(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday. The companys decision to seek help with…
DetailsDebenhams has cleared a hurdle in its attempt to push through a crucial restructuring plan, dealing a blow to a potential bid for the struggling retailer by Sports Direct chief executive Mike Ashley. The department store chain said it had secured the support of a majority of its bondholders for a series of technical changes…
DetailsBy Christine Lagarde, IMF Managing DirectorBanque de France, Paris March 28, 2019 As Prepared for Delivery Introduction Mesdames et Messieurs bonjour. I would like to thank Governor Villeroy de Galhau for the…
DetailsA separated Limerick couple had almost 3 million worth of debt written off for a payment of 2,000 in a personal insolvency arrangement signed off by the High Court this week. The couple owed the bulk of the unsecured debt to Bank of Ireland arising from a failed hotel and newsagents business. They also owed…
DetailsSeiki Australia has been placed into liquidation with questions now being asked about warranty claims on Seiki TVs following the Companies collapse which took place in 2017. At a recent general meeting of the Company it was resolved that the entity be wound up and that Daniel Jean Civil be appointed liquidators in Australia. The…
DetailsAmid the ongoing fallout of the Hayne banking royal commission, another area of financial services has been subject to quieter reforms: the thriving market for debt agreement and debt consolidation arrangements. As anyone who listens to commercial radio would attest, theres no shortage of providers spruiking their wares as a panacea for indebted consumers…
Details… Read the full article at: http://www.switzer.com.au/the-experts/tim-boreham/debt-consolidation-sector-booms/
DetailsMDX Technology Limited (MDXT), the leading provider of real-time data collaboration and distribution solutions for the global trading community and financial services industry today announces the completion of a corporate restructuring programme. With immediate effect, the new company structure incorporates three entities: MDX Holdings Limited (MDXH), MDX Technology Limited business (MDXT) and the…
DetailsSamantha MelamedThe Philadelphia Inquirer Freddie Nole gave up smoking in 1979, after a bout of pneumonia put him in the hospital. But for the next 40 years, he always kept a pack of cigarettes or a pouch of Kite tobacco in his cell just in case. Youd hold on to Kite, if you could afford…
DetailsCredit: CC0 Public Domain While many of the poor are burdened with debt, helping them financially is controversial, because their debts are often believed to result from bad habits. A new study by the Social Service Research Centre (SSR) at the National University of Singapore (NUS) demonstrates that reducing the number of debt accounts lowers…
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