Ray Nkonyeni Municipality launches debt relief programme for cash-strapped ratepayers on KZN’s South Coast MSN
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‘You will be missed’: UK travel operator closes after falling into liquidation NationalWorld
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Ray Nkonyeni Municipality launches debt relief programme for cash-strapped ratepayers on KZN’s South Coast IOL
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
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Headington-based Blanchford Building Supplies closed down earlier this year after 87 years of trading after underperformance and a cash flow issue had rendered it unable to buy essential stock.
Administrators were called and revealed Blanchford, which also had sites in Bicester, Wallingford, Princes Risborough and Haddenham, had racked up debts of more than £3.3m to suppliers.
Forecasts in the summer suggested creditors would only receive 2.7p in the pound back from debts owed to them.
Blanchford’s yard in Headington (Image: NQ)
However, in their latest report, the administrators now believe this will be 5.8p in the pound – meaning those owed money will still lose out significantly.
Barclays Bank has received…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
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Casino board raises red flags over winners’ tax promises and borrowed money Crain’s New York Business
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Rolling stock withdrawal plans altered after Unimetal liquidation Rail Magazine
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Urban One has announced robust early results from its debt restructuring plan. 92% of bondholders, representing $450 million in debt, submitted their notes before the December 1 early tender deadline as the company advances a three-part refinancing strategy.
Urban One’s move, revealed last month, follows a series of similar debt exchanges across the radio industry as companies work to refinance under higher interest rates. iHeartMedia, Cumulus Media, and Beasley Media Group all executed comparable exchanges in 2024, each also securing participation rates above 90%.
The plan includes exchanging existing 7.375% Senior Secured Notes due 2028 for new 7.625% Second Lien Senior Secured…
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Image used for representation purpose only.
| Photo Credit: Getty Images/iStockphoto
The Insolvency and Bankruptcy Code (IBC) has so far played a significant role in enhancing India’s ease of doing business, but despite its successes, there are “persistent and systemic challenges” that undermine its optimal performance, the Parliamentary Standing Committee on Finance has said.
In its ‘Review of Working of Insolvency and Bankruptcy Code and Emerging Issues’ report submitted to Parliament on Tuesday, the Standing Committee on Finance said that the efficacy of the IBC can be seen in the fact that a total of 1,194 companies have…
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SAB Events & Governance Now Media Ltd. Advances in Insolvency Resolution Process TipRanks
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La Perla is taking the first steps in its relaunch following its acquisition by Peter Kern, former CEO of Expedia this summer. The Italian company specializing in luxury intimate apparel production has announced the rehiring of 220 workers who were made redundant following its declaration of insolvency in early 2024.
As advanced by WWD on Tuesday, the workers will return to their jobs at Atelier, in Bologna, and begin normal operations as of Monday.
The relaunch plan includes an investment of almost €30 million until 2027, according to the Ministry of Enterprise and Made in Italy, which has been involved in the phases of the business rescue plan.
The company announced the closing of the sale and purchase operation…
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