The creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsWarren Buffett told Citigroup Chief Executive Jane Fraser over lunch to keep going in her massive cost-cutting corporate restructuring campaign, Reuters reported Friday. Fraser told the anecdote of the business magnates approval at the end of a conference call with managing directors on Thursday, in which she detailed the coming reductions to the bank’s headcount,…
DetailsFrom bankrupt to billionaire to bankrupt again, all in the space of seven years. Robert Bull, the bungalow tycoon nicknamed Bob the Builder, is being chased by creditors just nine months after being crowned as one of Britains richest men with an estimated fortune of 1.9bn. Now, his holiday park empire is being broken up…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsThe creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
DetailsCredit card debt consolidation is the process of combining all of your outstanding credit card debt into one payment. By doing so, you could achieve a more manageable monthly payment plus pay less in interest on the total debt. Consolidating debt involves basic steps like gathering information on your debts, comparing debt consolidation loan options terms,…
DetailsCorporate insolvencies in England and Wales are now at their highest level since 2009. The rise in insolvencies follows the end to the Governments Covid-19 support schemes, the buildup of debt post-pandemic, unprecedented inflation and interest rate increases. More frequently than ever, questions are being raised as to what happens if a company is suffering…
DetailsWASHINGTON, D.C. The Consumer Financial Protection Bureau (CFPB) and seven state attorneys general sued Strategic Financial Solutions (SFS) and its web of shell companies for running an illegal debt-relief enterprise. The CFPB and state attorneys general also sued the chief architects of the illegal enterprise, Ryan Sasson and Jason Blust. The CFPB and attorneys general…
DetailsThe last few months have been challenging for startups and scaleups, and this month, Berlin impact startup SIRPLUS filed for insolvency- German startup SIRPLUS was founded in 2017. It brings excess food back into the retail cycle by selling it through subscription boxes, including food rejected by supermarkets due to size, colour or overproduction. Through…
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