Judge orders liquidation of WINhealth Partners – Wyoming Tribune

CHEYENNE WINhealth Partners, once the second-largest health insurance company in Wyoming, will be liquidated. Laramie County District Judge Thomas Campbell signed an order Tuesday to liquidate the company because he determined it was insolvent. Liquidation means the dissolution of a company whose assets are turned into cash to pay off its debts. Wyoming Insurance Commissioner…

Insolvency and Bankruptcy Bill: A good step to tackle bad assets – Financial Express

The financial services sector has been reeling under the pressure of mounting bad assets, including failed restructuring attempts, and the situation seems far from over. The proposed Bill on bankruptcy, consolidating the existing scattered laws relating to insolvency of companies, is a noteworthy move by the government for accelerating the winding up process for defaulting…

Waterstone Insolvency’s attempt to overthrow Dick Smith administrators fails – Stuff.co.nz

ROBERT KITCHIN/FAIRFAX NZ Dick Smith stores have remained open while receivers and administrators try to get the business sorted for sale. Almost 200 Dick Smith New Zealand employees are owed $353,000 by the company and it is uncertain whether they will get their money. Dick Smith’s administrators McGrathNicol held the first New Zealand creditors meeting…