Shoppers left without lay-by answers as Bubs Baby Shops collapses into voluntary administration – SmartCompany.com.au

Liquidation

Customers have taken to Facebook with questions about lay-by orders and the future of stores after baby supplies retail chain Bubs Baby Shops collapsed into voluntary administration last week, leaving 70 workers with uncertain futures. According to ASIC notices published on Tuesday, Simon Cathro and Christopher Cook of Worrells Solvency were appointed as voluntary administrators of nine company entities…

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PwC appointed administrator of Ostwald Bros … – Queensland Country Life

Liquidation

Ostwald Bros, a Queensland-based engineering and construction company servicing the mining and agriculture sectors has placed itself into voluntary administration, putting nearly 470 jobs at risk. Derrick Vickers and Sam Marsden of PriceWaterhouse Coopers Australia (PwC) have been appointed voluntary  administrators of Ostwald Bros Pty Ltd, and two related entities; Ostwald Bros Civil Pty Ltd and Ostwald Bros Construction…

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Small creditors use India’s new bankruptcy rules to put the squeeze on big players – Economic Times

Bankruptcy

MUMBAI: In late June, one of India’s top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000. Two weeks on, the matter was settled, with dues paid off. The case illustrates how small creditors and vendors, previously at the mercy of large debtors,…

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Jeremy Corbyn needs £60bn to write off student debt and it would help the richest more than poor youngsters – The Sun

Debt Help

JEREMY CORBYN would have to find a whopping £60BILLION to write-off student debt, experts claim. And the Institute of Fiscal Studies said the astronomical bill would only cover debt built up by students from 2012 when fees rose to £9,000 a year. PA:Press Association Jeremy Corbyn has pledged to ‘deal with’ student debt The report…

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Maersk’s former head praises restructuring efforts – CNBC

Restructuring

Shipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company’s former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy operations an effort that’s been many years in the making, Nils Andersen told CNBC on Friday. Maersk share…

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Aerosoles Files Chapter 11 to Implement Operational and Financial Restructuring – Markets Insider

Restructuring

EDISON, N.J., Sept. 15, 2017 /PRNewswire/ — AGI HoldCo, Inc., a multi-channel leading women’s footwear brand doing business as Aerosoles, announced today that it, along with certain of its subsidiaries (collectively, “Aerosoles” or the “Company“), have voluntarily filed petitions to reorganize under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for…

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