by Rigzone Staff | Tuesday, February 06, 2018 International oilfield services company Expro revealed that it has successfully completed financial restructuring, which will provide the company with a stronger and more sustainable financial foundation to grow the business, according to an Expro statement. The Chapter 11 prepackaged plan of reorganization was completed in 50 days,…
Student Loan Repayment Benefit Now Available to U.S. Employees SAN MATEO, Calif., Feb. 06, 2018 (GLOBE NEWSWIRE) — Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), announced today the rollout of its student loan repayment assistance program, a new employee benefit to help workers pay off their burdensome student loans…
In a test case which impacts some 400 pending cases, the High Court has ruled that debtors have a right to directly engage in the review by the Court of a proposed Personal Insolvency Arrangement (PIA). Finding that the Personal Insolvency Acts 2012 to 2015 did not envisage that the Personal Insolvency Practitioner (PIP) was the sole voice to…
NEW DELHI: As many as 40 corporate insolvency resolutions, under the Insolvency and Bankruptcy Code, have been completed, Union Minister P P Chaudhary said today. The Code, which provides for market–determined and time– bound resolution process, is being implemented by the Insolvency and Bankruptcy Board of India (IBBI). “By December 2017, 40 transactions of corporate…
The developer of Perth’s 500 Hay Street hotel, cinema and office project has signalled its disappointment with struggling builder Cooper & Oxley’s decision to suspend works at the Subiaco site. Workers at the Subiaco Hay Street site confronted security guards on Tuesday in an effort to retrieve a large toolbox, 9 News Perth reported. Play Video…
Indianapolis Power & Light Co. is cutting 100 jobs in Indiana and getting a new president and CEO under a corporate restructuring by parent AES Corp. The utility announced the moves Monday evening as part of a global strategic transformation. Under the restructuring, Craig Jackson will assume the role of president and CEO of both…
Sales NQR store will close. SALES NQR store is set to close this Sunday, after the company was placed into voluntary administration. Staff were told last Tuesday of the closure, giving them less than two weeks to find alternative work. NQR entered administration on January 24, and appointed Bruno Secatore and Luke Targett from corporate and personal insolvency…
Debt consolidation is gaining more attention as Australian households face mounting debts. As the country’s household debt-to-income ratio hit almost 200% and total household debt reached a record $2.4trn this year, simplifying repayments and taking control of one’s debt are becoming important topic areas to discuss with clients. While the idea of combining clients debts…
Image: Shutterstock This time, Budget was much awaited, since Finance Minister had to do a tight ropewalk by balancing between expectations of masses to deliver achhe din and slipping fiscal deficit, in view of unstable GST collections. In the Budget, there has been a clear thrust on empowering rural economy by supporting agriculture and boosting…
Latest News With the bulk of the manufacturing GDP coming from local SMEs, it is good news to know that they are continuing to thrive even with the immense pressure coming from overseas imports. At the back of an exciting 2017 for the industry, something that Australian manufacturing should continue to provide is a compelling…