By Mark Kleinman, City editor

Sir Philip Green is accelerating efforts to restructure his Arcadia retail empire through a programme that could involve announcing significant numbers of store closures and substantial job losses as soon as next month.

Sky News has learnt that the billionaire tycoon and his advisers are working on proposals to unveil a Company Voluntary Arrangement (CVA) – a form of insolvency mechanism – within a matter of weeks.

The scheme, which would require the approval of creditors including landlords and the Pension Protection Fund (PPF), would trigger substantial job losses across the Arcadia business, whose brands include Top Shop, Dorothy Perkins and Miss Selfridge.

Formal discussi…

Read the full article at: https://news.sky.com/story/green-to-launch-arcadia-restructuring-within-weeks-11666034

Dear Sir/ Madam,

Sub: Notice of Eleventh Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor)

Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the Eleventh meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) under the provisions of the Insolvency and Bankruptcy Code, 2016, is scheduled to be held on Monday, 18th March, 2019

You are requested to take the same on record.

Pdf Link:
Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of …

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/uttam-value-steels-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26544316.ece

The outcome of the 24th COC meeting is summarized as herein below:

1.The COC agreed on a Monitoring Committee constituting three representatives as per the highest voting share of the COC members and an additional member of COC in the absence of any of the above three members. The same members were also identified as the ones who would represent the COC in legal matters, if any.

2.Discussions were held between the RP and the members of the COC with respect to distribution of proceeds, received under the approved resolution plan, to the financial creditors. Pursuant to this, it was decided that the two distribution methodologies under consideration, will be separately put to vote along with the resolution plan of the H1 bidder.

Pdf Link:
…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ramsarup-industries-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26543393.ece

March 15 (Renewables Now) – Australian wave power specialist Carnegie Clean Energy (ASX:CCE) has entered into voluntary administration a few days after the Western Australia government cancelled a crucial financial assistance agreement.

The company announced on Friday that Richard Tucker and John Bumbak of KordaMentha Restructuring were appointed as voluntary administrators. They are holding discussionswith key stakeholders in an attempt to obtain funding, while also pursuing a recapitalisation via a Deed of Company Arrangement (DOCA), a bourse filing says.

The voluntary administration process concerns not only the parent company but also its subsidiaries EMC Co Pty Ltd…

Read the full article at: https://renewablesnow.com/news/aussie-wave-energy-expert-carnegie-enters-administration-646611/

Debt settlement is a rapidly growing industry in which companies advertise that they can eliminate consumer debt by negotiating reduced debt payoffs with a consumers creditors, usually for unsecured debt such as credit card debt and medical bills. Consumer debt settlement firms level the playing field for consumer borrowers seeking to settle debts outside of bankruptcy court.
The global Debt Settlement market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The Unit…

Read the full article at: https://apexnewsroom.com/global-debt-settlement-market-2019-guardian-debt-relief-debt-negotiation-services-premier-debt-help-oak-view-law-group/10113/

A solution to national debt could be achieved through quanitative easing, a way for new money to be injected into the economy, writes Ellen Brown.

A HUGE CHANGE has quietly taken place in the halls of the U.S. money creation system. Quantitative easing (QE) has become the new norm. QE was supposed to be an emergency measure. The U.S. Federal Reserve pumped out trillions of dollars in new bank reserves after the 2008-09 credit crisis. Bernie Sanders revealed 17 trillion dollars was handed to the big banks over the 2008-10 period to self-administer. Most of that did not filter down to local communities and jobs.

It was expected that quantitative tightening would follow, slowly withdrawing the subsidy to the already super-wealthy at the …

Read the full article at: https://independentaustralia.net/politics/politics-display/is-quantitative-easing-the-key-to-economic-growth,12473

Debt is a dominant force in many households and keeping it secret from children is not a good idea, according to money specialists.