Jeanne Fleming and Leonard Schwarz San Jose Mercury News correspondents Dear Jeanne and Leonard: Ten years ago my brother “Jack” and I each lent our brother “Don” $5,000 so he could wipe out his gambling debts. Don promised to pay us back, but he never really did. Over the years, he paid me a total…
Disruption to strategies and operating models is seeing a growing number of incumbents finding themselves in stress and crisis, as disruptive players leveraging technology are transforming business models and client relationships. According to a new study, the trend is sparking an increased demand for restructuring services and Chief Restructuring Officers to implement redesigns and manage crisis situations. The current period is…
By Paul Gores of the Journal Sentinel Updated: 1:18 p.m. 0 American Family Mutual Insurance Co. said Thursday it is planning a corporate restructuring, a move that would make it easier for the company to invest… Read the full article at: http://www.jsonline.com/business/american-family-mutual-insurance-co-seeks-corporate-restructuring-b99745928z1-383301911.html
A Whangarei company which tried to liquidate another commercial entity over an unpaid bill not only failed in its bid but also had costs awarded against it. CablePrice in Whangarei applied to the High Court at Whangarei under the Companies Act for an order that Taimona Haulage be liquidated over an unpaid bill of $14,607…
The Bucharest Court has postponed the exit from insolvency procedures of Hidroelectrica to June 21. The decision was postponed numerous times already, since the energy supplier entered insolvency in February 2014 for the second time. Previously, the company was placed under judicial reorganization procedures between June 2012 June 2013. The court was supposed to rule…
Bucharest Court of Justice postponed for June 21, the exit from the insolvency process of energy company Hidroelectrica, according to sources from energy sector quoted by the national newswire Agerpres. 2016-06-16 15:35:20 The company was declared insolvent in February 2014, for the second time, the first time being between June 2012-June 2013. The major measure…
The job market is grim on Wall Street. Trading desks are shrinking, hiring is flat, even incentive pay is taking a hit. Except in one little corner of the financial world, where managers cant read resumes fast enough. The turnaround expert is in hot demand. With company after company in oil, coal, retail and other…
A bill establishing a legal framework for Puerto Rico to restructure its $72 billion debt load passed the House by a 297-127 vote after months of haggling among the Obama administration, Democrats, bondholders, unions, Puerto Rico officialsand conservatives. About the only thing conservatives agree on about legislation the House passed Thursday night providing rescue to Puerto Ricos debt crisis is that…