BELGRADE,Mont., Aug. 10, 2020 (GLOBE NEWSWIRE) Xtant Medical Holdings, Inc. (NYSE American: XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced that it has entered into a Restructuring and Exchange Agreement with the lenders under its credit facility pursuant to which the parties agreed to take…
DetailsPresident Donald Trump signs executive orders extending coronavirus economic relief in Bedminster, New Jersey, on Aug. 8. JIM WATSON | AFP | Getty Images Trump’s executive order has already been called unconstitutional, and higher-education expert Mark Kantrowitz said he believes the president doesn’t have the legal authority to implement a payment pause and interest waiver…
DetailsA former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…
DetailsAugust 10, 2020 07:30 ET | Source: FTI Consulting, Inc. WASHINGTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that 26 professionals from the firms Corporate Finance & Restructuring segment have been named to the Whos Who Legal: Restructuring & Insolvency Advisers 2020 list, up from 23 professionals in 2019.…
DetailsThe shutdown of businesses across the world to halt the spread of the coronavirus has led to a collapse in corporate income. Government support schemes, whether ad hoc bailouts or loan guarantees and employment subsidies, have helped shield some businesses from the worst of the storm. Many, however, are quickly approaching the crunch point when…
DetailsIconic Aussie swimwear brand Seafolly has purchased rival brand JETS in a strategic move to help lift both companies out of voluntary administration. Seafolly collapsed into receivership in late June, before it was sold to American-owned private equity company L Catterton by administrators KordaMentha. JETS swimwear suffered a similar fate in May, when its parent…
DetailsA former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…
DetailsImage copyright AFP Sandwich chain Pret A Manger has confirmed that it has asked thousands of staff to work fewer hours, as part of a post-pandemic restructuring. Despite the easing of coronavirus lockdown restrictions, trading continues to be slow as many office workers are still at home. Staff in stores have been asked to work…
DetailsMany Americans are struggling to meet their credit card mills during the pandemic. zenstock | iStock | Getty Images Amid one of the worst downturns in U.S. history, nearly 80% of credit card holders say they’re worried they won’t be able to continue making even the minimum payments on their debt. The figure comes from…
DetailsAustralians who activated hardship programs from their energy provider should be able to access them for the rest of the year after a major ruling from a key advisory body. The Australian Energy Market Commission (AEMC) on Thursday declared most energy providers could defer their network bills for six months giving them the financial breathing…
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