By Denise Wee November 15, 2017, 2:09 AM EST What a debt restructuring at Noble Group Ltd. might look like has become an even more pressing question after the beleaguered commodity trader started talks with stakeholders on potential options to address its capital structure. The company said discussions are at a preliminary stage and in…
DetailsThis is seen as the main reason for a sharp fall in the number of official personal insolvency settlements being approved. The banks have been accused of a “culture of contempt” for their customers because they are using legal loopholes to block debt settlement deals. The latest figures show the number of personal insolvency arrangements…
DetailsBy Clare Foges For The Daily Mail Published: 13:00 AEDT, 15 November 2017 | Updated: 13:01 AEDT, 15 November 2017 e-mail View comments Miss Coates is the queen of the UKs online gambling industry, a parasite that feeds off the dreams of the poorest and most vulnerable with promises of easy money By any measure,…
DetailsHOUSTON, Nov. 14, 2017 (GLOBE NEWSWIRE) — GulfMark Offshore, Inc. (NYSE American:GLF) (“GulfMark” or the “Company”) today announced that it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The Companys court-approved Plan of Reorganization (the Plan) went into effect today, November 14, 2017. The…
DetailsLanco Infratech’s standalone loss swelled to Rs 575.43 crore in the quarter ended September 30, due to lower revenues . The company’s standalone loss stood at Rs 150.63 crore in the same quarter last fiscal, Lanco Infratech said in a BSE filing today. According to the statement, the company’s total income declined to Rs 21.21…
DetailsMUMBAI: The National Company Law Tribunals Mumbai Chapter may be dealing with the highest number of bankruptcy cases in India, but New Delhi has the highest number of insolvency professionals. The Insolvency and Bankruptcy Board of India (IBBI) has registered 263 chartered/cost accountants or company secretaries from Delhi as insolvency professionals (IPs), who are eligible…
DetailsSenate Democrats are urging Education Secretary Betsy DeVos to process the debt relief claims of 87,000 federal student loan borrowers. (AP) Senate Democrats are urging Education Secretary Betsy DeVos to forgive the federal student loans of borrowers who were defrauded by their colleges, as the number of debt relief claims at the Education Department grows. The Washington Post reported…
DetailsJeff Cox, CNBC Published 9:59 a.m. ET Nov. 13, 2017 CLOSE Here’s the latest for Monday, November 13th: Deadly earthquake near Iran-Iraq border; Trump in Philippines; Two stabbed inside Mall of America; Texas church reopens with memorial inside. AP John Flannery will become CEO of GE on Aug. 1, 2017, replacing Jeff Immelt.(Photo: GE) General…
DetailsThe implementation of the Insolvency and Bankruptcy Code has been one of the most important reforms in recent years. Illustration: Jayachandran/Mint The Indian banking system is struggling with a deluge of bad debt. At the end of the last financial year, total stressed assetsincluding non-performing and restructured assetswere estimated to be at over 12% of…
DetailsLast week, the Consumer Financial Protection Bureau sued Freedom Debt Relief, the nations largest debt settlement services provider, claiming that the company repeatedly lied to its customers about the companys ability to negotiate debt settlements. According to the CFPB, Freedom Debt Relief collects fees from customers without settling their debts as promised, makes customers negotiate…
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