Fashion to Figure Receives Court Approval to Begin “TOTAL LIQUIDATION SALE” – Markets Insider

NEW YORK, Nov. 22, 2017 /PRNewswire/ — It was announced today that New York based Fashion to Figure will close its remaining 19 stores across 6 states following a total liquidation of the Company’s inventory.  On Wednesday, a U.S. Bankruptcy Court judge in New Jersey approved an order authorizing a joint venture of SB Capital Group, LLC,…

Ericsson (ERIC) on Restructuring Track, Weak RAN Markets Mar – Nasdaq

The network infrastructure and 4G deployment field has been buzzing with a flurry of recent activity and Ericsson ERIC has undoubtedly been quite in the thick of things. However, the company continues to grapple with low investments in mobile broadband and all-pervasive weak demand. The beleaguered infrastructure giant’s repeated earnings misses, eroding profitability and its…

Insolvency code being changed to stop wilful defaulters from bidding for stressed assets – The Indian Express

Written by Sunny Verma | Updated: November 22, 2017 9:06 pm Arun Jaitley Related News The Union Cabinet approved the promulgation of an ordinance Wednesday to amend the Insolvency and Bankruptcy Code (IBC) to streamline the stressed-assets resolution process and effectively bar wilful defaulters from bidding for companies being put up for sale under the…

Comment – Telegraph.co.uk

Its rare that a Budget comes along with cheering news on the travel front. After all, though the travel industry may argue that they are a vital and vibrant part of the economy, chancellors dont tend to have much sympathy for holidaymakers. The Treasury certainly doesnt like us to take all that sterling out of…

Fianna Fáil introduce legislation that will allow borrowers to appeal a bank’s veto – Irish Examiner

Michael McGrath, Fianna Fáil’s finance spokesperson, has introduced legislation that will give borrowers the right to appeal a banks veto over a Personal Insolvency Arrangement. Fianna Fáils Personal Insolvency (Amendment) Bill 2017 has been drafted in response to a September decision from the Circuit Court that decided that the borrower has no such legal authority.…