Latest news with #MichaelHunter
The Independent
30-05-2025
- Business
- The Independent
Don King confirms successful $1.1million purse bid for Kubrat-Hunter title fight
Legendary boxing promoter Don King will promote the WBA 'regular' heavyweight title fight between reigning champion Kubrat Pulev and challenger Michael Hunter in August, with the American paying over $1million for the right to organise the bout. The 93-year-old took to Instagram to confirm that his purse bid for the title fight had been successful, sharing: 'Hall of Fame boxing Promoter Don King wins $1.1million purse bid to promote WBA regular heavyweight world champion Kubrat Pulev facing no. 2 contender Michael Hunter on August 23.' 44-year-old Pulev, 32-3 (14), took the WBA's secondary world title with a unanimous decision over Mahmoud Charr in December. Hunter, 24-1-2 (17), enters the contest as the WBA gold champion at heavyweight, having won the strap in June 2024 with a unanimous decision of his own against Cassius Chaney. Watch over 150 boxing events a year live on DAZN - subscribe now Pulev-Hunter effectively serves as a semi-final to a four-man tournament set up by the WBA. Fabio Wardley 's clash with Justis Huni on Saturday, June 7, live on DAZN, is the other leg of the eliminator, with a view of the winners from each fight to face each other before December 31. The winner of Wardley-Hunis will take the interim regular heavyweight title, further cementing the victor's position as challenger to the regular belt. Whilst Kubrat Pulev is listed by the WBA as a world champion and is thus unranked, Wardley, Hunter, and Huni are all inside the organisation's top 10. Wardley is currently number one, with Hunter second. Huni is further down the ratings, coming in at ninth at the WBA's last update at the end of April. It remains to be seen whether the winner of the four-man tournament will be given any preferential treatment, such as an official mandatory shot at the WBA's 'super' heavyweight champion, Oleksandr Usyk. Despite previous promises to streamline their world titles, the WBA has continued to hand out both regular and super versions of titles across numerous divisions. Watch the very best boxing with a DAZN subscription DAZN is the home of combat sports, broadcasting over 185 fights a year from the world's best promoters, including Matchroom, Queensberry, Golden Boy, Misfits, PFL, BKFC, GLORY and more. An Annual Saver subscription is a one-off cost of £119.99 / $224.99 (for 12 months access), that's just 64p / $1.21 per fight. There is also a Monthly Flex Pass option (cancel any time) at £24.99 / $29.99 per month. A subscription includes weekly magazine shows, comprehensive fight library, exclusive interviews, behind-the-scenes documentaries, and podcasts and vodcasts.
The Independent
27-05-2025
- Business
- The Independent
Purse bids ordered for Kubrat Pulev's defence of WBA regular heavyweight title against Michael Hunter
Kubrat Pulev is set to face Michael Hunter for the WBA regular heavyweight championshipafter the organisation ordered purse bids to made by Tuesday, May 27. 44-year-old Pulev earned the belt by defeating Manuel Charr in December 2024, effectively becoming the WBA's secondary champion. Hunter, 24-1-2 (17), is currently ranked number two in the WBA's heavyweight ratings. Number one, Fabio Wardley, has been bypassed as he is currently set to fight Justis Huni in his hometown of Ipswich on Saturday, June 7, live on DAZN. As such, the WBA says that Hunter is the 'division's top available contender'. Announcing their intention to set up a fight between Pulev, 32-3 (14), and Hunter, the WBA stated: 'The World Boxing Association (WBA) has officially called a purse bid for the heavyweight world title bout between reigning champion Kubrat Pulev and mandatory challenger Michael Hunter. The purse bid is scheduled for Tuesday, May 27, in Houston, Texas, and will be conducted by WBA Championships Committee Vice-Chairman Julio Thyme. It added: 'After granting both camps a negotiation period that failed to produce a deal, the WBA has moved to the next step in the process. Formal notice was sent through official channels, outlining all terms and conditions of the purse bid procedure.' The purse will be split 75/25 in favour of champion Pulev. Oleksandr Usyk is the current holder of the WBA's super heavyweight title, which is viewed as being on par with the other three organisations' main belts. Coincidentally, Usyk will be fighting for all four equivalent belts this summer, when he aims to reunify the division with a rematch against IBF champion Daniel Dubois on Saturday, July 19, which will be live on DAZN. Former undisputed champion Usyk was forced to vacate the IBF title shortly after unifying all four belts following his split decision win over Tyson Fury. That was because Usyk prioritised a rematch with Fury over facing his mandatory challenger, Dubois. Dubois subsequently defeated Anthony Joshua in September 2024, elevating the Brit to world champion status and leading to another unification bout in the heavyweight division. Usyk previously defeated Dubois with a ninth-round stoppage in August 2023.
