Birmingham fire sale: What might bankrupt city council be forced to sell to pay its bills?

Source: https://www.dailymail.co.uk/news/article-12534691/What-REALLY-happened-Russell-Brand-Katherine-Ryan-Roast-Battle-awkward-interactions-stars-Comedy-Central-accused-sexual-predator.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Councillor Steve Keable (Lib Dem, Taw Vale) noted what he called a "fire sale" of assets by Devon County Council in a bid to raise funds, and questioned whether Mid Devon could do the same.

Source: https://www.devonlive.com/news/devon-news/devon-council-facing-difficult-decisions-8896160

Cr Elisha Aitken disagreed with the use of the phrase "fire sale" but agreed the process should be stopped because of the importance of recreational land.

Source: https://www.illawarramercury.com.au/story/8075319/reeks-of-duplicity-council-calls-on-government-to-stop-lake-illawarra-land-sale/?src=rss

However, he has stopped short of calling for a fire sale of cultural assets.

Source: https://www.dailymail.co.uk/news/article-12554453/Bankrupt-Birmingham-city-council-HQ-hotel-pay-debts.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

In regular debt, default is default plain and simple and either a pre-packaged deal with creditors emerges or a fire sale to a competitor -- but the operator is gone.

Source: https://seekingalpha.com/article/4659455-caesars-low-hanging-fruit-no-one-appears-to-be-plucking?source=feed_all_articles

Nevertheless, a large proportion of debt securities are held to maturity and the possibility of fire sale is small, given ample liquidity in the system,” AMRO said.

Source: https://businessmirror.com.ph/2023/11/29/housing-program-may-worsen-ncr-real-estate-woes/?utm_source=rss&utm_medium=rss&utm_campaign=housing-program-may-worsen-ncr-real-estate-woes

Prior to the fire sale, many TikTok users had gone viral as the posted videos showing them destroying their Balenciaga wears including who burned her sneakers as another, cut up a tote bag.

Source: https://www.dailymail.co.uk/news/article-11621567/Balenciagas-scandal-hits-profits-Kim-Kardashian-slashes-brands-prices-resale-site.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

The takeover by JP Morgan was better than the alternative – a fire sale of First Republic’s holdings, she added.

Source: https://thefrontierpost.com/first-republic-jp-morgan-snaps-up-major-us-bank/