Meanwhile, eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a ‘major financial institution’ after being placed into voluntary liquidation because of unsustainable debt. Tony Wales, a director of eChoice and Welas, a private investment company, which is a secured creditor of eChoice, called in liquidators’ Rodgers Reidy after deciding…
Santa Clara, Calif., November 28, 2017 Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the Court) has confirmed its second amended chapter 11 plan of reorganization (the Plan). As a result, Avaya expects to emerge from its restructuring process before the end of this year. The Courts…
November 29, 2017 Hudson Lockett Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/286f2f91-f2ba-3ae4-9884-e6ccf9639da8
A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo corporate rehabilitation. In an order dated Nov. 23, the RTC of Parañaque Branch 258 issued an order to liquidate Uniwide Sales Inc., Uniwide…
Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically sensitive areas. Continue Reading Below In a highly unusual move, China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, late last week filed a petition for Indian carrier Reliance, also known…
Autodesk ( ADSK ), a maker of computer-aided design software, reported slightly better-than-expected fiscal third-quarter results, but gave mixed guidance for the current quarter, sending its stock crashing in late trading Tuesday. Autodesk also announced a restructuring plan that will result in pre-tax charges of $135 million to $149 million, with about $91 million to $100 million…
Melissa Pecman finished university feeling the way many graduates do: stressed about her student debt. She landed a job as a geologist with Orix Geoscience Inc. in Sudbury and started making payments on $17,000 in government loans, Ms. Pecman says. Although she was interested in pursuing an applied masters in geology, Ms. Pecman, 27, was…
Slams canard, says ordinance levels thefield for applicants New Delhi, November 27: In defence of its recent insolvency ordinance, the government has asserted that the entire effort is aimed at disqualifying errant promoters while providing for a level-playing field for all prospective resolution applicants, including the promoters. There is no merit in the contention in…
SANTA CLARA, CA–(Marketwired – November 28, 2017) – Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its second amended chapter 11 plan of reorganization (the “Plan”). As a result, Avaya expects to emerge from its restructuring process before the end of this year.…
ROHNERT PARK, Calif., Nov. 27, 2017 /PRNewswire/ — Americans are collectively facing an enormous amount of student debt, and that debt is delaying some major life milestones and financial goals for some borrowers. These can include buying a home or saving for retirement. Ameritech Financial, a document preparation company that helps federal student loan borrowers apply…