British Steel collapse: Thousands of jobs at risk as firm becomes first major Brexit casualty – The Independent

Bankruptcy

British Steel has collapsed, putting more than 4,000 jobs directly at risk and threatening a further 20,000 in the companys supply chain. The company has been put into compulsory liquidationafter talks broke down between the government and British Steels private equity owners Greybull Capital. … Read the full article at: https://www.independent.co.uk/news/business/news/british-steel-collapse-insolvency-administration-job-losses-scunthorpe-a8924821.html

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…

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Liquidation

This is to inform you that the 16th Meeting of Committee of Creditors (CoC) was held on 15th May, 2019. In the meeting, the revised bids submitted by the Resolution applicants were placed before the COC members. After discussions on the Revised Bid and meeting with representatives of both Resolution Applicants i.e. SOM Distilleries Pvt…

British Steel falls into liquidation after failing to secure funding – Reuters

Liquidation

LONDON (Reuters) – British Steel, the countrys second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britains Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation…