Founder and CEO of LendStreet, Jerry Nemorin.LendStreet Americans are sinking in debt. Over 70% of Americans die in debt with credit card and mortgage balances being at the top of the list. A number reasons and choices can cause anyone to fall into debt. Unexpected life moments like the death of a spouse, lost of…
DetailsHome-grown electronics retailer Newstead Technologies, which owns brands such as nbox, Digital Style, and @notebook.com is currently in liquidation. A listing onthe Accounting and Corporate Regulatory Authoritys (ACRA) Business Filing Portal indicated that the companys status wasin liquidation creditors voluntary winding up. According to The Straits Times, this refers to the process in which a…
DetailsLUXEMBOURG, Oct. 8, 2018 /PRNewswire/ –QGOG Constellation S.A. (“QGOG Constellation” or the “Company“) has been involved in discussions and negotiations with certain holders (and investment managers for certain holders) (each, a “Noteholder“) of the 9.00% Cash / 0.50% PIK Senior Secured Notes due 2024 (the “2024 Notes“) issued by the Company pursuant to that indenture…
DetailsWith the decision of the Kurzeme District Court from August 09th, 2018 was announced an insolvency proceedings of AS Tosmares kuubvtava, hereinafter referred to as the Company, and certified insolvency administrator Ivars Meis, certificate No.00448, was appointed as the administrator of insolvency proceedings of the Company. During the insolvency proceedings the creditors of the Company…
DetailsInsolvency is something no business owner or company director wants to have to deal with. But its unfortunately a reality for many businesses and its always better to understand what can be done to salvage the company before having to resort to liquidation. In this article, were going to give you some of the…
DetailsHouse of Fraser concession partner Ehab Shouly is considering legal action against the companys administrator Ernst & Young (EY). Shouly, owner and co-founder of The Tea Terrace, which operates three cafes within House of Fraser stores, claims he is owed over 300,000 from House of Fraser, equating to two months worth of sales. He argues…
DetailsThe Insolvency& Bankruptcy Board of India (IBBI) is framing rules that will enable creditors to chase guarantors of defaulting companies to recover dues, sources told The Times of India. This move is expected to help lenders tighten their grip around companies and promoters. These guidelines will be ready within a few weeks andwill help banks…
DetailsRepresentative Image  New Delhi: The Insolvency & Bankruptcy Board of India (IBBI) is preparing guidelines to enable creditors to recover dues from guarantors of companies if the company fails to pay its dues. According to a report in the Times of India, the insolvency regulator is expected to come out with guidelines in next few…
DetailsActivity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing. Despite the modest improvement in overall activity levels, firms shed staff, reporting a reduction in order backlogs and intense margin pressures. Activity in Chinas manufacturing sector was unchanged in September, the weakest result in nearly a year. Activity…
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