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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.
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Offshore sites capturing growing interest of online gamblers – Truro Daily News
Editors Note: The following is the first in a three-part series running today, Wednesday and Thursday on the grey area
New insolvency rule: Liquidation value of company to be kept confidential – Economic Times
NEW DELHI: The liquidation value of a company undergoing insolvency proceedings will be kept confidential, a change that seeks to
Will General Electric’s Restructuring Plan Bear Fruit in 2018? – Market Realist
Will the 2017 Dogs of the Dow Rebound in 2018? PART 3 OF 7 By Peter Barnes  | Jan 2,
Inca Worldwide (OTC-Pink:QEDN) Issues New Year Projections and Business Goals to Shareholders, Followers, and … – GlobeNewswire (press release)
TURBO, ANTIOQUIA, Colombia, Jan. 02, 2018 (GLOBE NEWSWIRE) -- We want to start our New Year Goals explaining our shareholders
Vector Capital Announces Successful Restructuring of Funds II and III and Affiliated Vehicles for Approximately $450 … – Business Wire...
SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it
Millions of Britons start 2018 with huge Christmas debt – The Independent
Millions of Britons are entering 2018 with a Christmas debt hangover after overspending during the festive period, new research has
Inca Worldwide (OTC-Pink:QEDN) Issues New Year Projections and Business Goals to Shareholders, Followers, and … – Nasdaq
TURBO, ANTIOQUIA, Colombia, Jan. 02, 2018 (GLOBE NEWSWIRE) -- We want to start our New Year Goals explaining
Unilife Bankruptcy Liquidation Plan Effective – Bankrupt Company News (press release) (blog)
AdvertisementUnilifes First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter
Parliament passes Insolvency & Bankruptcy Code Amendment Bill – Hindustan Times
Finance minister Arun Jaitley on Tuesday said the government has entered into an unchartered territory as far as bankruptcy and
Parliament passes Insolvency and Bankruptcy Code Amendment Bill – The Hindu
Finance Minister Arun Jaitley on Tuesday said the government has entered into an unchartered territory as far as Insolvency and
Identify willful loan defaulters: Opposition to government – Economic Times
Opposition in the Rajya Sabha today asked the government to identify willful defaulters of bank loans, as Congress leader P
Identify willful loan defaulters: Oppn to govt – Outlook India
New Delhi, Jan 2 Opposition in the Rajya Sabha today asked the government to identify willful defaulters of bank loans,
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Editors Note: The following is the first in a three-part series running today, Wednesday and Thursday on the grey area of offshore online gambling.

Its being called the new crack cocaine of the gambling world, luring those already hooked on games of chance and making addicts of an entirely new generation of players.

Meet online gaming.

Dr. Nick Harris, a psychologist and associate professor of psychology at Memorial University of Newfoundland, has delved into the dark world of online gambling.

Last year, he and Lakehead University professor and psychologist Dr. Dwight Mazmanian published the results of their study, Cognitive Behavioural Group Therapy for Problem Gamblers who Gamble over the Internet: A Cont…

Read the full article at: https://www.trurodaily.com/living/offshore-sites-capturing-growing-interest-of-online-gamblers-173964/

NEW DELHI: The liquidation value of a company undergoing insolvency proceedings will be kept confidential, a change that seeks to maximise the realisation for creditors.The Ministry of Skill Development & Entrepreneurship, which funds the sector skill councils through the National Skill Development Corporation, has told them to ensure that their industry partners provide jobs to people who have been trained and that these numbers must be reflected on the smart portal created for the purpose,

The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations to provide for this confidentiality. “As per the Amendments, it is not necessary to disclose ‘liquidation value’ in the information memorandum,” the governme…

Read the full article at: https://economictimes.indiatimes.com/news/economy/policy/new-insolvency-rule-liquidation-value-of-company-to-be-kept-confidential/articleshow/62342947.cms

Will the 2017 Dogs of the Dow Rebound in 2018? PART 3 OF 7

By Peter Barnes


 |

Jan 2, 2018 10:45 am EST

What ails GE?

General Electric (GE) is a highly diversified, global industrial (XLI) conglomerate. The stock fell more than 40% in 2017, making GEs story far from rewarding in the past couple of years. GE is facing issues ranging from weak earnings from its largest business segment, GE Power, to shrinking cash flows after heavy investments in product development.

Will General Electrics Restructuring Plan Bear Fruit in 2018?

Restructuring plans

Last year, the companys CEO (chief executive officer), Jeffrey Immelt, left a…

Read the full article at: http://marketrealist.com/2018/01/will-ges-restructuring-plan-bear-fruit-2018/

TURBO, ANTIOQUIA, Colombia, Jan. 02, 2018 (GLOBE NEWSWIRE) — We want to start our New Year Goals explaining our shareholders and followers what are our goals for 2018

1- We will focus on doing our audit for 2016 and 2017 to become a fully reporting company on the OTC

2- We will file a form 10 to changing the name from QED Connects to Inca Worldwide and changing the ticker

3- GMS (Green Mine Solutions; Inca Worldwide partner) will filed four more INVIMA permits licenses for:
a- Sacha Milk
b- Sacha Cheese
c- Sacha Arequipe
d- Sacha Bar

4- Start our YouTube channel with new recipes every week
5- Enroll at least 5,000 to 6,000 farmers per year
6- This will provide us enough production for the following sales forecast

https://www.incawor…

Read the full article at: https://globenewswire.com/news-release/2018/01/02/1277097/0/en/Inca-Worldwide-OTC-Pink-QEDN-Issues-New-Year-Projections-and-Business-Goals-to-Shareholders-Followers-and-Inca-Seed-Consumers.html

SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in
transformational investments in established technology businesses, today
announced it has successfully completed a restructuring of Vector
Capital II, L.P., a 1999 vintage fund, Vector Capital III, L.P., a 2005
vintage fund, and affiliated vehicles held by existing LPs
(collectively, the Funds), for approximately $450 million. Goldman
Sachs Asset Managements Vintage Funds and GIC led the transaction, and
collectively, are now the largest LPs in the Funds.

