number of initiatives and campaigns designed to turn the general public against fishing and achieve their goals. ultimate goal of banning angling. Additionally, PETA has launched a campaign called “Don’t Let Your Kids Become Prostitutes,” which aims to stop parents from encouraging their children to fish. Additionally, many NGOs such as Aquaculture Stewardship Council and Fisheries Innovation Scotland are against commercial fishing and fishing gear. Additionally, 40% of the world’s oceans are heavily impacted by human activities, including fisheries depletion, pollution, and coastal habitat loss, making PETA and NGOs more brutal on fishing. Thus, the increasing anti-fishing campaign by NGOs and PETA is limiting the growth of the fishing gear market.

Customization Request:- https://www.alliedmarketresearch.com/request-for-customization/7348

With the increase in internet penetration, the number of social media users has increased significantly. Considering this, most of the key players in the Fishing Equipment market are strategizing to promote their products and services on these social media platforms. E-commerce is one of the major strategies adopted by various businesses and industries to publicize their product offerings among the target customers on the e-commerce channels. Thus, through e-commerce marketing strategy, analysis of the global Fishing Equipment market is a critical opportunity to gain momentum and grow customer base among its target segments.

Main results of the study

By type, hooks segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period of the fishing tackle market.
By nature, the freshwater segment accounted for the highest share of fishing gear market growth in 2019 and is expected to grow at a CAGR of 3.2% from 2021 to 2027.
By distribution channel, the offline segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period
By region, North America accounted for the highest fishing gear market share in 2019 and is expected to grow at a CAGR of 3.8%.

The major players operating in the fishing equipment industry are Rome Specialty Company, Inc., Daiwa Corporation, Pure Fishing, Inc., Sea Master Enterprise Co., Ltd., Maver UK Ltd, Jarvis Walker Pty, Inc., Pradco Outdoor Brands, Johnson Outdoors Inc., Okuma Fishing Tackle Co., Ltd and Tica Fishing Tackle.

Buy Now:- https://www.alliedmarketresearch.com/checkout-final/e63ab6aa8a1218e4266fc26230fa13d1

Frequently Asked Question:-

1 – What is the estimated market growth rate for the forecast period 2021-2027?
2 – What will be the size of the market during the estimated period?
3- What are the major driving forces responsible for shaping the fate of the Fishing Equipment market during the forecast period?
4- Who are the major vendors in the market and what are the winning strategies that have helped them gain a strong foothold in the fishing gear market?
5 – What are the key market trends influencing the development of the Fishing Equipment market across different regions?
6- What are the major threats and challenges likely to hinder the growth of the Fishing Equipment market?
7 – What are the main opportunities on which market leaders can rely to gain success and profitability?

TRENDS REPORTS: –
Helmet Camera Market https://www.alliedmarketresearch.com/helmet-cameras-market-A06503
Home Laundry Appliances Market https://www.alliedmarketresearch.com/home-laundry-appliances-market-A06515
Kids Scooters Market https://www.alliedmarketresearch.com/kids-scooter-market-A06569
Knitwear Market https://www.alliedmarketresearch.com/knitwear-market-A06511
Liquid Lipstick Market https://www.alliedmarketresearch.com/liquid-lipstick-market-A06570

David Correa
Allied Analytics LLP
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Colorado bankruptcies fall 5.7% in August – Loveland Reporter-Herald https://abfishingtackle.com/colorado-bankruptcies-fall-5-7-in-august-loveland-reporter-herald/ Sun, 18 Sep 2022 21:40:30 +0000 https://abfishingtackle.com/colorado-bankruptcies-fall-5-7-in-august-loveland-reporter-herald/

Colorado bankruptcies fell 5.7% in August from the same period a year ago, although Larimer and Weld counties saw increases.

Boulder County bankruptcy filings declined, with a slight increase in Broomfield.

That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted include all new filings, including cases opened, closed and dismissed. Colorado recorded 514 bankruptcy filings in August, down from 545 in August 2021.

Since the start of the year, the state has registered 3,356 bankruptcy filings, compared to 4,552 in the first eight months of 2021, down 26%.

Among northern Colorado and Boulder Valley counties:

• Larimer County filings totaled 41 in August, up from 23 a year ago, an increase of 78%. Filings in the first eight months of the year were 200, compared to 222 in the first eight months of 2021, down 10%. Larimer County recorded 30 bankruptcy filings in July 2022.

