A drilling company that has been operating for 18 years has collapsed into voluntary administration. Nedrill Blasting Contractors, which is based in the Northern Territory, has been providing drill and blast services to the mining and construction industries across Australia since 1998. The business appointed external managers earlier this week, with Christopher Powell and Nicholas…
NEW YORK Sports Authority is filing for Chapter 11 bankruptcy protection, a move that could affect its two stores in Maine. The retailer said Wednesday that it plans to close or sell about 140 stores and two distribution centers, in Denver and Chicago. The Englewood, Colorado, company has 463 stores in 41 states and Puerto…
Video will begin in 5 seconds. More video Recommended Replay video Tinkler walks out on Knights Nathan Tinkler and the Hunter Sports Group released a statement confirming they have handed over ownership of the Newcastle Knights. Nine News. PT0M0S 620 349 Nathan Tinkler has officially made the quick descent from billionaire to bankrupt after he…
Abengoa Bioenergy US Holding LLC, a unit of Spanish conglomerate Abengoa SA (ABG.MC), received interim financing to pay wages and keep the lights on while it tries to reorganize under Chapter 11, according to a court ruling on Wednesday. Abengoa Bioenergy filed for bankruptcy protection last week. Lawyers on Wednesday said it is a guarantor…
ENGLEWOOD, Colo.–(BUSINESS WIRE)–TSA Stores, Inc. (Sports Authority or the Company), an industry leader in providing a wide assortment of quality, brand-name sporting goods, announced that today Sports Authority and several of its affiliates filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District…
Among the most interesting tidbits to emerge from Kanye West’s recent series of social media meltdowns is the fact that the rapper is somehow $53 million in debt. It seems that Kanye spent most of the money investing in his Yeezy fashion line, and if you think that sounds like a lot of cash…
A Donegal county councillor who appeared in a recent RTÉ Investigates programme has been ordered to pay a compensation order after a court heard how he dined in expensive Dublin restaurants and spent lavishly on clothing. Independent Cllr John ODonnell said his good name had been ruined as he defended a decision to stop paying…
It is not just about making matters easier for corporates. Distressed farmers can access relief under pressing circumstances The Insolvency and Bankruptcy Code (IBC) aims at improving the failing credit market situation in the country. A healthy credit market functions well where the debtor and the creditor have faith that their interests are recognised and…
Greg Harkin Published 02/03/2016 | 14:51 Councillor John ODonnell from Donegal filmed in a meeting with an undercover reporter for the RTÉ Investigates Standards in Public Office programme. A COUNCILLOR at the centre of corruption allegations has been ordered by a judge today to re-start payments to a woman who won a compensation order against…
NEW YORK–(BUSINESS WIRE)–Gleacher & Company, Inc. (OTC Pink: GLCH) (the Company) announced today that the Board of Directors has determined to make a fourth liquidating distribution to Company stockholders in the amount of $1.82 per share of the Company’s common stock (approximately $11.3 million in the aggregate). The record date for this distribution is March…