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DetailsIf youre in a deep financial hole, is it worth considering bankruptcy and what happens if you do? We get some expert insight. By Mark van Dijk It can happen to anyone even famous folks like Mike Tyson, 50 Cent and Donald Trump (six times!) but what exactly does it mean? And what happens when…
DetailsWith millions of Americans out of work and much of the economy still shut down, more and more people are falling further into debt. First, dont panic. says Leslie Tayne, a debt settlement attorney based in New York. Debt goes up and down in your life, and sometimes you take it on when you dont…
DetailsBy Wayne Robinson | 5 August 2020 Former marketing services powerhouse Salmat will ask its general meeting at the end of the month for approval to delist, wind itself up, and appoint liquidators. Two blokes and a map: Phil Salter and Peter Mattick in 1979 The company, which enjoyed supersonic growth for 35 years, sold…
DetailsVirgin Atlantic has declared itself bankrupt and is seeking protection from creditors in the US, according to a court filing in New York on Tuesday. The airline is seeking the protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. The announcement comes little more…
DetailsAugust 04, 2020 08:00 ET | Source: Epiq NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) — Epiq, a global legal services company, announced today that its corporate restructuring business has earned the top ranking in the advisory league tables for claim agent retentions in Chapter 11 bankruptcy cases according to Debtwires Restructuring Data Report. Epiq…
DetailsUpdated: 2:12 p.m., Tuesday, Aug. 4, 2020 FBI agents raided a Downtown Cleveland high-rise office building that has been linked to Ukrainian oligarchs in a 2019 lawsuit alleging money laundering. A bureau spokeswoman confirmed agents were present at One Cleveland Center on East 9th Street Tuesday morning. The building belongs to Optima Management Group, a…
DetailsPizzaExpress has put its UK business up for sale and warned of 1,100 job cuts as it takes more drastic action to stave off collapse as the coronavirus crisis deepens for the casual dining sector. The 55-year-old Italian pizza chain will close 67 restaurants 15 per cent of its UK estate and offload its Chinese…
DetailsCo-founders Kristina Karlsson, who started the business in 2001, and Paul Lacy will continue to run the business and will remain shareholders, with kikki.K operating as an Australian sister company to Erin Condren. Following the collapse, nine potential buyers expressed their interest in the brand within 24 hours, the founders said, and customers flocked online…
DetailsAugust 04, 2020 08:00 ET | Source: Epiq NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) — Epiq, a global legal services company, announced today that its corporate restructuring business has earned the top ranking in the advisory league tables for claim agent retentions in Chapter 11 bankruptcy cases according to Debtwires Restructuring Data Report. Epiq…
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