Russell Vale Tallowoods buyers to have deposits refunded after development company goes into liquidation – Illawarra Mercury

Liquidation

news, latest-news, Buyers will have their deposits refundedafter learning a long-delayed Russell Vale housing subdivision has been sold off and the developer gone into liquidation. A 19-lot residential housing development, Tallowoods estate had been previously been stalled after the developer was forced to stop work and clean upasbestos contaminationon the site. Purchaserspaid a deposit to…

Elizabeth Warren pledges help during visit to Puerto Rico – Charlotte Observer

Debt Help

Democratic Sen. Elizabeth Warren promised to help rebuild Puerto Rico from Hurricane Maria and support laws to give the U.S. territory equal treatment and debt relief as she condemned President Donald Trump during a visit Tuesday to the island, which has become an obligatory stop for potential and presidential candidates. Warren demanded the resignation of…

Gastar Exploration Successfully Completes Financial Restructuring And Emergence From Bankruptcy – PRNewswire

Restructuring

HOUSTON, Jan. 22, 2019 /PRNewswire/ –Gastar Exploration Inc. (OTCQB: GSTC) (the “Company” or “Gastar“) announced today that the conditions to effectiveness of its Chapter 11 Plan of Reorganization (as modified) (the “Plan“), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on December 20, 2018, have been satisfied and…

Steinhoff Europe said to owe creditor $464.86 million – Inside Retail

Liquidation

Steinhoff International Holdings has detailed the application put forward by the company of former business partner Andreas Seifert to block the voluntary administration of its European business. According to the furniture conglomerate, the application alleges that Steinhoff Europe owed LSW GmbH a total of $464.86 million (291.4 million) as of 14 December 2018, and seeks…

Applicants for court-approved debt deals fall – Independent.ie

Bankruptcy

Stock image Applicants for court-approved debt deals fall Independent.ie There has been a fall in the number of people applying for court-approved debt deals. https://www.independent.ie/business/personal-finance/applicants-for-courtapproved-debt-deals-fall-37739886.html https://www.independent.ie/incoming/article36500289.ece/62727/AUTOCROP/h342/courts.jpg Email There has been a fall in the number of people applying for court-approved debt deals. Around 1,000 people got an approved insolvency deal to keep them in their…

iHeartMedia Announces Confirmation of Plan of Reorganization – Business Wire

Restructuring

SAN ANTONIO–(BUSINESS WIRE)–iHeartMedia, Inc. (PINK: IHRTQ) (iHeartMedia) today announced that the United States Bankruptcy Court for the Southern District of Texas (the Court) has confirmed the Companys Plan of Reorganization (the Plan). The Company expects to complete its restructuring process in the first half of 2019. iHeartMedia is Americas number one audio company, with unparalleled…

Gastar Exploration Successfully Completes Financial Restructuring And Emergence From Bankruptcy – Markets Insider

Restructuring

HOUSTON, Jan. 22, 2019 /PRNewswire/ –Gastar Exploration Inc. (OTCQB: GSTC) (the “Company” or “Gastar“) announced today that the conditions to effectiveness of its Chapter 11 Plan of Reorganization (as modified) (the “Plan“), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on December 20, 2018, have been satisfied and…

Regulators criticised over British Steel pension restructuring – Financial Times

Restructuring

Tens of thousands of steelworkers involved in the UKs largest corporate pension restructuring were given little time to make very complex decisions, which left some facing potential financial losses, according to the findings of an independent review. The most significant concerns related to those choosing to transfer their pension out of the British Steel Pension…