Insolvency Guardian Media Centre
AUSTIN, Texas, April 15, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that the Company, consistent with its prior announcement on April 3, 2019 regarding the Companys entry into a comprehensive Restructuring Support Agreement with its First Lien and Unsecured Noteholders, voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the Court).
On April 14, 2019, the Company filed a pre-packaged chapter 11 plan of reorganization (the Plan), which if approved, will fully equitize the Companys outstanding prepetition funded debt, authorize incurrence of a fully committed exit…
Read the full article at: https://www.globenewswire.com/news-release/2019/04/15/1804379/0/en/Jones-Energy-Inc-Files-for-Chapter-11-Protection.html
In brief
Investors are concerned about the deterioration of corporate debt quality, marked by lower credit ratings and a large share of covenant-lite issuance in the loan market.
Credit is typically a non-recessionary asset class and should perform well so long as there is no impending recession, which at the moment looks unlikely.
Corporate bonds still add value in portfolios. But changes to the structure of the corporate bond market mean investors should have an understanding of any new risks.
Corporate debt as a share of gross domestic product has risen dramatically through the last decade, and with it, leverage has increased and credit quality declined. As a result, many investors are left wondering if credit markets coul…
Read the full article at: https://www.livewiremarkets.com/wires/five-things-to-know-about-the-corporate-debt-market
Most people only expect to borrow $100,000 or more when they take out a mortgage, but a small percentage of student borrowers owe at least that much on their student loans.
Student debt figures from 2018 show that more than 1.2 million borrowers had six-figure student loan balances last year and that over 520,000 souls owed more than $200,000.
This is only part of the reason student debt has become a $1.5 trillion crisis that only gets worse every year. Even the average borrower graduated school with nearly $30,000 in loans in 2018 according to Student Loan Hero more than enough money to make a down payment on a house or buy a new car.
How to Handle Six Figures in Student Debt
No matter how you cut it, our student debt situati…
Read the full article at: https://www.forbes.com/sites/jrose/2019/04/15/100k-in-student-loan-debt-4-top-repayment-strategies/
This is in reference to the captioned subject.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 13th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on April 9, 2019 to discuss the agenda items stated in the notice of the meeting.
The e-voting on the resolutions put to vote at the 13th meeting of the CoC of the Company commenced on Thursday, April 11, 2019, at 07:30 p.m. and concluded on Friday, April 12, 2019 at 07:30 p.m.
You are requested to take the same on record.
S…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/uttam-value-steels-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26844893.ece
Afterpay CEO Nick Molnar: Technology is so freely available that anyone can build anything really quickly. Louie Douvis
While Sezzle and other US competitors will be in the ear of retailers also being targeted by Afterpay, this indirectly would help the system scale up by building awareness, Mr Molnar said.
Competition is a really good thing; it forced us to do better. It is what drove fast retail adoption here, and will in the US, because they are getting pitched by multiple providers, he said.
Afterpay had about 1 million customers and 2000 merchants signed up in the US at the end of last month, but gross losses fell to 1.1 per cent of underlying sales at the last half. Asked how the business was keeping a lid on bad debts despite its rap…
Read the full article at: https://www.afr.com/business/banking-and-finance/afterpay-ceo-says-bring-on-the-competition-20190415-p51ect
STAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast.
In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the High Court in Singapore to recover his alleged losses at Star Gold Coast in Broadbeach.
The Gold Coast Bulletin can reveal Dr Wong, amassed the debt playing baccarat during a five-day stay on the Glitter Strip in the middle of last year.
The Oasis VIP gaming area at The Star Gold Coast. Photo: Supplied
Star Entertainment Group lodged its case on February 1.
It is understood Dr Wong argues dealing “errors” …
Read the full article at: https://www.northernstar.com.au/news/star-casino-sues-singapore-high-roller-for-alleged/3687361/
* New holding company may not be 100 pct state-owned
* Enedis capital could be opened to private investors (Adds detail)
By Geert De Clercq
PARIS, April 15 (Reuters) – French utility EDF will kick-off its restructuring plan with a May 28 board meeting to discuss plans for a partial renationalisation of the state-controlled utilitys nuclear activities, Le Parisien newspaper reported on Monday.
