Insolvency Guardian Media Centre
NEW YORK–(BUSINESS WIRE)–Aegean Marine Petroleum Network Inc. (NYSE:ANW) (Aegean or the
Company) announced that the U.S. Bankruptcy Court for the Southern
District of New York (the Court) has approved its revised final motion
related to $535 million in aggregate Debtor-in-Possession financing (the
DIP Facility) from Mercuria Energy Group Limited (Mercuria), one of
the worlds largest independent energy and commodity companies. The
Court also approved the Companys Restructuring Support Agreement (the
RSA) with Mercuria, the Official Committee of Unsecured Creditors of
Aegean, American Express Travel Related Services Company, Inc., and
certain holders of the Companys …
Read the full article at: https://www.businesswire.com/news/home/20190116005350/en/Aegean-Marine-Petroleum-Network-Achieves-Significant-Milestones
This report by Research For Market brings to you all the vital company profiles needed to be in the competition for the Credit Settlement Market . With the help of SWOT analysis, the report tells you about all the market restrain and drivers to be followed in the forecast period of 2018-2023 while explaining the Data Centre Market definition, classifications, applications, and engagements and providing all the figures of CAGR levels in the historic year 2016, base year 2017 and forecast year 2018-2023.
Credit Settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. According to this study, over the next five years the Credit Settlement marke…
Read the full article at: https://www.journaldairy.com/credit-settlement-market-top-companies-profiled-are-guardian-debt-relief-debt-dr-premier-debt-help-freedom-debt-relief-national-debt-relief-llc-rescue-one-financial-061657/
An insolvency court in Mumbai has ordered the liquidation of Bharati Defence and Infrastructure Ltd, after rejecting the resolution plan submitted by Edelweiss Asset Reconstruction Co Ltd, leaving two dozen defence vessels stranded and a clutch of lenders standing to lose as much as 11,373.40 crore the debt-laden shipbuilder owes them.
More than 850 employees would lose their jobs in what was once Indias second biggest private shipyard with a much sought-after license from the government to build warships.
Uncertainties and speculation
By throwing out the resolution plan, the Mumbai bench of the National Company Law Tribunal(NCLT), has foiled the game plan of Edelweiss ARC, said a person tracking the case.
The resolution plan was backed by…
Read the full article at: https://www.thehindubusinessline.com/companies/nclt-orders-liquidation-of-bharati-shipyard/article26000863.ece
The Philippine business community was rocked on Jan. 8 by the announcement of the bankruptcy of Hanjin Heavy Industries and Construction Philippines the Korean shipbuilding company based in the country.
The biggest corporate bankruptcy. This is the biggest corporate bankruptcy to ever hit the Philippines. Hanjin is the biggest foreign investor in the Subic Bay Freeport Zone.
According to news reports, the firm has sought, in a court filing before the regional court in Subic, voluntary rehabilitation under Republic Act 10142. This law, only recently passed in 2010, provides the appropriate mechanisms for the rehabilitation or liquidation of financially distressed companies.
Hanjin Philippines has become financ…
Read the full article at: https://www.philstar.com/business/2019/01/16/1885352/hanjin-philippines-shipbuilding-bankruptcy
(Reuters) – Pearson Plc (PSON.L) said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.
FILE PHOTO: The company logo is displayed outside the Pearson offices in London, Britain August 4, 2017. REUTERS/Neil Hall/File Photo
The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have moved away from new textbooks for second-hand copies and digital learning materials.
After a few tumultuous years, Pearson had pinned its restructuring hopes on the business, calling it last year the single biggest opportunity to gain share through its digital transformation. …
Read the full article at: https://www.reuters.com/article/us-pearson-outlook/pearson-shares-down-as-core-us-business-revenue-stumbles-idUSKCN1PA187
(Reuters) – Pearson Plc <PSON.L> said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.
The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have moved away from new textbooks for second-hand copies and digital learning materials.
After a few tumultuous years, Pearson had pinned its restructuring hopes on the business, calling it last year the “single biggest opportunity” to gain share through its digital transformation.
But now, Pearson forecast U.S. HECW revenue, which accounts for less than 25 percent of total company revenue, to be flat to down as m…
Read the full article at: https://www.euronews.com/2019/01/16/pearson-sees-cost-cuts-bearing-fruit-as-digital-push-advances
A Birmingham-based debt advisory firm has been bought out by personal insolvency provider Creditfix.
