The business, which was founded by the late Antonio Carluccio in 1999, has 103 restaurants in the UK but is seeking approval from landlords to slash rents in a restructuring plan known as a Company Voluntary Agreement (CVA). The CVA, put together by restructuring advisers at KPMG, will allow Carluccios to pay a reduced rent…
DetailsEX-Geordie Shore star Chantelle Connelly has been declared bankrupt. Her financial troubles follow her GBH conviction for punching a woman in a brawl in Newcastle. BackGrid Chantelle Connelly poses in Marbella as it’s revealed she is bankrupt Official papers show the 28-year-old, who is this week sunning herself in Marbella with friends, asked to make herself…
DetailsIs Bank of the Ozarks making overly risky loans? Getty Images If you need relief from your high-interest loans or credit card debt, you may be considering a personal loan. Offered by many banks and credit unions, personal loans let you consolidate or refinance your debt into a lower-interest loan with one fixed monthly payment.…
DetailsA former FC 11 employee claims the sports academy targeted students who “werent smart enough for university and not good enough to play professional sport”. “It was a sham. The entire business was leveraged on government grants, and when the government turned off the tap, the bottom fell out.” FC 11 purchased a licence to…
DetailsEnbridge Inc. announced a restructuring plan Thursday that would see it offer $11.4 billion in shares to co-investors in four affiliated businesses, in order to offset risks caused by the loss of a U.S. tax allowance for certain interstate pipelines. If the series of transactions unfold as anticipated, investors in all the companies and limited…
DetailsROME, May 17 (Reuters) – A proposal by the 5-Star Movement and the far-right League to exclude government bonds held by the European Central Bank from countries debt calculations can help Italy meet European rules on debt reduction, a 5-Star lawmaker told Reuters on Thursday. A draft policy agenda drawn up by the two parties…
DetailsRussia’s VTB Capital-based NuMetal Ltd today told the company law appellate tribunal, NCLAT, that it has offered over Rs 37,000 crore for Essar Steel in the second-round of bidding, which should be opened and the highest bidder be selected from it. ArcelorMittal, the only other bidder to have put in a bid for Essar Steel…
DetailsThe mother allegedly disappeared after the collapse of her marriage, which happened about the time she was declared bankrupt. The court heard she vanished during a custody dispute, and believed the girls were being abused by their father. There was no evidence to support that claim, the court heard. Since the woman was located, the…
DetailsRussia’s VTB Capital-based NuMetal Ltd today told the company law appellate tribunal, NCLAT, that it has offered over Rs 37,000 crore for Essar Steel in the second round of bidding. The company added that the second round of bidding should be opened and the highest bidder be selected from it. ArcelorMittal, the only other bidder…
DetailsMay 17th, 2018 Jason Jiang Asia, Offshore 0 comments Singapore offshore vessel operator Pacific Radiance has announced its intention to pursue a restructuring through the courts via a scheme of arrangement. In order to preserve the proposed restructuring, Pacific Radiances wholly owned unit Pacific Crest had made applications to…
Details