Bankrupt firms can’t ignore employees, customers in revival plans – Livemint

The Insolvency and Bankruptcy Board of India, which oversees the revival and liquidation of distressed firms, amended two of its regulations to require that every turnaround scheme should also specify how the interests of these stakeholders will be taken care of. Photo: AFP New Delhi: Bankrupt businesses exploring turnaround options under pressure from lenders can…

When all else fails? Bankrupt Boris Becker takes part in a POKER tournament after it emerged he ‘borrowed £2million … – Daily Mail

Becker will be taking part in the tournament in Vienna which starts today Former tennis star turned to friend John Caudwell for a loan, it is reported Billionaire found of Phone4U ‘agreed to lend the tennis star £2million’  Mr Caudwell agreed to the deal after hearing Becker’s debts were severe enough to land him in…

Hampshire Group Extension Motion Withdrawn, Plan Effective & Summarized – Bankrupt Company News (press release) (blog)

AdvertisementHampshire Group filed with the U.S. Bankruptcy Court a notice of withdrawal of the Companys fifth motion for an exclusivity extension. The Companys First Amended Joint Chapter 11 Plan of Liquidation subsequently became effective, and the Company emerged from Chapter 11 protection. Advertisement The Court confirmed the Plan on Septemb… Read…