Insolvency Guardian Media Centre
Company to Deregister with the SEC; Common Stock to be Withdrawn from Trading on OTC
WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) — Determine, Inc. (OTCQB: DTRM) (the Company) today announced that its Board of Directors has determined that since the Company has now completed the sale of substantially all of the assets of the Company to Corcentric, Inc., it is in the best interest of the Company and its stockholders to effect the winding up, liquidation and dissolution of the Company and distribute the net cash proceeds of the sale to its stockholders as soon as pra…
Read the full article at: https://www.apnews.com/Globe Newswire/b40cbd2b939124cb6560f22e9506e2af
Company to Deregister with the SEC; Common Stock to be Withdrawn from Trading on OTC
WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) — Determine, Inc. (OTCQB: DTRM) (the Company) today announced that its Board of Directors has determined that since the Company has now completed the sale of substantially all of the assets of the Company to Corcentric, Inc., it is in the best interest of the Company and its stockholders to effect the winding up, liquidation and dissolution of the Company and distribute the net cash proceeds of the sale to its stockholders as soon as practicable after provision for the Companys existing obligations. The Boards decision was based on a number of factors, including the significant cost savings to be obtained b…
Read the full article at: https://www.globenewswire.com/news-release/2019/04/18/1806871/0/en/Determine-Inc-Announces-Winding-Up-Liquidation-and-Dissolution.html
Pier 1 Imports Inc.s Interim Chief Executive Cheryl Bachelder may have taken an optimistic tone after the home dcor retailer reported disappointing fourth-quarter earnings, but analysts were bearish, bringing up the possibility of a liquidation in the not-so-distant future.
Given the trends in business, and its negative earnings per share, EBITDA [earnings before …
Read the full article at: https://www.marketwatch.com/story/pier-1-liquidation-is-a-possibility-analysts-say-2019-04-18
The administrators appointed at Western Australias developer Carnegie Clean Energy have revealed the highest of four bids it managed to attract for its solar microgrid business Energy Made Clean (EMC) was only $200,000, while the lowest one stood at mere $40,000. This is well below the $13 million the company was bought for in 2016. According to the administrators report, the highest bidder subsequently pulled out of the process.
The developer and its three subsidiaries EMC Co, Energy Made Clean and EMC Engineering Australia entered administration last month just days after the Western Australia government had terminated the $16 million financial assistanceagreement for the Albany wave energy project. The government said the unexpected pr…
Read the full article at: https://www.pv-magazine-australia.com/2019/04/18/carnegie-gets-5-million-lifeline-bids-for-liquidated-microgrid-arm-emc-revealed/
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.
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Subject: Intimation of the Second Meeting of the Committee of Creditors (COC) of Punj Lloyd Limited under Regulation 30(2) read with Clause (g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to Regulation 30 (2) of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of Sub Clause 16 (g) of Clause A of Part A of Schedule III of LODR, we wish to inform that the the second meeting of the Committee of Creditors of Punj Lloyd Limited was held on Thursday, 18th April 2019 at 10.30 a.m. at The Park, 15, Sansad Marg, Hanuman Ro…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/punj-lloyd-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26877230.ece
Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (LODR) Regulations, 2015 (LODR) and in accordance with Sub Clause 16 (g) of Clause A of Part A of Schedule III of SEBI (LODR), we wish to inform you about the major outcome of the First Meeting of Committee of Creditors of Punj Lloyd Limited held on April 09, 2019 in terms of Regulation 19 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
1. The Financial Creditors after the conclusion of the voting period resolved to ratify and approve the remuneration and expenses incurred by Mr. Gaurav Gupta, IRP and his professional advisors.
2. Appointment of Mr. Gaurav Gupta, IRP as Resolution professional was no…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/punj-lloyd-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26875989.ece
Anthony Cardoza was declared bankrupt after losing an appeal against repaying money to a council
A former football club owner has been declared bankrupt after he was ordered to repay 2.1m to a council that lent it money for a stadium redevelopment.
In January a High Court judge ruled ex-Northampton Town owner Anthony Cardoza should return the money to Northampton Borough Council.
The council sued Mr Cardoza to recoup some of its 10.25m loan to the club, for work that has never been completed.
Last week Mr Cardoza and his son David lost appeals against the judgement.
At the January hearing, forme…
Read the full article at: https://www.bbc.com/news/uk-england-northamptonshire-47973708
An SMSF member has had their application to have a bankruptcy notice set aside dismissed in a recent decision by the Federal Court of Australia.
The case of Batterham v Nauerinvolved Peter Batterham, the sole member and beneficiary of an SMSF, the Batterham Retirement Fund.
The case concerned applications in two proceedings following the issue of a bankruptcy notice to the applicant, Mr Batterham, at the request of the respondent, Mr Nauer.
The bankruptcy notice required Mr Batterham to pay Mr Nauer an amount of $168,595.52. Mr Batterham was declared bankrupt on 13 November 2014. The bankruptcy was discharged on 3 December 2017.
Maylord Equity Management Pty Ltd is the trustee of the Batterham Retirement Fund, and holds any assets of the fun…
Read the full article at: https://www.smsfadviser.com/news/17542-federal-court-hands-down-decision-in-bankruptcy-case
Signs of hope have emerged for embattled wave energy developer Carnegie Clean Energy, after creditors on Wednesday voted unanimously to accept a restructuring plan to save the company and re-list it on the Australian Securities Exchange.
Carnegie went into voluntary administration last month, and appointed KordaMentha Restructuring to oversee the business and its fully owned solar and micro-grid subsidiary, Energy Made Clean.
A plan to resurrect the companys core wave power business, and to sell or wind down Energy Made Clean, was soon revealed, alongside in principle funding support through company director and shareholder Grant Mooney and key stakeholder Asymmetric Credit Partners.
According to a media statement released on Wednesday, a…
Read the full article at: https://reneweconomy.com.au/carnegie-gets-to-ride-the-wave-again-as-creditors-vote-to-save-company-20817/
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Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29.
Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia Party), and Kingsley Liu (Greens). Jointly organised by the Blue Mountains Regional Business Chamber and Springwood, Blaxland and Glenbrook Chambers of Commerce, the event is limited to current financial members of each of the chambers.
The Blue Mountains Regional Business Chamber recently hosted meeting about trends in the property, finance and business sectors. Forty business people …
Read the full article at: https://www.bluemountainsgazette.com.au/story/6072463/business-chambers-host-election-forum-in-springwood/