When a business entity that is regulated by the Federal Energy Regulatory Commission (FERC) is closely related to another business entity, FERC takes the position that under some circumstances it may treat the two different legal entities as if they were one single entity. FERC ruled recently that it may disregard the corporate form in…
NEW YORK (Reuters) – A federal judge said New Yorks attorney general may pursue a lawsuit accusing Debt Resolve Inc and nine other defendants of involvement in a scheme to induce thousands of struggling student loan borrowers into paying for debt relief services they could have gotten for free. U.S. District Judge Alison Nathan in…
Curtis Solsvig, managing director at Goldin Associates and interim CEO at uBiome Courtesy of Goldin Associates The new interim CEO of troubled microbiome startup uBiome, Curtis Solsvig, is a longtime turnaround and restructuring expert at financial advisory firm Goldin Associates and the former chief restructuring officer of failed drone startup Lily Robotics. Earlier this week,…
By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counseling–which reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring services–can be an effective strategy for addressing consumer…
Venezuelas opposition plans to treat equally creditors ensnared in the countrys $150bn web of defaulted debt if President Nicols Maduro is removed after weeding out inflated, fraudulent, or corrupt claims. In a new policy paper, advisers to US-backed opposition leader Juan Guaid sketch out how his administration would go about restructuring Venezuelas huge and varied…
* Italian banks trying to offload unlikely to pay loans * Hedge fund DKCM in talks to take on some from Intesa * Deal could herald others, vital to restoring banks health By Valentina Za MILAN, July 3 (Reuters) – How do you value a bank loan on the brink of default in an economy…
Policy decisions in France are aimed at reducing or even eliminating the use of phytosanitary products in agriculture. The economic situation of companies in the EXEL Industries group that manufacture agricultural sprayers is coming under increasing pressure, particularly if they mainly sell to the French market. Our companies are currently having to consider some serious…
A local company, led by a group of familiar Iron Range names, has successfully secured a portion of the assets of ERP Iron Ore with the hope of reviving scram mining operations. Scram mining previously was conducted on the West Range by Magnetation, a company experiencing rapid growth from 2008 to 2015. The firm got…
Credit: CC0 Public Domain By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counselingwhich reaches millions of consumers a year and provides financial education, individualized financial counseling, and debt restructuring servicescan be an effective…
Jacqui Lambie (centre) sits with Centre Alliance Senator Rex Patrick (left) and Stirling Griff during the official opening of the 46th Federal Parliament yesterday. Picture: AAP. Independent senator Jacqui Lambie says she wants to see Tasmanias debt from the federal government relieved if she is to pass Scott Morrisons full tax cuts agenda. Senator Lambie,…