Samuels Jewelers Continues Normal Operations During Financial Restructuring Process – PR Newswire (press release)

AUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ — Samuels Jewelers, Inc. affirmed today that the Company’s approximately 122 stores and its e-commerce site are open for business and are continuing to offer customers great service and a curated assortment of merchandise in fine jewelry. Samuels Jewelers, Inc. is implementing a court-supervised process in the United States…

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Abraaj investors hire Alvarez & Marsal to help recover $99 million in debt – Consultancy-me.com

Leading forensics and restructuring firm Alvarez & Marsal has been brought in by investors in the embattled Abraaj Group to help recover nearly $100 million in outstanding debt, as the long-running saga draws closer to its sorry conclusion. Following an initial investigation triggered by complaints from high-profile investors late last year over alleged mismanagement of…

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Katie Price ‘bankruptcy’: Star could be declared financially insolvent TODAY as she appears in court… amid claims … – Daily Mail

Katie Price ‘bankruptcy’: Star could be declared financially insolvent TODAY as she appears in court… amid claims she’s selling her £2 million mansion  Katie will appear in court on Tuesday for a financial hearing The mother-of-five was believed to be facing bankruptcy last year, with reports claiming she shells out £10,000 a month to maintain…

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Over £390000 of employment tribunal awards unpaid last year due to insolvency – People Management Magazine

Although no further details of the companies involved were disclosed, the figures could suggest problems with phoenixing where company owners make their business insolvent to avoid paying tribunal awards or other penalties, only to set up a new, almost identical company shortly afterwards.  In the current climate, where we hear of town centres being depleted…

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Katie Price avoids being declared bankrupt as court hearing is adjourned for three months – Evening Standard

Katie Price has avoided being declared bankrupt after a High Court hearing over her finances was adjourned for nearly three months. A judge at the Rolls Building in central London agreed to put off a hearing while the ex-glamour model tries to reach an agreement with her creditors. … Read the full article at: https://www.standard.co.uk/news/uk/katie-price-avoids-being-declared-bankrupt-as-hearing-is-adjourned-for-three-months-a3905421.html

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