If youre struggling with multiple debts and a less than perfect credit score, debt consolidation loans can provide a viable solution to simplify your finances and lower your interest rates. Debts affect everything – from getting a car, a home loan, or even another loan. In Australia, there are several lenders that specialise in offering…
DetailsThis fall, Infarm’s Dutch branch went belly up. At the time, this vertical farm company was already pulling out of several European countries due to financial difficulties in a challenging market. An initial bankruptcy report does not give any explicit details about why the branch became insolvent. The trustee does, however, point out that the…
DetailsNEW DELHI : Go First on Thursday informed the Delhi High Court that it had exhausted the funds provided by the Committee of Creditors and was dealing with a shortage of manpower and financial constraints. The airline had received interim financing of Rs100 crore from the CoC for service maintenance costs. The resolution professional (RP)…
DetailsThe High Court Shane Phelan Today at 18:40 A Supreme Court ruling has opened the door for more farmers to use the States personal insolvency regime to get deals on their debts. In a significant decision, the court clarified that the legal test for whether someone could be considered insolvent was an examination of their…
DetailsThe World Bank is extending a new lifeline to small islands and other small states struck by earthquakes and tropical storms, allowing governments to focus on disaster recovery instead of debt repayment when catastrophes occur. These small islands and states are particularly vulnerable to natural disasters. When natural disasters hit, their leaders are concerned about…
DetailsFor the man who would be retail king, these are dark days indeed. An empire that stretches across Europe and the U.S., with shares in some of the worlds most iconic buildings and retail groups, has declared itself insolvent. In doing so, it has left a number of Teutonic lenders heavily exposed to colorful Austrian…
DetailsGo First CEO Kaushik Khona announced his exit from the airline in an e-mail to employees six months after it voluntarily entered into insolvency resolution due to a fund crunch it blamed on Pratt and Whitney engine failures. Things have not worked in our favour inspite of huge efforts. Even salaries have not been paid…
DetailsVF Corp (VFC) announced on Thursday that it had dismissed about 500 employees as part of business restructuring effort and global operations improvement. The job reductions occurred across all of the companys brands, corporate functions and geographies. In October, the Vans owner had come under pressure from investor firms Legion Partners Asset Management and Engaged…
DetailsStreet Talk Nov 16, 2023 11.24am Heres one that slipped under the radar. Distressed debt guru Dominic Emmett is set to launch his own eponymously named firm. Dominic Emmett, top corporate restructuring partner and founder of Emmett Law. The notoriously low-profile lawyer, considered to be the godfather of complex distressed debt and special situations in…
DetailsWelcome back to the Big Law Business column. Im Roy Strom, and today we look at how Sidley Austin plans to try to crack to the upper echelon of Big Law restructuring practices. Sign up to receive this column in your Inbox on Thursday mornings. Building a top company-side bankruptcy practice is a great white…
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