Lenders to take a call to convert loans into equity/debentures in three months http://mybs.in/2TG780t Copy tiny URL to save and share articles. Construction major Hindustan Construction Company (HCC) has become the first Indian company to get relief under the Reserve Bank of Indias Scheme for Sustainable Structuring of Stressed Assets (S4A) for…
DetailsNew Delhi: Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given a voluntary retirement scheme to 250 workers as part of the process. It is one vertical which has not met expectations last year. We are currently in the process of deciding…
DetailsThe financial review also addresses the ability of management to successfully manage the company out of its financial difficulties. voluntaryadministrationexperts.com.au are insolvency advisors that have true depth of experience in the field of insolvency. This experience empowers them to offer the following value services: Financial Review:A business that is unsure of where it stands financially…
DetailsSource: AAP Image/Julian Smith He was once counted among the wealthiest Australians, but former mining magnate Joseph Gutnick has declared bankruptcy, with reported debts of $275 million. Back in 2010, Gutnick returned to the BRW Rich List with estimated wealth of $300 million, after an absence of more than 10 years. At the time he…
Details07:02 13 July 2016 Sabah Meddings An oil rig in the North Sea. Pic: Danny Lawson/PA Wireure Insolvency experts have warned of the widening impact of the enduring oil and gas downturn on the region. It com… Read the full article at: http://www.edp24.co.uk/business/insolvency_experts_warn_of_widening_impact_of_oil_and_gas_downturn_as_another_company_shuts_up_shop_1_4614604
DetailsBy Martin North, cross-posted from the Digital Finance Analytics Blog: The Australian Financial Security Authority today released the personal insolvency activity statistics for the June quarter 2016. Total personal insolvencies increased 13.7% in the June quarter 2016 compared to the June quarter 2015. This is the largest rise since the March quarter 2009, when compared…
DetailsAn increasing number of South Korean creditors are advocating the necessity of new ways of corporate restructuring as the existing method characterized by voluntary agreements led by state-run banks is showing its limitations. The existing method, which was brought in about 15 years ago, is for a restructuring target to try to go back to…
DetailsBen Harvey – The West Australian on July 13, 2016, 7:22 am Joe Gutnick. High-flying Melbourne businessman Joseph Gutnick has declared himself bankrupt. The Melbourne Football Club tragic, who was nicknamed Diamond Joe, owes more than $275 million. He made the declaration on Friday in a move seen as pre-empting Indian fertiliser giant, the Indian…
DetailsMining magnate Joe Gutnick has declared bankruptcy with $275m in debts Former Melbourne Football Club president was once worth $300 million Deal with India’s largest fertiliser collective turned sour after legal fight Statement of claim shows Mr Gutnick owes Indian company $54 million By Emily Crane for Daily Mail Australia Published: 08:31 EST, 13 July 2016…
DetailsMINNEAPOLIS–(BUSINESS WIRE)–Robins Kaplan LLP® announced today that Scott Gautier has been named national co-chair of the firms Restructuring and Business Bankruptcy Group. Gautier joins current practice co-chairs Howard Weg and H. Jeffrey Schwartz in this role. Scotts appointment to national co-chair of the Restructuring and Business Bankruptcy Group follows the firms growth in this practice…
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