August 05, 2020 16:35 ET | Source: Young, Marr & Associates Law Firm PHILADELPHIA, Aug. 05, 2020 (GLOBE NEWSWIRE) — Money is fragile, and when we are in possession of something fragile, we become worried. The finances are safe when nothing surprising happens, but when a sudden outbreak pandemic like corona knocks at the door,…
By Roslan Khasawneh SINGAPORE (Reuters) – GP Global, an oil trader based in the United Arab Emirates (UAE) enmeshed in an employee fraud investigation, has appointed restructuring experts as part of its “ongoing restructuring exercise”, the company said in a statement on Wednesday. GP Global said it hired FTI Consulting’s Rod Sutton as its chief…
It is an unfortunate reality that as the economic repercussions of the COVID-19 pandemic continue to be felt, companies even those that were performing quite strongly at the start of 2020 will face significant headwinds, if they havent already. Many may need to consider some sort of restructuring of their balance sheet and debt obligations…
His decision to jump ship to Duff & Phelps comes only months after the North American firm backed Ayres, Lord and Co to set up and run an Australian restructuring business based initially in Sydney. While Duff & Phelps has already landed a few restructuring mandates including advising Velocity Frequent Flyer’s bank syndicate during Virgin…
Forensic police arrive to collect evidence at the alleged gambling den in Yannawa district, Bangkok, on Tuesday. (Photo: Wichan Charoenkiatpakul) The Metropolitan Police Bureau has yet to verify if the place where a police officer was shot dead on Monday night was an illegal casino, the bureau chief said. Pol Lt Gen Pakapong Pongpetra, commissioner…
Booking.com, the worlds dominant online travel agent, will restructure its business and shed 25% of staff by the end of this year due to the impact of COVID-19. Up 4500 staff could lose their jobs, though final numbers are still being worked through, according to a US Securities and Exchange Commission filing by parent company…
Virgin Atlantic has filed for bankruptcy in the United States as it claims it will run out of cash next month without a rescue deal. The cash-strapped airline filed for Chapter 15 bankruptcy protection in New York, a move that allows a foreign company with US assets to protect itself from creditors as it works…
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If youre in a deep financial hole, is it worth considering bankruptcy and what happens if you do? We get some expert insight. By Mark van Dijk It can happen to anyone even famous folks like Mike Tyson, 50 Cent and Donald Trump (six times!) but what exactly does it mean? And what happens when…
With millions of Americans out of work and much of the economy still shut down, more and more people are falling further into debt. First, dont panic. says Leslie Tayne, a debt settlement attorney based in New York. Debt goes up and down in your life, and sometimes you take it on when you dont…