Stricter regulation needed as personal insolvencies set to rise by 17 … – Global Banking And Finance Review (press release)

Bankruptcy

Following the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online:  The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…

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NCLT to hear Adhunik’s plea for extension of insolvency proceedings timeframe – Business Line

Bankruptcy

The Resolution Professional (RP) of Adhunik Metaliks Ltd has sought exclusion of 20 days from the mandatory 270-day timeframe required to complete an insolvency process. The 270-day deadline granted to the bankrupt company under the corporate insolvency resolution process (CIRP) expired on April 29. While no resolution plan was approved by the Committee of Creditors…

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TickPick Acquires Secondary Staple Razorgator; Co-CEO Calls It An Important Acquisition Of Major Marketplace – Pollstar

Bankruptcy

Brett GoldbergTickPick Co-founder and Co-CEO Secondary marketplace TickPick is acquiring the brand and ticket resale platform Razorgator, which had declared financial insolvency in February. TickPick made the announcement today, and cofounder/co-CEO Brett Goldberg spoke with Pollstar about where Razorgator is headed after financial woes led to many customers purchasing tickets not honored at venues. The…

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BRIEF-Gibson Brands Reaches Restructuring Support Agreement To Reorganize Around Core Businesses – Reuters

Restructuring

May 1 (Reuters) – Gibson Brands Inc: * GIBSON BRANDS REACHES RESTRUCTURING SUPPORT AGREEMENT TO REORGANIZE AROUND CORE BUSINESSES * GIBSON BRANDS INC – TRANSACTIONS TO BE EFFECTUATED THROUGH PRE-NEGOTIATED CHAPTER 11 FILINGS * GIBSON BRANDS INC – SECURED $135 MILLION IN DEBTOR IN POSSESSION FINANCING * GIBSON BRANDS – REACHED RESTRUCTURING SUPPORT AGREEMENT WITH…

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BRIEF-Gibson Brands Reaches Restructuring Support Agreement To Reorganize Around Core Businesses – Reuters UK

Restructuring

May 1 (Reuters) – Gibson Brands Inc: * GIBSON BRANDS REACHES RESTRUCTURING SUPPORT AGREEMENT TO REORGANIZE AROUND CORE BUSINESSES * GIBSON BRANDS INC – TRANSACTIONS TO BE EFFECTUATED THROUGH PRE-NEGOTIATED CHAPTER 11 FILINGS * GIBSON BRANDS INC – SECURED $135 MILLION IN DEBTOR IN POSSESSION FINANCING * GIBSON BRANDS – REACHED RESTRUCTURING SUPPORT AGREEMENT WITH…

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Gibson Brands Reaches Restructuring Support Agreement to Reorganize Around Core Businesses – PR Newswire (press release)

Restructuring

To implement the agreement, the Company and its U.S. subsidiaries today filed pre-negotiated reorganization cases under Chapter 11 of the U.S. Bankruptcy Code. The filings will allow the Company’s Musical Instruments and Professional Audio businesses to continue to design, build, sell, and manufacture legendary Gibson and Epiphone guitars, as well as KRK and Cerwin Vega…

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JumpClimb closure leaves unpaid Fringe World artists worried – OUTinPerth

Liquidation

The Fringe World festival team have confirmed today that one of their largest affiliated events management companies may be preparing for voluntary administration. JumpClimb, an independent presenter of Fringe World events, were behind a number of venues and events at the 2018 festival including the ever-changing Noodle Palace venue. The company posted a message to…

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