Introduction Wrongful trading the law Knowledge Solvency Ralls Builders Decision Reasoning Contribution and loss Comment Introduction Generally, directors are focused on making a success of the business to which they are appointed and the prospect of insolvency and the potential for personal liability often seems remote. Indeed, many directors will never have to face the…
Managing student loans on top of other monthly expenses can be crippling. The Housing and Credit Counseling office in Topeka has seen a marked increase in debtors with student loan problems, counselor Renee Earwood said. Thats not surprising given that nearly $1.3 trillion is owed to student loans in the United States. But the problems…
CHICAGO–(BUSINESS WIRE)–How the equity portion of a recovery distribution will be accounted for is becoming more important to bondholders as additional defaults are expected this year, Fitch Ratings says. Equity receives no credit in the calculation of a CLO’s aggregate principal balance, or overcollateralization (OC) ratios, until the manager monetizes the equity position. Equity may…
Public defenders in New Orleans stopped taking complex felony cases in January due to depleted resourcesthe result of Louisianas poor funding formula for services to aid those who cant afford lawyers. Louisiana is bound by both its state constitution and the U.S. constitution to provide these services no matter what. That obligation has been compromised,…
Governor Matt Bevin addressed concerns about the embattled Benefind system during a press conference on Thursday Buy Photo Walkway on the Eskstrom Campus of the University of Louisville.(Photo: Sam Upshaw Jr./CJ)Buy Photo FRANKFORT, Ky. – House Speaker Greg Stumbo said Friday that Gov. Matt Bevin lacks the legal authority to make the 4.5 percent funding…
TOKYO, JAPAN–(Marketwired – April 01, 2016) – Further enhancing the firm’s capabilities in Asia, Morgan Lewis today announced that Shinjiro Takagi — a leading international bankruptcy lawyer and former judge in Japan as well as a former Nomura Securities adviser-has joined the firm as of counsel in Tokyo. “We are very pleased to welcome Judge Takagi to…
THE last thing that borrowers struggling with student debt need is to pay for something they could get free. But that has happened to borrowers who have been misled by shady student debt relief companies. The companies, preying on holders of the $1.3 trillion outstanding in student debt, offer to help borrowers obtain lower student…
* Move will help airline reduce debt * Founders to raise combined stake to nearly one-third (Adds details of fund raising, analyst quote) By Anshuman Daga and Saeed Azhar SINGAPORE, April 1 AirAsia Bhd’s founders tightened their grip on Asia’s biggest budget airline with a deal to invest 1 billion ringgit ($257 million) in it,…