Neil Hume in London January 25, 2018 Crisis-hit commodity trader Noble Group is moving closer toward a debt restructuring deal with its lenders. The companys chairman Paul Brough told shareholders at a meeting in Singapore on Thursday that talks had been constructive and were moving forward. Im hopeful that we will reach a conclusion at…
SINGAPORE (Reuters) – Struggling commodities trader Noble Group Ltd is having constructive talks with creditors to restructure its debt and is hopeful of a deal in the near future, the companys chairman said. Various talks have been going for a couple of months. They have been constructive, Paul Brough, a restructuring specialist who was appointed…
By Australian Associated Press Published: 13:53 AEDT, 25 January 2018 | Updated: 13:53 AEDT, 25 January 2018 e-mail Discount supermarket chain NQR Grocery Clearance Stores has gone into voluntary administration but its 18 Victorian outlets will stay open. Administrators from restructuring and insolvency firm Cor Cordis were appointed on Thursday and said stores would continue…
THE company once overseeing brands including the New York Slice pizza chain and Mexican fast-food outlets has plunged into administration, amid a festering lawsuit and complaints about the Brisbane-based franchise operation. Administrators from GM Insolvency were appointed on Wednesday to Franchise Retail Brands, which owes more than $500,000. Shareholders who invested almost $5.3 million could…
The number of people whose finances deteriorated so badly that they have become insolvent is predicted to have increased year-on-year in official figures released on Friday. Audit, tax and consulting firm RSM expects that across England and Wales, around 24,500 people will have entered a personal insolvency process in the fourth quarter of 2017. This…
OSLO, Jan 25 (Reuters) – Drilling rig company Seadrill has again postponed an initial hearing on its restructuring plan, this time by six days to Feb. 7, the company said in a U.S. court filing on Wednesday. Once the largest drilling rig operator by market value, Seadrill filed for bankruptcy protection in Texas on Sept.…
The ringleader in the kidnapping and bashing of a Sydney man over a $1200 drug debt has been jailed for at least five years and seven months. In sentencing Pranil Ravi Kishinchand, Judge Sharron Norton said the victim was detained for almost 24 hours, repeatedly punched in the face and a photo of him with…
The number of people whose finances deteriorated so badly that they have become insolvent is predicted to have increased year-on-year in official figures released on Friday. Audit, tax and consulting firm RSM expects that across England and Wales, around 24,500 people will have entered a personal insolvency process in the fourth quarter of 2017. This would…