Bankrupt Cenveo gets court OK for financing – The Advocate
… Read the full article at: https://www.stamfordadvocate.com/business/article/Bankrupt-Cenveo-gets-court-OK-for-financing-12735434.php
Liberty House Highest Bidder For Amtek Auto – BloombergQuint
Liberty House, part of Sanjeev Guptas global industrial group GFG Alliance, said it has emerged as the successful highest bidder for Amtek Auto Pvt Ltd., paving the way for the formers entry into the Indian market. Liberty House…is set to make a dramatic entry into India after being chosen as preferred H1 bidder for Amtek…
Modi’s reforms will help India avoid risk of debt crisis – Global Times
Illustration: Luo Xuan/GT India’s banking system has restructured more than 6 trillion rupees ($92.34 billion) in bad debts over the past three years. The recent $2 billion Punjab (PNB)-Nirav Modi fraud has made it worse. Though statistical methods vary, even the lowest estimate of the bad debt ratio exceeds 10 percent. But it is unlikely…
Education Dept.’s mishandling of student debt relief claims creating headaches for applicants – Washington Post
Betsy DeVoss Education Department has mistakenly kicked student loan borrowers out of forbearance. (Ted S. Warren/AP) Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application to have his federal student loans cancelled in 2015. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as…
Tata Steel chosen as winning bidder for bankrupt rival – Financial Times
Simon Mundy March 7, 2018 Tata Steel said it had been selected as the winning bidder for troubled rival Bhushan Steel, in one of the largest cases to be dealt with under Indias new insolvency system. Bhushan, a mid-sized Indian steelmaker with annual revenue of around $2bn, was put into bankruptcy proceedings last year after…
So-Called ‘Debt Relief’ Turns Into Debt Disasters for Many – Digital Journal
This press release was orginally distributed by ReleaseWire Buffalo, NY — (ReleaseWire) — 03/07/2018 — Question: What industry receives the top number of consumer complaints at the Federal Trade Commission (FTC) every year? Answer: Debt relief. Each year the FTC goes to bat for debtors by taking companies in the debt relief industry to court.…
Bulgarian Parliament overturns presidential veto on amendments to bank insolvency law – The Sofia Globe
Bulgarian MPs voted on March 7 to overturn President Roumen Radevs veto on the bill of amendments to the Bank Insolvency Act. The motion carried with 129 MPs in favour, 40 opposed and no abstentions. The two parties in the government coalition, Prime Minister Boiko Borissovs GERB and the United Patriots group of nationalist parties, were…
Coronation Street actor Michael Le Vell has been declared bankrupt – Birmingham Live
Coronation Street actor Michael Le Vell has been declared bankrupt. The soap star, 53, has played garage mechanic Kevin Webster for three-and-a-half decades. He was declared bankrupt on January 8 under his birth name, Michael Robert Turner, with the order updated last week to reflect his stage name. Le Vell first joined Coronation Street in…
Rolls-Royce shares climb after setting out restructuring plans – Financial Times
Cat Rutter Pooley in London March 7, 2018 Rolls-Royce said the cost of fixing problems with its Trent engines would increase to around £340m in 2018 and could cost as much as £240m the year after, as the British aerospace and engineering group confirmed it had brought in restructuring experts to help it simplify its…
Key benefits of good debt – iAfrica.com
Wed, 07 Mar 2018 11:52 AM Credit: Supplied. Despite the negative connotations often associated with debt being bad for consumers, when used responsibly, debt can add significant value by helping consumers manage their financial affairs and progress in life. Lynette Kloppers, FNB Premier CEO, says the ongoing debate around what makes good or bad debt…