July 2, 2019 - Page 2 of 3 - Insolvency Guardian

Monitronics International Files Voluntary Chapter 11 to Restructure and Strengthen Balance Sheet – GlobeNewswire

RestructuringBy Insolvency Guardian July 2, 2019

Committed to Operating Its Business as Usual, Including Providing Powerful Home Security to Customers Without Interruption Secures Commitment of $245 Million in Debtor-in-Possession Financing to Support Business Operations ENGLEWOOD, Colo., July 01, 2019 (GLOBE NEWSWIRE) — Monitronics International, Inc. (Monitronics or the Company), the wholly owned subsidiary of Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA),…

German lighting manufacturer Hensel goes into provisional insolvency – DIYphotography

BankruptcyBy Insolvency Guardian July 2, 2019

We appear to have another casualty in the increasingly competitive strobe market. According to ProfiFoto, TheDistrict Court of Wrzburg has ordered the provisional insolvency administration of the assets of German lighting manufacturer Hensel-Visit GmbH & Co. KG (Hensel). This isnt bankruptcy or the end of the business, yet, although the company does have a significant…

Does Calling in an Insolvency Practitioner Mean the End For Your Business? – The London Economic

BankruptcyBy Insolvency Guardian July 2, 2019

Anyone who has ever set up their own business knows that, despite the cliche its not personal, its just business, when things start to go wrong and your business starts to struggle, it can feel very personal indeed. Whatever the reasons for the situation you and your business find yourselves in, its very unlikely that…

Troubled shoe chain Office could close some stores as part of restructuring, Sky reports – The Independent

RestructuringBy Insolvency Guardian July 2, 2019

Shoe retailer Office could close some of its roughly 100 stores as part of a restructuring programme, Sky News has reported. The firm has appointed consultancy Alvarez & Marsal, to draw up plans for a company voluntary arrangement or CVA, a procedure used by insolvent businesses, Sky said citing sources. … Read the full article…

Restaurant Co-Op Dining starts GoFundMe page to help pay staff after closing – NEWS.com.au

Debt HelpBy Insolvency Guardian July 2, 2019

The owners of an embattled up-market Perth restaurant are begging the public to help pay their overdue debts after they were forced to shut the business last week. Kiren and Kelli Mainwaring have owned Co-Op Dining, a trendy fine-dining restaurant in the citys east, since 2012. But since closing the restaurants doors, the couple have…

Debt Consolidation Process can help with Debt Crisis – The Market Oracle

Debt HelpBy Insolvency Guardian July 2, 2019

Personal_Finance / Debt & Loans Jul 02, 2019 – 09:18 AM GMT By: Sumeet_Manhas If you have lots of unsecured debts such as credit card loans or student loans, your efforts to repay those debts could chop off a huge chunk of your monthly budget. Thus, you need to choose a good debt relief option.…

International diamond retailer goes bankrupt – Jeweller Magazine

BankruptcyBy Insolvency Guardian July 2, 2019

Enchanted Diamonds, an international online diamond retailer headquartered in New York City, has unexpectedly declared bankruptcy leaving customers in the lurch. The business which was registered as Online Diamonds International Corporation and formerly operated a showroom in Times Square filed for Chapter 7 bankruptcy in a New York court on 20 June. In the…

Blank screens at Deutsche in New York – The Australian Financial Review

RestructuringBy Insolvency Guardian July 2, 2019

In recent years, the business has been a source of regulatory and political headaches while losing ground and talent to rivals. Deutsche Bank now plans to tell hundreds of US equities and rates traders that they will no longer be employed there, people familiar with the matter told Bloomberg. Chief Executive Officer Christian Sewing may…

Hecs debt repayment changes: why more people will be forced to pay off student loans – The Guardian

Debt HelpBy Insolvency Guardian July 2, 2019

On Monday, the Hecs (Higher Education Contribution Scheme) repayment threshold fell to the lowest it has ever been. From now on, anybody earning over $45,881 a year will have to start repaying their student loans effective immediately. Two years ago, the repayment threshold was $56,000, but Australias Coalition government lowered that to $52,000 last year…

Johnston Carmichael appoints new restructuring director – Accountancy Today

BankruptcyBy Insolvency Guardian July 2, 2019

Johnston Carmichael, an independent accountancy and business advisory firm, has strengthened its leadership team with the appointment of a restructuring director. Jenn Stewart, brings 16 years of experience to her new role which forms part of Johnston Carmichaels strategic expansion of its restructuring team across the country. Having been based in Dundee for the last…

Daily Archives: July 2, 2019