Citizens Advice has reported a sharp rise in people seeking help with bailiff-related issues as vulnerable consumers are targeted by increasingly aggressive debt collection methods. The number of reported problems with bailiffs exceeded 103,000 in the 12 months to March 31 this year a 16 per cent increase on the previous year which Citizens Advice…
Details(Bloomberg) — A series of bankruptcy filings by major private-sector bond issuers in Chinas third-wealthiest province is shining a spotlight on aggressive efforts by local governments to manage unsustainable debt loads. Four debtors have entered bankruptcy procedures since the start of November in Dongying, a city of 2 million in the eastern province of Shandong…
DetailsThe insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has summarised the Supreme Courts landmark judgment that struck down the RBIs February 12 circular last year on stressed assets, raising awareness on how the apex court has dealt with the issues concerned. The analysis brings to the fore that, on various counts as held…
DetailsAUSTIN, Texas, April 03, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that, after engaging in extensive, arms-length, good-faith negotiations, it and holders of approximately 84% in principal of the First Lien Notes and approximately 84% in principal of the Unsecured Notes entered into a restructuring support…
DetailsPiper Alderman has attracted an insolvency and reconstruction expert in Melbourne. The national firm has welcomed Louise Thompson as special counsel, adding more than 15 years experience acting for a wide range of insolvency practitioners to the firm. She joins insolvency and reconstruction partners Michael Lheude and Joanne Hardwick in the Victorian capital. The appointment…
DetailsTrade union Prospect has hit out at BTs drawn out plans to cut 13,000 staff as part of a restructuring plans to cut 1.5 billion a year from the spreadsheets. Holding an open ballot to measure the reception of BTs People Framework, the proposed organizational structure following the restructure, BT employees represented by Prospect have…
DetailsXiaomi is one of the few manufacturers with its own in-house semiconductor business. The wholly-owned Songguo Electronics is best known for its Surge S1 chip which powers the Mi 5C. Latest reports say Xiaomi has restructured the business and has even formed another company too. According to an internal memo, the restructuring has led to…
DetailsSimon Jordan says Bolton Wanderers prospective new buyer is EVEN WORSE than current owner Ken Anderson. English businessman Laurence Bassini wont have Boltons best interests in mind, according to the talkSPORT pundit, who added: just ask Watford fans. Former Watford owner Bassini was revealed as the man set to save Bolton from impending liquidation during…
DetailsBankrupt smartphone-maker Gionee Communication Equipment Co. Ltd.s liabilities are more than double its current assets, the administrator handling the case said, as the former high-flyer prepares to be liquidated after falling victim to intense competition. The administrator disclosed its estimates of Gionees assets and liabilities at the first meeting of the companys creditors on Tuesday…
DetailsBolton have been granted a further stay of execution by the High Court, while controversial former Watford chairman Laurence Bassini has been confirmed as the clubs prospective buyer. The Sky Bet Championship outfit were back in court on Wednesday facing a winding-up petition over an unpaid tax bill but the case has…
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