July 24, 2020 - Insolvency Guardian

APC Automotive Technologies Successfully Completes Restructuring – Business – Odessa – Odessa American

RestructuringBy Insolvency Guardian July 24, 2020

Updated 1 hour ago LITTTLETON, Colo.–(BUSINESS WIRE)–Jul 24, 2020– APC Automotive Technologies, LLC, together with certain of its subsidiaries, (APC or the Company), today announced that it has successfully implemented the debt restructuring set out in the Restructuring Support Agreement with its asset-based lenders, term loan lenders, and significant equity holders, following confirmation of the…

Three stages of business restructuring post-Covid – The Bay’s News First – SunLive

RestructuringBy Insolvency Guardian July 24, 2020

Witnessed through the lens of a technology company, Kiwi SMEs appear to be going through three distinct stages post the Covid-19 lockdown the ‘work from home’ stage, the ‘do more with less staff’ stage and the ‘re-invent service offerings’ stage but there are fears they may be trying to change too much, too quickly. Hamish…

California Resources Corporation Announces Additional Support for Restructuring Plan – Business Wire

RestructuringBy Insolvency Guardian July 24, 2020

SANTA CLARITA, Calif.–(BUSINESS WIRE)–California Resources Corporation (OTC: CRCQQ) announced today that it has entered into an amended and restated Restructuring Support Agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency debt claims. Reflecting this consensus, CRC has filed a plan of…

Technology Restructuring Reflects The Three Stages Of Business Post Covid-19 – Scoop.co.nz

RestructuringBy Insolvency Guardian July 24, 2020

Saturday, 25 July 2020, 6:22 amPress Release: OneHQ Witnessed through the lens of a technology company, Kiwi SMEs appear to be going through three distinct stages post the Covid-19 lockdown the ‘work from home’ stage, the ‘do more with less staff’ stage and the ‘re-invent service offerings’ stage but there are fears they may be…

Investors brace for consumer debt defaults if US relief stalls – Financial Times

Debt HelpBy Insolvency Guardian July 24, 2020

Analysts are warning of a surge in defaults in consumer debt in the US if Congress fails to extend the programme of increased unemployment benefits that was put in place to ease the effects of the coronavirus outbreak. Lawmakers are locked in negotiations over further stimulus to replace the pandemic unemployment assistance payments, worth $600…

European LED screen manufacturer insolvency – AV Magazine

BankruptcyBy Insolvency Guardian July 24, 2020

Andorra-based European LED screen and lighting manufacturer Llum Creativa, trading as ARCH LED, has been declared insolvent. An administrator, Lourdes Alonso Martnez, has been appointed by the court in Andorra and creditors have 30 days to make contact. The company was founded in 2003 by Belgian entrepreneur Sebastian Clement, and initially served the entertainment and…

Innocean ECD Steve Jackson exits in agency restructure – AdNews

RestructuringBy Insolvency Guardian July 24, 2020

Steve Jackson Innocean executive creative director Steve Jackson is departing the agency as part of a wider restructure. Jackson has been with the agency, which has clients such as Hyundai and Kia, since early 2017 and has also previously worked at DDB and Droga5 as creative director. He leaves Innocean due to a restructure as…

Robert Menzies blueprint can help Scott Morrison out of COVID-19 crisis – The Australian

Debt HelpBy Insolvency Guardian July 24, 2020

From Commentary July 24, 2020 July 24, 2020 5 minute read When the Menzies government took office in December 1949, Australias public debt stood at 120 per cent of GDP. By the time Robert Menzies retired, on Australia Day, 1966, that proportion had dropped below 50 per cent. With the Treasurer on Thursday announcing eye-watering…

Daily Archives: July 24, 2020