HIGHLIGHTS: Board of Directors unanimously supports the debt restructuring of its Finland-based subsidiary Kuu Hubb Oy, which represents over 7.7 million of aggregate indebtedness Kuuhubb Inc.s operations will continue without interruption; the process is not expected to have any impact on customers, vendors or employees The Debt Restructuring proceedings will be under the jurisdiction of…
By Tom EspinerBusiness reporter, BBC News Jordan has been chased by debt collection agencies after falling behind on payments for clothes. The 23-year-old bought a winter coat using Buy Now Pay Later when employed, but then lost his job. According to Citizens Advice, one on ten shoppers who use this type of credit end up…
– Company anticipates completing previously announced infrastructure division sale to I Squared Capital in the coming weeks – Prepackaged chapter 11 cases for entities based in the United States (U.S.) contemplated after the sale of infrastructure division is closed – The combination of the infrastructure division sale and the transactions contemplated by the RSA will…
The insolvency law has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the situation that prevailed prior to its implementation TopicsInsolvency and Bankruptcy Code|IBC|Stressed assets The insolvency law, which has undergone various phases of evolution, has provided a framework for resolution of stressed assets, and…
Enlarge / Friends and family members of people who have died during the opioid epidemic protest against a bankruptcy deal with Purdue Pharmaceuticals that allows the Sackler family to avoid criminal prosecution and to keep billions of dollars in private wealth, on August 9, 2021, outside the Federal courthouse in White Plains, New York. Getty…
Bankruptcy: The bankruptcy of Funafli, headquartered in Voss. stock photos Helicopter company Funafli has declared bankruptcy after the increasingly difficult situation during the Corona crisis worsened. Marietta Sao Hamri [emailprotected] Posted: 02.09.2021 14:17 Latest update:14:22 The daily camper and its owner, Sverre Underbakke, told Fonnafly E24 that the company had been hit hard by the…
MCLEAN, Va.–(BUSINESS WIRE)–GTT Communications, Inc. (OTC: GTTN), GTT or the Company, a leading global cloud networking provider to multinational clients, announced today that it has entered into a Restructuring Support Agreement (RSA or the agreement) with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement…
Haiti, one of the worlds poorest countries, is also vulnerable to the harsh realities of the climate crisis. Only a few days after the earthquake, the country experienced heavy rain as tropical Storm Grace approached, causing flooding and significant challenges for the humanitarian response. Haiti is also still recovering from an earthquake that struck in…
Out of 3.4 million farmers working in the United States, fewer than 50,000 are Black, according to the most recent Census of Agriculture taken in 2017. That disproportionately small number is due in large part to historic racial discrimination in federal farm programsand now efforts to address that history are themselves being attacked as discriminatory.…
Difficulties for Videocon Industries promoter Venugopal Dhoot is increasing as the National Company Law Tribunal (NCLT) Mumbai has now approved the request of State Bank of India (SBI) for personal insolvency case against Dhoot. As per the information Dhoot had given personal guarantee to SBI for a loan of Rs 6157. Speaking on the matter…