Alex Slusky, Vector Capitals Founder and Chief Investment Officer,
said, We are pleased to be partnering…

Read the full article at: https://www.businesswire.com/news/home/20180102005376/en/Vector-Capital-Announces-Successful-Restructuring-Funds-II

Millions of Britons are entering 2018 with a Christmas debt hangover after overspending during the festive period, new research has revealed.

According to debt advice charity National Debtline, 16 per cent of Britons equivalent to around 7.9 million people – say they are likely to fall behind with their finances in January after spending too much at Christmas.

That is 11 per cent more than this time last year and highlights the growing problem people have with credit card debt over the festive season.

The poll of more than 2,000 British adults found that over half of those questioned said that they had not saved for Christmas before December arrived. Only 14 per cent reported that they had started saving up for th…

Read the full article at: http://www.independent.co.uk/news/business/news/christmas-spending-debts-credit-card-payments-loan-british-people-britons-household-incomes-a8138251.html




TURBO, ANTIOQUIA, Colombia, Jan. 02, 2018 (GLOBE NEWSWIRE) — We want to start our New Year Goals explaining our shareholders and followers what are our goals for 2018

1- We will focus on doing our audit for 2016 and 2017 to become a fully reporting company on the OTC

2- We will file a form 10 to changing the name from QED Connects to Inca Worldwide and changing the ticker

3- GMS (Green Mine Solutions; Inca Worldwide partner) will filed four more INVIMA permits licenses for:
a- Sacha Milk
b- Sacha Cheese
c- Sacha Arequipe
d- Sacha Bar

4- Start our YouTube channel with new recipes every week
5- Enroll at least 5,000 to 6,000 farmers per year
6- This will provide us …

Read the full article at: http://www.nasdaq.com/press-release/inca-worldwide-otcpinkqedn-issues-new-year-projections-and-business-goals-to-shareholders-follower-20180102-00401

AdvertisementUnilifes First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on December 13, 2017.

Advertisement

BankruptcyDatas detailed Plan Summary notes, The Bankruptcy filing and Plan of Liquidation attempt to implement a proce…
Read the full article at: https://bankruptcompanynews.com/unilife-bankruptcy-1-2-18/

Finance minister Arun Jaitley on Tuesday said the government has entered into an unchartered territory as far as bankruptcy and insolvency Code is concerned and would continue to modify the law dealing with the issue.

Insolvency and bankruptcy is an area in which it is only in the recent years that we have chartered into. It is a learning experience, the Minister said while winding up a debate on the Insolvency and Bankruptcy Code Amendment Bill, which was later approved by the Rajya Sabha through a voice vote.

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill was passed by the Lok Sabha last week.

The government, Jaitley said, has been encountering situations which were not anticipated earlier and assured the House that i…

Read the full article at: http://www.hindustantimes.com/business-news/parliament-passes-insolvency-bankruptcy-code-amendment-bill/story-f1niP3zelZ8o1RJA0OIjfJ.html

Finance Minister Arun Jaitley on Tuesday said the government has entered into an unchartered territory as far as Insolvency and Bankruptcy Code is concerned and would continue to modify the law dealing with the issue.

Insolvency and bankruptcy is an area in which it is only in the recent years that we have chartered into. It is a learning experience, the Minister said while winding up a debate on the Insolvency and Bankruptcy Code Amendment Bill, which was later approved by the Rajya Sabha through a voice vote.

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill was passed by the Lok Sabha last week.

The government, Mr. Jaitley said, has been encountering situations which were not anticipated earlier and assured the House…

Read the full article at: http://www.thehindu.com/news/national/parliament-passes-insolvency-and-bankruptcy-code-amendment-bill/article22353026.ece

Opposition in the Rajya Sabha today asked the government to identify willful defaulters of bank loans, as Congress leader P Chidambaram said the ordinance to amend the insolvency and bankruptcy code would benefit foreign companies and entities over Indian firms.

Initiating a debate on the Insolvency and Bankruptcy Code (Amendment) Bill, the former Finance Minister, while supporting the bill, pointed out various clauses which according to him would deter Indian companies from participating in the process.

“I think one should have been a little more rigorous in the exclusion clauses. One should have kept exclusion to a very, very small number which definitely must be excluded. But I am afraid by making the clauses so broad, so…

Read the full article at: https://economictimes.indiatimes.com/news/politics-and-nation/identify-willful-loan-defaulters-opposition-to-government/articleshow/62339298.cms

New Delhi, Jan 2 Opposition in the Rajya Sabha today asked the government to identify willful defaulters of bank loans, as Congress leader P Chidambaram said the ordinance to amend the insolvency and bankruptcy code would benefit foreign companies and entities over Indian firms.

Initiating a debate on the Insolvency and Bankruptcy Code (Amendment) Bill, the former Finance Minister, while supporting the bill, pointed out various clauses which according to him would deter Indian companies from participating in the process.

“I think one should have been a little more rigorous in the exclusion clauses. One should have kept exclusion to a very, very small number which definitely must be excluded. But I am afraid by making the clauses so broad…

Read the full article at: https://www.outlookindia.com/newsscroll/identify-willful-loan-defaulters-oppn-to-govt/1221405

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