Seventy Seven Energy Inc. Enters into Restructuring Support Agreement – Business Wire (press release)

Liquidation

OKLAHOMA CITY–(BUSINESS WIRE)–Seventy Seven Energy Inc. (the Company), today announced that it has entered into a Restructuring Support Agreement (the Agreement) with certain lenders (the Incremental Term Loan Lenders) representing 92.0% of the outstanding principal amount under the Companys Incremental Term Supplement (Tranche A) loan and certain noteholders (the Consenting 2019 Noteholders) collectively owning or…

EMRISE CORPORATION Announces Second Liquidation Distribution to Stockholders – Nasdaq

Liquidation

WOODBRIDGE, N.J., April 19, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of sending the previously announced second liquidation distribution of $0.36 per share (the…

Linc Energy goes into voluntary administration – World Coal

Liquidation

Australian underground coal gasification (UCG) developer, Linc Energy, has gone into voluntary administration, according to a company announcement. Administratiors from PPB Advisory were appointed effective 15 April. Last month, the company was committed to stand trial over alleged environmental damage caused by its UCG trial in Queensland an accusation the company denies. But an environmental…

Training company with links to the Wolf of Wall Street collapses into liquidation – SmartCompany.com.au

Liquidation

A training company that hosted workshops by the man dubbed the Wolf of Wall Street has collapsed into liquidation. According to notices from the Australian Securities and Investments Commission, Face to Face Training Services called in external managers on March 1, with Anne Marie Barley from WRA Insolvency acting as voluntary administrator. Last Thursday, a special…

DiagnoCure Board Votes to Liquidate, Dissolve Company – GenomeWeb

Liquidation

NEW YORK (GenomeWeb) Canadian life sciences firm DiagnoCure announced today that its board has approved a plan to voluntarily dissolve the company and liquidate its assets. “The board of directors of DiagnoCure has determined that the liquidation and dissolution is advisable and in the best interest of the corporation and its shareholders,” DiagnoCure Chairman Jacques…

Insolvency body IPA to grant partial licences – Accountancy Age

Liquidation

THE Insolvency Practitioners Association is to become the first professional body to grant partial licences for practitioners wishing to specialise in either personal or corporate insolvency work. In October 2015, the governments Deregulation Act opened up the insolvency licensing regime to create greater competition and flexibility by allowing specialisation. Given the enabling provisions were enacted…