Austin, TX-based independent energy company has entered a restructuring agreement with plans to officially file for bankruptcy later this month.

U.S. independent Jones Energy, Inc. entered into a restructuring support agreement (RSA) on Tuesday, the company announced.

The RSA contemplates a comprehensive balance sheet restructuring that will be implemented through a prepackaged Chapter 11 plan of reorganization, the company said in a statement.

The restructuring plan will allow for Jones Energy…

Read the full article at: https://www.rigzone.com/news/jones_energy_files_for_chapter_11_bankruptcy-04-apr-2019-158527-article/

I wonder if I could ask you to change my diaper?

The senior citizen home staff member to whom that plaintive request was addressed did not reply. He lowered his eyes. The elderly resident who had approached him sighed and withdrew. He might have insisted, but thought better of it. When the home, located in Oiso, Kanagawa Prefecture, declared bankruptcy last December, hed feared the worst. It would close down; hed be on the street with nowhere to go. Relieved to be spared that fate when another operator took over the facility, he resigned himself to a decline in service. Staff had to be cut, money saved, individual attention curtailed.

Bankruptcy besets the care industry, reports Shukan Gendai (April 13). Beware, it warns cur…

Read the full article at: https://japantoday.com/category/features/kuchikomi/what-happens-to-residents-when-an-old-age-home-goes-bankrupt

The Star Gold Coast in Queensland is suing Singaporean high roller Dr Wong Yew Choy for gambling debts amounting to a staggering $43 million.

Star Gold Coast

Casinos can rake in a lot of profit from high-stakes gamblers. In Australia, many of the casinos benefit greatly from high rollers. These whales travel from various countries in Asia to gamble their millions at the high-stakes blackjack and baccarat tables.

No casino executive wants to make enemies out of a high roller. But sometimes, such a business decision is necessary. Such is the case for The Star Entertainment Group, operator of The Star Gold Coast in Broadbeach, Queensland. It was Queenslands first casino when it opened in 1988, and in 2006 upgraded with a $53 …

Read the full article at: https://www.casinoaus.com/star-gold-coast-sues-high-roller-43m-gambling-debt/

• Hyundai Introduces Industry-First Incentive to Help Customers Pay Down Their Student Loans by Contributing Up to $900 Toward Their Student Loan Debt
• Student Assurance Initially Available from April 1 September 30 in California and Phoenix, Arizona Dealerships
• Student Assurance is a Result of the Better Idea Generator, Hyundais Internal Innovation Contest

FOUNTAIN VALLEY, Calif., April 2, 2019 In building on its brand promise to make things better for customers, Hyundai introducesStudent Assurance, an industry-first incentive for customers with student loan debt. Student Assurance will help eligible customers free themselves of student loan debt faster by providing a contribution of up to $900 directly toward their student loan with a …

Read the full article at: https://www.motor1.com/news/317525/hyundai-pay-off-student-loan/

Citizens Advice has reported a sharp rise in people seeking help with bailiff-related issues as vulnerable consumers are targeted by increasingly aggressive debt collection methods.

The number of reported problems with bailiffs exceeded 103,000 in the 12 months to March 31 this year a 16 per cent increase on the previous year which Citizens Advice said was driven by a rise in bailiffs not following the rules around rights of entry.

Nearly one in six of the incidents involved bailiffs threatening to break in, or unlawfully doing so, the charity said, a rise of 13 per cent on the previous year.

Other issues the charity said it regularly encountered included bailiffs charging excessive fees and refusing to set up affordable repay…

Read the full article at: https://www.ft.com/content/2ebd6ef2-5603-11e9-91f9-b6515a54c5b1

(Bloomberg) — A series of bankruptcy filings by major private-sector bond issuers in Chinas third-wealthiest province is shining a spotlight on aggressive efforts by local governments to manage unsustainable debt loads.

Four debtors have entered bankruptcy procedures since the start of November in Dongying, a city of 2 million in the eastern province of Shandong that once thrived with a booming tire-making industry. While China sees thousands of bankruptcies each year, instances of court-led restructuring of publicly issued bonds have been rare. Authorities in other cases have encouraged workouts with creditors, raising questions about the Dongying examples.

