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Read the full article at: https://www.thenation.com/article/economy/debt-biden/
There are several reasons a company might liquidate. It might be the case that the company is insolvent and no longer has a viable future, it cannot pay its debts, or perhaps it is sustainable but the director has chosen to retire.
Whatever the situation, it is important to understand the differences between compulsory and voluntary liquidation. After all, although both are formal insolvency processes that will wind-up and dissolve a business, they involve different processes that will impact a business in different ways.
To help you understand the key differences between voluntary liquidation and compulsory liquidation, Clarke Bell has put together this handy guide, to help keep you informed on the best route forward.
What is liquidati…
Read the full article at: https://www.abcmoney.co.uk/2021/02/03/compulsory-liquidation-vs-voluntary-liquidation-what-are-your-options/
Metamaterial Inc. of Dartmouth, developer of high-performance functional materials and nanocomposites, announced Tuesday it has acquired specialized lens casting production from Swiss company Interglass Technology AG, which is in liquidation.
Metamaterial is paying US$800,000 to acquire equipment and intellectual property, including more than 70 international patents, from Interglass. It plans to invest and expand its capabilities in design, development and manufacturing of its trademark metaFUSION products for smart eyewear.
A Metamaterial representative told me the company plans to maintain a small presence in Switzerland, but the majority of the equipment will be moved to its new, larger space in Dartmouth.
Many of Interglasss patent…
Read the full article at: https://www.thechronicleherald.ca/business/local-business/roger-taylor-metamaterials-eyewear-plans-bolstered-by-acquisitions-from-liquidating-swiss-company-548098/
HOUSTON–(BUSINESS WIRE)–Superior Energy Services (Superior or the Company) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on January 19, 2021. The Company emerges with a strengthened capital structure that eliminated more than $1.30 billion of existing debt.
Todays milestone represents a tremendous accomplishment for Superior. The Company has emerged from bankruptcy in less than two months, free of debt and with a greatly strengthened balance sheet and financial ability to compete, said David Dunlap, President and CEO of Sup…
Read the full article at: https://www.businesswire.com/news/home/20210202006140/en/Superior-Energy-Successfully-Completes-Financial-Restructuring-and-Emerges-From-Chapter-11
Kiah Treece – Forbes Advisor
Generally speaking, the process of debt consolidation involves taking out a new, lower interest loan and using it to pay off existing debts. If you improved your credit score since you obtained your current loansor even if you just struggle to remember individual payment datesdebt consolidation can be a great way to streamline loans while reducing your monthly payments.
Well walk you through the debt consolidation process and help you determine whether a debt consolidation loan or balance transfer credit card is a good fit for your financial needs.
What Is Debt Consolidation?
Debt consolidation is when a borrower takes out a new loan and then uses the loan procee…
Read the full article at: https://tulsaworld.com/business/investment/personal-finance/what-is-debt-consolidation-how-does-it-work/article_dc8d34ca-2dcc-59ba-b2ee-0aeb4c51b009.html
Metamaterial Inc. of Dartmouth, developer of high-performance functional materials and nanocomposites, announced Tuesday it has acquired specialized lens casting production from Swiss company Interglass Technology AG, which is in liquidation.
Metamaterial is paying US$800,000 to acquire equipment and intellectual property, including more than 70 international patents, from Interglass. It plans to invest and expand its capabilities in design, development and manufacturing of its trademark metaFUSION products for smart eyewear.
A Metamaterial representative told me the company plans to maintain a small presence in Switzerland, but the majority of the equipment will be moved to its new, larger space in Dartmouth.
Many of Interglasss patent…
Read the full article at: https://www.capebretonpost.com/business/regional-business/roger-taylor-metamaterials-eyewear-plans-bolstered-by-acquisitions-from-liquidating-swiss-company-548098/
Over the years, I’ve had a lot of people tell me what I should and shouldn’t be doing with my money.
Sometimes, the advice was unhelpful or just plain wrong.
It brings to mind a quote often attributed to Mark Twain.
“It ain’t what you don’t know that gets you in trouble. It’s what you know for sure that just ain’t so.”
With that in mind, here are fivecommonly shared finance tips that you might be better off ignoring.
1. Stock tips and dodgy investment ‘advice’
When your uncle tells you about the mining exploration company that’s about to strike gold, or your friend at the pub tells you about a new crypto coin, it’s not a good idea to drop everything and invest.
In the stock market, inside information is illegal. And while your uncle …
Read the full article at: https://www.abc.net.au/everyday/common-financial-myths/100006742
- BTN News
- Tuesday, 02 February 2021
The China-basedand formerly all-powerful HNA Group has been declared bankrupt.
The diversified group controlled 14 airlines, had a global fleet of 900 aircraft and held shares in firms in a multitude of travel, tourism, logistics, finance and property verticals that made it one of the most prolific investors in the world.
In total, the group boasted more than 2,300 companies and 290,000 employees.
In a statement, HNA said that on January 29, 2021, it received a ‘notice’ from the Hainan Provincial Higher Peoples Court informing it that creditors had applied “for bankruptcy and reorganisation of our group because our group could not pay off due debts”.
HNA is believed to have assets of at least US…
Read the full article at: http://www.impactpub.com.au/micebtn/85-news/btn-news/27924-hna-declared-bankrupt