Monitronics International Files Voluntary Chapter 11 to Restructure and Strengthen Balance Sheet – GlobeNewswire

Restructuring

Committed to Operating Its Business as Usual, Including Providing Powerful Home Security to Customers Without Interruption Secures Commitment of $245 Million in Debtor-in-Possession Financing to Support Business Operations ENGLEWOOD, Colo., July 01, 2019 (GLOBE NEWSWIRE) — Monitronics International, Inc. (Monitronics or the Company), the wholly owned subsidiary of Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA),…

German lighting manufacturer Hensel goes into provisional insolvency – DIYphotography

Bankruptcy

We appear to have another casualty in the increasingly competitive strobe market. According to ProfiFoto, TheDistrict Court of Wrzburg has ordered the provisional insolvency administration of the assets of German lighting manufacturer Hensel-Visit GmbH & Co. KG (Hensel). This isnt bankruptcy or the end of the business, yet, although the company does have a significant…

Troubled shoe chain Office could close some stores as part of restructuring, Sky reports – The Independent

Restructuring

Shoe retailer Office could close some of its roughly 100 stores as part of a restructuring programme, Sky News has reported. The firm has appointed consultancy Alvarez & Marsal, to draw up plans for a company voluntary arrangement or CVA, a procedure used by insolvent businesses, Sky said citing sources. … Read the full article…

Hecs debt repayment changes: why more people will be forced to pay off student loans – The Guardian

Debt Help

On Monday, the Hecs (Higher Education Contribution Scheme) repayment threshold fell to the lowest it has ever been. From now on, anybody earning over $45,881 a year will have to start repaying their student loans effective immediately. Two years ago, the repayment threshold was $56,000, but Australias Coalition government lowered that to $52,000 last year…

Johnston Carmichael appoints new restructuring director – Accountancy Today

Bankruptcy

Johnston Carmichael, an independent accountancy and business advisory firm, has strengthened its leadership team with the appointment of a restructuring director. Jenn Stewart, brings 16 years of experience to her new role which forms part of Johnston Carmichaels strategic expansion of its restructuring team across the country. Having been based in Dundee for the last…