The JG Wentworth Company Announces Consensual Restructuring Agreement with Lenders to Significantly Reduce its … – Business Wire (press release)

Restructuring

CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company (together with its consolidated subsidiaries, the Company) (OTCQX: JGWE) today announced an agreement, with lenders (the Lenders) holding over 87% of the aggregate principal amount outstanding under the Companys $449.5 million senior secured credit facility (the Credit Facility), to significantly deleverage the Company. The agreement, under which current Lenders…

Salary dues to employee lands company in insolvency court – Times of India

Bankruptcy

Coimbatore: Companies with salary dues of more than Rs 1 lakh better watch out. In perhaps the first such ruling under the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT), New Delhi bench, has initiated corporate insolvency resolution proceedings (CIRP) against Noida-based Applied Electro Magnetic for failing to pay employee’s salary dues…

Freedom Debt Relief Responds to CFPB Complaint – PR Newswire (press release)

Debt Help

SAN MATEO, Calif., Nov. 9, 2017 /PRNewswire/ — In response to a formal complaint filed against Freedom Debt Relief by the Consumer Financial Protection Bureau on November 8, the company today issued the following statement to its family of clients, employees, and communities it serves: Freedom Family Yesterday the Consumer Financial Protection Bureau (CFPB) filed a…

Rockwell provides further update on three subsidiaries in provisional liquidation – Markets Insider

Liquidation

TORONTO, Nov. 8, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (NEX: RDI.H; JSE: RDI) provides a further update as to the developments with respect to its three subsidiaries in South Africa which were placed in provisional liquidation on September 12, 2017. These subsidiaries are Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC…

EVOKE PHARMA, INC. (NASDAQ:EVOK) Files An 8-K Entry into a Material Definitive Agreement – Market Exclusive

Bankruptcy

EVOKE PHARMA, INC. (NASDAQ:EVOK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01Entry into a Material Definitive Agreement. On November 7, 2017, Evoke Pharma, Inc. (the Company) entered into a Manufacturing Services Agreement (the Manufacturing Agreement) with Patheon UK Limited, a wholly-owned subsidiary of Thermo Fisher, Inc. (Patheon), to which Patheon has agreed to…