– By AT&T Inc. (NYSE:T) is a great investment option at the moment. The stock is set to experience upside through both systemic and idiosyncratic tailwinds. From a market perspective, the company is expected to perform well as it’s a value stock, which typically combat inflation. The company is also in a restructuring process, causing…
DetailsThe liquidator of Gujarat-based Sterling Biotech, which owes more than 8,100 crore to lenders, has initiated a liquidation process of the company as a going concern at a reserve price of 548.46 crore. The company is the worlds sixth-largest manufacturer of Gelatin and has already seen interest from about a dozen companies, a person connected…
DetailsRecovering from bankruptcy is tedious; you never know how long it will take before returning to a more stable financial life. During this time, thinking of getting another loan might even seem futile. However, there’s still hope, thanks to mortgage companies that deal with bankruptcies. The process of getting a mortgage after bankruptcy can be…
DetailsText size Schlumberger’s revenue is down from two years ago, but margins are rising. Bertrand Guay/AFP via Getty Images A particularly strong quarter for oil-and-gas companies means the bar is higher for companies reporting earnings. Schlumberger appears to have leapt the hurdle with room to spare. The largest oil-services company in the world posed a…
DetailsBUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 4 JULY AUGUST 2021IN THIS ISSUE1 Chapter 15 Update: U.S. Bankruptcy Court Refuses to Enforce Order Approving Indonesian Debt Restructuring Plan Due to Third-Party Releases7 Setoffs Under Sharia-Compliant Investment Contracts Not Safe Harbored in Bankruptcy11 U.S. Bankruptcy Code Tolling Provision Applies in Chapter 15 Case to Extend Deadlines Under Foreign…
DetailsEven prior to the global impact of COVID-19, commercial bankruptcy filings were already on the rise. As stay-at-home orders caused many businesses to close or significantly curtail operations in 2020, financial struggles in the commercial sector mounted. Government assistance through the passage of different stimulus programs such as the Coronavirus Aid, Relief, and Economic Security…
DetailsA local small business owner who put out an emotional video crying out for more help from the government was likely operating a company that was trading while insolvent. On Instagram, Carly Soderstrom posted a video saying small businesses couldn’t afford repeated lockdowns, and put direct blame for her financial woes on the pandemic. But…
DetailsUS cloud company Rackspace is to lay off around 10 percent of workforce. The company said it was shedding around 700 hundred employees as part of a restructuring plan, and will use the money saved to reinvest and expand its product offerings in fast-growing areas of the business. On July 21, 2021, the company committed…
DetailsAT&T Inc. ( T, Financial) is a great investment option at the moment. The stock is set to experience upside through both systemic and idiosyncratic tailwinds. From a market perspective, the company is expected to perform well as it’s a value stock, which typically combat inflation. The company is also in a restructuring process, causing…
DetailsConsumer finance expert, Erica Sandberg, host of the weekly video podcast Making It in San Francisco that airs on KRON-4, spoke with Investopedia recently to share her take on the topic of debt relief in a post-pandemic world. Sandberg’s background as a budget and debt counselor at the Consumer Credit Counseling Service of San Francisco…
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