WOODBRIDGE, N.J., April 19, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of sending the previously announced second liquidation distribution of $0.36 per share (the Distribution) to…
DetailsMUMBAI: Expecting the proposed enactment of Bankruptcy Act to be a “defining event”, RBI Deputy Governor HR Khan said the law will help develop corporate bond market in India. “Enactment of the Bankruptcy Act will be a defining event as regards the development of the corporate debt market,” he said at the 17th Annual Conference…
DetailsOKLAHOMA CITY–(BUSINESS WIRE)–Seventy Seven Energy Inc. (the Company), today announced that it has entered into a Restructuring Support Agreement (the Agreement) with certain lenders (the Incremental Term Loan Lenders) representing 92.0% of the outstanding principal amount under the Companys Incremental Term Supplement (Tranche A) loan and certain noteholders (the Consenting 2019 Noteholders) collectively owning or…
DetailsThe first case of a heavily indebted borrower overturning the veto of a bank which had blocked their ability to get a debt write-off through insolvency has proceeded through the courts. The individual had 2.8m of debt and secured a write-off of half of their borrowings. The individual will be able to retain the family…
DetailsSome 570 people applied for debt relief during the first quarter of the year, an increase of 16 per cent on 2015, according to figures from the Insolvency Service of Ireland, as experts suggest a deluge of deals will now be done. There were 570 applications, representing total debt of 303 million, for debt relief…
DetailsWOODBRIDGE, N.J., April 19, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of sending the previously announced second liquidation distribution of $0.36 per share (the…
DetailsSome 570 people applied for debt relief during the first quarter of the year, an increase of 16 per cent on 2015, according to figures from the Insolvency Service of Ireland, as experts suggest a deluge of deals will now be done. There were 570 applications, representing total debt of 303 million, for debt relief…
DetailsCharlie Weston, Personal Finance Editor Published 19/04/2016 | 10:14 Four Courts THERE has been a surprise fall in the number of people being adjudicated bankrupt. Share Go To This is despite the bankruptcy term falling from three years to one year from January 29 last. The Insolvency Service said there was a rise in other…
DetailsAs a financial journalist for about 20 years, I can tell you that one of the best games in town for debt counseling is the National Foundation for Credit Counseling. (NFCC) The 55-year-old organization is a nonprofit that gives free, one-on-one counseling on credit and debt issues, including student loans, credit cards, housing related debt,…
DetailsRelated Story: Cheap steel glut discussed on international stage ahead of Arrium creditors’ meeting Less than a week into Australia’s most complex corporate restructure, the administrator of failed iron and steel firm Arrium has said the company’s future hangs on the fate of its Whyalla steelworks. The insolvency firm KordaMentha said,…
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