MANY families are bearing the burden of problem debt as households see their outgoings surpass their income for the first time in nearly 30 years. The average person has outgoings of 26,800 a year but only has a disposable income of 20,200, says the Office for National Statistics (ONS). This means they need 6600 a…
DetailsNexus Law Group has added three senior lawyers as group principals. Maria Monastiriotis, Tara Lucke, and Claudio Venegas have joined the firm. Monastiriotis and Venegas join the firms Sydney office, while Tara Lucke will be based on the Gold Coast, the firm said. All three bring their own unique insights and perspectives in their areas…
DetailsNexus Law Group has added three senior lawyers as group principals. Maria Monastiriotis, Tara Lucke, and Claudio Venegas have joined the firm. Monastiriotis and Venegas join the firms Sydney office, while Tara Lucke will be based on the Gold Coast, the firm said. All three bring their own unique insights and perspectives in their areas…
DetailsThe Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT) before any decision was taken on ArcelorMittals bid for the company. The court also rejected their plea seeking a stay on the National Company Law…
DetailsArconic Inc., headquartered in New York City, has reported its financial results for the fourth quarter and full year of 2018 and announced a restructuring of the company into two separate firms. After a rigorous and comprehensive process, we did not receive a proposal for a full-company transaction that we believe was in the best…
DetailsArconic Inc., headquartered in New York City, has reported its financial results for the fourth quarter and full year of 2018 and announced a restructuring of the company into two separate firms. After a rigorous and comprehensive process, we did not receive a proposal for a full-company transaction that we believe was in the best…
DetailsA 24-year-old windows and conservatories company in North Somerset has gone into liquidation after falling into financial difficulties. Brorn Windows, which is based in Congresbury, designs and fits windows and conservatories across the Bristol area. The company has employed an insolvency practitioner to oversee the winding up of the business and pay off its creditors.…
DetailsLAFAYETTE, La., Feb. 11, 2019 (GLOBE NEWSWIRE) — PetroQuest Energy, Inc. today announced that the conditions to effectiveness of the Companys Chapter 11 Plan of Reorganization, which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on January 31, 2019, have been satisfied and the Company has emerged from bankruptcy.…
DetailsLONDON, Feb. 11, 2019 /PRNewswire/ –As consumers continue to face increasing debt levels and expenses, new data from Auriemma Consulting Group suggests that balance transfer offers continue to be an effective tool for consumers who are struggling to pay down their debt. Balance transfers can help consumers better organise and pay down their debts by…
DetailsThe twentieth meeting of the Committee of Creditors of the Corporate Debtor was held on 02 February 2019 at 11:00 AM at Ambition Room, Grant Thornton India LLP, 16th Floor, Tower II, India bulls Finance Centre, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013, India. The outcome of the meeting is summarized as herein below: 1.…
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