Sasha deBretton Perths self-styled queen of rich-list renovations has placed her group of companies, including the flagship Million Dollar Makeovers, into liquidation.
As of the first week of this month, three of Ms deBrettons firms were in the hands of liquidators Cameron Shaw and Brent Kijurina, working for accountants Hall Chadwick.
In contrast to Ms deBrettons high-profile, high-priced presence around Perth real estate, the demise of her companies has been kept quiet, with generic Australian Securities and Investments Commission notices the only public pronouncement.
The Million Dollar Make-overs website was still up this week, inviting bookings for consultations to exclusive properties to gold, platinum or diamond lifestyle standards…
During the insolvency proceedings, the debt-laden company’s resolution professional, Dhaivat Anjaria, had submitted Vedanta’s resolution plan before the bench for final disposal after lenders declared it as “successful resolution applicant”.
“The approved (by Committee of Creditors) resolution plan shall come into force with immediate effect,” the order said.
Vedanta informed stock exchanges that it was declared “successful resolution applicant” under the Corporate Insolvency Resolution Process …
DES MOINES, Iowa Documents filed with Iowa Workforce Development signal a closing of seven Younkers stores in the state.
The action lends more credibility to a Reuters report that the stores parent company, Bon-Ton, is being bid on by two liquidation firms during its bankruptcy auction.
The company is saddled with debt and struggling with weak sales, including this past holiday season. That led Bon-Ton to file for Chapter 11 bankruptcy back in February.
The closures would leave 635 employees without jobs. Iowa Workforce Dev…
Read the full article at: http://whotv.com/2018/04/17/iowa-younkers-stores-to-close-parent-company-headed-for-liquidation/
Argentinas company-debt drought may soon be ending.
Telecom Argentina SA plans to sell as much as $1 billion of debt in the coming weeks, while gas pipeline operator Transportadora de Gas del Sur SA is looking to sell as much as $500 million of notes. Both companies are expected to issue before May 15, according to people with knowledge of the matter.
Banco de Inversion y Comercio Exterior SA, is also looking to sell $400 million of bonds. In the second half of the year, Transportadora de Gas del Norte SA may seek to sell bonds as long as a new project is awarded to it, according to an official at the company.
Argentine companies have been sitting out the U.S. dollar bond market since January, when a flood …
Read the full article at: https://www.bloomberg.com/news/articles/2018-04-17/argentine-companies-are-seen-coming-back-to-global-debt-markets
Fladgate LLP has advised Alyssum Group Ltd and its principal subsidiary Fly Victor Ltd on its corporate restructuring.
Victor is a leading on-demand B2C jet charter platform driving disruption across the private aviation industry. Launched in 2011, the companys B2C offering rewrote the jet charter rulebook with a fully-transparent, subscription-free, globally on-demand marketplace allowing members to swiftly check pricing options and aircraft specifics before booking the flights they need.
The formation of Alyssum Group is the beginning of a significant, long-term initiative with backing from key strategic players in the aviation industry. Led by Clive Jackson, who entered the private jet charter market with Victor in 2011, the gr…
Read the full article at: https://www.globallegalchronicle.com/fly-victor-ltds-corporate-restructuring/
Vedantas bid to acquire the bankrupt Electrosteel Steels received the final nod from the Kolkata Bench of the National Company Law Tribunal (NCLT) on Tuesday.
The Division Bench comprising Justice Jinan KR and Justice Madan Balachandra Gosavi, in its order on Tuesday, said that the approved resolution plan (RP) shall come into force with immediate effect.
Electrosteel is among the first 12 large corporate accounts identified by the Reserve Bank of India for resolution under corporate insolvency resolution process.
By approving Vedantas resolution plan, the Division Bench comprising Justice Jinan KR and Justice Madan Balachandra Gosavi dismissed the rival bidder Renaissance Steel Indias allegation that the company was not an eligible bidde…
Read the full article at: https://www.thehindubusinessline.com/companies/nclt-kolkata-bench-approves-vedantas-bid-to-acquire-electrosteel-steels/article23573520.ece
EMERYVILLE, Calif., April 17, 2018 /PRNewswire/ — Debt is often considered a bad word, often in personal finances. However, debt can help the economy grow. For example, car loans put money into the car industry, which benefits all the workers in the auto supply chain. Credit card purchases keep food, travel and retail industries going. Student loans can boost earning potentials of borrowers, which can translate to higher taxes paid and more consumer spending. American Financial Benefits Center (AFBC), a document preparation company that helps its clients with application paperwork to remain in federal repayment plans, reminds borrowers that even though debt can help the economy, …
Read the full article at: https://www.prnewswire.com/news-releases/american-financial-benefits-center-on-the-benefits-of-debt-on-the-economy-and-idrs-on-federal-student-loan-borrowers-300630957.html
The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday approved Vedanta Ltd’s resolution plan for the insolvent Electrosteel Steels Ltd.
During the insolvency proceedings, the debt-laden company’s resolution professional had submitted Vedanta’s resolution plan before the bench for final disposal after lenders declared it as “successful resolution applicant”.
“The approved (by Committee of Creditors) resolution plan shall come into force with immediate effect,” the order said.
Vedanta informed stock exchanges that it was declared “successful resolution applicant” under the insolvency process and had received the Letter of Intent. The company also said…
Read the full article at: http://www.business-standard.com/article/companies/nclt-approves-vedanta-s-resolution-plan-for-insolvent-electrosteel-118041700735_1.html
