Payday loans a growing part of personal insolvencies in Ontario – The Globe and Mail

Payday loans were a growing factor in personal insolvencies in Ontario for the sixth consecutive year in 2017, despite recent provincial regulatory changes to curb borrowing rates and improve disclosures by lenders. A review of 3,500 insolvency cases by insolvency trustee firm Hoyes Michalos found 31 per cent of people who made insolvency filings in…

Wife not permitted to advance equalization of property claim after having declared bankruptcy – Law Times

Family law issues Wife not permitted to advance equalization of property claim after having declared bankruptcy Parties entered into minutes of settlement that provided husband would assume ownership of matrimonial home as well as related debts and expenses, and pay wife $40,000 in exchange for release of her property division and spousal support claims. Following…

Remington Outdoor Company Announces Restructuring Support Agreement with Creditors for a Comprehensive … – PR Newswire (press release)

The RSA, subject to certain conditions, represents the commitment of the Company and Consenting Creditors to support a comprehensive restructuring of Remington’s existing funded indebtedness. The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection…

German grain trading house Mackprang says applies for insolvency – Reuters

HAMBURG, Feb 12 (Reuters) – German grain trading house Mackprang has applied for insolvency proceedings, its chief executive said on Monday. Work will continue while a provisional administrator holds talks with creditors, said chief executive Jens Kass. The company and its shareholders had been unable to reach agreement on financing with banks, he said. The…

German grain trading house Mackprang says applies for insolvency – Reuters Africa

HAMBURG, Feb 12 (Reuters) – German grain trading house Mackprang has applied for insolvency proceedings, its chief executive said on Monday. Work will continue while a provisional administrator holds talks with creditors, said chief executive Jens Kass. The company and its shareholders had been unable to reach agreement on financing with banks, he said. The…

Remington Outdoor Company Announces Restructuring Support Agreement with Creditors for a Comprehensive … – Markets Insider

MADISON, N.C., Feb. 12, 2018 /PRNewswire/ — Remington Outdoor Company (“Remington” or “the Company”) today announced that it has reached a Restructuring Support Agreement (“RSA”) with creditors holding a majority of the FGI Operating Company, LLC (“FGI OpCo”) Term Loans due in 2019 and 7.875% Senior Secured Notes due in 2020 (the “Third Lien Notes”) (collectively,…