Calm before the storm as bankruptcy numbers fall during lockdown | The Independent Independent Premium Drop in insolvencies linked to government bailoutand reduced court sittings More economic turbulence expected as GDP plummets by over 20 per cent ( Getty Images ) … Read the full article at: https://www.independent.co.uk/independentpremium/coronavirus-bankrupt-lockdown-debt-insolvency-service-a9563991.html
The market dislocation wrought by the coronavirus pandemic has a poster child in Hertz Global Holdings Inc. A bankruptcy court late Friday approved Hertzs HTZ, +37.37% request to sell up to $1 billion in stock. The car-rental company appears to be seizing on a wave of intense, speculative interest in its shares since it declared…
June 12, 2020 13:38 ET | Source: Novelion Therapeutics, Inc. VANCOUVER, British Columbia, June 12, 2020 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions court appointed liquidator (the Liquidator) today provides an update on the Companys voluntary liquidation process (the Liquidation) that started on January 16,…
“It’s like a last-ditch attempt to get the last bit of money out of a gambler. I was just disgusted.” Dave, not his real name, has fought gambling addiction nearly his entire life and now has 50,000 of gambling debt spread over up to six credit cards. He’s talking about when he recently saw an…
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Bondholders in the troubled foreign exchange provider Travelex are pressing its syndicate of banks to enter talks about a restructuring after an emergency auction of the business stalled. Sky News has learnt that a group of debt investors which are being advised by the investment bank PJT Partners are pushing Travelex’s banks – which include…
Corporate reorganization or corporate restructuring, which are interchangeable terms, has become an increasingly relevant topic in Nigeria in the past year, owing to changes in government policies. (Some of the policies influencing corporate reorganizations include the upward review of the minimum share capital requirement of microfinance banks and insurance/reinsurance companies in Nigeria by the Central…
Bondi-based fashion retailer Tuchuzy has gone into voluntary administration. The store, which was founded in 1995 by Daria Sukic, is known for stocking international and Australian designers such as Anine Bing, Alexander Wang, Mara & Mine, Rag & Bone and Saint Laurent. Sukic cites the compounding issues of bushfires, a difficult retail environment and coronavirus…
news, local-news, Central West Local Land Services, farm business banking webinar, central west lls, Robinson Sewell Partners, Brad Sewell The Central West Local Land Services will be hosting a second webinar to help the next generation of farmers on debt management and banking on June 17. The webinar will cover how to present information to…
The Daniel Wellington flagship store on Auckland’s Queen Street which opened in June 2019 and the Newmarket store closed permanently on 28 May. Posted June 12, 2020 | By Arabella Roden Assistant Editor The New Zealand subsidiary of Daniel Wellington was liquidated on 28 May 2020 less than two years after it was incorporated due…