Nebraska Book Company Announces New Debt Facility and Balance Sheet Restructuring – Business Wire (press release)

Restructuring

LINCOLN, Neb.–(BUSINESS WIRE)–Nebraska Book Holdings, Inc. (NBC) announced today, July 31, 2018, that it has successfully completed the restructuring of its balance sheet eliminating the substantial majority of its legacy long-term debt. Going forward the company will have a capital structure that will enable growth and profitability. This was accomplished by NBCs major debt holders…

Northamptonshire now forced to pay the price of a reckless half-decade – The Guardian

Bankruptcy

Northamptonshire county councils catastrophic financial collapse, and the desperate measures it now proposes to balance the books, reflect management incompetence on a grand scale as well as the punishing effects of eight years of austerity cuts. Less than six months after it was declared technically insolvent, the Tory-run council now faces a sobering reckoning for…

Ultratech, Grasim deals to help reduce CTIL’s debt: Kumar Managalam Birla – Economic Times

Debt Help

Century Textiles and Industries’ decision to demerge the cement business into UltraTech Cement and transfer the viscose filament yarn business to Grasim will help it reduce the debt and focus on textiles, pulp and paper and real estate businesses, a top company official said. Century Textiles and Industries (CTIL) in May this year announced plans…

Amit Spinning Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal – The Hindu BusinessLine

Liquidation

This is to inform to the Exchange that National Company Law Tribunal (NCLT) has, today i.e. 31st July, 2018, pronounced its order and approved the resolution plan as submitted by Mr. Deepak Chaganlal Choudhari and Mr. Jitendra Kumar Chopra for the Company pursuant to the Corporate Insolvency Resolution Process initiated as per the provisions of…

Cross-border insolvency and restructuring – International Law Office

Bankruptcy

Overseas assistance Representation of the Viscount Comment As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies’ assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires…