Brian Pfeiffer. Courtesy photo White & Case has lured away Schulte Roth & Zabel partner Brian Pfeiffer as part of an expansion of its global financial restructuring and insolvency practice. Pfeiffer, who joins as a partner at White & Case, will split his time between the firm’s New York and Miami offices. His move…
DetailsThe company’s existing lenders have agreed to continue to support the company by providing debtor-in-possession (DIP) financing that will be combined with its cash from operations to ensure and support continued business operations. “Beaulieu family members and our board of managers believe pursuing a restructuring through chapter 11 is the best path forward at this…
DetailsBy Associated Press Published: 00:09 +10:00, 18 July 2017 | Updated: 00:14 +10:00, 18 July 2017 e-mail Daniel Montville knew a debt consolidation loan wouldn’t solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to…
DetailsFormer executive assistant Amber Harrison is liable to pay Seven West Media’s legal costs after a court found she acted unreasonably in contesting Seven’s case against her. On Monday afternoon NSW Supreme Court Justice John Sacker ordered Ms Harrison to pay Seven’s legal costs on an indemnity basis meaning she is liable for up to…
DetailsBeena Parmar Moneycontrol News Essar Steel will undergo insolvency proceedings as the Gujarat High Court dismissed the company’s plea against the Reserve Bank of India (RBI). According to a senior lawyer, “Now, Essar Steel has the option of going to the Supreme Court. They will take a decision in a day or to as time…
DetailsThe Gujarat High Court on Monday dismissed Essar Steel India Ltd’s appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said. The ruling is a boost to the government, which in May tweaked Indian banking laws to empower the Reserve Bank of India…
Details17 Jul 2017 Idempapers has been declared bankrupt in early June. An interested investor had withdrawn his takeover offer. Now, new potential investors have emerged. There is still hope for insolvent Begian specialty paper producer Idempapers. The Belgian trade union CGSLB said that new investors had emerged who were interested in participating in a…
DetailsPisit, who offered his legal service to the girls mother for free, told police that he deducted a Bt500,000 lawyers fee from the Bt4 million compensation he had received on the victims behalf, city police chief Lt-General Sanit Mahathavorn told a press conference on Monday. He claimed the money was to fund his PhD education,…
DetailsA lot of graduates and young professionals are troubled by their student loan repayments that is why National Debt Relief shares some important ideas consumer need to keep in mind. The recently published article titled “The High Cost Of Student Loans” released June 23, 2017 helps consumers deal with their payment obligations. Denver, CO (PRWEB)…
DetailsA welfare cheat hid assets from Centrelink and was overpaid. Picture: Matt King/Getty Images A WELFARE cheat hid more than $1 million in cash and assets from Centrelink over a decade, after the Department of Social Services overpaid him money he wasnt even eligible for. Rabee Ebady received the Disability Support Pension, Newstart Allowance and…
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