Insolvency Guardian Media Centre
A Belfast man who owed the bank millions as a result of the property crash appeared in court for a case cited by a judge as a “modern day tragedy”.
Alan Jones was ordered to serve 120 hours community service after admitting a series of b…
Read the full article at: https://www.belfasttelegraph.co.uk/news/northern-ireland/bankrupt-property-tycoon-avoids-jail-for-20k-benefits-fraud-36462198.html
St. George and MinneapolisApogee Enterprises, Inc., which provides distinctive solutions for enclosing commercial buildings and framing art, announced Friday details of the planned restructuring referenced in its December 21, 2017, third-quarter earnings release.
As part of our initiatives to diversify and strengthen our business for more stable performance in any economic cycle, Apogee is making significant investments in our Viracon architectural glass business for new capabilities, automation and improved productivity that are yielding increased capacity. It is now apparent that we no longer require the capacity from our smallest domestic architectural glass plant in St. George, and we will be closing that facility in March, sai…
Read the full article at: https://utahbusiness.com/apogee-announces-architectural-glass-restructuring-will-close-st-george-facility/
Friday was Twelfth Night (unless you subscribe to the idea its on 6 January), when we traditionally take down Christmas decorations. But while the baubles and lights may be back in the box, for many people their festive (over)spending will continue to cast a long shadow over their household finances for weeks, or even months, to come.
An estimated 7.9 million people are expecting to fall behind with their finances this month as a result of Christmas costs, according to research published this week by National Debtline, run by the Money Advice Trust.
January is, of course, the month when the credit card bills land. Still to come is Blue Monday on 15 January said to be the most depressing day of the year.
But Britons have long been p…
Read the full article at: https://www.theguardian.com/money/2018/jan/06/personal-debt-credit-card-overdraft-loans
INDEPENDENT music and film retailer Head Records has closed its store in Belfast’s Castlecourt shopping centre, which has been operating for six years.
Customers who turned up at the record shop were greeted yesterday with an empty store.
It is understood staff were told on Thursday that they were being made redundant as the company has gone into liquidation.
The chain’s other stores at Leamington Spa and Cardiff, as well as its outlet at Liffey Valley in Dublin, are also closing.
No-one from the company was available for comment yesterday, and calls to its main phone line went unanswered.
Head Records – which operated under the slogan ‘we’re independent and proud’ – had operated in Castlecourt since late 2010.
The store had co…
Read the full article at: https://www.irishnews.com/business/2018/01/06/news/head-shuts-record-store-in-belfast-as-company-goes-into-liquidation-1225995/
Christine Feehan is a #1 New York Times bestselling author multiple times, having written over 40 published novels, including five series: Leopard Series, Dark Series, Ghostwalker Series, Drake Sisters Series, and the Sisters of the Heart Series. Now she is starting up her sixth series, Torpedo Ink. Judgment Road, the first in the series, tells the story of Reaper, an enforcer for the Torpedo Ink motorcycle club. Hes a stone-cold killer who turns his wrath on those who deserve it. But things get complicated when he meets a gorgeous bartender named Anya.
We have the exclusive book trailer and first chapter for the new paranormal romance novel that is available now for pre-order. It will be released on January 23rd.
You can find out more abo…
Read the full article at: https://www.bleedingcool.com/2018/01/05/first-look-christine-feehan-judgment-road/
1: Tracking the trackers
It is hard to imagine there was a time when a man could stand up on a bus even a man in an ad and admit to not knowing what a tracker was. Over the past 10 years everyone has learned what a tracker is, not least because the mortgages have been at the centre of the worst consumer rip-off in the history of the State, according to Fianna Fáil finance spokesman Michael McGrath.
In the immediate aftermath of the crash, a tracker mortgage scandal saw 30,000 homeowners wrongly forced off the discounted loans by unscrupulous banks op…
Read the full article at: https://www.irishtimes.com/news/consumer/10-ways-irish-consumer-behaviour-has-changed-since-2008-1.3335143
Macau casinos won $33 billion last year, a 19.1 percent increase on 2016 and the enclaves first annual gain since 2013. With the millions of visitors that venture to Chinas special gaming zone each year, the risk of both terrorism and organized crime is an ever-present and paramount concern.