• Weld County bankruptcy filings totaled 47 in August, compared to 31 recorded a year ago, an increase of 51%. Year-to-date filings totaled 266, down from 321 a year ago, down 17%. Weld County recorded 35 bankruptcy filings in July 2022.

• Boulder County had 10 bankruptcy filings in August, down from 16 in August 2021. The county has seen 108 filings year-to-date, down from 161 in the first eight months of 2021, down 32, 9%. Boulder County recorded 18 bankruptcy filings in July 2022.

• Broomfield recorded five bankruptcy filings in August, down from four in August 2021. Year-to-date filings totaled 42, down from 54 a year ago, down 22%. Broomfield recorded five bankruptcy filings in July 2022.

The Larimer County filings included an involuntary bankruptcy petition for Statera Biopharma Inc., a Fort Collins biotech company.

This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.

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Why OxyContin Maker Purdue Pharma is Still Bankrupt https://abfishingtackle.com/why-oxycontin-maker-purdue-pharma-is-still-bankrupt/ Sat, 17 Sep 2022 09:15:07 +0000 https://abfishingtackle.com/why-oxycontin-maker-purdue-pharma-is-still-bankrupt/ STAMFORD – Three years ago this week, OxyContin maker Purdue Pharma filed for bankruptcy. Around this time a year ago, he had just gotten approval from a bankruptcy judge for a settlement plan. But today, his bankruptcy remains unfinished.

Given the complexity and litigation of the bankruptcy of Stamford-based Purdue – which is trying to settle several thousand lawsuits brought against the company over its alleged role in the national opioid crisis – a protracted process was inevitable. Even after resolving long-running disputes with states such as Connecticut, uncertainty remains over when the bankruptcy will end, further heightening concerns over when settlement funds will finally be disbursed to help fight. against an incessant epidemic.

“There have been risks in a bankruptcy process with so many creditors, plaintiffs and states,” Connecticut Attorney General William Tong said in an interview. “I hear from victims and survivors of opioids, and they are concerned that there are always risks in this process. There have always been risks in this process.

In response to a request from Hearst Connecticut Media, Purdue reiterated its intention to enact its settlement plan.

“We made great progress during the bankruptcy. Today, nearly all creditors agree the plan is the fairest and best way to provide billions of dollars of value for victim compensation, opioid crisis relief, and emergency relief medication. overdose,” the company said in a statement. “We are optimistic that the courts will ultimately uphold the confirmation order.”

The company did not make anyone available to interview for this article.

A long and complex process

By seeking Chapter 11 protection, Purdue has consolidated thousands of lawsuits filed in recent years by local and state governments across the country, including Connecticutwho allege the company fueled the opioid crisis with deceptive marketing of OxyContin, a prescription opioid that is the company’s top-selling drug. Additionally, more than 135,000 claims on personal injury forms have been filed against the company through bankruptcy.

After about two years in bankruptcy proceedings, Purdue’s settlement plan last year garnered resounding support from voting creditors and then won backing from the presiding bankruptcy judge. But when Judge Robert Drain approved the settlement framework in September 2021, Connecticut and several other “unwilling” states appealed the decision because they said the terms offered — including a payment of about $4.3 billion by members of the Sackler family who own the company — were unacceptable.

“Due to the complex nature of the process, it takes a very long time, especially with such a controversial and very public process like this,” Robert Bird, a business law professor at the University of Connecticut, said in an interview. . . “It creates an environment where many contentious issues have to be resolved through the courts before the money is finally paid out.”

Tong and the attorneys general of the other “non-consenting” states were particularly critical of Drain’s endorsement of the plan’s stipulation for “non-debtor releases” that would have forced them to waive their claims against the Sacklers. The Sacklers, who have not personally filed for bankruptcy, have denied allegations by Tong and other attorneys general that they abused the bankruptcy process to shield themselves from liability.

Last March, Connecticut and the other “unwilling” states finally reached a settlement with Purdue and the Sacklers. Among key terms, the Sacklers agreed to increase their contribution to the settlement to $6 billion.

“I will never be satisfied with this process,” Tong said. “I did what I had to do to hold the Sacklers accountable and bring the most value possible to victims and to addiction treatment, prevention and science. But don’t think for a second that I am happy.

