Verizon Communications Inc.s core wireless business continues to add customers in the crowded U.S. market, but the companys quarterly profit was hit by charges related to a restructuring in its struggling media business. The carrier previously said it added a net 653,000 new postpaid phone connections during the final quarter of 2018. That pool of…
Despite the Australian bankruptcy rate hitting a 23-year low, individuals and businesses must still be thorough and ensure that they know who they are doing business with. The legal technology provider and Australian Financial Security Authority (AFSA) broker was reacting to data released by AFSA, which revealed that bankruptcies declined 6% on the year to…
Business News of Tuesday, 29 January 2019 Source: Graphic.com.gh Mr Felix Addo is mandated to oversee the streamlining of the operations of National Investment Bank A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender. The Bank…
Abhaile provides vouchers for free financial and legal advice available through the Money Advice and Budgeting Service (MABS). A total of 11,695 individual borrowers, or over 10,000 households, in mortgage arrears have received independent expert Abhaile financial advice and negotiation support. Court mentor And a court mentor has helped 7,100 borrowers facing repossession proceedings, under…
Bankruptcy used to be steeped in a negative stigma, making it difficult for people to formally declare themselves as being in a poor financial situation and having no way out of it. In order to declare yourself as bankrupt, you need to formally apply which will actually cost you money. However, this can be…
by Joe Panettieri Jan 29, 2019 SAP CEO Bill McDermott SAP will take a restructuring charge of up to $1 billion amid slowing growth in the companys cloud services bookings, and some targeted challenges elsewhere in the business. The big question mark: Is this just a software company in transition, or is the restructuring charge…
This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 6th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on January 22, 2019 to discuss the…
In a rather uncommon development in IBC driven resolution process, the Mumbai bench of National Company Law Tribunal has directed the Police Commissioner, Ahmedabad to provide police assistance to a Resolution Professional who complained about ex-director of the corporate debtor abusing her and creating hindrance in the Corporate Insolvency Resolution Process. A bench of Member…
The number of insolvencies among impact companies remained constant over the past three years, with a slight decrease from 184 companies in 2017 to 183 in 2018. At the same time, however, the total value of fixed assets of insolvency firms reached EUR 809, the lowest threshold in the last five years and a 34.44…
29/01/2019 The number of people declared insolvent reached a seven-year high in 2018, according to figures. There were 115,299 personal insolvencies in England and Wales last year, a 16.2% rise on 2017 and the highest annual level since 2011, statistics from the Insolvency Service reveal. This was primarily driven by increases in individual voluntary arrangements…