Navigating Uncertainty: Loaded cargo ships docked at the Port of Long Beach. Photo by Courtesy Photo Hanjin Shippings creditors have moved up their meeting to consider whether the cargo carriers restructuring plan is enough to prevent the company from facing bankruptcy and court receivership. According to The Korea Times, the…
We all want to live a comfortable retirement but for some, the dream of doing so may seem distant, with research now showing that one in four Australians do not own their own home outright in retirement. The study from The Australian Centre for Financial Studies shows that about 15 per cent of retirees are renting…
Cameron Burnell Cramar Investments Ltd, the company which owns the Awakino Hotel, is the subject of liquidation proceedings in the High Court. Unpaid taxes totalling more than $70,000 could result in the liquidation of a company which owns a North Taranaki pub. Court documents show the Inland Revenue Department (IRD) applied to the High Court for…
ONE Nation WA Senator Rod Culleton has hit back at his critics in the face of mounting legal challenges and manoeuvres aimed at forcing his exit from federal parliament. Mr Culleton spoke to Fairfax Agricultural Media as news broke yesterday that former associate Bruce Bell had lodged a new petition in the High Court seeking…
WW Investors, LLC, an entity controlled by activist investors Michael Ashner and Steve Witkoff, called for the ouster of the NY REIT board ahead of a vote on a liquidation plan for the company. Ashner and Witkoff, who included themselves in a proposed roster of replacement board members, expressed concern that the companys leaders may…
SKÄRHAMN, Sweden–(BUSINESS WIRE)–Regulatory News: With reference to previous communication related to the ongoing financial restructuring of Viking Supply Ships A/S (VSS A/S): The company has now reached an agreement with the committee representing a majority of the outstanding bonds. Subject to approval of the proposal at a bondholders meeting, this finalizes the total financial restructuring of…
Seafood Expo Global, May 2015, Brussels, Belgium. Photo: Miriam Okarimia/ Undercurrent News You may also like: August 29, 2016, 3:25 pm Pacific Andes group executives are disputing creditors’ notion that the Peruvian insolvency proceedings for its fishmeal companies can block the New York court’s access to those assets. In recent days, Pacific Andes International Holdings…
The average debtor in the UK owes £16,753, according to figures from PayPlan. The company, which offers free debt advice, also revealed that borrowers in Essex owe the most with an average balance of £18,508, according to its customer research. Debtors in Cambridge and Belfast follow close behind in the list of debt hotspots, each…
The Alba Iulia Court of Appeal cancelled the insolvency of state-owned energy producer CE Hunedoara at the end of May, but the company filed again for insolvency at the end of June. The two-month intermezzo worsened the companys financial indicators as its total debt went up by almost EUR 22.5 million, reports local Profit.ro. The…
Share Tweet Share Share Share Email Doom and gloom: Small businesses are facing mountains of cash flow challenges, according to recent research reports. From unclear bank terms for small business customers to rising small business insolvencies due to late payments and even new data on suppliers posing unfair terms on small business clients, the analysis from…