Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Bankruptcy: The bankruptcy of Funafli, headquartered in Voss. stock photos Helicopter company Funafli has declared bankruptcy after the increasingly difficult
MCLEAN, Va.--(BUSINESS WIRE)--GTT Communications, Inc. (OTC: GTTN), GTT or the Company, a leading global cloud networking provider to multinational clients,
The Debt Restructuring initiative focused specifically on its Finnish subsidiary Kuu Hubb Oy is intended to improve the companys financial situation by decreasing its current debt burden
HIGHLIGHTS:
Board of Directors unanimously supports the debt restructuring of its Finland-based subsidiary Kuu Hubb Oy, which represents over 7.7 million of aggregate indebtedness
Kuuhubb Inc.s operations will continue without interruption; the process is not expected to have any impact on customers, vendors or employees
The Debt Restructuring proceedings will be under the jurisdiction of the District Court of Helsinki, in Finland, governed by the Finnish Restructuring of Enterprises Act (47/1993, REA)
Many don’t know how to get out of it, but this article will show you what you need to do to get that weight off your shoulders! This post will give you some practical suggestions on how to save money and pay down debts.
It is possible for anyone, regardless of their situation, income level, or credit score. The first step is recognizing the problem and taking steps towards solving it. So let’s get to the steps to answer how to get out of debt.
SALISBURY, MD- Time is running out for college students looking to get relief for their college loan debt this year.
The Student Loan Debt Relief Tax Credit Program deadline of September 15 is just under two weeks away, and Comptroller Peter Franchot and Maryland College Officials are urging students to take advantage of the program that would wipe away up to 5,000 dollars of debt for Maryland college students and graduates with over 20,000 dollars in loans towards in-state tuition.
Theyre faced with something that is depressing it strikes them as just an impossible task this is what we are trying to create an exit out for them, said Maryland Comptroller Peter Franchot.
Popular bag maker Crumpler has collapsed into administration one year after celebrating its 25th anniversary, with the COVID-19 pandemic wreaking more havoc on the countrys retailers.
Notices published by corporate regulator ASIC on Thursday showed insolvency firm PKF was appointed administrator of the trendy bag manufacturer, which is headquartered on Melbournes busy Russell Street.
Crumplers first bag was designed to make it easier to carry a beer slab home on your bike.
Crumpler was founded in 1995 by Dave Roper, Will Miller and Stuart Crumpler, originally selling messenger bags designed to make it easier to ferry a slab of beer home on your bike. Over the years, the company became a popular brand, especially among younger shopp…
Steinhoff has argued that it cannot be liquidated under SA law.
Fin24/File
Lawyers for Steinhoff have argued that a High Court bid to have it liquidated should be thrown out, as it is an “external company” under SA law that cannot be wound up by a local court.
The retailer is facing a liquidation application in the Western Cape High Court brought by the former owners of shoe retailer Tekkie Town.
The previous owners of the popular footwear chain allege they were duped into swapping their shares in a “highly profitable, cash-generative business” for stock in Steinhoff, which has fallen precipitously in value since late 2017.
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel …
Board of Directors unanimously supports the debt restructuring of its Finland-based subsidiary Kuu Hubb Oy, which represents over 7.7 million of aggregate indebtedness
Kuuhubb Inc.s operations will continue without interruption; the process is not expected to have any impact on customers, vendors or employees
The Debt Restructuring proceedings will be under the jurisdiction of the District Court of Helsinki, in Finland, governed by the Finnish Restructuring of Enterprises Act (47/1993, REA)
Following the debt restructuring process, the Company expects to emerge in a stronger financial situation, positioned for future growth
TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Kuuhubb Inc. (Kuuhubb or the Company) (TSXV: KUU), a mob…
Jordan has been chased by debt collection agencies after falling behind on payments for clothes.
The 23-year-old bought a winter coat using Buy Now Pay Later when employed, but then lost his job.
According to Citizens Advice, one on ten shoppers who use this type of credit end up being chased by debt collectors.
The Treasury said it was “stepping in and regulating” the market so people “are treated fairly”.
Jordan started using Buy Now Pay Later after seeing it advertised on social media apps and on the iPhone app store. He decided to use it to buy a coat for 200.
“It was quite cold, it was the winter, and at that point I didn’t have a lot of clothes,” he said. “I was in …
– Company anticipates completing previously announced infrastructure division sale to I Squared Capital in the coming weeks
– Prepackaged chapter 11 cases for entities based in the United States (U.S.) contemplated after the sale of infrastructure division is closed
– The combination of the infrastructure division sale and the transactions contemplated by the RSA will reduce the companys debt by approximately $2.8 billion
– Business continues as usual and without interruption both in the U.S. and globally; vendors, employees and other partners to be paid in the ordinary course of business prior to and during the chapter 11 cases
– GTT to reserve cash from sale proceeds to bolster liquidity
The insolvency law has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the situation that prevailed prior to its implementation
The insolvency law, which has undergone various phases of evolution, has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the situation that prevailed prior to its implementation, experts said on Thursday.
Enlarge/ Friends and family members of people who have died during the opioid epidemic protest against a bankruptcy deal with Purdue Pharmaceuticals that allows the Sackler family to avoid criminal prosecution and to keep billions of dollars in private wealth, on August 9, 2021, outside the Federal courthouse in White Plains, New York.
A federal bankruptcy judge on Wednesday approved a $4.5 billion opioid settlement that provides sweeping lifetime legal immunity for the billionaire Sackler family behind Purdue Pharma.
This is a bitter result, Federal Judge Robert Drain said Wednesd…
The daily camper and its owner, Sverre Underbakke, told Fonnafly E24 that the company had been hit hard by the Corona crisis, which has caused tourism to disappear.
We did not receive any support from the government, we tried different solutions, but we did not reach the finish line, Underback tells E24Whoever reports the news first.
Fonnafly operates helicopter services related to photography, film, taxi and sightseeing, as well as frei…
MCLEAN, Va.–(BUSINESS WIRE)–GTT Communications, Inc. (OTC: GTTN), GTT or the Company, a leading global cloud networking provider to multinational clients, announced today that it has entered into a Restructuring Support Agreement (RSA or the agreement) with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a comprehensive restructuring of the Companys remaining balance sheet following completion of the pending sale of its infrastructure division.
The agreement places GTT on a path to improve its capital structure and execute its long-term business strategy. Pursuant to the RSA, the Company expects to expeditiously close the previously announced sale of its infrastru…
