Banks Clear Extra Rs 120-cr Priority Loan To Alok Industries

Lenders to Alok Industries, the highly-indebted textile maker whose net worth has actually been eroded, have decided to supply the business with R120 crore of additional priority financing, senior bankers informed FE. While a few members of the consortium of lending institutions have already authorized the fresh loans, a couple of others are expected to […]

Peabody Energy Corporation Gets Bankruptcy Financing; Is This A Turnaround For The Coal Miner?

The biggest coal manufacturer, Peabody Energy Corporation (OTCMKTS: BTUUQ), has managed to come up with an agreement with its creditors; and, according to its press release, the business has actually won approval from the US Bankruptcy Court for $800 million in a debtor in ownership financing bundle. Peabody Energy, in the last couple of years, […]

Bankruptcy 101 For Financiers: Restoring Your Investments From The Ruins Of A Portfolio Business Bankruptcy

That appealing little tech business where you invested has simply submitted bankruptcy. Will you ever be able to recuperate any of that financial investment? Perhaps. It depends upon the type of your investment. And since recoveries rely on the type of the financial investment, you may desirewish to consider how you record your investments in […]

Sunedison Inc (SUNEQ) Lenders To Investigate Bankruptcy Probe

Although gas is acquiring popularity fast when it pertains to cleaner fossil fuels, the potential customers for sustainable kinds of energy continued to be exceptional. Sustainable kinds of energy, such as wind and solar, trigger no harm to the environment at all and simultaneously satisfy the growing electricity need. In all of these greatgreat times, […]

Jesinoski Update: TILA Rescission In A Post-Jesinoski World

Intro A little over one year ago, the United States Supreme Court released its ruling in Jesinoski v. Countrywide House Loans, Inc., 135 S. Ct. 790 (2015), which solved a circuit court spit regarding how a home loan customer might exercise the right of rescission under the Truth-in-Lending-Act (TILA). The right of rescission supplied by […]

Victory Nickel Announces Debt Restructuring Package

TORONTO, Nov. 26, 2015 (GLOBE NEWSWIRE)– Victory Nickel Inc. (Success Nickel or the Business) (TSX: NI, www.victorynickel.ca) today that it has actually gotten inbecome part of a financial obligation restructuring arrangement (the Restructuring) with its protected loan provider (the Protected Lender), to restructure and extend the Companys US$ 5.15 million senior secured 14.8 % notes […]

Success Nickel Granted More Extension For Delisting Evaluation By The TSX

Triumph Nickel Granted More Extension for Delisting Review by the TSX December 01, 2015: 05:56 PM ET TORONTO, Dec. 1, 2015 (WORLD NEWSWIRE)– Victory Nickel Inc. (“Triumph Nickel” or the “Company”) (TSX: NI, www.victorynickel.ca) today revealed that it has actually gotten a letter from the Toronto Stock market (the “TSX”) advising that the Continued Listing […]

Bondholders And Unsecured Lenders “in Revolt” Over Molycorp’s Bankruptcy …

Molycorp’s unsecured lenders are supposedly dissatisfied with the company’s plansprepare for leaving bankruptcy, which would include either a complete segmented possession sale or the cleaning of much of its financial obligation, both circumstances which the non-senior creditors claim will unduly favour Oaktree Capital. US-based. rare earths manufacturer Molycorp Inc.’s. bondholders and unsecured lenders remain in […]

Unsecured Loan Providers Against Rate Of Interest Caps

UNSECURED lenders have won concessions on rate of interest caps from the Department of Trade and Industry, however fear that new policies will press consumers to loan sharks.The department has published its final interest caps, which takes effectworks early next year. Nevertheless, some loan providers– including MicroFinance SA(MFSA )– state they are disappointed, saying that […]

Bridgecorp Legal Tussle Looms

Bridgecorp investors will fulfill in the coming weeks to discuss taking legal action against their financial advisors and the unsuccessful investment company.According to New Zealand wire services, Kapiti Coast sharebroker Chris Lee and Christchurch legal representative Grant Cameron are to satisfy with Bridgecorp investors in Auckland on October 25 to discuss the matter.The conference is […]