April 2, 2016 - Insolvency Guardian

Relief Act Cosponsored by Sen. Menendez Would Help Prevent Medical Debt From Negatively Affecting Consumers … – The SandPaper

LiquidationBy Insolvency Guardian April 2, 2016

U.S. Sen. Bob Menendez is cosponsoring legislation that would help protect individuals and families from financial devastation due to medical debt. According to the Consumer Financial Protection Bureau, 43 million Americans credit reports are negatively impacted by debt from medical expenses. Nearly 15 million consumers have medical debt with no other collection items on their…

Fuelling the start-up engine – ArabianBusiness.com

LiquidationBy Insolvency Guardian April 2, 2016

Puerto Rico fiscal crisis could impact disabled workers fund – Daily Mail

BankruptcyBy Insolvency Guardian April 2, 2016

By Associated Press Published: 08:28 EST, 3 April 2016 | Updated: 08:28 EST, 3 April 2016 SAN JUAN, Puerto Rico (AP) Management employees at Puerto Rico’s disabled workers fund are warning that its $445 million investment in the financially-strapped Government Development Bank could be at risk if the bank is declared insolvent and pushed into…

The Morning Ledger: A Choppy Quarter Ends as CFOs Brace for More Turbulence – Wall Street Journal (blog)

Debt HelpBy Insolvency Guardian April 2, 2016

The Morning Ledger: A Choppy Quarter Ends as CFOs Brace for More Turbulence – The CFO Report – WSJ previousPBGC Raises Possibility of Program Insolvency Content from our sponsor Deloitte Amid a seemingly endless stream of cyberthreats, addressing those most likely to affect organizations can make cyber risk management less daunting and more efficient. However……

Romania media mogul, employees indicted for tax evasion – Yahoo News

BankruptcyBy Insolvency Guardian April 2, 2016

BUCHAREST, Romania (AP) Prosecutors have indicted a pioneer in Romania’s post-communist media market and ten others with tax evasion, instigation to tax evasion and money laundering. The prosecutor’s office said Friday that Adrian Sarbu, founder of the Mediafax Group in 1991, Mediafax itself, former managers, finance directors and a lawyer have been sent to trial…

Romania media mogul, employees indicted for tax evasion – Daily Mail

BankruptcyBy Insolvency Guardian April 2, 2016

By Associated Press Published: 21:59 EST, 1 April 2016 | Updated: 21:59 EST, 1 April 2016 BUCHAREST, Romania (AP) Prosecutors have indicted a pioneer in Romania’s post-communist media market and ten others with tax evasion, instigation to tax evasion and money laundering. The prosecutor’s office said Friday that Adrian Sarbu, founder of the Mediafax Group…

Rags-to-riches coal baron declared bankrupt – Shanghai Daily (subscription)

BankruptcyBy Insolvency Guardian April 2, 2016

RAGS-TO-RICHES coal baron Nathan Tinkler, who rode the mining boom to become Australias youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. The bankruptcy order comes 10 years after the 40-year-old scraped together a A$1 million (US$728,700) deposit for a rundown…

Tata Steel’s plan to restructure UK biz credit positive: Moody’s – Business Standard

RestructuringBy Insolvency Guardian April 2, 2016

Country’s largest steel maker Tata Steel’s plan to restructure its UK businesses is credit positive as it will reduce some of the negative pressure on its operating performance, Moody’s Investors Service said in its report today. However, pending finalisation of the restructuring plan and the uncertainty around the extent of improvement in the…

Demand for examinership falls – Hughes Blake – RTE.ie

LiquidationBy Insolvency Guardian April 2, 2016

Demand for examinership as a corporate recovery mechanism appears to be falling, according to the latest index from the insolvency experts Hughes Blake. In the first three months of the year, 138 jobs were saved through the examinership process, a fall of nearly two thirds on the same quarter last year. The figures reflect increased…

Think you’re not “regularly engaged in the business of leasing”? Think again, says new PPSA decision – Clayton Utz

BankruptcyBy Insolvency Guardian April 2, 2016

By Dan Fitts. Key Points: Companies that have leasing as a small and irregular part of their overall business still must comply with the PPSA if their interests in leased goods are to be protected. Ad hoc leasing arrangements might not be a core part of your business, but they could still mean you’re regularly…

Daily Archives: April 2, 2016