December 13, 2018 - Insolvency Guardian

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Yangtze River Port & Logistics Limited – YRIV – PRNewswire

BankruptcyBy Insolvency Guardian December 13, 2018

NEW YORK, Dec. 13, 2018 /PRNewswire/ –Pomerantz LLP is investigating claims on behalf of investors of Yangtze River Port & Logistics Limited (“Yangtze” or the “Company”) (NASDAQ: YRIV) Investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980. The investigation concerns whether Yangtze and certain of its officers and/or directors have…

Court cases hinder Uchumi turnaround – The Standard

BankruptcyBy Insolvency Guardian December 13, 2018

Operations at Uchumi Supermarkets have ground to a halt as legal suits by creditors stall turnaround efforts. The disputes have weakened the retailers ability to cash in on the busy festive season, winding up another dismal year for Kenyas pioneer chain store. Following various litigation matters concerning the solvency of the company and the lease…

GE Surges on Analyst Upgrade, Restructuring of Digital Unit – Fortune

RestructuringBy Insolvency Guardian December 13, 2018

GE stock rose nearly 12% as a longtime bear raised rating on the stock, signaling that, as GE moved to revamp its digital business, the worst may be behind the troubled conglomerate. Since July 2016, GEs stock has lost 78% of its value, while the S&P 500 Index has risen 23%. Years of building up…

Opinion: Social Security Matters: Ask Rusty Writer disagrees about the Social Security Trust Fund – Farmersville Times

BankruptcyBy Insolvency Guardian December 13, 2018

Dear Rusty: Sometimes words used have different meaning to others, like your recent article on the Social Security Trust Fund. In a true trust fund, monies are only used for a specific purpose. Our so-called Social Security Trust Fund doesnt work like that. Instead, money collected goes directly into the US Treasury, mixed up…

Operational creditors should get a say, vote in insolvency process: SC – Business Standard

BankruptcyBy Insolvency Guardian December 13, 2018

Operational creditors of companies undergoing the corporate insolvency resolution process should have a say in the committee of creditors (CoC) and get voting rights proportional to the debt owed to them, the Supreme Court observed on Thursday. A two-judge Bench of Justice Rohinton Fali Nariman and Justice Navin Sinha asked…

Feldmuehle to focus on specialty papers following insolvency restructure – ConfectioneryNews.com

BankruptcyBy Insolvency Guardian December 13, 2018

The announcement was made in the midst of the companys restructure following its self-administered insolvency proceedings, owing to a high rise in energy costs and procurement prices for raw materials. Job losses According to Heiner Kayser, MD, Feldmuehle, by discontinuing the production of graphic papers its paper machine 2 will be shut down and there…

Glasgow mobile phone boss banned after submitting false documents – GOV.UK

BankruptcyBy Insolvency Guardian December 13, 2018

Fersun Limited was incorporated in March 2011 and this was the first company operated by Songnan Sun (32) having researched the market for two years. Initially the company specialised in repairs of mobile phones but as the business grew, the Glaswegian boss expanded the companys activities into the wholesaling of mobile phone accessories and parts,…

Abg Shipyard Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

LiquidationBy Insolvency Guardian December 13, 2018

Dear Sir / Madam, We would like to inform you that meeting of 19th Committee of Creditors of ABG Shipyard Limited is scheduled to be held on Monday, 17th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You…

RCom stares at insolvency as SC rejects plea for more time on Ericsson dues – Business Standard

BankruptcyBy Insolvency Guardian December 13, 2018

Anil Ambani-led Reliance Communications could be staring at insolvency as the Supreme Court on Thursday declined to grant it two weeks extra time to clear the Rs 5.5-billion dues of Ericsson. The deadline for the said repayment ends December 15. The refusal by the top court to grant more time…

How our finances changed thanks to The Debt Panel – The National

Debt HelpBy Insolvency Guardian December 13, 2018

Helping UAE residents resolve their debt issues has been the mission of The Debt Panel from its launch in April 2016. Since then our experts have offered financial advice to over 130 debtors to help those struggling with chronic liabilities find a way out of their financial mess. But what happens after the advice is…

Daily Archives: December 13, 2018