February 13, 2018 - Insolvency Guardian

Aurionpro eying accelerated growth on sustained positive business momentum and reports revenue of Rs. 166.05 Cr in … – GlobeNewswire (press release)

RestructuringBy Insolvency Guardian February 13, 2018

MUMBAI, INDIA, Feb. 13, 2018 (GLOBE NEWSWIRE) — Aurionpro Solutions Ltd (NSE:AURIONPRO) (BSE:532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the third quarter and nine months ended December 31, 2017. Q3 FY17-18 Financial Highlights Key highlights for the Q3 of FY17-18 are: Total…

Debt relief company returns money to FTC, refund checks in the mail – KOMO News

Debt HelpBy Insolvency Guardian February 13, 2018

The Federal Trade Commission is mailing refund checks to thousands of people who paid up front for debt relief. Regulators say a company called United Debt Counselors, LLC sent direct mail ads to as many as 100,000 consumers per week, and thousands responded. The FTC says the mail looked like official documents from a bank…

Existential crisis: Even Solly Lew will struggle to save Myer – Brisbane Times

LiquidationBy Insolvency Guardian February 13, 2018

But they should be looking whether this makes financial sense. The New Myer strategy is in tatters, and the company is rudderless. Its chief executive Richard Umbers has left the building, following closely on the heels of finance chief Grant Davenport, and the recently installed chairman Garry Hounsell has torched his credentials by having backed…

Supreme Court case pits provincial environmental rules against federal insolvency laws – The Globe and Mail

BankruptcyBy Insolvency Guardian February 13, 2018

Pump jacks are ubiquitous in Alberta and have become just as emblematic of the oil and natural gas-focused province as the fields of wheat or canola they sit in. But this week, the Supreme Court will tackle a case at the heart of the question of who pays to clean up wells that are no…

Investigate mistreatment of small firms, Central Bank told – The Times

RestructuringBy Insolvency Guardian February 13, 2018

Ulster Bank drawn into scandal of RBS restructuring unit Peter ODwyer, Senior Ireland Business Reporter Of more than 2,000 Irish customers transferred to the RBS Group restructuring unit only about 100 survivedAIDAN CRAWLEY/GETTY The Central Bank is facing new calls to investigate Ulster Banks controversial business restructuring unit after a leaked report criticised its parent…

Alleged Canterbury wine fraud company in liquidation – The Press

LiquidationBy Insolvency Guardian February 13, 2018

DAVID WALKER/STUFF Southern Boundary Wines director Rebecca Cope. A North Canterbury wine company facing charges alleging fraud concerning wine production, has been placed in liquidation. The Waipara-based company, Southern Boundary Wines Ltd, and its directors have filed not guilty pleas to all charges and elected trial by jury in a case that will be considered…

Hundreds of Gympie parents add to $1.5b child support debt – Gympie Times

Debt HelpBy Insolvency Guardian February 13, 2018

WITH more than 600 Gympie parents struggling to meet their financial obligations for their kids, experts are pressuring the Turnbull Government to overhaul the much-maligned child support system. Exclusive data obtained by NewsRegional shows 2281 Gympie residents should be paying child support but 28 per cent – 628 – are behind in their payments. Most…

GM to shut one South Korea plant, decide on fate of others within weeks – The Globe and Mail

RestructuringBy Insolvency Guardian February 13, 2018

General Motors Co said it will close one of its four plants in South Korea and incur an $850-million (£630.9 million) impairment charge as part of a restructuring of its money-losing business in Asia’s fourth-biggest economy. The U.S. auto maker said it would decide the future of its remaining South Korean operations within weeks, and…

Debt.com Survey: Your Valentine Isn’t Keen on Adding to Your Debt – PR Newswire (press release)

Debt HelpBy Insolvency Guardian February 13, 2018

FORT LAUDERDALE, Fla., Feb. 13, 2018 /PRNewswire/ — Despite reports of near record-high spending for Valentine’s Day, a new Debt.com survey finds most people are not interested in their partner going into debt to get the perfect gift. In fact, almost half of survey respondents said they don’t expect their partner to spend anything at…

Kyiv cuts off deal to build Wi-Fi network in metro – Kyiv Post

BankruptcyBy Insolvency Guardian February 13, 2018

Published Feb. 13 at 5:08 pm A man checks his phone as he waits for the train at Zoloti Vorota metro station in Kyiv on May 3. Photo by Kostyantyn Chernichkin Popular on social media Kyiv City State Administration on Feb. 13 terminated a deal with Mosquito Mobile to set up a Wi-Fi network in…

Daily Archives: February 13, 2018