Investment bank PJT Partners Inc. has hired the formerU.S.head of restructuring athedge fundAnchorage Capital Group as a partner, said people familiar with the matter. Charles Tauber, 50 years old, had a major role in the New York hedge funds investments in distressed companies including the Hollywood movie studio MGM Holdings Inc., PG&E Corp. and J.Crew…
DetailsThe government is considering objective and transparent guidelines for committee of creditors (CoC) mainly banks and financial institutions — signing off on resolution plans under Indias bankruptcy code, after some excessive haircuts agreed to by such CoCs were questioned by the National Company Law Tribunal and even a parliamentary panel, two people familiar with the…
DetailsA RISING number of bosses have decided to close their businesses after spending well over a year trying to survive the pandemic, an insolvency expert says. Corporate insolvencies fell slightly in July compared with the previous month, but year-on-year figures were up substantially for the third month in a row. Southampton-based Mike Pavitt, immediate past…
DetailsEditorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate Falling behind on loan payments, credit cards and other financial obligations can hurt your credit score if late…
DetailsInterim resolution professionals (IRPs) and resolution professionals (RPs) have now got the formal recognition of income tax authorities for dealing with the tax matters of the corporates that are undergoing Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC). The Central Board of Direct Taxes (CBDT) in the Finance Ministry has made…
DetailsContents1 Read More2 Related Articles3 Read More4 Related Articles Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West. Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen. R3 said…
DetailsDominic Gibbs has deined being involved with Diamond Live Lounge when it closed and says he has been helping people to get their money back. A number of people say they are still awaiting refunds up to as much as 500 after the venue closed its doors while the former owner of the Wood Street…
Details(ANSA) – MILAN, AUG 23 – A 50-year-old pharmaceuticals manager accused of drugging and raping a 21-year-old female student in his luxury Milan flat last May has now been placed under investigation for suspected fraudulent bankruptcy, sources said Monday. Antonio Di Fazio has been in prison custody since May Five young women who say they…
DetailsLloyd Parker replaced the takings from the Cathedral Retail Park store with bits of cut-up newspaper after using the stolen cash to attempt to win back what he had lost, Leeds Crown Court was told. The 30-year-old even spent his family’s Christmas savings money to claw back the deficit, but lost it all. Prosecutor Emily…
DetailsDelaware State University is providing a second round of debt relief to more than 1,100 students, using federal CARES Act funding. Listen to this story This time, DSU is making $2.9 million available for students in need. No student who received funding during the first round will receive funding this time. The previous debt relief…
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