The receivers appointment on 19 February occurred alongside FSG’s board resolving to appoint Barry Wright and Daniel Juratowitch of Cor Cordis as voluntary administrators.
Control of the group now rests with the receivers who intend to continue to trade on a business-as-usual basis while pursuing sale options or a recapitalisation through the voluntary administration process.
Shares in the company will continue to be suspended until further notice.
The rural, regional and remote telecommunications carrier and full-service ICT provider, entered into a binding agreement on 19 February to sell its mining customer base to PIT Mining IT for $4.975 million. This included 80 customers and 21 staff transitioning to…
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Marijuana companies face $6 billion in debt coming due next year as profits decline industrywide. Struggling cannabis companies are looking to restructure debt to stay afloat as federal legal hurdles remain seeking protection from creditors via bankruptcy filings.
If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal government.
That disadvantage will make it harder for Schwazze and other cannabis companies to win concessions from lenders…
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Ethiopian Bondholders Dispute IMF’s Debt Relief Assessment Amid Export Surge iAfrica.com
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Munch Artwork to Be Sold by Bankrupt Norwegian Shipping Heir Bloomberg
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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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Our View: Debt-relief plan is a good, but temporary, fix Rochester Post Bulletin
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Their View: Avoiding debt relief scams sidneydailynews.com
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Coffee Day Enterprises Resumes Insolvency Proceedings After Court Directive TipRanks
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WASHINGTON: The Trump administration released $5.3 billion in previously frozen foreign aid, mostly for security and counternarcotics programs, according to a list of exemptions reviewed by Reuters that included only limited humanitarian relief.
President Donald Trump ordered a 90-day pause on foreign aid shortly after taking office on January 20, halting funding for everything from programs that fight starvation and deadly diseases to providing shelters for millions of displaced people across the globe.
The freeze sparked a scramble by US officials and humanitarian organizations for exemptions to keep programs going. Secretary of State Marco Rubio, who has said all foreign assistance must align with…
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Family Metal Foundry Saves a Business The KTM Insolvency Nearly Killed MSN
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