Around the time that Cravath announced its great associate pay raise, it also provided its associates with information about various organizations that help associates refinance their student loans. Similarly, firms like Latham & Watkins and Sullivan & Cromwell have made arrangements with finance companies to provide refinancing of law school debt on favorable terms. But…
Murray Energy Corp [MUYEY.UL], one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday. The talks underscore the industry’s challenges as governments have curbed the use of coal at…
11:40 18/07/2016 MOSCOW, July 18 (RAPSI) The Moscow Commercial Court has declared Lenur Islyamov, alleged organizer of food blockade of Crimea, bankrupt, Islyamovs representative told RAPSI on Monday. On March 16, the court introduced a procedure for restructuring of Islyamovs debt upon the application of Sberbank of Russia. According to the banks representative, the businessmans…
The first Mad Butcher store in Mangere, founded in 1971 by Sir Peter Leitch, has gone into liquidation. It is the sixth to do so since March last year and follows the recent closure of two other stores. Four stores in the Veritas Investments-owned franchise [NZX: VIL] went into liquidation over a period of three weeks last…
A MUM-OF-TWO has slammed lowcostholidays for taking nearly £400 in a holiday instalment HOURS before announcing they had gone bust. Furious Natasha Prescott, 28, paid the remaining £369 for an Ibiza holiday with her partner Wayne Jackson, 30, and sons Bradyn, six and Declan, three, on Friday morning. Natasha Prescott Natasha Prescott paid the final…
North East England has retained its unwanted place at the top of the national table for personal insolvency for the eighth consecutive year. According to the latest annual figures from The Insolvency Service, there were 22.6 individual insolvencies per 10,000 people in the North East in 2015, which are comprised of bankruptcies, Debt Relief Orders…
©EPA The scene of the plane crash in Slovenia where Unister’s Thomas Wagner died Four days after its founder died in a plane crash in Slovenia with a suitcase containing millions of euros in cash on board, the German internet company Unister has filed for insolvency. Thomas Wagners death had been a turning point for…
Sophie Morris – The West Australian on July 19, 2016, 12:34 am Illustration: Toby Wilkinson Like doomed footsoldiers on the blood-soaked battlefield of the Somme in 1916, subcontractors in the construction industry are so numerous, they are considered expendable. Thats the startling analogy cited by a Senate committee report into insolvencies in the industry, underlining…
Unister, the holding company behind a string of high-profile online travel brands in Germany, has made itself voluntarily insolvent. Under its umbrella are Fluege, Reisen and Geld all of which will not be affected, according to the filing, as they operated independently by other entities. An insolvency fund will allow the business to continue operations whilst…