Macau casinos enjoyed a prosperous 2017. For their good fortunes to progress, guests will need to continue feeling safe. (Image: Ted Aljibe/Getty)
A new study from Steve Vickers and Associates, a Hong Kong risk mitigation, corporate intelligence, and security firm, finds that the regions largest buildings and casino resorts remain vulnerable to terrorism and triads.
Writing in its 2018 Asia Risk Assessment, Vickers states, The involvement of triad socie…
Read the full article at: https://www.casino.org/news/security-assessment-finds-macau-casinos-remain-vulnerable-to-terrorism
Most of the counties in Kansas are offering to pay off up to 20 percent (or up to $15,000 over five years) of the student debt of new residents who hold college degrees, according to CNBC. To qualify for the recruitment perk, which the Kansas Department of Commerce is administering to help give a boost to rural areas, applicants must have an employer or county “sponsor” that agrees to match half of the repayment. So far 58 employers are participating. The state has received 3,400 applications, CNBC reports, with one-third coming from out of state.
Read the full article at: https://www.insidehighered.com/quicktakes/2018/01/05/kansas-counties-help-residents-pay-student-debt
CHICAGO, Jan. 5, 2018 /PRNewswire/ — Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services, today announced a restructuring plan to reduce overall costs and improve efficiencies in its operations over the next several months. The expected annual cost savings from the restructuring ranges from $11 million to $13 million.
The primary components of the restructuring include: the elimination of two executive officer roles for a flatter leadership structure; a workforce reduction…
Read the full article at: https://www.prnewswire.com/news-releases/heidrick–struggles-restructuring-to-strengthen-financial-performance-realign-organization-to-enhance-business-growth-300578310.html
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New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today the Company’s Board of Directors has declared a cash liquidating distribution of $2.00 per share to be paid on January 26, 2018 to shareholders of record as of January 19, 2018. The liquidating distribution is being paid from the net proceeds from recent property sales.
Investors should note that the ex-dividend date is set by the NYSE. Under the rules of the NYSE, when a distribution is declared in a per share amount that exceeds 25% of a company’s stock price, the date…
Read the full article at: https://www.streetinsider.com/Corporate News/New York REIT (NYRT) Announces $2.00 Per Share Cash Liquidating Distribution/13660846.html
A former director of the company that ran Clerys department store prior to its controversial liquidation in 2015 has pleaded guilty to a criminal offence under employment law.
Brendan Cooney with an address at Weirview Drive, Stillorgan, Co Dublin was a director of OCS Operations Ltd – the company that ran the retail operation based on Dublin’s O’Connell Street.
This company was separate from the OCS Properties subsidiary, which owned the actual building.
Both companies were purchased by Natrium Ltd on 12 June 2015, which was co-owned by Dublin businesswoman Deirdre Foley and UK company Cheyne Capital Management.
Natrium immediately placed the operating company into liquidation with the loss of 460 jobs.
However, because of this…
Read the full article at: https://www.rte.ie/news/business/2018/0105/931291-fmr-director-of-company-that-ran-clerys-pleads-guilty/
MUMBAI (Reuters) – China Development Bank (CDB), the biggest foreign lender to India’s Reliance Communications Ltd (RCom) <RLCM.NS>, on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency.
A lawyer for CDB told the National Company Law Tribunal that the Chinese bank had filed to withdraw the petition. The tribunal allowed CDB’s plea to go forward.
CDB, which is owed around $2 billion along with two other Chinese banks, had filed the petition in November seeking insolvency proceedings against RCom, saying a large amount of loan principal and interest payments was overdue.
After RCom’s debt-reduction plan, including an asset sale to Reliance Jio Infocomm Ltd [RELIB.UL], was …
Read the full article at: https://au.news.yahoo.com/a/38504534/chinas-cdb-withdraws-insolvency-petition-against-indias-rcom/