There are a number of people trying to understand what credit card churning is and that is why National Debt Relief aims to help consumers by explaining what this process is. The article titled “What Is Credit Card Churning And Should I Try It?” released May 1, 2019, aims to give people a better understanding…
(Reuters) – The collapse of British Steel has once again put private equity owner Greybull Capital in the spotlight for the wrong reasons. Run out of London by Frenchman Marc Meyohas using family money, Greybull is well known for buying up companies in distress on the cheap with the aim of turning them around. But…
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
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…
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…
The process seeks to cover debtors with annual income less than Rs 60,000, debt less than Rs 35,000, assets less than Rs 20,000 with no dwelling unit. The process can only be initiated by the debtor before the debt recovery tribunal through a resolution professional. If the tribunal passes an order of discharge of debt,…
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…
British Steel has entered insolvency, putting 5,000 jobs directly at risk and endangering thousands more in the supply chain after talks with the UK government failed to reach an agreement on emergency funding. The high court on Wednesday granted an application by the directors of British Steel to enter an insolvency process. Control of the…
The Port Lincoln City Council has taken over the final stage of the $9.41 million leisure centre expansion to ensure it gets finished after the Adelaide company leading the project went into liquidation in April. The council and local subcontractors discovered in early April that the Adelaide contractor Unique Urban Built (UUB) that led the…
Swim Loops, the company that represents the largest number of Jump! Swim Schools, has gone into voluntary administration. Jump! Swim Schools has been facing challenges following a series of court cases and disputes with franchisees. Jump! had grown dramatically and has more than 100 franchise swim schools in the network, including 60 in Australia and…