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.
Blockchain and settlement payments technology firm SETL has appointed administrators to handle a restructuring of the business.SETL, which was established
More than a quarter of the roughly 800 people expected to be laid off from Activision Blizzard as part of its sweeping reorganization worked in the Blizzard side of the company, according to records obtained by Varietyfrom Californias Employment Development Department.
Those 209 Blizzard layoffs hit in cities around the country including Califonias Irvine, Santa Monica, and Burbank, as well as New York City, Austin, Texas and Bloomington, Minnesota.
Blizzard employees were given 60 days of compensation and benefits, none were represented by a union, according to the Worker Adjustment and Retraining Notification filed with the state by Blizzard on Feb. 12.
The breakdown by department also noted that employees were provided a severance pa…
Credit Settlement Market report is a comprehensive study of the changing Medical industry due to the Credit Settlement Market. There is several systematic information in the report, like the estimated CAGR values in the forecast years of 2018-2023, and the implication of the market definition, classifications, applications, and market trends mean and the ways to use them to achieve a greater edge on the key players and brands with their company profiles are included in the report.
According to this study, over the next five years the Credit Settlement market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the…
Update (12:10 UTC, March 7): This article has been updated with statements from a SETL press release received after publication.
London-based blockchaininfrastructure company SETL has filed for insolvency and is looking for a larger financial services firm to take on some of its holdings.
The newsrevealed in a notice of insolvency filed today with the U.K. authorities comes as something of a shock given that, last October, the startup company was granted a license by Frances securities regulator to operate a central securities depository (CSD)system using blockchain tech.
The firm, whichwas co-founded by City of London trading veteran Peter Randall back in 2015,said in a statement:
A two-member bench also pulled up Liberty House for not pursuing the corporate insolvency resolution process after being selected as the highest bidder.
The National Company Law Appellate Tribunal (NCLAT) on Friday allowed the withdrawal of UK-based Liberty House bid for ARGL on the plea of resolution professional of the debt-ridden company.
A two-member bench, headed by Justice S J Mukhopadhaya, also pulled up Liberty House for not pursuing the corporate insolvency resolution process after being selected as the highest bidder.
You are a failure party all the time, dragging your feet. You are in bad reputation. We would not allow you to take advantage of the appellate tribunal, the bench said.
Bug killing germ warriorZoono (ASX:ZNO) is set to drop a court case against a hand sanitiser business after the business was placed into liquidation.
Zoono, whichmakes anti-microbial sprays designed tokill germs and treat acne, launched a joint venture called Stayzon Retail Ventures in May 2017.
Under the agreement, Zoono would sell the Stayzon product range, which included a revolutionary alcohol-free, 24-hour protection hand sanitiser.
But Zoono told the market this morning that Stayzon had been placed into voluntary liquidation by its directors, and as such, it was likely to cease legal proceedings that began in December last year.
Stayzon Retail Ventures ownership was split down the middle between Zoono and MCS C…
A local program which helps people get out of debt and improve budgeting is calling for more participants.
Five Cessnock churches – New Vine Vineyards Church, the Salvation Army Church, The Vines Community Church, Cessnock Congregational Church and Beyond Church – have combined to offer the money programs through the charity Christians Against Poverty.
They have been running a debt counselling program and a budgeting course for a bit over a year and helped 11 clients work through their debt and dozens more improve their money planning.
The debt initiative works by the providing financial information to reducedebt while maintaining a budget.
Centre manager for the Cessnock program, Wayne Cooke of New Vine Vineyards Church, said the program al…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday allowed the withdrawal of UK-based Liberty House bid for ARGL on the plea of resolution professional of the debt-ridden company.
A two-member bench, headed by Justice SJ Mukhopadhaya, also pulled up Liberty House for not pursuing the corporate insolvency resolution process after being selected as the highest bidder.
You are a failure party all the time, dragging your feet. You are in a bad reputation. We would not allow you to take advantage of the appellate tribunal, the bench said.
NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casua…
Consolidating high-interest credit card debt at a lower interest rate can save you hundreds or even thousands of dollars. But if youre considering this strategy, youve probably wondered, does debt consolidation hurt your credit or help it?
Lets look at how different approaches to debt consolidation might affect your credit score and some best practices for protecting your credit.
Quick navigation:
3 ways debt consolidation helps your credit score
A debt consolidation loan can help your credit score in three ways:
Reducing the overall amount of debt you owe, assuming you dont go out and run up more debt on your credit cards
Lowering your credit utilization ratio, which is the percentage of your available credit limit youre acc…
Going into debt doesnt need to be the end of the world. There are steps you can take in order to pay down your debts effectively and efficiently. Implementing debt consolidation payments can help you become debt free in no time. Debt consolidation payments allow you to take any high interest rates you may have attached to your remaining credit cards and combine them into one low interest sum. Utilizing helpful tools such as a debt consolidation calculator can help determine the best course of action for eliminating your debt.
There are four ways to place all of your existing debt into one payment. Utilizing an online debt consolidation calculator will help determine which is the best loan option to implement.
Blockchain and settlement payments technology firm SETL has appointed administrators to handle a restructuring of the business.
SETL, which was established by Chi-X founder Peter Randall and appointed the former governor of the Banque De France to its board in January, announced the corporate reorganisation following the completion of a development and investment project in two platforms.
Administrators will separate SETLs software development business line from its investments portfolio, which included the ID2S and IZNES platforms, both based in Paris. ID2S is a regulated central securities depository (CSD) that completed its connection testing to the Target2-Settlement (T2S) platform in October la…
Womens apparel chain Charlotte Russe will close all of its remaining stores as it becomes the latest victim of the retail apocalypse.
The company says the shutdown of 416 locations will occur during the next two months. Going out of business sales will begin immediately in stores across 44 states and Puerto Rico.
Charlotte Russe had hoped to stay in business, filing for Chapter 11 bankruptcy last month and closed 94 locations. However, a liquidation firm called SB360 Capital Partners won the bankruptcy auction for its assets and inventory and decided to close the stores.
The company will accept gift cards through March 21, and all stores will be closed by the end…
Leaving a 16-year legacy of delivering door-to-door fundraising for a number of charities behind, HOME Fundraising announced that it was entering voluntary administration.
The agency was forced to call in accountancy firm HW Fisher & Company to handle the administration process, with the administrators actively looking for buyers to take on all parts of the business and its assets.
Joint managing director of HOME, Dominic Will, believed that the reason the business went into administration as due to the rising costs of downscaling the business in order to maintain flexibility in a rapidly evolving marketplace.
He said: Its been an extremely difficult time for fundraising agencies in the recen…
PTI Last Updated:March 8, 2019 |14:03 IST
