Martin Building Services, liquidation ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and owner Denis Martin. James Shaw, a partner of Shaw Gidley…
DetailsMaintaining a budget is one of the keys to avoiding debt, but during the holidays, it may be more challenging to stick to it. With the purchase of gifts, fancy dinners and decorations, it can be nearly impossible to make it through the season without incurring a little credit card debt. In fact, about 15%…
DetailsNEW YORK, Jan 25 (LPC) – US high-grade companies, including Bristol-Myers Squibb, are boosting the loan element of multibillion dollar acquisition financings in a move that could stretch some banks balance sheets. Loans are currently cheaper than bonds, which is prompting companies to increase Term Loan A paper and potentially postpone tapping volatile and expensive…
Details| 2 days ago Nothing ruins a festive mood like thinking about student loan payments. AB InBev brand Natural Light has found a sizable portion of its audience with drinkers in their early 20s (with whom it is better known as Natty Light), largely due to its low price tag. So it made sense that…
DetailsBusiness News of Saturday, 26 January 2019 Source: 3news.com Felix Addo The Bank of Ghana (BoG) has appointed Felix E. Addo as an Advisor for the National Investment Bank (NIB) to help improve the banks affairs. Mr. Addos appointment is pursuant to Section 101 (1) of the Banks and Specialised Deposit-Taking Institutions Act of 2016…
DetailsSir, Your article Master of High Court flattered after debt cases removed from remit (January 25th) repeats the sick joke claim by Edmund Honohan that the Abhaile scheme which serves to assist distressed mortgage borrowers was . . . .merely a voucher for 200 worth of legal advice before you go to the Circuit Court.…
DetailsThe Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to ensure that corporate resolution plans, once approved, are not withdrawn on a whim. The idea is to encourage only those resolution applicants who are genuine, credible, and capable of submitting…
DetailsThe resolution professional would also have to attach the evidence of the performance security while submitting the resolution plan with NCLT for approval. Months after UK-based Liberty House failed to meet its payment commitment to acquire stressed Amtek Auto, the insolvency regulator has tightened regulations to mandate that successful resolution applicants will have to provide…
DetailsHow are businesses in the U.K. faring as Brexit looms? Not well, if a boom in insolvency and restructuring advice and the level of unpaid tax bills are any guide. Members of the trade body R3, which represents restructuring advisors, are anecdotally reporting increasing demand for help and advice from businesses and individuals, according to…
DetailsNEW YORK, Jan. 24, 2019 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of The Goldman Sachs Group, Inc., Nova LifeStyle, Inc., Yangtze River Port and Logistics Limited, and YRC Worldwide Inc. Stockholders have until the deadlines listed below to petition the…
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