Image copyright HS2 Image caption Carillion is a member of consortium that is building parts of the HS2 rail link Shares in Carillion, the UK’s second-biggest construction firm, fell 34% after it issued its third profit warning since July, adding it expected to breach financial covenants. The firm blamed slower asset sales and delays to…
“The potential financial toll of a disaster cannot be overstated,” says Housser. “It is extremely important for those affected to get the financial assistance they need, avoid going into debt, and do what they can to get out of debt.” Freedom Debt Relief has first-hand experience in working with people affected by disasters, he points…
RugbyWA chairman Tony Howarth has described emotions in Western Australia as “angry, disappointed and frustrated” after it was confirmed the organisation had gone into voluntary administration on Friday. It comes just four months after Rugby Australia (formerly Australian Rugby Union) announced it would axe the Western Force from next year’s Super Rugby competition. RugbyWA has…
Embattled China Huishan Dairy Holdings has instructed lawyers to prepare for its provisional liquidation after finding more debt, leaving some of the top lenders in Asia vulnerable. According to a filing to the Hong Kong stock exchange on Thursday, the net liabilities of the Liaoning-based firms China entities could have been 10.5 billion yuan (US$1.58…
RugbyWA chairman Tony Howarth has described emotions in Western Australia as “angry, disappointed and frustrated” after it was confirmed the organisation had gone into voluntary administration on Friday. It comes just four months after Rugby Australia (formerly Australian Rugby Union) announced it would axe the Western Force from next year’s Super Rugby competition. RugbyWA has…
LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTCPink: PACDQ) (Pacific Drilling or the Company) today announced that the United States Bankruptcy Court for the Southern District of New York has granted the relief requested by the Company in certain first day motions related to ordinary course business activities, subject to certain modifications at the request of the Court,…
HYDERABAD: In a move that clears the decks for the corporate insolvency resolution process to move forward in the case of debt-ridden Deccan Chronicle Holdings Ltd (DCHL), the Hyderabad bench of the National Company Law Tribunal (NCLT) on Thursday dismissed two petitions filed by Kolkata-based SREI Infrastructure Finance Ltd seeking to be on the committee…
MOSCOW/CARACAS (Reuters) – Venezuela won easier debt terms from Russia and got a vote of confidence from China on Wednesday, as the oil-rich country said it had starting making interest payments on bonds after a delay that had threatened to trigger a default. A debt restructuring deal with Russia that allows Caracas to make minimal…
IRP calls for Expression of Interest under IBC Orchid Pharma is undergoing Corporate Insolvency Resolution Process pursuant to the order of NCLT, Chennai Bench dated 17 August 2017. In terms of the IBC, the Resolution Professional has called for Expression of Interest (EoI) for the purpose of submission of resolution plan in accordance with…
Dear Dave: Our son is about to graduate from law school. He took out a loan to cover the cost, but weve always been debt-free and have been paying on it to help him out while he finishes his studies. The balance on the loan right now is around $30,000. He has a job waiting…