B2C Finance, which trades as Back2Credit, is based near Sutton Coldfield.
Glasgow-based Creditfix, which specialises in helping people manage personal debt, said the undisclosed deal would help it create 20 new jobs.
Chief executive Paul Mason said: “We know it can be difficult to discuss your debt problems with anyone, even loved ones, but recently we have seen a significant increase in the number of people looking for help.
“While we have been able to support over many thousands of people from our offices in Glasgow and Manchester, there are still more who need help in every corner of the UK.
“This acquisition is a great opp…
Read the full article at: https://www.birminghampost.co.uk/business/finance/buyout-deal-birmingham-debt-firm-15678970
Maines legislative committees will begin meetings with more than 2,000 bills to review. Many of this sessions bills seek to support students and relieve some of the burden of student loan debt by providing tax credits, repayment, or refinancing assistance.
Building a bridge from our graduates to our workforce will ensure a strong future for Maine. Economic development may stall without a robust student debt relief package that will encourage graduates to stay and work here.
The November 2018 voter approval of Questions 4 and 5 demonstrated Mainers understanding of the importance of attracting and retaining workers to strengthen Maines economy. These two bond issues focus on improving and modernizing the facilities of Mai…
Read the full article at: https://bangordailynews.com/2019/01/15/opinion/contributors/maine-lawmakers-must-again-consider-student-debt-relief/
Menswear chain Ed Harry has been placed into voluntary administration following a particularly tough Christmas sales period.
KPMGs Brendan Richards and Gayle Dickerson were appointed voluntary administrators of the business on Tuesday and will immediately embark on a clearance sale of existing merchandise.
Its understood all 87 stores across Australia will operate as normal while administrators explore all possible options, including a trade sale.
ARTICLE CONTINUES AFTER THIS ADVERTISEMENT
Like many other Australian retailers, after a strong period of growth, it [Ed Harry] has faced a challenging environment over the past 12 months and a particularly tough Christmas sales period,KPMG partner Brendan Richards said.
It has also become c…
Read the full article at: http://www.mygc.com.au/menswear-retailer-ed-harry-placed-into-voluntary-administration/
The Lanco Infratech counsel made a similar point as part of argument during the hearings to determine whether the corporate debtor should be admitted for proceedings under IBC.By Mitali Salian
Lanco Infratech, the flagship company of the Lanco Group and once among the larger private players in the field of power and infrastructure engineering, procurement and construction (EPC), was posted for liquidation by the Hyderabad bench of the National Company Law Tribunal (NCLT) on August 27 last year, a little over a year after the corporate insolvency resolution process (CIRP) was initiated on an application by IDBI Bank. However, the liquidation of Lanco Infratech would come as no surprise to anyone who has been tracking the fate of EPC compan…
Read the full article at: https://www.financialexpress.com/industry/lanco-infratech-liquidation-bankrupt-epc-firms-under-ibc-feel-heat/1444931/
A long queue of people waiting to get into Yaohan Katong on the second day of its opening on Aug 28, 1977. The Japanese department store company opened at Plaza Singapura in 1974. In 1997, its parent company in Japan was declared insolvent.
Photonico is a website offering high-quality stock photos that celebrate Asian contemporary culture and heritage.
It is a platform that showcases the thousands of editorial and stock photos that our staff and contributing photographers shoot. These photos can be purchased for personal and commercial use at an affordable price.
To contribute photos, get in touch with us at [email protected]
SEARCH/BUY/USE
1 SEARCH more than 12,000 images available for individual, editorial an…
Read the full article at: https://www.straitstimes.com/singapore/fading-fortunes
Gymboree is expected to close all of its remaining stores, including 13 in metro Atlanta, as part of a new bankruptcy filing, according to media reports.
READ | All metro Atlanta Pollo Tropical locations have closed
The company previously declared bankruptcy in 2017, closing 450 stores, including locations in Atlanta, Kennesaw and Duluth. The metro Atlanta locations now believed to be on the chopping block are:
Recommended for you
Recommended for you
Recommended for you
Lenox Square, 3393 Peachtree Rd. NE, No. 4060, Atlanta
Perimeter Mall, 4400 Ashford-Dunwood Rd, Space 1610, Atlanta
The Avenue East Cobb, 4475 Roswell Rd., Suite…
Read the full article at: https://www.ajc.com/news/local/gymboree-expected-close-all-metro-atlanta-stores-file-for-bankruptcy/lyckUHtWD1xvBMno1LZv8O/