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Jaeger administrator holding open dialogue with creditors
2017-07-12 16:12:01| Daily apparel & textile news and comment - from just-style.com
The administrators of upscale UK fashion brand Jaeger have been holding informal meetings with unsecured creditors - including suppliers - who claim they are owed millions from the collapse of the heritage brand.
Tags: open
holding
administrator
dialogue
Bernard Matthews creditors told '23m debts' will not be paid
2016-10-07 13:12:28| BBC News | Business | UK Edition
Nine hundred former suppliers to the Bernard Matthews turkey business, who were owed millions of pounds before it was sold, are told they will not be paid.
Tags: paid
told
bernard
matthews
Oi files for protection from creditors
2016-06-21 09:19:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi has filed a request for judicial reorganization at the Court of the State of Rio de Janeiro, in an attempt to protect its assets from creditors while it renegotiates its debts. Oi started negotiations with creditors last month, but has already faced lawsuits attempting to seize some of its assets in lieu of payment for debt. Oi said the court filing for judicial protection was "the most appropriate course of action at this time", given the challenges in meeting its debts, threats to assets and "urgent need to adopt measures that protect the Oi companies". As a result it can continue to provide services to customers and protect its image and cash, while continuing with the debt restructuring.
Tags: files
protection
creditors
Linn Energy creditors at risk of collateral damage
2016-03-16 10:32:21| Energy - Topix.net
Linn Energy LLC said on Tuesday that it did not fully secure a bond swap with the agreed collateral, creating a major headache for its creditors if the oil and gas producer seeks bankruptcy protection. Linn offered mortgages on a large majority of its oil and natural gas properties to creditors, including funds managed by Franklin Templeton Investments, as collateral last year.
Tags: energy
risk
damage
collateral
Creditors seek to put Abengoa US bioethanol unit into bankruptcy
2016-02-03 22:01:44| Agriculture - Topix.net
Creditors of Abengoa Bioenergy of Nebraska LLC have asked a federal judge to put the U.S. affiliate of troubled Spanish renewable energy group Abengoa into bankruptcy because it owes them more $4 million for grain. The involuntary bankruptcy petition, a rare form of legal action that seeks to impose court oversight on a company that is not paying its debts, comes as demand for U.S. biofuels has dropped in an environment of cheap crude oil.
Tags: put
unit
seek
bankruptcy
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