Consumer Financial Protection Bureau Sues Debt Relief Attorneys for Collecting Illegal Fees from Struggling Consumers – eNews Park Forest

Debt Help

Lawyers Revived an Illegal Debt Relief Scheme that the CFPB Previously Shut Down Washington, D.C. (ENEWSPF)January 30, 2017.  The Consumer Financial Protection Bureau today took action against a ring of law firms and attorneys who collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleges…

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Liquidation for Enterprise Software Architects, formerly The Frontier Group – CRN Australia

Liquidation

Enterprise Software Architects, formerly known as The Frontier Group, has blamed non-payment from two big customers for its fall into liquidation. The Perth-based company went under owning more than $600,000 to creditors, including $438,474 to the Australian Taxation Office and $149,390 to TIBCO Software, according to documents filed with industry regulator ASIC. The company, which was founded…

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You may be risking your entire wealth if you’re a company director for a friend or family member. – The Age

Bankruptcy

Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…

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Consolidated Tomoka Issues Response to Wintergreen Advisers – Business Wire (press release)

Liquidation

DAYTONA BEACH, Fla.–(BUSINESS WIRE)–Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (CTO or the Company) today sent a letter to Wintergreen Advisers, LLC (Wintergreen) in response to the letter publicly filed by Wintergreen on January 23, 2017. The company also issued the following statement: Wintergreens position with regard to its proposed director nominations has no legal merit.…

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Perth ISV liquidated leaving hundreds of thousands in debt – ARN – ARNnet

Liquidation

Western Australian software developer, Enterprise Software Architects, which formerly traded as The Frontier Group, has gone into liquidation owing hundreds of thousands of dollars to creditors. The company, which had its base in Perth, was placed into liquidation owing more than $600,000 to creditors, according to documents lodged with the Australian Securities and Investments Commission…

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Endo slashes 90 jobs in latest restructuring effort – BioPharma Dive

Restructuring

Dive Brief: Endo International is slashing 90 full-time positions under a restructuring aimed at lowering costs and driving greater efficiencies and business alignment, the company said Jan. 26. The Irish pharma said its latest restructuring actions mainly will affect corporate functions and branded pharmaceutical R&D operations at its U.S. headquarters in Malvern, Pennsylvania, and in…

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Consolidated Tomoka Issues Response to Wintergreen Advisers – Yahoo Finance

Liquidation

DAYTONA BEACH, Fla.–(BUSINESS WIRE)– Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (CTO or the Company) today sent a letter to Wintergreen Advisers, LLC (Wintergreen) in response to the letter publicly filed by Wintergreen on January 23, 2017. The company also issued the following statement: Wintergreens position with regard to its proposed director nominations has no legal…

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EnPro Industries Reports Further Progress in Asbestos Resolution Proceedings – Business Wire (press release)

Restructuring

CHARLOTTE, N.C.–(BUSINESS WIRE)–EnPro Industries, Inc. (NYSE: NPO) today reported that, as contemplated by the joint plan of reorganization to resolve all current and future asbestos claims against its subsidiaries Garlock Sealing Technologies LLC (GST) and Coltec Industries Inc (Coltec) that was filed in GSTs asbestos claims resolution process (the ACRP) under Chapter 11 of the…

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