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Debt fears for poorer households

2018-01-16 01:18:51| BBC News | Business | UK Edition

A quarter of very low-income households have high debt repayments or are behind on bills or repayments.

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New Neiman Marcus CEO Faces Steep Challenge of $4.8 Billion Debt

2018-01-08 18:17:33| National Real Estate Investor

It will take more than an eye for style to fix the problems at Neiman Marcus Group Ltd., a quintessentially American luxury department-store chain hoping to relive its former glory.

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RCom agrees asset sales to cut debt by 85%

2017-12-27 07:30:00| Telecompaper Headlines

(Telecompaper) Indian operator Reliance Communications (RCom) has announced an agreement with lenders to restructure its debt and exit protection from creditors, without any loan write-offs. Upon completion of all the proposed transactions, RCom's debt is expected to drop to INR 60 billion, which represents a reduction of over 85 percent.

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Avaya gets court approval for debt plan, to exit Chapter 11 by year-end

2017-11-29 08:57:00| Telecompaper Headlines

(Telecompaper) Avaya announced that the US Bankruptcy Court for the Southern District of New York has confirmed its second amended chapter 11 restructuring plan. As a result, Avaya expects to emerge from the debt restructuring process before the end of this year. 

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RCom risks insolvency after debt default

2017-11-20 01:00:00| Total Telecom industry news

RCom is facing the possibility of going through an insolvency process, having defaulted on debt repayments last week, according to the bond trading firm SC Lowy Financial HK. An analyst at the company told Bloomberg that the valuations RCom has placed on its assets are "…read more on TotalTele.com »

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