Brussels is to venture into the politically sensitive area of pan-European bankruptcy rules, saying the continent needs a version of the US Chapter 11 system to make the most of its entrepreneurial potential. The European Commission said its plans would offer struggling businesses breathing space from creditors and stop value being destroyed by companies going…
A radical cross-border shake-up of insolvency laws was today proposed by the European Commission. An EU draft directive was issued proposing to give companies more breathing space to sort out debts instead of being forced to cease trading. Similar to US-style Chapter 11 proceedings, companies would be shielded from creditors taking action against a company…
The care home industry is in an even worse financial state than feared after a revision of government data revealed that nearly 100 more such businesses than previously thought have collapsed since 2010. The release of the figures has heightened calls for Philip Hammond, the chancellor, to offer financial support to care homes in the…
SAN JOSE, Calif.–(BUSINESS WIRE)–OPTi, Inc. (the Company)(OTCBB:OPTI) announced that on November 18, 2016 that its Board of Directors (Board) has declared the final cash distribution of $0.6369 per share on the Companys stock pursuant to the Plan of Liquidation (the Plan) approved by the shareholders as disclosed on the Companys Form 8-K filed June 1,…
Nov. 22, 2016 11:00 a.m. ET Small companies in Europe will find it easier to bounce back under new rules proposed by the European Commission as it takes the first step toward harmonizing the blocs disparate insolvency framework to boost entrepreneurship and growth. The plan, launched by the European Unions executive arm Tuesday, stipulates that…
WASHINGTON, Nov. 22, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that Carlyn Taylor, Global Co-Leader of the Company’s Corporate Finance & Restructuring segment, has been named the 2016 Woman of the Year in Restructuring by the International Women’s Insolvency & Restructuring Confederation (“IWIRC”). A photo accompanying this announcement is available…
The myth about debt management companies can save you from your debt is unlikely to be true. In fact, you may get out of your debt, but end up with your credit trash. If you certainly need car debt advice in Houston, then you definitely need the serious person behind to help you. FORT LAUDERDALE,…
Heres the deal: You have a four-day weekend on deck. You have a fully stocked Hulu watchlist that you havent worked your way through yet. This isnt a crisis, its an opportunity. Need help prioritizing? We suggest starting with the movies leaving at the end of Novemberand weve handpicked the most essential flicks in that…
DALLAS–(BUSINESS WIRE)–Jacobs Engineering Group Inc. (NYSE:JEC) today announced its financial results for the fourth quarter and fiscal year ended September 30, 2016. Fiscal 2016 Highlights: Q4 2016 U.S. GAAP net earnings of $30M, or $0.24 per diluted share, and fiscal 2016 U.S. GAAP net earnings of $210M, or $1.73 per share; Q4 2016 adjusted net…
Portuguese TV channel Economico TV, owned by New Media (part of Ongoing), has filed for insolvency, according to information published on the Citius portal, reports Jornal de Negocios. The creditors in the process are Lisgrafica and ST&SF. The decision comes after Ongoing Strategy Investments was declared insolvent in August, followed by liquidation in October.…