Insolvency Guardian Media Centre
PARIS–(BUSINESS WIRE)–Regulatory News:
Europcar Mobility Groups (Paris:EUCAR) Extraordinary General Meeting was held on January 20, 2021 under the chairmanship of Mr. Jean-Paul Bailly, Chairman of the Supervisory Board. A quorum of 37,25% was reached.
In light of the COVID-19 epidemic and in accordance with Order No. 2020 – 1497 of December 2, 2020, the Extraordinary Shareholders Meeting was exceptionally held without the physical presence of its shareholders, in closed session.
Shareholders were able to follow the proceedings of the meeting from a distance, which were webcasted live and are also available in replay mode on the Company’s website at the following address: https:///europcar/#!/europcar/20210121_1.
Europcar Mobility …
Company Achieves $1.3 Billion Reduction in Funded Debt and Preferred Equity; Names New Board and Leadership; Commences Trading on NASDAQ Under XOG on January 20, 2021
Extraction to embrace new E&P business and governance model
DENVER, Jan. 20, 2021 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction or the Company) today announced it has successfully completed its financial restructuring process and emerged from Chapter 11. The Company officially concluded its reorganization after completing all required actions and satisfying the remaining conditions of its Plan of Reorganization (the Plan).
Extraction also announced the appointments of Tom Tyree as…
Read the full article at: https://www.globenewswire.com/news-release/2021/01/20/2161694/0/en/Extraction-Oil-Gas-Completes-Financial-Restructuring.html
- President Biden will take immediate action on student loan debt, extending the freeze on federal loan payments until at least October.
- His long-term agenda also calls for $10,000 loan forgiveness, tuition-free public college, and more.
- Here are four other ways President Biden might affect your money.
What will a Biden administration do about student loan debt, which has surpassed $1.5 trillion, according to Federal Reserve data?
Its one of the most pressing issues facing the new administra…
Read the full article at: https://time.com/nextadvisor/in-the-news/joe-biden-student-loan-relief-extension/
Like many other companies that advertise debt relief services, CuraDebt uses a process known as debt settlement to help consumers get out of debt for less than their current balances. This process asks customers to stop making payments on unsecured debts they owe, and to instead begin saving a set amount of money in a dedicated savings account each month. Once enough savings have accumulated, CuraDebt will negotiate with your creditors to help you settle debts for less than you currently owe in balances, interest, and fees.
In addition to helping you settle debts for less, CuraDebt also promises to help you use laws like the Fair Debt Collection Practices Act (FDCPA) and the Telecommunications Consumer Protection Act (TCPA) in your favo…
Read the full article at: https://www.investopedia.com/curadebt-review-5094931
American Debt Relief uses a process known as debt settlement to help consumers erase debt after paying a fraction of what they owe. After talking with a debt consultant during a free debt assessment, customers are asked to begin saving a set amount of money in a dedicated savings account each month. Once the required savings threshold is reached, American Debt Relief will use the funds to help settle debts for less than the amount currently owed.
Interestingly, this company also claims to help settle debts through what they call a “bulk negotiation program.” This program is based on their relationships with major creditor networks, and it allows them to submit your accounts for settlement through various partnerships.
Either way, Americ…
Read the full article at: https://www.investopedia.com/american-debt-relief-review-5094576
Fast Track Debt Relief is not one of the top-rated life debt relief companies we profiled in our internal study. You can review our list of the best debt relief companies to learn which firms ranked the highest.
Fast Track Debt Relief is unique in the fact that they offer more than one potential debt relief solution to consider. First, this firm offers debt settlement, which is a type of debt relief that asks you to stop making payments on your bills and save your money in a dedicated savings account instead. Once you have enough money saved up to reach your debt settlement program goals, Fast Track Debt Relief gets to work negotiating debts on your behalf. While this company does not disclose their debt settlement fees, they show man…
Read the full article at: https://www.investopedia.com/fast-track-debt-relief-review-5095659
For the first time since lockdown measures were introduced, monthly insolvency filings were higher in 2020 than the same month a year before.
The Insolvency Service reported 1,228 registered company insolvencies in December 2020 with the bulk of those being creditors voluntary liquidations (CVL). Duncan Swift, past president at R3 says given the general mood of the industry this comes as no surprise.
The volume of inquiries and the nature of conversations are moving increasingly towards, implementing formal insolvency procedures, says Duncan Swift, past president at R3 The tide is turning.
However, Swift cautions against reading too much into one months data.
Whether this will be a sustained uptick in corporate insolvency number, its…
Read the full article at: https://www.accountancyage.com/2021/01/20/uk-insolvencies-hit-pre-pandemic-highs/
Hyderabad: The VBC Industries which was declared insolvent earlier will now be taken over by Kamini Metalliks company for a price of Rs 98 crore.
A bench of national company law tribunal (NCLT) comprising K Anantha Padmanabha Swamy, member (judicial), and Dr Binod Kumar Sinha, member (technical) approved the resolution plan filed by Kamini Metalliks through resolution professional TSN Raja.
VBC which took Rs 268 crore from various lenders could not clear its dues. Resolution professional Raja, however, said that he will ensure that all the wage arrears of the workers from April 2018 onwards gets paid. Kamini will pay Rs 57 crore to the lenders of VBC.
Read the full article at: https://timesofindia.indiatimes.com/city/hyderabad/kamini-metalliks-to-take-over-vbc/articleshow/80374261.cms
Famed sports gambler Billy Walters was among the 143 people to which outgoing President Donald Trump granted clemency in his final day in office.
Walters was among the 70 people who were commuted, meaning the crime isnt wiped from his record but his required time served is being reduced.
Walters was convicted in 2017 and sentenced to five years in prison and forced to pay back more than $40 million in ill-gotten gains for his role in an insider trading scheme involving milk-maker Dean Foods.
Walters moved to Nevada in 1980 after being convicted of bookmaking in Kentucky. He was part of a betting syndicate in the 1980s that used data and computer analysis to beat sportsbooks well ahead of their time.