June 2, 2016 - Insolvency Guardian

Treasury Wine Estates chief Mike Clarke is restructuring the firm’s Californian operations. Photo: David Mariuz – The Sydney Morning Herald

RestructuringBy Insolvency Guardian June 2, 2016

Treasury Wine Estates chief Mike Clarke is restructuring the firm’s Californian operations. Photo: David Mariuz Penfolds owner Treasury Wine Estates is restructuring its winery assets in California with the sale of the Paicines winery and several small vineyards and an expansion of production at the Beringer winery as it pursues $34 million in cost savings in its…

BRIEF-Toshiba Tec to step up restructuring of POS Business overseas – Nikkei – Reuters

RestructuringBy Insolvency Guardian June 2, 2016

June 2 (Reuters) – * Toshiba Tec to step up restructuring of pos business overseas – Nikkei * Toshiba Tec plans to close units marketing point-of-sales systems,cut jobs in business a cost of about 2 bln yen ($18.4 mln) this fiscal year – Nikkei * Toshiba Tec will shut down eight or nine pos system…

Hidroelectrica might exit insolvency this June, says Borza – Business Review

BankruptcyBy Insolvency Guardian June 2, 2016

The judicial administrator of Hiroelectrica, Remus Borza, says that the energy company might exit insolvency June 8, when the next term of litigation at the Bucharest Court is scheduled. Borza stated: I didnt come thinking that I would get retired from Hidroelectrica, altough it would have been an honor, obviously. () so on June 8,…

LGX Oil + Gas blames sage grouse protection order for insolvency – CBC.ca

BankruptcyBy Insolvency Guardian June 2, 2016

A junior oil and gas company in Calgary is blaming an order aimed at protecting a rare Prairie bird for its insolvency. LGX Oil + Gas says its daily operations and drilling plans were significantly disrupted when an emergency order under the federal Species at Risk Act took effect in February 2014 that protects the…

Filings: What a $25 million restructuring means for this Nashville public company – Nashville Business Journal

RestructuringBy Insolvency Guardian June 2, 2016

Some of those changes are obvious: there are many new faces in the executive suite since North Tide Capital first pushed for the ouster of then-CEO Ben Leedle. The company has announced a $25 million restructuring effort that includes transition from five markets to two distinct business units, and it recently leased a full floor…

Do the numbers before jumping on debt consolidation loans – Stuff.co.nz

Debt HelpBy Insolvency Guardian June 2, 2016

Talie Croad says it is tempting to get into more debt once you feel more in control. Talie Croad had racked up $13,000 in consumer debt when she decided something needed to be done about it. There was money owing on a Q Card, credit cards, a personal loan and smaller amounts due to people she knew.…

From Sir Philip Green to Frank Field, these are the most important reactions to BHS’ liquidation – City A.M.

LiquidationBy Insolvency Guardian June 2, 2016

It’s the end of an era: after weeks of uncertainty, today BHS’ administrators finally announced they were calling time on the sale of BHS – without a buyer. That could mean the disappearance of one of the high street’s biggest names, with all 163 stores closing. Not surprisingly, given the size of the collapse – some…

Toshiba Tec to step up restructuring of POS business overseas – Nikkei Asian Review

RestructuringBy Insolvency Guardian June 2, 2016

TOKYO — Toshiba Tec plans to close units marketing point-of-sales systems and cut jobs in the business at a cost of roughly 2 billion yen ($18.4 million) this fiscal year. The subsidiary of Japanese conglomerate Toshiba will accelerate reorganization efforts to deal with shrinking investment by U.S. retailers and unfavorable exchange rates. Toshiba Tec will shut…

Regulators to help borrowers avoid ‘debt trap’ – Chattanooga Times Free Press

Debt HelpBy Insolvency Guardian June 2, 2016

The Consumer Financial Protection Bureau will propose new federal limits today on payday and auto title loans to help borrowers avoid what the agency says is often a “debt trap” for millions of Americans. The federal agency, which was created by the Dodd-Frank law adopted by Congress in 2010 in the wake of the financial…

KoreConX Announces New Program to Help Equity/Debt Crowdfunding Portals Access Chinese Investors & Companies – Crowdfund Insider

Debt HelpBy Insolvency Guardian June 2, 2016

On Thursday, KoreConX announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing Chinas accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework, technology deployment requirements, and operations and support.President and CEO of…

Daily Archives: June 2, 2016