Tuesday 15 May 2018 Article by Ben Tosi Running your own cafe, florist, butcher or boutique fashion store can be stressful enough without having to worry about being paid on-time. So to take the stress out of small business, MYOB and BPAY have today announced a partnership that will speed up your payments. The collaboration…
Meanwhile, JAL, which has been asked by the Supreme Court to deposit Rs 2,000 crore for safeguarding the interest of home-buyers, has so far deposited only Rs 750 crore with the courts registry. Lakshadweep, a joint venture between Sudhir Valia-led Suraksha ARC and Dosti Realty, will look at improving its bid for Jaiprakash Infrastructure (JIL)…
Troubled Argentine downstream firm Oil Combustibles has been declared bankrupt, but will continue operations for 30 days while YPF, Trafigura and … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
WEST SENECA, N.Y. (WKBW) – They come in the mail all the time. Offers from debt relief and debt settlement companies promising to cut your monthly bills by reducing the amount you owe on loans and credit cards. They sound almost too good to be true – so are they? “We hear about people getting…
As previously announced, the Plan will decrease overall debt levels by approximately $600 million (including $522 million of debt exchanged for equity in the reorganized Company) and strengthen the Company’s balance sheet, allowing SEG to invest in the business to further support its financial health and long-term success. Anthony Hucker, President and Chief Executive Officer of SEG,…
Many celebrities go from being rich and famous to being involved in lawsuits or spending sprees that trigger bankruptcy. One president was broke after leaving the Oval Office, and he had a famous author (who also went broke) write his memoirs. MC Hammer, Meat Loaf, and 50 Cent all went from being top musicians with…
The insolvency professional, appointed by the National Company Law Tribunal (NCLT), has called for expression of interest for submission of resolution plans for Inasra Technologies Private Ltd, which runs the hotel and home stay aggregator business under the brand Stayzilla. The applicants should have a net worth of 50 crore or more as of March…
The troubled chain is widely expected to unveil a restructuring proposal known as a Company Voluntary Agreement (CVA) alongside its annual results on Thursday. But Mothercare will also tap investors for cash through an equity fundraise, and the business is so desperate for money that it must secure a bridging loan this week. In a…
Through a debt-for-equity exchange and injection of a $50 million investment, the companys two largest lenders – KKR and funds managed by Oaktree Capital Management, L.P. – will become owners of the company. Proserv emerges substantially debt-free and with a well-capitalised balance sheet, enabling it to provide strong, life-of-field support to its global customers. In…
Calcutta: The corporate insolvency resolution process of Assam Company continues to be dogged by controversies over the conditions set in the tender, with one more company seeking to bring down the eligibility criteria of the bidders. James Warren Tea Ltd argued before the company tribunal on Monday that the resolution professional (RP) running the insolvency…