When grain prices sink and margins are tight, producers are faced with tough decisions. Some might even have a hard time paying their bills this year.

Identify the cause of your financial pain, suggests Bob Milligan, a senior consultant with Dairy Strategies.

Are we short on cash because we had a low yield last year or the price is particularly low, or is this a sign that our business isnt sustainable? Milligan asks.

Sometimes that requires a producer to restructure failing entities. If your money problems involve more than just cash flow, …

Read the full article at: https://www.agweb.com/article/4-strategies-to-cope-with-financial-pain/

(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

The companys decision to once again seek help with its debt underscores the persistent business challenges J. Crew faces. A shift to pricier apparel turned off some shoppers, and the company faces competition from Amazon.com Inc and other e-commerce firms that have squeezed an array of traditional retailers.

The preppy fashion retailer in recent weeks enlisted restructuring at…

Read the full article at: https://www.reuters.com/article/us-jcrew-debt-restructuring/exclusive-j-crew-turns-again-to-debt-restructuring-lawyers-sources-idUSKCN1R920X

The Insolvency and Bankruptcy Code (IBC) is in the process of being changed to be effective from the next fiscal to accomodate the fast changing creditor-debtor scenario, according to the Insolvency and Bankruptcy Board of India (IBBI).

The IBBI on Saturday invited comments from stakeholders and the public on making changes to the current regulations notified under the IBC, 2016.

The changes the IBBI is looking are in the regulations under Voluntary Liquidation Process, 2017, Fast Track Corporate Insolvency Resolution Process regulations, 2017, Liquidation Process, 2016, and the Insolvency Resolution Process for Corporate Persons, 2016, among others.

Recent developments like the Supreme Court…

Read the full article at: https://www.business-standard.com/article/news-ians/changed-insolvency-norms-by-april-next-to-speed-up-process-119042100373_1.html

A FINANCIAL guru has predicted that vulture funds are likely to flock off out of Ireland after reaching their exposure here.

Personal insolvency expert Derek Scanlon, of The Debt Clinic in Longford, believes the private equity companies have reached their level of investment in this country as prices continue to soar.

Vulture funds have snapped up thousands of home, farm and business loans since the downturn struck.

Mr Scanlon told the Irish Sun: Largely, theyre mostly finished here. Maybe theyve reached their exposure.

Typically the way those loan purchasing companies work is theyll start at maximum exposure that theyll have to a specific market place and after they reach their tolerance of that …

Read the full article at: https://www.thesun.ie/news/4008287/guru-vulture-funds-take-flight/

I won! was the gleeful reaction by Ukrainian oligarch Ihor Kolomoisky to the news that a Kyiv court ruled that the 2016 nationalisation of his PrivatBank was illegal.

“The grounds for such a decision by the District Administrative Court of Kiev were, among other things, the failure of the defendants to prove the existence of a basis for qualifying PJSC CB PrivatBank as insolvent, as a result of, which the procedure for its nationalisation was subsequently initiated and the procedure itself was violated the nationalisation of the bank, the order…

Read the full article at: http://intellinews.com/kyiv-court-rules-nationalisation-of-privatbank-was-illegal-159896/

FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy.

In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk.

Unfortunately, in life, there is rarely a reward without taking a degree of risk. In farming, risk is an essential part of generating income. Managing risk is about making business decisions that exchange some level of tolerable risk for some degree of acceptable return. Decisions can be made to decrease risk, but that can often result in lower revenues.

To effectively manage risk in their business, grain producers need to understand both the …

Read the full article at: https://www.queenslandcountrylife.com.au/story/6055886/insolvencies-highlight-credit-insurance-benefits-grain-brokers-australia/

Before the likes of Samsung could put two displays onto one single smartphone, Russian company Yota attempted to do the same as far back as December 2012 with the release of the YotaPhone, a device that had an LCD display as its primary display and an e-ink display on the other side as its secondary display. The device certainly was a new take on what smartphones could achieve, but it only received as much attention as first generation devices from lesser known brands (on the global scale) do. Yota followed up on the dual display concept with the release of the YotaPhone 2, and then the YotaPhone 3 which was as recent as August 2017.

Unfortunately, dual-screen phones did not catch the fancy of consumers in any major way. Other OEMs hav…

Read the full article at: https://www.xda-developers.com/yota-yotaphone-dual-screen-maker-bankrupt/

A bench of the National Company Law Tribunal (NCLT) New Delhi, has ordered notices to the Union government and Chairman, Insolvency and Bankruptcy Board of India (IBBI), seeking their views on the the issue of voting rights of homebuyers and financial creditors of Jaypee Infratech Limited.

The case relates to a deadlock over resolutions to be passed at a meeting of the firms committee of creditors (CoC).

The President of NCLT referred the case to the single bench, in exercise of powers under Section 419(5) of the Companies Act 2013, after two members of the Allahabad Bench took contrary views on the issue.

As per the court filings, the voting rights of various parties in the total debt of the company is as follows lenders 41.8%, homebuye…

Read the full article at: https://www.thehindu.com/business/homebuyers-voting-rights-need-clarity/article26891131.ece

Put away those credit cards, gamblers in the UK. The government through the UK Gambling Commission is going to shut down their use.
The thinking behind the decision is that consumers should limit their wagers to their current available funds. Jeremy Wright, attorney general for England and Wales is in agreement and has sympathy for a ban on credit card gambling.

Support for this position came from the case of a woman who racked up more than 100,000 in debt on nine different credit cards. And this was over only two days!

According to Shadow Culture Secretary, Tom Watson,

The operators which took her bets should be held responsible for their disgraceful conduct. No one should go into debt to place a bet.

Minister Wright re…