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.
.story-content span,.story-content p,.story-content div{color:#000!important;font-family:open sans,Arial!important;font-size:15px!important} span.p-content div[id^=div-gpt]{line-height:0;font-size:0} Of the 11 steel making entities named in the Reserve Bank of Indias
Colonial Life clients can now ease their employees worries over student loan debt, thanks to a new partnership with FutureFuel.io.
Colonial Lifes new program can aid employers in their efforts to support a debt-free future for the growing U.S. workforce saddled with student loan debt. This program is designed to reduce the life of each users student loan debt through education, refinancing options and making it easier for employees and their employers to contribute.
Student debt now tops an estimated $1.5 trillion, and more than 25 percent of full-time workers between 23 and 53 named finances as the top cause of daily stress in a recent Colonial Life survey.
We know that student loan debt can be a major cause of stress for millions of A…
Todays entrepreneurs want to find markets of opportunity that give them the freedom and success to develop and grow their businesses. Thats why so many are pursuing solutions for complex problems, particularly ones for which traditional approaches havent worked.
Without solutions, many of these issues continue to grow, making them ideal candidates for a startup to tackle. One of the most pressing financial problems in our country right now for both employees and employers is the mountain of student debt thats approaching Everest-like proportions. In fact, recent figures put student debt at $1.5 trillion, with44 million people in the U.S. struggling to come to terms with their financial burdens.
This is to inform you that the 13th meeting of the Committee of Creditors (CoC) of Sterling Biotech Limited (under Corporate Insolvency Resolution Process) (the Company) was held on Wednesday, 27th February 2019 at 10:00 A.M. at IMC Bldg., IMC Marg, Churchgate, Mumbai – 400 020, Maharashtra, India.
The e-voting on the resolutions put to vote for second event at the 13th meeting of the CoC of the Company commenced at Monday, 04th March 2019 at (11:00 a.m. IST) and concluded on Tuesday, 05th March 2019 at (04:00 p.m. IST)
In this regard, outcome of the E-Voting results is attached.
Denim clothing maker Diesel USA declared bankruptcy, citing mounting financial losses and bad investments
The company says store thefts and fake invoices are also hurting its performance
Diesel plans to eventually exit bankruptcy and even open additional stores
Diesel, a maker of denim clothing known for five-pocket jeans, filed for Chapter 11 bankruptcy protection, citing mounting losses, bad investments and theft.
The company cited losses at its brick-and-mortar locations, a reflection of the problems plaguing a range of retailers amid a consumer shift to online retailers such as Amazon. In its bankruptcyfiling, Diesel USA chief restructuring officer Mark Samson noted the company was unable “to sustain the kinds of losses it has suffere…
Denim clothing maker Diesel USA declared bankruptcy, citing mounting financial losses and bad investments
The company says store thefts and fake invoices are also hurting its performance
Diesel plans to eventually exit bankruptcy and even open additional stores
Diesel, a maker of denim clothing known for five-pocket jeans, filed for Chapter 11 bankruptcy protection, citing mounting losses, bad investments and theft.
The company cited losses at its brick-and-mortar locations, a reflection of the problems plaguing a range of retailers amid a consumer shift to online retailers such as Amazon. In its bankruptcyfiling, Diesel USA chief restructuring officer Mark Samson noted the company was unable “to sustain the kinds of losses it has suffere…
Delphine Seyrig as the Lilac Fairy in Jacques Demys Donkey Skin. Photo: Demy Jacques, Marianne Productions
The key takeaway from the essential Delphine Seyrig retrospective opening at the Berkeley Art Museum and Pacific Film Archive might be how little we Americans know of and appreciate the great French actress dexterity the many faces and the many roles she embodied.
Almost all of the films screening are essential in their own individual way, but brought together under Seyrigs name, they give us a new way of appreciating the legacy of one of Frances greatest film artists. She was luminous and worldly, possessed of a blade-like intelligence and a deep political activism that could be purified andblunt and confrontational or absurd a…
David Green (56), from Liverpool, signed a disqualification undertaking following an investigation by the Insolvency Service. The ban prevents him from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.
Bilt Group Limited was incorporated in February 2016 as the vehicle to carry out significant construction projects in Liverpool, particularly in the Chinatown area.
Just 10 months later, however, in December 2016 Bilt Groupss principle customer decided to terminate the companys contract as they werent satisfied with the standard of work delivered.
Without revenue coming into the company from the principle funder, Bilt Group was unable to pay its…
Credit Intelligence (ASX:CI1) CEO Jimmie Wong speaks to The Capital Networks Executive Director Lelde Smits about why global debt is increasing and how personal bankruptcy is becoming a bigger threat.
Mr Wong holds a Bachelor of Laws degree from the University of Hong Kong and has over 20 years experience as a leading insolvency lawyer having served as legal adviser to numerous financial institutions and groups.
He has provided legal advice in relation to cross-border takeovers and mergers, corporate finance, IPOs and foreign direct investment and explains who is at the biggest risk of personal bankruptcy and what options people have when they cannot service their debt.
We moved into a new house which had gas and electricity supplied by Green Star Energy. In the five months since, weve been unable to get our names on the account, despite repeated calls, while at the same time we were being sent increasingly aggressive demands for payment. It tells us that without our names on the account, we cant pay the bill.
Weve twice been told the issue has been resolved, but are still receiving the demands and have yet to receive a bill with our name on it.
The latest letter told us that unless we paid by a date that had already passed, action would be taken to recover the debt. We called again to try to pay and were told we couldnt without our name on the account and our name couldnt be put on the account becaus…
In April 2017, the City of Covington received its credit rating from the Moodys financial services company.
While the city was lauded for improving its financial situation, it was also told it needed to pay off some of its debt.
That year, the citys debt was 10.8 percent of the citys general fund. They said to pay it down, City Manager David Johnston said. They said to get it manageable or we wouldnt get a decent rating.
Creating a debt management policy was one of the items up for discussion on Tuesday nights agenda of the City Commissions regularly-scheduled caucus meeting. Coming up with a debt management policy was one of 23 items commissioners requested of City officials this fiscal y…
More than 465 bricks-and-mortar stores closed their doors for good in the US over the weekend, sparking headlines that the retail apocalypse is alive and well.
And while the store closure surge was primarily driven by retailers, such as Gap, J.C. Penney and Victorias Secret, rightsizing their footprints after a slow December, rather than businesses going bankrupt, it comes as retail insolvencies in Australia are on the rise.
This is according to the fourth annual Worrells Insolvency Report, which revealed that retail had the fourth highest rate of insolvency rate of any industry during FY17-18.
Retail insolvencies accounted for 8 per cent of total insolvencies in the period, compared to 7 per cent the year prior. Within the sector, t…
Of the 11 steel making entities named in the Reserve Bank of Indias list of large corporate defaulters, four have completed their corporate insolvency resolution process (CIRP), with the lenders realising claims to the tune of Rs 44, 500 crore with an average haircut of 47 per cent. Rating agency Icra says that with Essar Steel and Bhushan Power and Steel attracting interest from domestic and foreign investors, the financial creditors could realise at least Rs 60,000 crore more as the re…
More than 465 bricks-and-mortar stores closed their doors for good in the US over the weekend, sparking headlines that the retail apocalypse is alive and well.