The Company has chosen Ditech Holding Corporation as the new name for its parent company, as it reflects the Company’s focus on its strong core business and its commitment to serving customers. The Company remains committed to enhancing the customer experience through the growth of its origination and servicing businesses and by focusing on new…
LAGOS, Feb 9 (Reuters) – A proposed $2.5 billion Eurobond to refinance some of Nigerias treasury bill portfolio will not increase its overall debt stock but will help lower cost, the Debt Management Office (DMO) said on Friday. Proceeds from the bond sale would be converted to naira and used to redeem a more expensive…
STAFF at embattled Perth building company Cooper & Oxley have been told their employer has a 50-50 chance of surviving after the company was yesterday placed in administration. As the move was being announced, dozens of the companys employees gathered at its Jolimont headquarters to be briefed by representatives from insolvency firm Hall Chadwick, which…
Five former directors of a food firm have been disqualified following the managing director’s purchase of gold bullion “for his sole benefit”. The family members were banned from being company directors for a total of 16 years after an Insolvency Service investigation into Bradford-based Greentabs Ltd, previously known as Mumtaz Food Industries. The Insolvency Service…
Tax reform has passed and economic growth finally appears to be picking up. Companies have responded to tax reform by increasing investments, bonuses, and wages, and tax cuts will start showing up in paychecks in the coming weeks. These are all positive steps that will help millions of families. But one more step needs to…
Publicis Groupe global CEO Arthur Sadoun sounded an optimistic note in his first full year results as top boss, but signalled he believes the industry is in for another wave of the so called mediapalooza. Over the past two years, since concerns over transparency reached fever pitch, many of the world’s largest advertisers called reviews…
FORT WASHINGTON, Pa., Feb. 9, 2018 /PRNewswire/ — Walter Investment Management Corp. (NYSE: WAC.BC) today announced that it successfully completed its financial restructuring plan and emerged from Chapter 11 under the name Ditech Holding Corporation (“Ditech Holding” or the “Company”). Trading in Ditech Holding’s new common stock is expected to commence on February 12, 2018 under…
ZAGREB, February 9, 2018 – The association of minority shareholders in the ailing Agrokor food conglomerate on Friday presented a draft settlement plan for Agrokor d.d. which, among other things, recommends the restructuring of only those companies with negative capital, that is, the conglomerate’s core businesses, Agrokor d.d. and the Konzum supermarket chain. “We recommend…
Delhi bench of the National Company Law Tribunal has given its nod for corporate insolvency resolution process against Era Housing and Developers (India) Ltd. The insolvency process was initiated at the request of state run IFCI Ltd. which had stated that the firm has been a non-performing asset (NPA) on its books since 2013. The…
Five former directors of a food firm have been disqualified following the managing director’s purchase of gold bullion “for his sole benefit”. The family members were banned from being company directors for a total of 16 years after an Insolvency Service investigation into Bradford-based Greentabs Ltd, known as Mumtaz Food Industries. The Insolvency Service said…