DALLAS, Texas, April 01, 2019 (GLOBE NEWSWIRE) — Southcross Energy Partners, L.P. (OTCQX: SXEE) (Southcross or the Company) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Southcross expects to continue…
Global Debt Settlement Market Size, Status And Forecast 2019-2025 The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability.…
STAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast. In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the…
Lee Averies (49), from Wanborough, Wiltshire, has been banned for six years after he signed a disqualification undertaking in connection with his misconduct while director of Averies Recycling (Swindon) Ltd and Swindon Skips Ltd. Each company ran waste treatment and transfer sites in Swindon, Wiltshire. In his undertaking, Lee Averies did not dispute that he…
CG Power and Industrial Solutions Ltd. restructured its business multiple times in the last six years, selling several of its assets including the crown jewel consumer appliances unit. But it continues to struggle with high debt. Yet, the maker of power transformers is now doing more of the same. The company, which contributes 65 percent…
30-second summary This week a man in Pakistan was arrested after losing his wife while gambling Court approves halving a mortgage debt after husband got addicted to gambling Woman with an addiction to video lottery terminals leaves her divorced and bankrupt In todays society gambling is big business; the rewards can be high, but the…
The Walt Disney Company, whose acquisition of 21st Century Fox assets was finalized last month, is to keep several prominent Fox staff members in leading roles across Asia. However, at least one senior Fox executive in Asia is departing amid the restructuring. The decision to keep on multiple Fox executives appears to follow the logic…
Hexion Inc. (Hexion or the Company) today announced that it has entered into a Restructuring Support Agreement (RSA) with the vast majority of holders of each of the Companys notes issuances, representing consensus across its capital structure, on the terms of a consensual financial de-leveraging plan (the Plan) that will strengthen the Companys financial position…
In Berlin was opened the bankruptcy proceedings for the airline Germania. A spokesman for the insolvency administrator Rdiger wienberg, the capture first, all claims of creditors, and then individually on their legality and enforceability wants to check confirmed. It seeks to exploit the assets and distribute to creditors, it said. As the administrator said, can…
The Star Gold Coast is chasing a $43 million debt from a Singapore-based high roller who flew out of the country and cancelled a blank cheque casino bosses were holding as collateral. Key points: Wong Yew Choy lost the equivalent of $8.6m each day during his stay The Star has launched legal action…