ROSEMONT, Ill.–(BUSINESS WIRE)–Comdisco Holding Company, Inc. (OTCQB: CDCO) and (OTCQB: CDCOR) (Comdisco) today reported financial results for its fiscal first quarter ended December 31, 2015. Comdisco emerged from Chapter 11 bankruptcy proceedings on August 12, 2002. Under Comdiscos First Amended Joint Plan of Reorganization (the Plan), Comdisco was charged with, and has been, liquidating its…
On Feb. 11, German Pellets GmbH announced a German court has appointed a provisional insolvency administrator with regard to insolvency proceedings that have been initiated against the assets of the company. A statement issued by German Pellets indicates the insolvency court in Schwerin, Germany, has appointed Bettina Schmudde, a lawyer with the firm Kanzlei White…
On Feb. 11, German Pellets GmbH announced a German court has appointed a provisional insolvency administrator with regard to insolvency proceedings that have been initiated against the assets of the company. A statement issued by German Pellets indicates the insolvency court in Schwerin, Germany, has appointed Bettina Schmudde, a lawyer with the firm Kanzlei White…
A property developer who used the gravestones of children to pave his patio has been declared bankrupt . Kim Davies, 61, fought a costly three-year legal battle after he was accused of vandalising the house that inspired All Things Bright and Beautiful. He was fined £60,000 after admitting planning offences last year and was ordered…
Forge in court win The receivers for collapsed engineering Forge Group have won a circa $50 million court victory in a dispute over the ownership of four gas turbines. The NSW Supreme Court yesterday ruled in favour of Forge Group Power and against General Electric and APR Energy in the biggest award since new personal…
By Charlene Crowell Despite consensus by economists that the economic recovery is well underway, many of Americas working poor, under-employed and unemployed people continue to struggle financially. Adding insult to injury, these financially vulnerable households face debt collectors who harass and sue them on incomplete and/or inaccurate information. In many cases, consumers are harassed for…
Five Laura Ashley stores in Victoria and New South Wales will close and 25 employees will lose their jobs, as the voluntary administration of the Australian retail chain continues. FTI Consulting, which was appointed to manage the voluntary administration of the company on January 7, said yesterday the closures are part of an ongoing restructure…
A court has overturned the refusal of a bank to agree to an insolvency deal for a Co Monaghan couple. The development means the original proposal of a 50% write-down of mortgage debt, or a 150,000 reduction in the loan on the family’s home, will now proceed. This is the first time a court has…
Shares in Italian banks have plunged again, making Milans FTSEMib blue index the worst loser in Europe, even as prime minister Matteo Renzi made his latest attempt to shore up confidence in the battered sector passing a bill to reform governance of 4,000 cooperative banks and offer state guarantees for bad loans. Shares in UniCredit,…
(ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria rescue was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents will now…