Shandong SNTON Group Co., an iron-wire maker, entered bankruptcy last month.China…

Read the full article at: https://ca.finance.yahoo.com/news/bankruptcy-run-third-richest-china-213000180.html

The insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has summarised the Supreme Courts landmark judgment that struck down the RBIs February 12 circular last year on stressed assets, raising awareness on how the apex court has dealt with the issues concerned.

The analysis brings to the fore that, on various counts as held by the apex court, the circular is ultra vires and how the constitutionality of Section 35AA and 35AB of the Banking Regulation Act 1949 has been upheld.

The IBBI has, in its website, published an analysis of the SCruling on the fate of this circular in Dharani Sugars and Chemicals Ltd vs Union of India and others.

The analysis shows that the apex court has upheld the Banking Regulation (Amendment) Act …

Read the full article at: https://www.thehindubusinessline.com/news/ibbis-reading-of-sc-move-to-strike-down-rbi-circular-on-stressed-assets/article26725459.ece

AUSTIN, Texas, April 03, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that, after engaging in extensive, arms-length, good-faith negotiations, it and holders of approximately 84% in principal of the First Lien Notes and approximately 84% in principal of the Unsecured Notes entered into a restructuring support agreement (theRSA) on April 2, 2019 that contemplates a comprehensive balance sheet restructuring to be implemented through a prepackaged chapter 11 plan of reorganization¹ (the Plan). The Plan will fully equitize the Companys outstanding funded debt and include fully committed exit financing, strengthening its balance sheet and enhancing financial flexibility going forwar…

Read the full article at: https://globenewswire.com/news-release/2019/04/03/1796664/0/en/Jones-Energy-Inc-Announces-Comprehensive-Restructuring-Support-Agreement-with-First-Lien-and-Unsecured-Noteholders-for-Prepackaged-Chapter-11-Plan.html

Piper Alderman has attracted an insolvency and reconstruction expert in Melbourne.

The national firm has welcomed Louise Thompson as special counsel, adding more than 15 years experience acting for a wide range of insolvency practitioners to the firm. She joins insolvency and reconstruction partners Michael Lheude and Joanne Hardwick in the Victorian capital.

The appointment comes after the firm added partners Judd Last in Brisbane and Martin del Gallego in Sydney.

Thompson made the move from Colin Biggers & Paisley, where she was most recently special counsel. She was also previously with legacy TressCox Lawyers in Melbourne, Buddle Findlay in Christchurch, and legacy Deacons in Melbourne.

She regul…

Read the full article at: https://www.australasianlawyer.com.au/news/insolvency-and-reconstruction-expert-moves-firms-261874.aspx

Trade union Prospect has hit out at BTs drawn out plans to cut 13,000 staff as part of a restructuring plans to cut 1.5 billion a year from the spreadsheets.

Holding an open ballot to measure the reception of BTs People Framework, the proposed organizational structure following the restructure, BT employees represented by Prospect have overwhelmingly rejected the proposal. 96.3% voted against the proposal.

While former CEO Gavin Patterson spent years forking out cash on various schemes, including rights for English Premier League and European Champions League football, his last actions were at the polar opposite end of the scale.

Announced in May 2018, the wide-ranging restructuring plan was to create a new BT business, one which is des…

Read the full article at: http://telecoms.com/496750/trade-union-slams-bt-restructuring-plans/

Xiaomi is one of the few manufacturers with its own in-house semiconductor business. The wholly-owned Songguo Electronics is best known for its Surge S1 chip which powers the Mi 5C. Latest reports say Xiaomi has restructured the business and has even formed another company too.

According to an internal memo, the restructuring has led to some of the teams splitting up to set up a new company called Nanjing Big Fish Semiconductor. Xiaomi is said to have a 25% stake in the new company while the teams that formed the business own 75%. Nanjing will focus on research and development of AI and IoT chips and solutions while Songguo will continue to develop mobile phone SoC chips and AI chips.

READ MORE:Xiaomis Lei Jun promises MIUI revamp; wil…