Communications Systems Inc. Announces Year End Corporate Restructuring and Reduction of Its Quarterly Dividend – PRNewswire

Restructuring

MINNEAPOLIS, Dec. 12, 2018 /PRNewswire/ —Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), a global provider of connectivity infrastructure and services for deployments of broadband networks, today announced it will initiate a series of restructuring measures by year end that will materially reduce expense levels in its corporate operations and in its Suttle business.…

Details

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Liquidation

This is to inform you that 7th Meeting of Committee of Creditors (CoC) was held on 10.12.2018.In the meeting, the Chairperson placed before the meeting the Resolution Plans received from two Resolution Applicants. The COC Members discussed and decided to invite the Resolution Applicants for their presentation on the Resolution Plans in the next meeting…

Details

New insolvency rules to protect legit creditors | My Business – My Business

Bankruptcy

Dodgy insolvency practitioners will now find it harder to facilitate illegal phoenix activity under the governments new rules to restrict the voting right of certain creditors to prevent collusion. Assistant Treasurer Stuart Robert announced the introduction of the new insolvency practice rules that will restrict the voting rights of certain creditors related to a phoenix…

Details

Customers of payday lenders are ashamed, broken and suicidal, Senate inquiry told – The Australian Financial Review

Debt Help

“There are some people for whom payday lenders is appropriate,” Ms Guthrie said. However, very few FCA clients would enter into such arrangements after an initial consultation, it was heard. FCA counsellor Sandra Blake, who appeared alongside Ms Guthrie at the hearings, said she had not seen one instance where payday loans had been useful…

Details

EXCLUSIVE:CEDIA Installer Group Liquidation Woes Revealed – ChannelNews

Bankruptcy

An investigation by ChannelNews has revealed that the directors behind BSR Group a Brisbane based custom installer Company have been the principle executives linked with three Companies that have been placed into liquidation since 2015. The three Companies are Digital Residence, Pure Innovations and Look & Listen which they took over earlier this year after…

Details