A Boxborough man accused of holding a man against his will and assaulting him over a three-day period over a purported gambling debt was arraigned in Ayer District Court, the Middlesex district attorneys office announced Thursday. Corey Convey, 34, was ordered held, pending a dangerousness hearing on Nov. 23, at his arraignment Wednesday, prosecutors said…
ST. PETERSBURG, Fla.–(BUSINESS WIRE)–iQor (the Company), a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that the Company and each of its U.S. subsidiaries have emerged from Chapter 11 bankruptcy, signaling the completion of the financial restructuring process. The Companys Pre-Packaged Plan of Reorganization was confirmed by the United States Bankruptcy…
My desire is to pay the creditors in full. I believe we will ultimately win the case against INSW and when we do so, the creditors will be the first in line to be compensated. Once a powerhouse in the construction industry, Grocon has been struggling for some time with a number of legal stoushes…
FORT WORTH, Texas–(BUSINESS WIRE)–Nov 19, 2020– FTS International, Inc. (NYSE American: FTSI) (FTSI or the Company) today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11. Michael Doss, Chief Executive Officer, commented, Today is an important day for FTSI. We have quickly and efficiently completed our financial…
On 23 September 2020, the England and Wales High Court (“High Court”) rendered its judgment in Riverrock Securities Limited v International Bank of St Petersburg (Joint Stock Company) granting Riverrock Securities Limited (“RSL”) an interim anti-suit injunction in respect of bankruptcy proceedings in Russia brought against RSL by the receiver of the International Bank of…
The Supreme Court on Thursday held that “any creditor of a company in liquidation” can become a party to the winding up petition against the defaulting firm and seek transfer of the plea from a high court to a National Company Law Tribunal (NCLT), set up under the new law on insolvency and bankruptcy. A…
Nov 19, 2020 8:00 AM thyssenkrupp reaches agreement on the restructuring of the automotive plant construction business in Germany thyssenkrupp has reached an agreement with the employee representatives on the restructuring of the German sites of the System Engineering unit. The negotiating partners have concluded a framework agreement and a social plan for all seven…
WITH DEBTS looming and dollars scarce, Zambia has wrestled in recent months with a predicament. It knew that failing to pay bondholders would be damaging. But paying only them, having failed to pay others in full, could be worse. Other creditors would blow off my legs, the countrys finance minister said. So on November 13th…
A pharmacy embroiled in an ongoing PBS fraud case has unsuccessfully tried to pay its liquidators using funds confiscated by the Australian Federal Police Pharmacy Depot Hurstville has had a motion to allow debts incurred by its liquidators to be met out of funds restrained by the Australian Federal Police (AFP) rejected. The pharmacy and…
By Dearbail JordanBusiness reporter image copyrightGetty Images Royal Mail has said revenue from parcel deliveries has surpassed letters for the first time, fuelled by a surge in online shopping during the pandemic. The postal group said turnover from parcels now makes up 60% of its total revenue, which rose by nearly 10% in the first…