Latest News for: Bankrupt company


SGX Nifty down 180 points; here's what changed for market while you were sleeping

The Times of India 21 Jun 2021
Carlyle and Salisbury Investments, which are set to be the new promoters of the company, are also expected to support the PNB Housing plans to challenge the regulatory order ... Lenders To DHFL will vote on a proposal to distribute up to Rs 1,853 crore more to smaller investors and retirement funds in the bankrupt housing finance company this week.

Bankrupt snooker star Allen quits second firm

Belfast Telegraph 20 Jun 2021
Snooker star Mark Allen has resigned as a director of a sports equipment business after recently declaring himself bankrupt. Sunday Life revealed five-time major tournament winner Allen, known as ‘The Pistol’, had gone bankrupt last month after an illustrious career in which he has netted £3.3million in prize money.

Letter from Athens: Greece Has Stay Out of Jail Card for Rich, Powerful

The National Herald 20 Jun 2021
... too.An interim audit conducted by the firm PwC of the bankrupt company reportedly showed “substantially...

DHFL lenders set to vote on giving more to small investors

The Times of India 20 Jun 2021
Mumbai. Lenders To DHFL will vote on a proposal to distribute up to Rs 1,853 crore more to smaller investors and retirement funds in the bankrupt housing finance company this week. This complies with the National Company Law Tribunal’s order that asked the lenders to consider giving a higher amount to smaller investors ... Start a Conversation. .

Florence County tees up lease agreement allowing Wellman Club revitalization

SCNOW Morning News 18 Jun 2021
JOHNSONVILLE, S.C ... Altman Properties ... The company that owned the course, Johnsonville Golf LLC, went bankrupt in 2010. That company purchased the property from Wellman Inc ... After going bankrupt, Johnsonville Golf sold the golf course to Wellman Club at Persimmon Field LLC, a Virginia limited liability company, also in 2010 ... ....

Shareholders of two Videocon group firms to receive 'nil' money on delisting

The Times of India 18 Jun 2021
Shareholders of two listed companies of debt-ridden Videocon group will receive "nil" money at the time of delisting as the liquidation values of the two firms are not even sufficient to cover outstanding debt ... and Values Industries Ltd will be delisted as part of the resolution plan approved for the bankrupt-Videocon group.

Conservatives are very angry Victoria’s Secret is ‘going woke’. They must hate capitalism

The Independent 18 Jun 2021
Following the announcement, a flood of social media users began to confidently predict that the lingerie company would soon go bankrupt thanks to such a losing marketing strategy, reviving a popular slogan on the right wing ... For one thing, Victoria’s Secret is definitely not one of the most powerful companies on earth by a long shot.

Reddit Stocks: How to Become a Millionaire With Meme Investing

Yahoo Daily News 18 Jun 2021
Bankrupt satellite company Intelsat (OTCMKTS.INTEQ) will probably see shares drop to zero but could rise 20x if a white-knight investor steps in. (Perhaps Jeff Bezos wants to compete against Elon Musk’s Starlink program?) Bankrupt pharma company Mallinckrodt (OTCMKTS.MNKKQ) faces even higher hurdles with billions stuck in opioid litigation claims.

Markets believe that bankruptcy has been abolished – that’s not a good thing

Moneyweek 18 Jun 2021
One way to measure confidence among investors in economic growth and the like is to look at the gap between what it costs the US to borrow and what it costs companies to borrow. Unlike the US (which can always repay its debts with debased currency if it really wants to, though that would cause a lot of other problems), a company can go bankrupt.

Indian Wells Valley water issues come to a boiling point, protesters fight fees

The Daily Independent - Ridgecrest 18 Jun 2021
And he is currently serving as chairman. SVM has long maintained paying the fee will bankrupt the business. On the company claims closing the business would put 700 locals out of work ... SVM in court documents said the company is already operating at a net loss of $875,000 per month or approximately $10.5 million per year ... Protester ... ... .

Earth Fare rebounds: Once bankrupt, Asheville based supermarket booms with 20-plus stores

Hendersonville Times-News 18 Jun 2021
After this first year of growth, he said, the company will focus instead on growing ties with local food producers and increasing local marketing and brand presence ... "Imagine having the courage to save a company that had just gone bankrupt, and then COVID hits and the economy looks like it's in peril," Talley said.

Banks see 80% average haircut in top NCLT bankruptcy resolutions

Live Mint 17 Jun 2021
On Tuesday, the National Company Law Tribunal (NCLT) questioned the extensive haircut that lenders have agreed to take in the insolvency resolution of Videocon group companies ... However, steep haircuts are nothing new for lenders who have taken bankrupt companies to the courts.

Stocks in the news: Power Grid, CESC, DRL, PNB Housing, RCom and Federal Bank

The Times of India 17 Jun 2021
are among the companies that will announce their March quarter results today ... The bankrupt Reliance Communications ... The decision was taken by the Banking and Finance Committee of the company at a meeting held on June 16, 2021 ... The company had clocked a consolidated net profit of Rs 89.08 crore in the corresponding quarter a year ago.

Back 4 Blood's Game Pass Release is a Long-Awaited Gift to Left 4 Dead Fans

Game Rant 17 Jun 2021
The upcoming co-op zombie game�Back 4 Blood will see players pick up in a similar place as the�Left 4 Dead series ... RELATED ... Buying every new game that comes out would bankrupt even the richest video game fans. Game companies have taken notice of this, with some even offering cloud services that let players access a wide library for a lower price ... MORE.

Innovative Dad Teaches His Children Survival Skills

Malaysian National News Agency 17 Jun 2021
“I was a member of the crisis management team that came up with a special plan to ensure that our company did not go bankrupt. We managed to weather the recession and our company became stable again after the economic crisis ended.”.