The future looks bleak for Bon-Ton Inc., the parent company of Herbergers department stores. A court-supervised auction of the bankrupt business started Monday. According to the Reuters news agency, sources familiar with the matter said that liquidation firms Great American Group and Tiger Capital Group won the auction with a $775.5 million bid. If the…
Telecom service provider Aircel’s committee of creditors (CoC) is reportedly considering an option to restart the firm’s mobile phone operations, in some circles, and the CoC is scouting for investors. According to The Economic Times, Aircel’s lenders, led by the State Bank of India (SBI), representatives from the firm’s management and an insolvency professional from Deloitte…
K S Oils Ltd has informed BSE that the Corporate Insolvency Resolution Process for the Company expired on April 16, 2018 and the Resolution Professional has not received the approval of the Committee of Creditors for Resolution Plans within the time period prescribed under the Insolvency and Bankruptcy Code, 2016. Pdf Link: Updates on Corporate…
Its official: Elder-Beermans parent company is headed for liquidation. Bon-Ton Stores Inc. officials announced a joint bidder, including a group of the bankrupt retail chains bondholders, won an auction for the companys asset. Great American Group and Tiger Capital Group and the holders of Bon-Tons second-lien secured notes will acquire the retailers inventory and certain other…
2:05 pm Europe Trade: European markets were slightly higher, as investors monitored a fresh batch of corporate earnings and economic data. France’s CAC was up 0.47 percent, Germany’s DAX 0.33 percent and Britain’s FTSE gained 0.82 percent. 1:55 pm Gold Snaps 3-session of Gain: Gold prices slipped after rising for three straight sessions as investors opted for…
Clive Palmer says he once offered to pay the debts of Queensland Nickel and that he will seek to halt legal proceedings against the failed company. The former federal MP has faced the supreme court in Brisbane, claiming there had been an abuse of process and that legal proceedings involving the nickel company should stop.…
Sasha deBretton Perths self-styled queen of rich-list renovations has placed her group of companies, including the flagship Million Dollar Makeovers, into liquidation. As of the first week of this month, three of Ms deBrettons firms were in the hands of liquidators Cameron Shaw and Brent Kijurina, working for accountants Hall Chadwick. In contrast to Ms…
A court-supervised auction of the bankrupt business started on Monday. According to Reuters, sources familiar with the matter said the only bidders were liquidators. If the U.S. Bankruptcy Court in Wilmington, Delaware, approves the sale of Bon-Ton to a liquidator, it could mean the closure of all Bon-Ton stores, including the Herberger’s and Herbergers Home…
Sasha deBretton Perths self-styled queen of rich-list renovations has placed her group of companies, including the flagship Million Dollar Makeovers, into liquidation. As of the first week of this month, three of Ms deBrettons firms were in the hands of liquidators Cameron Shaw and Brent Kijurina, working for accountants Hall Chadwick. In contrast to Ms…
Younkers (WHO-HD) × 7 Iowa Younkers Stores to Close, Parent Company Headed for Liquidation Younkers (WHO-HD) DES MOINES, Iowa Documents filed with Iowa Workforce Development signal a closing of seven Younkers stores in the state. The action lends more credibility to a Reuters report that the stores parent company, Bon-Ton, is being bid on by two…