Published 23/03/2016 BHS wants to ease the pressure on the business by asking landlords to slash the rents by 50% or 75% on 47 stores Embattled retailer BHS has been pulled back from the brink after creditors approved controversial plans to turn the business around. The department store chain was thrown a lifeline when creditors…
Social Security as it presently exists is on an unsustainable path The program is on track to burn through its remaining cash reserves by 2035. The retirement of baby boomers is pushing the worker-to-beneficiary ratio ever lower. Meanwhile, retirees themselves are living longer than ever before. In spite of this looming instability, U.S. non-retirees are…
Published 23/03/2016 BHS wants to ease the pressure on the business by asking landlords to slash the rents by 50% or 75% on 47 stores Embattled retailer BHS has been pulled back from the brink after creditors approved controversial plans to turn the business around. The department store chain was thrown a lifeline when creditors…
— Westpac has renewed a A$250 million non-recourse senior loan facility with debt solutions company FSA Group until October 2017. An institutional fund manager chipped in a $20 million mezzanine finance line . The mezzanine finance has also been renewed. FSA is in the business of assisting debtors enter into payment arrangements with their creditors,…
Steilmann SE * in course of its current business developments Steilmann se is illiquid * adhoc: steilmann se: insolvency * management board will now immediately file for insolvency Further company coverage: (Frankfurt Newsroom) Read the full article at: http://www.reuters.com/article/idUSASM0002R6
15:46 23/03/2016 MOSCOW, March 23 (RAPSI) – Legislators from the Kamchatka Region have submitted a bill to the State Duma, that would prohibit individuals who have been declared bankrupt from holding judicial positions, taking service at law enforcement agencies or prosecutor offices, according to the database of Russias lower house of parliament. The amendments are…
15:46 23/03/2016 MOSCOW, March 23 (RAPSI) – Legislators from the Kamchatka Region have submitted a bill to the State Duma, that would prohibit individuals who have been declared bankrupt from holding judicial positions, taking service at law enforcement agencies or prosecutor offices, according to the database of Russias lower house of parliament. The amendments are…
Jailed: Keith Cameron was sentenced to five years in prison. Deadline A businessman who defrauded a terminally ill friend out of nearly half a million pounds has been handed a bankruptcy restriction order. Scottish insolvency service, Accountant in Bankruptcy (AiB), obtained the 13-year order for Keith Cameron due to his “fraudulent breach of trust”. The…
By Press Association Published: 01:46 EST, 24 March 2016 | Updated: 01:46 EST, 24 March 2016 Embattled retailer BHS has been thrown a lifeline after creditors backed controversial plans to turn around the business. The department store chain said creditors voted in favour of its company voluntary arrangement (CVA) for BHS Limited, which aims to…
Debra Duardo, a former high school dropout, will become the top education official for Los Angeles County, heading an agency that provides schooling for teenage inmates as well as for thousands of disabled studentsprograms that have been criticized in recent years. Duardo, 53, was the consensus pick of the countys five-member Board of Supervisors after…