Unsecured creditors of Ciber Inc are seeking a court order allowing them to file a liquidation plan for the bankrupt information technology company, arguing talks over winding it down are stalled and its insiders are angling to protect themselves. In court papers filed on Friday, Cibers official committee of unsecured creditors said the IT-consulting company…
DetailsWhen Laurel Taylor launched FutureFuel in 2016, she had one goal in mind: Put a dent in the $US1.47 trillion in student debt (and growing) held across the United States. FutureFuel helps companies offer student debt repayment as an employee benefit. Among its customers are Mashable and Affinity. Users today prefer student debt repayment over…
DetailsChennai: With the northeast monsoon likely to strike by the second week of October, Tamil Nadu Electrical Inspectorate (TNEI) on Monday urged the power consumers to take protective measures. In a press statement, the chief electrical inspector to government urged the public to stay away from transformers, pillar-boxes, electrical poles and government electrical appliances. The…
DetailsJane Merrick IAG is restructuring its marketing department to allow for a new brand strategy across the business. As a result, Jane Merrick, general manager of marketing at IAG, has exited the insurance firm after eight years. CMO Brent Smart, who took on the role in February, has put in place the major overhaul of…
DetailsAmerican broadcasting giant CBS has increased its bid for the Ten Network, heading off a renewed offer by Australian billionaires Bruce Gordon and Lachlan Murdoch. TV pioneer Gordon and Twenty-First Century Fox executive chairman Murdoch had offered Tens unsecured creditors, excluding CBS, $35 million, or 13.40 cents in the dollar, compared with $32 million, or…
DetailsSears Canada could survive bankruptcybut with only a fraction of its locations intact. Former Sears Canada executive chairman Brandon Stranzl, who stepped down from his position last month to pursue a deal for the retail chain, has reportedly garnered interest from a private equity firm for a buyout. Referencing unnamed sources, The Wall Street Journal…
DetailsBengaluru: The Chennai bench of National Company Law Tribunal (NCLT) today ordered commencement of the corporate insolvency resolution process against online homestay startup Stayzilla and asked them to pay the outstanding dues to JigSaw Advertising and Solutions. “The operational creditor (Jigsaw) has fulfilled all the requirements of law …We are satisfied that corporate debtor (Stayzilla)…
DetailsPeople who say there is no such thing as failure have never either truly failed at anything or had to declare bankruptcy. Failure is not simply a blessing in disguise, a shut door that simultaneously swings open to a new one of superior realm of reward leading you to think “if only I had…
DetailsBURBANK, Calif., Sept. 18, 2017 /PRNewswire/ — Zetta Jet announced today that on September 15, 2017, Zetta Jet Pte. Ltd and its U.S. subsidiary, Zetta Jet USA, Inc., filed voluntary bankruptcy petitions under Chapter 11 of the U.S. Bankruptcy Code to seek to restructure their debt while continuing normal business operations. The Company said that the…
DetailsEmpire Oil & Gas subsidiary Empire Oil Company has entered voluntary administration shortly after going into receivership. The Empire subsidiary entered receivership yesterday after lender Mineral Resources issued the company a default notice for a $15 million loan and a deed of appointment of receivers and managers. Deloitte was then appointed as receivers and managers…
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