Corporate Debt Management and Restructuring Guide Gartner
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A major South Australian dairy company is shutting down after a ‘perfect storm’ of challenges forced it to plunge into voluntary administration.
Beston Global Food Company, which produced the Beston’s Edwards Crossing and Mables dairy brands previously sold at Coles and Woolworths, entered voluntary administration in September.
The company will stop milk production operations on December 6, resulting in hundreds of job losses and a significant financial hit for farmers.
About 160…
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I became addicted to online gambling betting £150 per spin Plymouth Live
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The Australian business of unisex fashion brand Dion Lee has been placed into voluntary administration, with the company’s financial status remaining undisclosed.
The brand has appointed DVT Group as voluntary administrators for its Australian-based operations. Administrator Antony Resnick and his team are working to assess all options regarding the company’s US business.
“We are in the very early stages of our administration process, and our focus right now is on speaking with the Australian and US-based teams and getting across all the relevant operational and financial data,” said Resnick.
He added that it is still “too early” to comment on the details of the company’s financial position. The administrators are…
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Case study: How to determine a solid path forward in a liquidation EY
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The NCLAT New Delhi bench of Mr. Justice Ashok Bhushan (Chairperson), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that liquidator can recover the amount of the corporate debtor by filing an application under section 60(5)(c) of the code before the NCLT as it is a matter which arises solely from or which relates to the insolvency of the Corporate Debtor.
Brief Facts
This appeal has been filed against an order passed by the NCLT, Mumbai by which the interlocutory aplication filed by the liquidator to recover the amount of the corporate debtor was allowed.
The Corporate Debtor EPC Construction (India) Ltd. [earlier known as Essar Projects (India)] was awarded a contract by GSPL…
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Education is an investment, but for many students, it comes with the heavy burden of loans. Managing student loans can feel overwhelming, especially with the multitude of payments, interest rates, and repayment plans to navigate. Fortunately, technology offers a solution. With the rise of innovative student loan management tools, students and graduates can now handle their loans more efficiently and with less stress. Let’s explore these tools, their features,…
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President-elect Donald Trump is poised to pull the plug on President Joe Biden’s yearslong push to cancel student debt for tens of millions of people as Republicans sweep into power in the coming months.
Trump transition advisers and outside allies have been discussing ways to quickly unwind the various Biden-era initiatives that offered new or easier paths to loan forgiveness for borrowers, according to two people familiar with the discussions.
The move would be the culmination of nearly four years of attacks by GOP lawmakers and attorneys general on Biden’s student debt relief policies. On the campaign trail, Trump slammed the loan forgiveness efforts — which total hundreds of billions of dollars — as “vile” and illegal. Yet…
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In 2024, several high-profile companies faced financial turmoil, culminating in filing for bankruptcy—a legal process that allows businesses unable to meet their debt obligations to restructure or liquidate their assets. Bankruptcy often signals a last-ditch effort to salvage operations, address creditor claims, or wind down entirely. This year, a mix of economic pressures and shifting market dynamics pushed some major players across industries into financial distress.
Here’s a look at the top companies that sought bankruptcy protection in 2024, and what led to their downfall:
Credit: Reuters
Tupperware, a leading brand in kitchen and home storage solutions, filed for bankruptcy in September 2024.
The…
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The State of Student Loan Forgiveness: November 2024 Cato Institute
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Troubles have been brewing at KTM for most of 2024, with the company’s financial problems well documented. The Austrian company has laid off a number of staff throughout the year, including many key executives, and only a few weeks ago set off alarm bells in the Swiss stock exchange when it forecast a loss for the year. That caused share prices to plummet to below eight Euros, when they had been at 60 a year earlier. Debt has been reported at 1.5 billion, up from 300 million Euros two years ago.
Now joint Chief Executives Stefan Pierer (pictured above right) and Gottfried Neumeister (left) have placed the company into self-administration, giving them breathing space to try to put a strategy together and avoid the company…
