Insolvency Guardian Media Centre

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.
The MABS service in Thurles has recently moved offices to 2nd Floor, Mall House, Slievenamon Road, Thurles (over Centra). This
The year ahead does not look promising for those who feel financially stressed. Economic growth seems to be slowing, as
Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) filed
Reported Q3 revenues of $928.4 million, down 8.0% compared to prior year; constant currency decline1 of 5.9%Q3 2018 GAAP EPS
Go back a few years and pundits were heralding a coming-of-age for Perth, with the arrival of sophisticated coastal establishments
Sears Holding Corp is beginning preparations for the possibility of liquidating the company, as reported by Bloomberg News. Eddie Lampert
Cleaning Up on ITV was written by newcomer Mark Marlow and directed by Broadchurch and Humans director, Lewis Arnold. Cleaning
(iStock) (Elena Elisseeva/iStock) By Michele Lerner July 31, 2018 Theres good news for wannabe first-time Maryland home buyers who are
KOLKATA: National Company Law Tribunal (NCLT), New Delhi has approved the resolution plan submitted by JSW Steel as approved by
The director of the collapsed flight booking service Bestjet has told a meeting of the companys creditors that he was
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (GPM)reminds investors of the March 4, 2019deadline to file a lead plaintiff motion
Within the past few weeks, agriculture has seen some major wins in Washington. The 2018 Farm Bill was passed in

The MABS service in Thurles has recently moved offices to 2nd Floor, Mall House, Slievenamon Road, Thurles (over Centra). This move also co incides with North Tipperary MABS forming part of the new restructured North Munster MABS (together with another five services) with effect from 1st Oct. last.
MABS the states Money Advice and Budgeting Service is a free, independent, confidential and non judgmental service for people who are in debt or at risk of becoming indebted. The North Tipperary MABS local service opened in Thurles in 1995 and soon after extended to open an office in Nenagh. In both offices, trained professional staff are available to assist people deal with a myriad of indebtedness issues and at all time…

Read the full article at: https://www.tipperarylive.ie/news/thurles/345560/thurles-mabs-team-have-moved-to-a-new-office-on-slievenamon-road.html

The year ahead does not look promising for those who feel financially stressed.

Economic growth seems to be slowing, as are wage gains. The stock market is in a foul mood, and fast-rising house prices are no longer a given. We know from countless polls and surveys that people are feeling a lot of stress about money. For ideas on how to reduce anxiety levels, I consulted the financial planners, investment advisers and personal finance experts in my LinkedIn network.

The question I asked was this: Whats the best thing someone can do about their finances in 2019 to reduce their anxiety level? Heres a lightly edited selection from among the 100-plus responses.

Story continues below advertisement

Julia Chung, who holds the certifi…

Read the full article at: https://www.theglobeandmail.com/investing/personal-finance/article-these-are-the-top-things-you-should-do-in-2019-to-reduce-your-stress/

Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1934 between February 2, 2016 and December 5, 2018. Yangtze River Port and Logistics primarily engages in the business of real estate and infrastructural development and operating a port logistics center in China.

View this information on the law firms Shareholder Rights Blog: https://www.robbinsarroyo.com/yangtze-river-port-and-logistics-limited/

Yangtze Accused of Fabricating Data

According to the complaint, on December 6, 2018, Hindenburg Research published a report, stating that evidence shows…

Read the full article at: https://www.globalbankingandfinance.com/robbins-arroyo-llp-yangtze-river-port-and-logistics-limited-yriv-misled-shareholders-according-to-a-recently-filed-class-action/

  • Reported Q3 revenues of $928.4 million, down 8.0% compared to prior year; constant currency decline1 of 5.9%
  • Q3 2018 GAAP EPS of $0.13 vs. $0.39 in Q3 2017. Q3 2018 Non-GAAP EPS of $0.38 compared with Non-GAAP EPS of $0.70 in Q3 2017
  • The Company updated 2018 guidance and now anticipates 2018 Non-GAAP adjusted EPS at or slightly below the low end of the previous guidance range of $2.00 to $2.152
  • Restructuring expected to result in $200-$225 million of net annual cost savings by 2021 and to result in one-time expenditures and charges of approximately $275 million

YORK, Pa., Nov. 08, 2018 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (Dentsply Sirona) (Nasdaq: XRAY), the Dental Solutions Company, today announced its financial results for the thr…

Read the full article at: https://globenewswire.com/news-release/2018/11/08/1648574/0/en/Dentsply-Sirona-Reports-Third-Quarter-2018-Results-Announces-Restructuring-Plan-to-Drive-Value-Creation.html

Go back a few years and pundits were heralding a coming-of-age for Perth, with the arrival of sophisticated coastal establishments that would spell the end for the humble beer barn by the beach.

Cut-price jugs of bog-standard beer were replaced by $14 schooners of craft concoctions.

Those swanky joints may have established a beachhead initially, but its clear now the class war between the chic and the cheap has been won by the latter.

The iconic Perth restaurants that have closed their doors

The Breakwater tavern to slash price of booze, food

One only has to look at Matisse Beach Club in Scarborough for proof. It offered expensive fare in luxurious surrounds, and went into voluntary administration in 2017.

