Published 15/04/2016 | 02:30 Donald Trump has done it three times and there’s every chance he’ll be a nominee for US President yet. But on this side of the pond, bankruptcy still has a stigma attached, a shame that is hard to shift. Share Go To Despite the launch of the Insolvency Service and legislation…
Industry Business rescue presents an opportunity for a more flexible approach to company restructuring. Keren Watson | 15 April 2016 00:50 Business rescue presents an opportunity for a more flexible approach to company restructuring. A number of corporate steps can be taken to restructure a company. These include the issue of shares, a change in the terms or…
Theres a lot of bad news out of corporate America these days. Bankruptcies are increasingly common, companies are struggling to make on-time interest payments and the latest earnings reports are expected to be disappointing. So its rather odd that investors are flooding into the most distressed bonds, with the debt set for its best two-month…
The BlackRock sign is pictured in the Manhattan borough of New York, in this October 11, 2015 file photo. Reuters/Eduardo Munoz/Files BlackRock Inc (BLK.N) said on Thursday it will cut 400 jobs and take a $76 million restructuring charge after posting a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets.…
(Photo: Jeffery Scism)MARY ANNE HITT OF ECOWATCH FOR BUZZFLASH AT TRUTHOUT Article reprinted with permission from EcoWatch This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that…
Introduction Conflicting high court decisions Company court’s interference Sale without court intervention Introduction In Pegasus Assets Reconstruction P Ltd v M/s Haryana Concast Limited(1) a division bench of the Supreme Court held that a company court (through the official liquidator) cannot wield any control in respect of a sale of secured assets by a secured…
The lonely life of David Gest has been revealed. He is said to have blown thousands of pounds gambling in the months before he died, and left debts of nearly half a million. Punters reportedly saw the entertainer, below in one of his last photoshoots, feeding two of the 50p-a-go slot machines at the same…
After a couple of years when Australia’s personal insolvency numbers fell sharply, a growing number of people have entered into debt agreements over the past year. According to the latest Australian Financial Security Authority figures, the number of personal insolvencies rose two per cent in the March quarter, compared with the same quarter last year.…
Shutterstock photo WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the country’s top central banker said on Thursday. The deepening slowdown in the world’s second-largest economy has heightened the need for Chinese authorities to come up with ways to…
April 14, 2016 11:59 a.m. ET WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the countrys top central banker said on Thursday. The deepening slowdown in the worlds second-largest economy has heightened the need for Chinese authorities to come up with…