Ascent Capital Group and Monitronics International Announce Restructuring Support Agreement – Associated Press

Restructuring

ENGLEWOOD, Colo., May 21, 2019 (GLOBE NEWSWIRE) — Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA) today announced that its wholly owned subsidiary Monitronics International, Inc. (Monitronics or the Company) has entered into a Restructuring Support Agreement (the Support Agreement) with its largest creditors that will eliminate approximately $885 million in debt. Under the terms of…

Gambling Addict Steals Jewellery from His Family to Cover £20,000 Gambling Debt – Casino Guardian

Gambling

Leigh Clewlow from Hanley, Stoke-on-Trent, was handed a suspended prison sentence after being found guilty of theft, a result of his serious gambling addiction. The 35-year-old man stole money and jewellery from his family to cover a 20,000 gambling debt after losing his job and marriage. Gambling addiction, which affects around 400,000 people in…

Ascent Capital Group and Monitronics International Announce Restructuring Support Agreement – GlobeNewswire

Restructuring

ENGLEWOOD, Colo., May 21, 2019 (GLOBE NEWSWIRE) — Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA) today announced that its wholly owned subsidiary Monitronics International, Inc. (Monitronics or the Company) has entered into a Restructuring Support Agreement (the Support Agreement) with its largest creditors that will eliminate approximately $885 million in debt. Under the terms of…

Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Date: 21st May, 2019To The General ManagerDepartment of Corporate Services,BSE Limited,P.]. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 9th CoC Meeting of M/ 5. Southern Online Bio Technologies Limited scheduled on 21 May, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 9th…

Hanjin Heavy shares resume trading on Seoul bourse after financial restructuring – Hellenic Shipping News Worldwide

Restructuring

Shares in Hanjin Heavy Industries & Construction Co., a midsized South Korean shipbuilder, resumed trading on the Seoul bourse Tuesday following its financial restructuring efforts. Hanjin Heavys stock trading had been suspended since February due to capital erosion. The shipyard saw its losses snowballing to 1.32 trillion won (US$1.15 billion) last year, from a loss…

Corpus fund for insolvency resolution cannot be attached by any authority – The Hindu BusinessLine

Liquidation

The corpus fund arranged by the Committee of Creditors under the National Company Law Tribunals (NCLT) directions towards the cost of corporate insolvency resolution process (CIRP) cannot be attached by any authority, including the Enforcement Directorate, as it is not an asset of the corporate debtor, according to a ruling by the Tribunals Mumbai bench.…

Insolvent insurance company asks to be placed into liquidation – Insurance Business

Liquidation

Gibraltar-headquartered LAMP Insurance Company Limited has asked the Supreme Court of Gibraltar to appoint an Official Receiver (OR) and place the firm into liquidation. The application will be heard at the end of the month. According to the Gibraltar Financial Services Commission (GFSC), the insolvent insurance company has been unable to secure additional financing. It…

Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Notice of 9th Meeting of Committee of Creditors ofSOUTHERN ONLINE BIO TECHNOLOGIES LIMITEDNotice along with Agenda for the 9th Meeting of the Committee ofCreditors of Southern Online Bio Technologies Limited (under CorporateInsolvency Resolution Process) under the provisions of The Insolvency andBankruptcy Code, 2016 read with Insolvency and Bankruptcy Board ofIndia (Insolvency Resolution Process for Corporate…