After a marked-down makeover by Dav…

Read the full article at: https://thewest.com.au/opinion/ben-oshea/big-cheers-to-lower-pub-prices-in-perth-ng-b881069421z

Sears Holding Corp is beginning preparations for the possibility of liquidating the company, as reported by Bloomberg News. Eddie Lampert , Chairman of Sears, had made a $4.4 billion offer to purchase several hundred of its stores out of bankruptcy but the deal fell through, when they could not meet the bankers qualifications. If accepted, his offer would have kept 425 stores open, and saved 50,000 jobs. On Friday January 4th, Sears representatives called liquidation firms and other financial advisers to an emergency meeting. The company, headquartered in Hoffman Estates, Illinois, is bracing itself for the probability of liquidation sales as early as mid-January.

Sears Holding is the father company of Kmart, as of 2005, as well as seve…

Read the full article at: http://thejewishvoice.com/2019/01/09/sears-braces-for-possible-liquidation/

Cleaning Up on ITV was written by newcomer Mark Marlow and directed by Broadchurch and Humans director, Lewis Arnold. Cleaning Up tells the story of Sam (played by Sheridan Smith), a mother of two who is in heavy debt and works as a cleaner in Londons Canary Wharf on a zero hour contract. Not only that, she also has a gambling addiction and finds herself getting sucked into the world of illegal insider trading. The show addresses issues of gambling, relationships, class division and corporate crime.

Is Cleaning Up based on a true story?

No, Cleaning Up on ITV is not based on a true story.

Cleaning Up sees Sam and her friend Jess (Jade Anouka) who are both overnight cleaners in London Canary Wharf, get involved in insider trading.

They hear a…

Read the full article at: https://www.express.co.uk/showbiz/tv-radio/1069457/Cleaning-Up-ITV-series-is-Cleaning-Up-based-on-a-true-story-Sam-gambling


Theres good news for wannabe first-time Maryland home buyers who are struggling to make a down payment because of the high amount they owe on student loans: A new program will let them wrap their student loans into a mortgage.

The Maryland SmartBuy program, which started in late 2016, has helped home buyers retire $1 million in student debt, according to the Maryland Department of Housing and Community Development. Maryland SmartBuy had been restricted to buyers purchasing a foreclosed home that was owned and rehabilitated by the state. But starting this month, SmartBuy 2.0 will waive that requirement.

Read the full article at: https://www.washingtonpost.com/business/2018/07/31/new-program-helps-turn-those-with-high-student-loan-debt-into-homeowners/

KOLKATA: National Company Law Tribunal (NCLT), New Delhi has approved the resolution plan submitted by JSW Steel as approved by the Committee of Creditors of Vardhman Industries Limited (VIL), which has been undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, according to a notification by JSW Steel to the BSE on Thursday.

Vardhman Industries Ltd. is a manufacturer and wholesale supplier and exporters of a wide range of galvanized tubes, coils, precision steel tubes, galvanized steel pipes, steel square tube, galvanized sheets, corrugated steel tubes, cold rolled steel sheets.

As per the terms of approved resolution plan, JSW Steel shall, infuse its commitment of Rs 63.5 crore in VIL through…

Read the full article at: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-delhi-okays-resolution-plan-submitted-by-jsw-steel/articleshow/67195517.cms

The director of the collapsed flight booking service Bestjet has told a meeting of the companys creditors that he was forced to go into voluntary administration after he did not receive a promised $3.2m payment from the companys former owners.

Last week Guardian Australia reported the Queensland-based budget airfare company Bestjet had gone into voluntary administration just days before Christmas.

Its collapse left travellers who booked flights through the company thousands of dollars out of pocket and desperate for answers.

According to the minutes of a creditors meeting held last week, Bestjet owes about $7.28m to about 2,300 unsecured creditors.

The companys administrators, Pilot Partners, told the meeting they were receiving about …

Read the full article at: https://www.theguardian.com/business/2019/jan/10/bestjet-director-claims-collapse-caused-by-32m-payment-that-did-not-materialise

LOS ANGELES–()–Glancy
Prongay & Murray LLP
(GPM)reminds investors of the March
4, 2019
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased Yangtze River Port
and Logistics Limited (Yangtze River or the Company) (NASDAQ:YRIV)
securities between February 2, 2016 and December 5, 2018,
inclusive (the ‘Class Period’). Yangtze River investors have untilMarch
4, 2019
to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, clickhere
to participate.

OnDecember 6, 2018, Hindenburg Research published a report describing
the Company as a scheme run by its …

Read the full article at: https://www.businesswire.com/news/home/20190108006108/en/Glancy-Prongay-Murray-LLP-Reminds-Investors-Deadline

Within the past few weeks, agriculture has seen some major wins in Washington. The 2018 Farm Bill was passed in the House and Senate, and has now been signed by President Trump. Prior to that, a trade agreement had been arranged between the U.S., Canada, and Mexico just in time for harvest when farmers are looking for a market to sell their product.

One of the major wins for Americas farmers and ranchers has proved to be quite controversial, particularly in the Chesapeake Bay region. The Environmental Protection Agency (EPA) recently proposed a new Clean Water rule, which would rescind the 2015 waters of the U.S. (WOTUS) rule under the Clea…

Read the full article at: https://www.stardem.com/spotlight/maryland-farmers-still-committed-to-protecting-the-bay/article_15580a1f-36e4-531d-a31a-a05db6abd6af.html