Kim Kardashians Paris robbery is making headlines today, but it didnt take long for rumors to start swirling that the multi-million dollar jewelry heist is nothing but a hoax. Was the robbery staged to help Kanye out of debt, something he tweeted about several months ago? Or did Kardashian Momager Kris Jenner need a compelling…
To implement the restructuring, Garden Fresh has filed voluntary petitions for reorganization under Chapter 11 protection. Piper Jaffray has been engaged to assist with the anticipated sale of the business to second lien lenders, subject to higher and better bids. The Company also plans to close between 20 and 30 underperforming restaurants to strengthen its…
Dissolution and liquidation Bankruptcy Penalties On December 11 2015 the Indonesian Financial Services Authority (OJK) enacted Regulation 28/POJK.05/2015 concerning the Dissolution, Liquidation and Bankruptcy of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies. The regulation was authorised by Articles 42(4), 44(3), 45(3) and 51(4) of Law 40/2014 concerning Insurance, which require…
By NEIL HARTNELL Tribune Business Editor [email protected] Seven Baha Mar companies have now been placed into full liquidation by the Supreme Court, prompting a well-known QC to say he cant understand the legal strategy pursued by original developer, Sarkis Izmirlian. Justice Ian Winder last week appointed Baha Mars joint provisional liquidation team Bahamian accountant Ed…
By Associated Press Published: 02:12 +11:00, 4 October 2016 | Updated: 02:12 +11:00, 4 October 2016 e-mail Many people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn…
Around 15m is being spent on the service, to be known as Abhaile the Irish for home. It offers financial and legal advice and will be free for those who are eligible. To qualify for the scheme, the mortgage holder must be in arrears and insolvent. People can apply for the scheme through the Money…
The bankrupt Nick Denton company also is proposing that two-thirds of Univision’s $135 million be allocated to its Hungarian affiliate. If there’s to ever be a rebirth for Gawker.com, it won’t happen through Univision. On Friday, it was revealed in bankruptcy papers that the sale of various Gawker Media properties to Univision for $135…
… Read the full article at: http://www.chron.com/business/article/Liz-Weston-Borrowing-your-way-out-of-debt-9609011.php
OUR children and young people are growing up in a world where they will one day have to make difficult financial decisions. With more financial products and ways to spend money than ever before, these decisions have become increasingly complex. Citizens Advice found the average user of financially risky products such as payday loans, which…
TOWN OF ULSTER, N.Y. >> Ulster County Resource Recovery Agency officers have approved contributing $11,087 toward a proposed $9 million settlement that would resolve a case filed after Selective Safety Workers Compensation Trust was declared insolvent. The agreement was discussed during an agency meeting last week, when Treasurer Tim DeGraff said the agency obligation had…