Bid to save Carson’s parent company from liquidation faces setback – Journal Gazette and Times-Courier

A rival investor group that includes two mall owners also hopes to buy The Bon-Ton Stores in a bankruptcy court-supervised auction today and keep the business alive, but faced a setback in court last week. U.S. Bankruptcy Judge Mary Walrath in Delaware decided the investment group alternative asset manager DW Partners, commercial real estate investment…

Sydney mobility solutions developer, Airdata, enters administration – ARNnet

Mobility solutions developer and consulting firm, Airdata, has gone into administration after more than a decade in operation. The Sydney-based company, which makes a range of software solutions for mobility and Internet of Things (IoT) applications, claims Motorola, Microsoft, Apple and Datalogic among its vendor partners. The company entered into voluntary administration on 9 April,…

Latest MNP Consumer Debt Index foreshadows trouble ahead for indebted Canadians – GlobeNewswire (press release)

Canadians Increasingly Feeling the Impact of Higher Interest Rates The MNP Consumer Debt Index is now at an all-time low, dropping four points since December. MNP Ltd. CALGARY, Alberta, April 16, 2018 (GLOBE NEWSWIRE) — The latest MNP Consumer Debt Index research foreshadows trouble ahead for indebted Canadians underlining widespread concern over rising interest rates.…

Myer calls in big gun Mark Korda to soften up landlords – The Sydney Morning Herald

Besieged department store Myer has brought in high-profile restructuring and insolvency administrator Mark Korda to help it try to squeeze out from under suffocating leases. It is understood Mr Korda, a partner at KordaMentha who has worked on collapses spanning from Ansett to last year’s Network Ten administration, was brought in about three weeks ago to…

Bankruptcy and Restructuring Attorney Christopher Andrew Jarvinen Joins Richards Kibbe & Orbe LLP – Business Wire (press release)

NEW YORK–(BUSINESS WIRE)–Richards Kibbe & Orbe LLP announced today that Christopher Andrew Jarvinen, an accomplished bankruptcy attorney possessing nearly two decades of experience handling complex business and litigation issues arising in the context of corporate restructurings, has joined the firm as a partner in its New York office. Over the course of his career, Christopher…

Electrosteel Resolution Professional Penalised For Neglecting Claims – BloombergQuint

The Insolvency and Bankruptcy Board of India has penalised the interim resolution professional of Electrosteel Steels Ltd., Dhaivat Anjaria, for neglecting the claims of an operational creditor of the company. IBBI has directed Anjaria to deposit one tenth of his total fee as resolution professional in the corporate insolvency resolution process of Electrosteel Steels within…

BRIEF-India’s Alok Industries Says Application Filed With NCLT For Liquidation of Co – Reuters

April 16 (Reuters) – Alok Industries Ltd: * SAYS APPLICATION HAS BEEN PREFERRED BY RESOLUTION PROFESSIONAL FOR LIQUIDATION OF COMPANY * ALOK INDUSTRIES SAYS APPLICATION FILED WITH NATIONAL COMPANY LAW TRIBUNAL AT AHMEDABAD ON APRIL 16 Source text for Eikon: bit.ly/2H4u1NG Further company coverage: (Mumbai newsroom) Read the full article at: https://www.reuters.com/article/brief-indias-alok-industries-says-applic/brief-indias-alok-industries-says-application-filed-with-nclt-for-liquidation-of-co-idUSL3N1RT4WU