By Tim Aldred Posted on: 17th October, 2018 at 8:20 am Simply Corporate, a business rescue and recovery specialst, has launched with the opening of a new office at Ribble Court, Padiham. The practice has been founded by Natalie Hughes, Alison Butler and Andy Platt. Natalie and Andy have worked together for the past ten…
DetailsA Perth-based startup that received over $65 million from investors has been placed into liquidation with just $50,000 left in the bank, with a Federal Court judge haranguing the company for having an app that does not work. The startup, Bux Global, was launched in 2016 and spruiked itself as a mobile app which allowed…
DetailsThis is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 2nd Meeting of the Committee of Creditors (the CoC) of Uttam Value Steels Limited (the Company) was held on 11th October, 2018 to discuss…
DetailsLenders of insolvent Bhushan Power & Steel (BPSL) have chosen the Rs 197-billion bid of JSW Steel. The committee of creditors (CoC) voted by a 66.6 per cent majority in its favour. Tata Steel and Liberty House were also in the race to acquire the company after the National Company…
DetailsCoimbatore: In a ruling that would benefit workers seeking initiation of insolvency against their employer for pending wages, the National Company Law Appellate Tribunal (NCLAT) has said that eligible employees can be represented through a single application. With this, the NCLAT has overturned the order by the National Company Law Tribunals (NCLT), Kolkata bench that…
DetailsThere has been a significant increase in calls to debt assistance services by seniors this year, including those struggling with their mortgage repayments. According to recent statistics from the National Debt Helpline, a free independent service launched in 2011 for Australians experiencing financial difficulty, the helpline received more than 120,000 calls from January to August…
DetailsIan Berry/CNNMoney Ian Berry/CNNMoney … Read the full article at: https://www.keyt.com/news/education/judge-unblocks-obama-rule-on-student-debt-relief/807888198
Details(CNN) – An Obama-era rule designed to help students cheated by for-profit colleges get relief on their education debt finally took effect Tuesday after efforts by the Trump administration to block it. A federal judge ordered immediate implementation of the rule, delayed last year by Education Secretary Betsy DeVos, while a challenge from the for-profit…
DetailsLiquidation sales at select Sears and Kmart stores are expected to begin within the next two weeks. (Jason Rzucidlo/AmericaJR) HOFFMAN ESTATES, Ill. Sears Holdings Corporation (Holdings, we, our, or the Company) (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and…
DetailsSub: Extension of timelines for submission of Expression of Interest (EoI) Dear Sir, This is in reference to the captioned subject and our letter dated 25th September, 2018. We wish to inform you that as part of the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016, Mr. Rajiv…
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