State holding company APE chief Martin Vial and a finance ministry official confirmed that the boards strategy committee would review a restructuring plan for the firm on May 28, Le Parisien reported.
It added that on June 7, the plan – codenamed Project Hercules – would be presented to 200 top managers and on June 20 to union representatives.
APE w…
Read the full article at: https://www.reuters.com/article/edf-restructuring/update-1-edf-board-to-review-restructuring-plan-on-may-28-le-parisien-idUSL5N21X0N1
The New Investors videoseriesbrought to you by Yahoo Finance reveals the secrets of the most successful entrepreneurs and business people in Australia today. This is the fourth episode of the season.
When Samantha Wills announced in August 2018 that she was shutting the doors of her global jewellery empire, it left her millions of fans stunned.
But this wasnt just another Aussie label buckling under the apocalypse that was sweeping the Australian retail sector.
The eponymously named Samantha Wills jewellery brand wasnt cash-strapped by any means: iconic pieces designed by Wills had graced the screens of millions through Sex and the City and had famously been worn by Hollywood A-listers such as Eva Mendes, Taylor Swift, and Pink.
But, after t…
Read the full article at: https://au.finance.yahoo.com/news/samantha-wills-went-80000-debt-global-jewellery-empire-014921478.html
Disclosure of List of Creditors of SRS Limited displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 pursuant to Regulation 30 read with Clause 16(e) of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018
Pdf Link:
SRS LTD. – Corporate Insolvency Resolution Process (CIRP)-List of Creditors
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/srs-ltd-corporate-insolvency-resolution-process-cirp-list-of-creditors/article26841794.ece
PARIS, April 15 (Reuters) – French utility EDF will kick off its restructuring plan with a May 28 board meeting to discuss plans for a partial renationalisation of the state-controlled utilitys nuclear activities, Le Parisien newspaper reported on Monday.
The paper said that state holding company APE chief Martin Vial and a finance ministry official had confirmed that the boards strategy committee would review a restructuring plan for the firm on May 28.
It added that on June 7, the plan – codenamed Project Hercules – would be presented to 200 top managers and on June 20 to union representatives.
The French government said in November it would consider boosting its stake in EDF and possibly create a new parent company with subsidiaries. …
Read the full article at: https://www.reuters.com/article/edf-restructuring/edf-board-to-review-restructuring-plans-may-28-le-parisien-idUSL5N21X0M3
Another Auckland construction business has gone into liquidation, sparking a dispute over work in Ponsonby, but an ex-director of the builder says no money is owed.
Companies Office records show BHSSR, previously called MR8 Construction, went into voluntary liquidation today, in the hands of Waterstone Insolvency.
“Established with 25 years of industry experience, MR8 Construction is a true representation of an innovative and energetic company clearly reflected in the success of its growth,” its web site says.
“MR8 Construction specialises in the construction of multi-unit developments, high-density residential, light commercial, fitouts and industrial construction.”
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One creditor said $50,000 was outstanding for…
Read the full article at: https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12222543
Prominent Queensland-based co-working space and business incubator Little Tokyo Two has been placed into voluntary liquidation, with founder and entrepreneur Jock Fairweather sending a message to members and supporters saying the business had become unsustainable.
Founded four years ago, Little Tokyo Two (LT2) had five locations across Brisbane and the Gold Coast, which primarily offered a co-working space service to startup founders and aspiring entrepreneurs. However, the business had also recently expanded into offering incubation services and growth plans for startups.
In the message, Fairweather said while the incubation offerings had performed well, the co-working model had become unprofitable and criticised new market entrants fo…
Read the full article at: https://www.smartcompany.com.au/startupsmart/news/little-tokyo-two-collapses/