ESM implements short-term debt relief measures for Greece – Hellenic Shipping News Worldwide

The European Stability Mechanism (ESM) has successfully implemented the short-term debt relief measures for Greece over the course of 2017. The package is intended to reduce the interest rate risk on Greeces outstanding loans with the European Financial Stability Facility (EFSF) and ESM. It is expected to substantially reduce the countrys debt burden over the…

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Quest Obtains a Fifth Extension of the Delay to File a Proposal Under the Bankruptcy and Insolvency Act (Canada) – GlobeNewswire (press release)

December 04, 2017 20:02 ET | Source: Quest Rare Minerals Ltd. MONTREAL, Quebec, Dec. 04, 2017 (GLOBE NEWSWIRE) — Quest Rare Minerals Ltd. (the “Company” or “Quest”) announced that on December 4, 2017, the Superior Court of Québec granted Quest Rare Minerals motion for an extension of the delay to file a…

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Ameritech Financial Reminds PLUS Loan Borrowers That Their High Debt is Not Unmanageable – PR Newswire (press release)

ROHNERT PARK, Calif., Dec. 4, 2017 /PRNewswire/ — PLUS loans are federal student loans available for graduate and professional students to help them pursue their advanced education dreams. However, with the higher interest rates and other contributing factors, borrowers who have PLUS loans often hold more debt than those who don’t. Higher debt means higher…

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NCLT clears liquidation of Gupta Coal India; had debt of Rs 2580 cr – Financial Express

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India.(Representational image) The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India, sources aware of the development told FE. The Nagpur-based firm had filed a petition for the initiation of…

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Zebra Technologies Completes Comprehensive Debt Restructuring … – Business Wire (press release)

LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–Zebra Technologies Corporation (NASDAQ: ZBRA), the market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, announced that today it has completed the comprehensive plan to restructure its debt, which was initiated in July 2017. Today, the company redeemed the remaining $300…

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Pittsfield: Micro-grants help BCC students reduce debt – Berkshire Eagle

PITTSFIELD Berkshire Community College, with sponsorship from Guardian Life Insurance Company of America, is offering select students micro-grants to help them pay their past-due debts and stay on track to graduate. The program is called the “Guardian Value Scholarship,” which identifies students who are in good academic standing but unable to re-enroll due to college…

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Professionals knock NCLT doors to keep cos under insolvency running – Times of India

Coimbatore: Operational hurdles, including that from non-cooperative promoters and staff of company under insolvency process is forcing interim resolution professionals (IRPs) to move National Company Law Tribunal (NCLT). In a recent case involving ABG Shipyard, Sundaresh Bhat, the IRP, moved the Ahmedabad bench of the NCLT to stop an electricity company from disconnecting power supply…

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