As part of the agreement, the company is expected to forgo collecting nearly $493.7 million in debts owed by former students, including an estimated $12.2 million for about 4,800 Ohioans. This settlement will provide debt relief for thousands of former students, and it will require Career Education Corporation to take specific steps to help prospective…
DetailsJOHANNESBURG, Jan 4 (Reuters) – Angolas central bank said on Friday it was withdrawing the licences of two small lenders, Banco Mais and Banco Postal, and said they should both be declared bankrupt. The National Bank of Angola said the two lenders had missed a Dec. 31 deadline for complying with new capital requirements, according…
DetailsBusiness News of Friday, 4 January 2019 Source: classfmonline.com National Investment Bank The Governor of the Bank of Ghana, Dr Ernest Addison, has announced that the government of Ghana intends restructuring the National Investment Bank (NIB) and Agricultural Development Bank (adb) to ensure they focus on industrialisation and agriculture, respectively. Speaking at a press conference…
DetailsFRANKFORT Attorney General Andy Beshear announced Friday a consumer protection settlement benefiting nearly 700 students in Kentucky and Southern Indiana who attended one of the states for-profit colleges, Spencerian. Under the terms of the settlement, Sullivan University, which owned Spencerian, has agreed to forgive more than $1.7 million in private loan debt and provide other…
DetailsMUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S…
DetailsThe Skattemyndighederne tax authorities have written off 5.8 billion kroner from the bills of nearly half a million people in Denmark, reports Politiken. Some 485,000 have benefited from a move that was approved by Parliament. Many are believed to be benefit recipients, early retirement pensioners and people on early retirement, and most were informed in…
DetailsClothing retailer FULLBEAUTY Brands Inc. announced that it has entered into a comprehensive Restructuring Support Agreement with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners, holders of 100% of its first-in, last-out term loan claims, holders of over 99% of its first lien term loan claims, and holders of over 95%…
DetailsMEDINA, Ohio–(BUSINESS WIRE)–RPM International Inc. (NYSE: RPM), a world leader in specialty coatings and sealants, today reported financial results for its fiscal 2019 second quarter ended November 30, 2018. Second-Quarter Results Fiscal 2019 second-quarter net sales were a record $1.36 billion, up 3.6% over the $1.32 billion reported a year ago. The quarters results include…
DetailsThe engineering arm of Monarch Airlines, the holiday carrier that collapsed in 2017, has been put into administration with the immediate loss of 408 jobs. Administrators KPMG were called in after Monarch Aircraft Engineering, the last remnant of Monarch Airlines and which provides aircraft maintenance services and has a training academy, ran into financial difficulties…
DetailsDear Sir / Madam, We would like to inform you that the brief particulars of the invitation for expression of interest in Form G as required under the applicable provisions of the Insolvency and Bankruptcy Code, 2016 read with rules and regulation made thereunder has been published on the website of the corporate debtor. The…
Details