(Photo: Jeffery Scism)MARY ANNE HITT OF ECOWATCH FOR BUZZFLASH AT TRUTHOUT Article reprinted with permission from EcoWatch This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that…
REALITY TV star David Gest was allegedly £500,000 in debt after becoming addicted to gambling prior to his death. According to reports, the star was prepared to sell some of his sought-after memorabilia in a bid to break even. Gest was found dead at the luxury Four Seasons hotel in London on Tuesday. According to…
PUBLISHED: April 14, 2016 1:00 pm AS of last week, some debt-stricken Islanders have been able to apply for a Debt Remission Order, which will allow their debts to be frozen for a 12-month moratorium period and then be written off, if they are still unable to pay them. The new order, which is similar…
Donald Trumps revamped campaign team faces its latest test in Wyoming on Saturdayand they appear set to fail it. The state will select 14 delegates at its convention, and by focusing on the months-long process, Ted Cruz appears set for another sweeping win. It would be the latest delegate setback to Trump, who faces long…
German prosecutors filed a raft of charges against four members of the wealthy Schlecker family on Thursday, accusing them of pulling valuable assets out of their namesake drugstore chain and hiding them from shareholders before the company went bust in 2012. The prosecutors, based in Stuttgart, have leveled 36 counts of embezzlement, purjury and…
Clean Power Published on April 13th, 2016 | by Glenn Meyers April 13th, 2016 by Glenn Meyers Originally published on Planetsave. Almost one year ago in its annual report, troubled Chinese solar panel manufacturer Yingli Green Energy told its investors the company was facing troubled times: Facts and circumstances…
Jim Stafford Published 14/04/2016 | 02:30 The term “vulture fund” is a metaphor used to compare investment funds to the behaviour of vultures “preying” on debtors in financial distress by purchasing the debt at a discount to make a large gain. Share Go To The “vulture fund” industry in Ireland began in 2011, with the…
Fife-based Havelock Europa restricted its loss to £600,000 last year after a restructuring and right-sizing which saw more than 100 staff leave the company. The Kirkcaldy shop fitting and interiors firm announced a major cost-cutting exercise in September last year in a bid to save £3 million on an annualised basis. The move involved cutting…
Lawmakers in Bulgaria have voted to approve on a second reading changes to the Balk Insolvency Act paving the way for the publication of a report tracking the assets of insolvent Corporate Commercial Bank (Corpbank or KTB). Until now the text was only available in Parliament’s secret registry, which was not accessible to the general…
News Written by Sam Murphy on April 14, 2016 Last year a new festival Disconnect graced Western Australia and while at the time the event was launded a success, musicians who played and crew who worked at the event have now spoken out saying that they havent been paid. The event hosted a lineup including…