California Pizza Kitchen Successfully Completes Financial Restructuring Process Positioned for Profitable and Long-Term Growth – Business Wire

Restructuring

LOS ANGELES–(BUSINESS WIRE)–California Pizza Kitchen (CPK) today announced that it has successfully completed its financial restructuring process and emerged from Chapter 11, well positioned for long-term growth. As part of its financial restructuring, CPK completed a debt-for-equity transaction, and now has a substantially reduced debt load and increased liquidity, including exit financing that provides the…

Harwood Wealth puts network into voluntary administration – Money Marketing

Liquidation

Approximately 100 advisers will be forced to seek new network authorisation as Harwood Wealth Management puts its network services arm into voluntary administration. As of Monday 23 November, Wolverhampton-based Network Direct Limited has been forced into administration, causing potential disruption for advisers, staff and clients. Harwood Wealth acquired the network of financial advisers in 2016,…

Feronia Inc. Announces Closing of Restructuring Transaction TSX Venture Exchange:FRN – GlobeNewswire

Bankruptcy

November 23, 2020 08:00 ET | Source: Feronia Inc. VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Feronia Inc. (Feronia or the Company) (TSX-V: FRN) announces that it has closed its previously announced third party sale and restructuring transaction. As previously reported, the Company initiated debtor in possession insolvency proceedings under the Bankruptcy and…

Motherson Sumi nears 52-week high after it unveils 5-yr restructuring plan – Business Standard

Restructuring

Motherson Sumi Systems said that it is targeting $36 billion in group revenues by FY25E, including 25 per cent contribution from non-automotive space TopicsMotherson Sumi Systems|Buzzing stocks|Markets SI Reporter | Mumbai Last Updated at November 23, 2020 13:39 IST Shares of Motherson Sumi Systems (MSSL) advanced 5 per cent to Rs 146.30 on the BSE…

The week in review: China extends $2.1bn in debt relief to developing countries, top regulators vow ‘zero tolerance’ on misconduct after defaults – GlobalCapital

Debt Help

In this round-up, Beijing says it has suspended $2.1bn in debt payments from two dozen nations under the G20 framework, and the top Chinese financial regulators send strong signals to the onshore market in the wake of a string of domestic bond defaults. China has extended $2.1bn of debt relief to developing nations, part of…

Distribution firm’s collapse uncovers director’s previous ban – Mirage News

Liquidation

Daniel Ross Patchett (32) received a 10-year ban for managing a company when bankrupt, while his wife, Yasmin Patchett (30) has been disqualified for 6 years. Husband and wife, from Kingthorpe, Lincolnshire, are banned from acting as directors or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or…