Even if no state opposes a settlement any longer, the plan cannot be implemented without additional court approval. Drain’s decision was overturned last December by District Judge Colleen McMahon. She agreed with the “non-consenting” states that the bankruptcy court had no power to compel the states to waive their claims against the Sacklers.

Purdue has appealed McMahon’s decision, but is still awaiting a decision on its appeal from the Court of Appeals for the Second Circuit. If the Second Circuit finds that the bankruptcy court properly upheld the settlement plan, Purdue officials expect it will take at least two to three months before the company emerges from bankruptcy.

“While the delay due to the district court ruling was unfortunate, the fact that our creditors came together to form the value maximization plan that was upheld by the bankruptcy court is remarkable and sets our timing well. ahead of what we would otherwise be,” Purdue said in its statement. “We believe so strongly in Knoa Pharma’s vision that the wait will have been worth it when Knoa Pharma is able to commit billions of dollars to opioid reduction efforts – where funds are urgently needed.” (Knoa Pharma is the successor company to Purdue, a company that would develop and distribute millions of doses of opioid addiction treatment and overdose medications, according to Purdue’s plan.)

If a party disagrees with the Second Circuit’s decision, it could appeal to the United States Supreme Court. fight non-consensual releases of non-debtors.

Today, the Justice Department, through its bankruptcy-focused U.S. administrator program, stands as the primary opponent among a small number of remaining opponents of the settlement plan. “None of the 50 states, no local governments and none of the hundreds of thousands of creditors continues to appeal our confirmation order,” Purdue said in its statement.

A message left this week at the Department of Justice was not returned. In a statement last December praising McMahon’s decision, Attorney General Merrick Garland said the “bankruptcy court had no power to deprive victims of the opioid crisis of their right to sue the Sackler family.” The department remains committed to opioid reduction efforts and supporting victims of opioid abuse.

As part of a settlement with the Department of Justice, Purdue pleaded guilty in November 2020 to three criminal charges of conspiracy to defraud the government and violation of the anti-bribery law. At the same time, the Sacklers involved with Purdue agreed to a $225 million settlement with the department to resolve allegations of marketing and financial misconduct at Purdue. The Sacklers have admitted no wrongdoing in connection with this agreement.

To the dismay of many, including Tong and Sen. Richard Blumenthal, D-Connecticut, the Justice Department has not criminally charged anyone currently or previously involved with Purdue in connection with the company’s guilty plea.

“I’m concerned, and I’m going to ask the DOJ based on their continued opposition” to the settlement plan, Blumenthal, a member of the Senate Judiciary Committee who sued Purdue when he was the state’s attorney general, says. in an interview. “They owe an explanation to the victims (opioids), in particular.”

The lack of clarity on the endpoint of bankruptcy worries many loved ones of opioid victims and survivors of opioid addiction. They fear further delays or even missing out entirely on the personal injury funds that are included in the settlement plan. Eligible applicants would each receive between $3,500 and $48,000 each, for a total of up to $750 million.

“It seems everyone was worried about getting the lawyers paid, and the states were worried about getting money into the states,” Norwalk resident Dede Yoder, whose son died of an overdose of fentanyl and carfentanil at age 21 in 2017, after being prescribed OxyContin as a teenager, said in an interview “But the real victims of all of this, it’s like we’re not even one of them. And yet, it is about us.

More opioid settlement funds on the way

As Purdue’s bankruptcy drags on, funds from settlements with other companies implicated in the opioid epidemic are already pouring into the state. These funds are urgently needed for treatment and prevention programs to address an ongoing opioid crisis. Last year, there were 1,413 opioid-related deaths in Connecticut, up 11% from 2020, according to the Office of the Chief Medical Examiner.

Of the other colonies to which Connecticut joined, it would receive in years to come about 300 million dollars pharmaceutical distributors Cardinal, McKesson and AmerisourceBergen and drugmaker Johnson & Johnson; approximately $7.5 million consulting firm McKinsey & Co., whose clients included Purdue; and nearly $14 million from drugmaker Mallinckrodt.

In addition, the State is in line to receive amounts to be determined from drugmakers Allergan, Endo and Teva, after Tong’s announcements over the past two months that the state would join settlements with these companies.

“People know that if they played a role in the opioid crisis, they’re in trouble,” Tong said. “Anyone who works for the attorneys general –
or pursue cases with us or defend cases against us – know that Connecticut is a leader in the fight against the addiction industry and that we are very aggressive.

pschott@stamfordadvocate.com; twitter: @paulschott

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