Thomas Wells | Buy at photos.djournal.comHancock Fabrics has started closing its remaining 185 stores. Great American Group bought the rest of the Hancock stores at a bankruptcy auction Tuesday. The company expects the going-out-of-business sales to last several weeks. By Dennis Seid Daily Journal BALDWYN Even though Doyce Deas no longer has any financial stake…
Thomas Wells | Buy at photos.djournal.comHancock Fabrics has started closing its remaining 185 stores. Great American Group bought the rest of the Hancock stores at a bankruptcy auction Tuesday. The company expects the going-out-of-business sales to last several weeks. By Dennis Seid Daily Journal BALDWYN Even though Doyce Deas no longer has any financial stake…
U.S. Sen. Bob Menendez is cosponsoring legislation that would help protect individuals and families from financial devastation due to medical debt. According to the Consumer Financial Protection Bureau, 43 million Americans credit reports are negatively impacted by debt from medical expenses. Nearly 15 million consumers have medical debt with no other collection items on their…
Demand for examinership as a corporate recovery mechanism appears to be falling, according to the latest index from the insolvency experts Hughes Blake. In the first three months of the year, 138 jobs were saved through the examinership process, a fall of nearly two thirds on the same quarter last year. The figures reflect increased…
TOKYO, JAPAN–(Marketwired – April 01, 2016) – Further enhancing the firm’s capabilities in Asia, Morgan Lewis today announced that Shinjiro Takagi — a leading international bankruptcy lawyer and former judge in Japan as well as a former Nomura Securities adviser-has joined the firm as of counsel in Tokyo. “We are very pleased to welcome Judge Takagi to…
Comments (0) The chief executive of a Lincolnshire renewables group has described the decision to put the installation arm of the business into liquidation as “incredibly tough”. 34 people have lost their jobs as a result of the move. Julian Patrick, CEO of Freewatt Group, says changing government policies led to the installation side of the…
Clint Webber, left, and John and Michael Chow, of Inno Capital, bought building firm Stonewood Homes earlier in March. Two Stonewood Homes franchises have gone into liquidation, just one week after the Chow brothers severed ties with the building firm’s founder. Stonewood Blenheim Region and Stonewood Homes New Plymouth, run by Brent Mettrick, went into liquidation on Wednesday. Bryan…
A london diamond broker targeting vulnerable investors and mis-selling them fancy coloured diamonds has been ordered into liquidation by the High Court. The company, which the High Court said was mis-selling investors fancy coloured diamonds at inflated prices, was ordered into liquidation following a petition presented by the Secretary of State for Business, Innovation and…
The Basel Committee on Banking Supervisions proposal that only mortgages backed by easily realisable collateral should benefit from low risk-weightings might encourage insolvency regime reform in the EU, says Fitch Ratings. Mortgage lending represented 22% of total non-defaulted exposures extended by a large sample of EU banks. Timelines for real-estate foreclosure and liquidation vary significantly…