June 12, 2020 13:38 ET | Source: Novelion Therapeutics, Inc. VANCOUVER, British Columbia, June 12, 2020 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions court appointed liquidator (the Liquidator) today provides an update on the Companys voluntary liquidation process (the Liquidation) that started on January 16,…
Details“It’s like a last-ditch attempt to get the last bit of money out of a gambler. I was just disgusted.” Dave, not his real name, has fought gambling addiction nearly his entire life and now has 50,000 of gambling debt spread over up to six credit cards. He’s talking about when he recently saw an…
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DetailsBondholders in the troubled foreign exchange provider Travelex are pressing its syndicate of banks to enter talks about a restructuring after an emergency auction of the business stalled. Sky News has learnt that a group of debt investors which are being advised by the investment bank PJT Partners are pushing Travelex’s banks – which include…
DetailsCorporate reorganization or corporate restructuring, which are interchangeable terms, has become an increasingly relevant topic in Nigeria in the past year, owing to changes in government policies. (Some of the policies influencing corporate reorganizations include the upward review of the minimum share capital requirement of microfinance banks and insurance/reinsurance companies in Nigeria by the Central…
DetailsBondi-based fashion retailer Tuchuzy has gone into voluntary administration. The store, which was founded in 1995 by Daria Sukic, is known for stocking international and Australian designers such as Anine Bing, Alexander Wang, Mara & Mine, Rag & Bone and Saint Laurent. Sukic cites the compounding issues of bushfires, a difficult retail environment and coronavirus…
Detailsnews, local-news, Central West Local Land Services, farm business banking webinar, central west lls, Robinson Sewell Partners, Brad Sewell The Central West Local Land Services will be hosting a second webinar to help the next generation of farmers on debt management and banking on June 17. The webinar will cover how to present information to…
DetailsThe Daniel Wellington flagship store on Auckland’s Queen Street which opened in June 2019 and the Newmarket store closed permanently on 28 May. Posted June 12, 2020 | By Arabella Roden Assistant Editor The New Zealand subsidiary of Daniel Wellington was liquidated on 28 May 2020 less than two years after it was incorporated due…
DetailsPhoto: Getty Images When Christchurch bookkeeper and business owner Lisa Cowe was declared bankrupt in 2017, it was over a $6200 credit card debt owed to the BNZ. Cowe joined 1862 others in bankruptcy that year, many of them voluntarily making the move to clear their debts and attempt to start anew, free of the…
DetailsHertz, the car rental group facing bankruptcy, is looking to sell up to $1bn in stock to take advantage of frenzied trading in its shares, in an unprecedented move for a company whose solvency is in doubt. The proposed cash infusion, outlined in a filing on Thursday, would help fund the companys reorganisation process and…
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