Epoch Times
06-05-2025
- Business
- Epoch Times
Chapter 7 Individual Bankruptcies in April Rise by 16 Percent Year Over Year
Chapter 7 bankruptcy filings by Americans rose by 16 percent year over year to hit 30,961 filings in April, the American Bankruptcy Institute (ABI) said in a May 2 Total bankruptcy filings, which include submissions from both individuals and businesses, were up by 9 percent on an annual basis. When an individual resorts to Chapter 7 bankruptcy, the court assesses the value of his or her assets and sells them to pay off as many outstanding debts as possible. Any remaining debt is canceled. The individual gets to keep some of the assets that were exempted from the process. 'The 9 percent increase in total bankruptcy filings in April 2025, particularly the 16 percent surge in individual chapter 7 filings, reflects the mounting financial strain on households, elevated prices, and higher borrowing costs,' Michael Hunter, vice president of bankruptcy data provider Epiq AACER, said in a statement. While individual bankruptcy filing numbers jumped in April, the country's overall economic situation has improved over the past months, according to employment and inflation data. In April, the U.S. economy added 177,000 new jobs, which followed 185,000 additions in March, according to Related Stories 5/5/2025 5/5/2025 White House press secretary Karoline Leavitt was quoted as saying in a May 2 White House Meanwhile, according to BLS data, the 12-month annual A Gallup Commercial Bankruptcy, Private Equity According to the May 2 ABI statement, overall commercial bankruptcy filings made by businesses decreased by 12 percent in April on an annual basis. There was a 4 percent growth in subchapter V business filings, which 'highlights the ongoing challenges for small businesses seeking relief, pointing to a broader need for accessible restructuring options,' Hunter said. There are concerns about the role of private equity investments in business bankruptcies. In an April 25 After analyzing bankruptcies of companies with more than $1 billion in liabilities, PESP discovered that seven out of 10 bankruptcies were of businesses owned by a private equity company, even though private equity only makes up 6.5 percent of the U.S. economy. 'This continues a troubling trend: in 2024, private equity-backed companies comprised 11 percent of all bankruptcies and 54 percent of large bankruptcies (those with over $1 billion in liabilities),' PESP said. 'Just three months into 2025, the industry is already outpacing that track record.' According to PESP, private equity focuses on short-term gains and rapid value extraction from businesses they invest in, thereby risking the long-term sustainability of the entities. Focusing on rapid financial gains can result in 'significant mismanagement' and instability, thereby pushing up bankruptcy rates among private equity-owned businesses. 'Bankruptcies are a key bellwether signaling the broader risks associated with private equity investments. For investors and the public alike, bankruptcy trends mark a critical moment and highlight the industry's need for regulation and transparency,' the nonprofit said.
Yahoo
02-05-2025
- Business
- Yahoo
April Consumer Chapter 7 Bankruptcy Filings Increase 16 Percent from Previous Year
Total Bankruptcy Filings Increase 9 Percent NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- The 30,961 individual chapter 7 filings in April 2025 represented a 16 percent increase over the 26,781 filings recorded in April 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total individual bankruptcy filings increased 10 percent in April 2025, to 47,323, up from the April 2024 individual filing total of 43,030. The 16,246 individual chapter 13 filings in April 2025 represented a slight increase from the 16,175 individual chapter 13 filings last April. 'The 9 percent increase in total bankruptcy filings in April 2025, particularly the 16 percent surge in individual chapter 7 filings, reflects the mounting financial strain on households, elevated prices, and higher borrowing costs,' said Michael Hunter, Vice President of Epiq AACER. 'While commercial filings have softened, the uptick in small business Subchapter V elections signals persistent distress among smaller businesses navigating an uncertain economic landscape.'April 2025's data underscores a continued rise in individual bankruptcies, with 47,323 filings driven by economic pressures like inflation and geopolitical uncertainties,' Hunter said. 'Although commercial Chapter 11 filings declined, the 4 percent growth in subchapter V filings highlights the ongoing challenges for small businesses seeking relief, pointing to a broader need for accessible restructuring options.' Total bankruptcy filings were 49,588 in April 2025, a 9 percent increase from the April 2024 total of 45,615. Conversely, total April commercial filings dipped 12 percent to 2,265 from the 2,585 total commercial filings the previous year. Commercial chapter 11 bankruptcy filings decreased 20 percent in April 2025, declining to 434 from the 542 filings registered in April 2024. Small business filings, however, captured as subchapter V elections within chapter 11, increased 4 percent in April 2025, to 218 from the 210 filings recorded in April 2024. 'While filings still remain below pre-pandemic levels, elevated prices, higher borrowing costs and uncertain geopolitical events compound the economic challenges faced by families and businesses,' said ABI Executive Director Amy Quackenboss. 'We look forward to providing Congress with the research, information and statistics to re-establish higher debt thresholds for financially distressed small businesses and consumers to access the fresh start of bankruptcy.' ABI has partnered with Epiq Bankruptcy to provide the most current bankruptcy filing data for analysts, researchers, and members of the news media. Epiq Bankruptcy is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry's most dynamic bankruptcy data, updated daily. Learn more at About EpiqEpiq, a technology and services leader, takes on large-scale and complex tasks for corporate legal departments, law firms, and business professionals by integrating people, process, technology, and data. Clients rely on Epiq to streamline legal and compliance, settlement, and business administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 19 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq's approximately 8,000 people worldwide create meaningful change at About ABI ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit For additional conference information, visit Press ContactsCarrie TrentEpiq, Senior Director of Corporate Communications and Public John Hartgen ABI, Public Affairs Officerjhartgen@ in to access your portfolio
