April 9 (Reuters) – Satellite operator Avanti Communications said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million. The company, which is swapping its debt for equity, said if the restructuring is not…
Former refugee Dai Le recounts a Vietnamese saying that was drilled into her as a child: If you hang around ink you become black, if you hang around light you become bright. She first heard the proverb – about the importance of surrounding yourself with good influences – while growing up in a refugee camp…
Getting out of debt fast can feel like a far-fetched dream when faced with mounting debts. But debt is a reality in business; becoming debt-free is only possible after understanding how to manage debts. Read on for more tips. Business owners must understand that debt is unavoidable in running any type of business. The following…
Coard Hulse and Philip Roy Dawson – both from Wilmslow – ran the lease of the Saracens Head pub in Lymm, between 2006 and 2016. They were banned from 27 February 2018 from acting as directors of any company, directly or indirectly becoming involved in the promotion, formation or management of a company until February 2025.…
(Reuters) Satellite operator Avanti Communications <AVN.L> said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million (£35.48 million). The company, which is swapping its debt for equity, said if the restructuring is not…
The prominent New South Wales criminal lawyer Charles Waterstreet has declared bankruptcy and faces losing his licence to practise. He lodged the documents with the Australian Financial Security Authority on 13 March and is listed as an undischarged bankrupt, Fairfax Media reports. Waterstreet had 28 days to explain to the NSW Bar Association why he…
The 99-year-old co-founder of vacuum cleaner business Godfreys Group has launched a bid to buy back the struggling business and take it private. John Johnston who founded Godfreys in the 1930s with Godfrey Cohen has launched a 32¢-a-share bid through family business Arcade Finance to take the group off the ASX and set about rebuilding…
Former refugee Dai Le recounts a Vietnamese saying that was drilled into her as a child: If you hang around ink you become black, if you hang around light you become bright. She first heard the proverb – about the importance of surrounding yourself with good influences – while growing up in a refugee camp…
The chairman of the Australian owners of Homebase is flying to the UK for a whistlestop tour of its stores this week as the future of the struggling DIY chain hangs in the balance. The Wesfarmers chairman, Michael Chaney, is being accompanied on store visits by Archie Norman, the retail turnaround expert who chairs Marks…
Binani Cements lenders have asked for necessary permissions to be obtained before they proceed with the settlement. Photo: Mint New Delhi: Binani Cement Ltd moved the Supreme Court on Monday seeking permission for an out-of-court settlement and end insolvency proceedings against it. The companys lenders have asked for necessary permissions to be obtained before they…