ForeverGreen Completes Restructuring and Focuses on Growth – Utah Business

Restructuring

LindonForeverGreen Worldwide Corporation, a global direct marketing company and provider of health and wellness products has completed its planned consolidation and restructuring of the company, including reducing overhead costs, streamlining the companys product offerings, reducing shipping costs, reduction of personnel and consolidating domestic and foreign warehouse and office spaces. These strategies were directed to reduce…

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No plans to waive corporate loans; banks should resolve stressed accounts or start insolvency proceedings: Govt – The Indian Express

Liquidation

By: PTI | New Delhi | Published: December 29, 2017 5:26 pm Shiv Pratap Shukla was replying to a question if the government has taken note on nation-wide strike by bank employees against various moves, including increase in bank charges, merger of banks and waiver of corporate loans. Related News The government on Friday said…

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Chinese ‘shadow debt’ an $18.5 TRILLION market which could COLLAPSE the banking system – Express.co.uk

Gambling

Shadow debt broadly refers to a type of wealth management products (WMPs) that are sold off the books to Chinas swelling middle-class as they look for risk-free savings options preferable to the gambling culture of the stock market while offering superior returns when compared to the savings rates offered by banks. Savers are usually offered…

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‘Six months after getting a loan for a tractor and shed, I lost my job. What can I do?’ – Independent.ie

Bankruptcy

In the event that the debt becomes significant, the bank or financial institution may bring Court proceedings against you to recover the debt.  The bank normally brings two types of proceedings: 1)         Debt Claim 2)         Possession The former is where banks seek to recover the amount due to them and the latter is where they…

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Lok Sabha passes amendments to insolvency bill to bar defaulters from bidding process – Business Today

Bankruptcy

 BusinessToday.in   New Delhi     Last Updated: December 29, 2017  | 18:37 IST The Lok Sabha approved the Insolvency and Bankruptcy (Amendments) Bill, 2017 on Friday that bars wilful defaulters and promoters from bidding for companies awaiting insolvency resolution. This is to plug the loopholes in the resolution process and by being selective about who can participate in it. Tabled…

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Wanda Internet Business Restructures Operations, President Says – Bloomberg

Restructuring

Dalian Wanda Group Co.s struggling Internet business is restructuring, the units President Qu Dejun said on a personal social-media account, after the state news organization The Paper reported the company would cut more than 1,000 jobs. The closely held Internet group within billionaire Wang Jianlins real-estate-to-entertainment conglomerate is undergoing a partial restructuring for better, faster…

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Birner Dental Management Services, Inc. Announces Successful Capital Raise, Debt Restructuring And Changes To … – Markets Insider

Restructuring

DENVER, Dec. 29, 2017 /PRNewswire/ — Birner Dental Management Services, Inc. (OTCQX: BDMS), business services provider of PERFECT TEETH® dental practices, announced today that the Company completed a private placement of $5 million of convertible senior subordinated secured notes and attached shares of Series A Convertible Preferred Stock with Palm Active Dental, LLC and Palm Global…

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