— Westpac has renewed a A$250 million non-recourse senior loan facility with debt solutions company FSA Group until October 2017. An institutional fund manager chipped in a $20 million mezzanine finance line . The mezzanine finance has also been renewed. FSA is in the business of assisting debtors enter into payment arrangements with their creditors,…
Steilmann SE * in course of its current business developments Steilmann se is illiquid * adhoc: steilmann se: insolvency * management board will now immediately file for insolvency Further company coverage: (Frankfurt Newsroom) Read the full article at: http://www.reuters.com/article/idUSASM0002R6
15:46 23/03/2016 MOSCOW, March 23 (RAPSI) – Legislators from the Kamchatka Region have submitted a bill to the State Duma, that would prohibit individuals who have been declared bankrupt from holding judicial positions, taking service at law enforcement agencies or prosecutor offices, according to the database of Russias lower house of parliament. The amendments are…
15:46 23/03/2016 MOSCOW, March 23 (RAPSI) – Legislators from the Kamchatka Region have submitted a bill to the State Duma, that would prohibit individuals who have been declared bankrupt from holding judicial positions, taking service at law enforcement agencies or prosecutor offices, according to the database of Russias lower house of parliament. The amendments are…
Jailed: Keith Cameron was sentenced to five years in prison. Deadline A businessman who defrauded a terminally ill friend out of nearly half a million pounds has been handed a bankruptcy restriction order. Scottish insolvency service, Accountant in Bankruptcy (AiB), obtained the 13-year order for Keith Cameron due to his “fraudulent breach of trust”. The…
By Press Association Published: 01:46 EST, 24 March 2016 | Updated: 01:46 EST, 24 March 2016 Embattled retailer BHS has been thrown a lifeline after creditors backed controversial plans to turn around the business. The department store chain said creditors voted in favour of its company voluntary arrangement (CVA) for BHS Limited, which aims to…
Debra Duardo, a former high school dropout, will become the top education official for Los Angeles County, heading an agency that provides schooling for teenage inmates as well as for thousands of disabled studentsprograms that have been criticized in recent years. Duardo, 53, was the consensus pick of the countys five-member Board of Supervisors after…
CALGARY — A small energy producer with wells and facilities in Alberta and B.C. says it has shut down production, laid off all non-executive employees and its directors and officers have resigned after a bank called in a loan. Calgary-based Terra Energy Corp. has long been struggling to turn a profit, first as low natural…
Local news St. Thomas Funds from the Lonesome Dove oil well will go toward the Government Employee Retirement System after the company’s V.I. tax obligation of $21 million is paid off, if a bill approved in the Finance Committee Monday is enacted into law. The action will not help stave off GERS bankruptcy but is…
On March 1, 2016, Affirmative Insurance Co. was declared insolvent by at least $31 million by Acting Illinois Insurance Director Anne Melissa Dowling, who filed with the Illinois Supervising Court a Complaint for Liquidation with a Finding of Insolvency against the insurer. A hearing on the complaint for liquidation is set for March 24. The insurer operates in the…