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.
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Zebra Technologies Corporation (NASDAQ: ZBRA), the market leader in rugged mobile computers, barcode scanners and barcode printers enhanced
PITTSFIELD Berkshire Community College, with sponsorship from Guardian Life Insurance Company of America, is offering select students micro-grants to help
Coimbatore: Operational hurdles, including that from non-cooperative promoters and staff of company under insolvency process is forcing interim resolution professionals
A Toys
“R” Us store is seen, in Hayes Thomson
Reuters
LONDON (Reuters) – Toys R Us UK is to seek creditor approval for
a restructuring plan involving closing at least 26 of its 105
stores in Britain in 2018, it said on Monday.
The British arm of Toys R Us Inc of the United States which filed
for bankruptcy in September, said it had submitted a Company
Voluntary Arrangement (CVA) plan to its creditors and would seek
their approval in the next 17 days.
Toys R Us UK said that if approved by the creditors the CVA plan
would substantially reduce its rental obligations and allow the
business to move to a new, viable b…
LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–Zebra
Technologies Corporation (NASDAQ: ZBRA), the market leader in rugged
mobile computers, barcode scanners and barcode printers enhanced with
software and services to enable real-time enterprise visibility,
announced that today it has completed the comprehensive plan to
restructure its debt, which was initiated in July 2017.
Today, the company redeemed the remaining $300 million of its 7.25%
senior notes, maturing Oct. 2022 (notice was provided on November 3). On
Aug. 7, the company had redeemed $750 million of these senior notes.
On Dec. 1, the company closed on a new $180 million accounts recei…
PITTSFIELD Berkshire Community College, with sponsorship from Guardian Life Insurance Company of America, is offering select students micro-grants to help them pay their past-due debts and stay on track to graduate.
The program is called the “Guardian Value Scholarship,” which identifies students who are in good academic standing but unable to re-enroll due to college debt.
The scholarship can help reduce or remove a student’s debt to the College which in turn allows them to register for upcoming spring 2018 classes at BCC.
The maximum value of the scholarship is $1,500. If a student owes more than $1,500, they are expected to pay down the remaining balance of their debt before they can register.
A lot of professional Democrats find themselves looking at the deficit implications of the tax bills House and Senate Republicans have endorsed and are wondering to themselves why it is that they bother to pay for any of the programs they create.
As someone who has long been a proponent of caring less about debt, Im glad to see this. But to help get to a relaxed posture about debt, its also worth running down all the many perfectly good reasons legislators have from time to time to pay for programs.
One theory FDR had about the design of Social Security, for example, was that by giving it an insurance-type structure where everybody pays into the fund and then later everybody withdraws from the fund would increase the level of polit…
Coimbatore: Operational hurdles, including that from non-cooperative promoters and staff of company under insolvency process is forcing interim resolution professionals (IRPs) to move National Company Law Tribunal (NCLT).
In a recent case involving ABG Shipyard, Sundaresh Bhat, the IRP, moved the Ahmedabad bench of the NCLT to stop an electricity company from disconnecting power supply to the company’s unit.
Following the IRP’s petition to restrain the electricity company from stopping electric supply, NCLT directed the Dakshin Gujarat Vij Company not to disconnect power supply to ABG Shipyard’s Surat unit during the moratorium period under IBC.
“However, Dakshin Gujarat Vij Company is entitled to make a claim for elec…
Police in an area north of Toronto, Canada are searching for a suspect in the beating of a poker player over a gambling debt.
On Dec. 1, investigators with the York Regional Police released surveillance video of an assault that took place at an illegal gaming den in the town of Richmond Hill. The crime happened on June 9, but police said they have exhausted all leads and are now appealing to the public for assistance to identify the suspect.
When police arrived at the scene of the assault, they found a 28-year-old male victim suffering from serious injuries. He was taken to the hospital for treatment.
Investigators have been able to determine that the victim attended the gaming den and was confronted by the suspe…
The European Stability Mechanism (ESM) has successfully implemented the short-term debt relief measures for Greece over the course of 2017. The package is intended to reduce the interest rate risk on Greeces outstanding loans with the European Financial Stability Facility (EFSF) and ESM. It is expected to substantially reduce the countrys debt burden over the longer term.
The ESM is delivering the package of short-term debt relief measures for Greece that euro area finance ministers endorsed a year ago. This will help the country in its efforts to regain the confidence of markets. Greece must now continue reforming its economy, so that it can successfully exit its third assistance programme by August 2018, said Klaus Regling, the Manag…
Sale signs outside a Toys R Us store in Basingstoke, Hampshire, as the company has put forward plans to close at least 26 U.K. stores, putting up to 800 jobs at risk.
Toys R Us U.K. is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday.
The British arm of Toys R Us Inc of the United States, which filed for bankruptcy in September, said it had submitted a Company Voluntary Arrangement (CVA) plan to its creditors and would seek their approval in the next 17 days.
The ICR intends to consolidate into a single case the two criminal cases over swindling on an especially large scale with the ex-banker as a defendant.
December 4, the Moscow City Court is to consider an appeal against the arrest in absentia of Anatoly Motylev, former owner of the bankrupt Blobex, Rossiysky Kredit, M-Bank, and a number of other banks, Kommersant reports. Motylev is a defendant in two criminal cases over Swindling on an especially large scale (part 4 of Art. 159 of the Russian Criminal Code). One of them concern knowingly issuing a non-refundable loan of 700 million rubles ($11.8 million) by M-Bank, and the other relates to the embezzlement of money from Rossiys…
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–The Woodbridge Group of Companies, LLC and certain of its affiliates and
subsidiaries (together the Company or Woodbridge) announced today
that it has commenced a process to implement a debt recapitalization
intended to restructure its approximately $750 million in debt. To
facilitate this, Woodbridge filed voluntary petitions under Chapter 11
of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Delaware. Woodbridge will continue to operate as before
through the Chapter 11 proceedings.
In support of this restructuring, the Company obtained a commitment for
up to $100 million in debtor…
A Toys
“R” Us store is seen, in Hayes Thomson
Reuters
LONDON (Reuters) – Toys R Us UK is to seek creditor approval for
a restructuring plan involving closing at least 26 of its 105
stores in Britain in 2018, it said on Monday.
The British arm of Toys R Us Inc of the United States which filed
for bankruptcy in September, said it had submitted a Company
Voluntary Arrangement (CVA) plan to its creditors and would seek
their approval in the next 17 days.
Toys R Us UK said that if approved by the creditors the CVA plan
would substantially reduce its rental obligations and allow the
business to move to a new, viable b…
A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone operator failed to pay its dues.
Fortuna Public Relations Pvt. placed its request with the Mumbai bench of National Company Law Tribunal on Monday, saying Reliance Communications owes it 4.3 million rupees ($67,000). The NCLT plans to hear the case on Dec. 19.
The public-relations firm joins a list of creditors including China Development Bank, Manipal Technologies Ltd. and the Indian unit of network-equipment maker Ericsson AB seeking to compel repayment from a company controlled by the brother of Indias richest person. …
