EXECUTIVE SUMMARY A Pre-Pack Sale is the sale of all or substantially all of an English companys assets to a third-party purchaser immediately or shortly after the distressed company goes into a UK rescue procedure called administration. The attraction of a Pre-Pack Sale is the speed of the transaction, which helps preserve the value of…
DetailsPresident Joe Biden promised to forgive up to US$10,000 in student loan debt during his 2020 campaign. Now, a few months into his presidency, over 415 organizations have urged him to use his executive authority to cancel all federal student loan debt. We assembled a panel of academics to talk about the effects student loans…
DetailsHowever, even where businesses have failed, their brands have survived. For example Topshop and Topman were bought by ASOS for 330 million, with the deal meaning the survival of their brand names while the physical stores closed down. Those in the fashion industry need to evaluate and assess their intellectual property (IP) assets and licensing…
DetailsDiamonds are forever. Diamond dealers, not so much. Swamibu/Wikimedia The Antwerp prosecutor has started an investigation into the mysterious bankruptcy of the company that formerly stood in first place among the citys diamond dealers. Eurostar Diamond Traders, owned by the family of 71-year-old Kaushik Mehta, was at one point the diamond citys major trader in…
DetailsSan Diego, CA, April 19, 2021 (GLOBE NEWSWIRE) — MagnoliaMediaNetwork announces the release of the review “Best Debt Relief Programs 2021” Climbing out of debt can feel like a nearly-impossible task with all the late fees and interest rates. The best debt relief programs can lighten your load. Our in-depth research led us to the…
DetailsLenders to two more Future group firms — Future Enterprises and Future Supply Chain Solutions — have approved a resolution plan to restructure the existing secured financial debt of the companies, as per regulatory filings. Last week, a consortium of 28 banks had approved a resolution plan for debt restructuring of the Kishore Biyani-led group’s…
DetailsWhen Debbie (not her real name) lost her main client and was left without a reliable income, the sole trader sold her home and adjoining investment unit to pay off her debts and ensure she had the means to support her daughter and herself. But things didnt work out as she had hoped. A year…
DetailsPhoto Credit:Hannah Johnson The human trafficking thriller Pulled From Darkness is based upon a true story ComingSoon.net has an exclusive first look at the upcoming thrillerPulled From Darkness, which just wrapped up filming. Based on a true story in Ukraine, the film follows a woman who is sold into human trafficking after her husbands gambling…
DetailsAriel Skelley/Getty Images Recently, my friend and fellow AARP expert Amy Goyer confided to me that she had filed for bankruptcy. The last time we were together, pre-COVID, she had shared how damaging caregiving had been to her finances. Since the bankruptcy has become final (a process that took two years), she said she felt…
DetailsPaying off debt doesn’t have to be hard; there are a few simple tricks that can make it easier. Understanding how you got into debt, writing it down, and taking a bird’s-eye view can help. Doing these things will not only keep you on track but encourage you to pay it down faster. Visit Personal…
Details