Aaron Grech August 19th, 2020 – 1:07 PM Many Tool fans are aware of the spoken word appearance by former Black Flag frontman Henry Rollins on the groups 1993 debut album Undertow, but some may not know that this moment was recorded on video. Producer Sylvia Massy recorded Rollins spoken word interlude from Bottom back…
The global pandemic has signalled the end for another travel company, with STA Travel left unable to pay its bills. The youth travel advisor has filed for insolvency, advising in a statement that an external administrator will be taking over in the next few days to determine the next steps. While the parent company STA…
Reeling from the financial impact of the COVID-19 pandemic, Cisco last week said it would implement a US$1 billion cost-cutting plan that will not only translate to layoffs but the tech giants potential exit from unprofitable IT markets, partners told CRN. Cisco said last week that revenue for its most recent quarter had declined across…
Restructuring veteran Steve Parbery has joined Duff & Phelps, reuniting him with former PPB Advisory colleagues. Back in 1983, Steve Parbery teamed up with Max Prentice and Vince Barilla to co-found PPB Advisory. Under their leadership, PPB Advisory grew into one of Australias leading independent insolvency boutiques. Parbery spent thirty-five years at the helm of…
Another aged care and village operator has gone bust but there are questions over how many residents will need to be re-homed as a result. Receivers KordaMentha and managers SV Partners were appointed at the start of June to oversee the 36-bed Mount Providence Village aged care home in Muswellbrook in NSWs Upper Hunter region…
CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties U.S. mall owner CBL & Associatesannounced Wednesday it has reached arestructuring support agreement with debt holders a bid to boost its balance sheet with its malls getting hammered by the Covid-19 crisis. The Chattanooga, Tennessee-based real estate investment trust, which owns more than 100 retail centers, said…
What do 80 percent of Americans have but dont want? The answer is debt. But the harsh reality of debt is that it isnt the loan thats the problem. Its the mismanagement of loansthat creates an issue. Smart debt consolidation can help lift you out of the burden of debt management. Here are the top…
We should take note of lessons from the past and seize the opportunity to build a better corporate insolvency system. In its January 2020 annual survey of perceptions of thirty global risks, the World Economic Forum (WEF) ranked infectious diseases tenth in terms of impact, though well down in the bottom-half of expected likelihood. There…
(Representative image) MUMBAI: Banks are likely to restructure up to Rs 8.4 lakh crore of loans, or 7.7 per cent of the overall system’s credit, under the newly announced recast package, a domestic ratings agency said on Wednesday.Over 60 per cent of this Rs 8.4 lakh crore was susceptible to slip into the non-performing assets…
Kindly Share This Story: By Shina Abubakar A Magistrate Court sitting in Osogbo has remanded a commercial motorcyclist, Akeem Jimoh, 23 in police custody for allegedly owing a betting firm N250,000. It was gathered that Akeem approached a betting shop in Osogbo and placed a bet of N150, 000 and lost before sneaking to another…