Insolvency Law Committee in place to address concerns raised by IBC: PP Chaudhary New Delhi, Feb 10 (KNN) The Ministry Has has constituted Insolvency Law Committee (ILC) vide order dated 16.11.2017 with a view to examine the suggestions received regarding provisions of Insolvency and Bankruptcy Code, 2016 (Code), P.P. Chaudhary, Minister of State for…
Jamie Oliver will close a third of his 35 struggling Italian restaurantsALAMY When Jamie Oliver started his Italian restaurant chain in 2008 it was the realisation of a teenage dream. The celebrity chef may have been born and bred in Essex, but he always had a passion for Italian food and wanted Jamies Italian to…
SAN RAMON, Calif., Feb. 10, 2018 /PRNewswire/ — A survey revealed that respondents’ top financial goal in 2018 was to save for a vacation. Is that so bad? Understandable, at least we all would like to get away. But is going on vacation or other kinds of fun and leisure forbidden when you’re in debt? That depends…
The Company has chosen Ditech Holding Corporation as the new name for its parent company, as it reflects the Company’s focus on its strong core business and its commitment to serving customers. The Company remains committed to enhancing the customer experience through the growth of its origination and servicing businesses and by focusing on new…
LAGOS, Feb 9 (Reuters) – A proposed $2.5 billion Eurobond to refinance some of Nigerias treasury bill portfolio will not increase its overall debt stock but will help lower cost, the Debt Management Office (DMO) said on Friday. Proceeds from the bond sale would be converted to naira and used to redeem a more expensive…
STAFF at embattled Perth building company Cooper & Oxley have been told their employer has a 50-50 chance of surviving after the company was yesterday placed in administration. As the move was being announced, dozens of the companys employees gathered at its Jolimont headquarters to be briefed by representatives from insolvency firm Hall Chadwick, which…
Five former directors of a food firm have been disqualified following the managing director’s purchase of gold bullion “for his sole benefit”. The family members were banned from being company directors for a total of 16 years after an Insolvency Service investigation into Bradford-based Greentabs Ltd, previously known as Mumtaz Food Industries. The Insolvency Service…
Tax reform has passed and economic growth finally appears to be picking up. Companies have responded to tax reform by increasing investments, bonuses, and wages, and tax cuts will start showing up in paychecks in the coming weeks. These are all positive steps that will help millions of families. But one more step needs to…
Publicis Groupe global CEO Arthur Sadoun sounded an optimistic note in his first full year results as top boss, but signalled he believes the industry is in for another wave of the so called mediapalooza. Over the past two years, since concerns over transparency reached fever pitch, many of the world’s largest advertisers called reviews…
FORT WASHINGTON, Pa., Feb. 9, 2018 /PRNewswire/ — Walter Investment Management Corp. (NYSE: WAC.BC) today announced that it successfully completed its financial restructuring plan and emerged from Chapter 11 under the name Ditech Holding Corporation (“Ditech Holding” or the “Company”). Trading in Ditech Holding’s new common stock is expected to commence on February 12, 2018 under…