The bankruptcy will not affect Mr Wallace’s seat as the law disqualifying a bankrupt person from being a member of the Dáil was abolished in 2014. But it means that control of his assets is now in the hands of Official Assignee, Christopher Lehane, who will seek to realise whatever value he can for creditors.…
The announcement Wednesday that Swiss Space Systems had been declared bankrupt by a Swiss court caught local partners by surprise. See: Swiss Space Systems declared bankrupt Canadore President George says he learned of the bankruptcy at the same time as everyone else last week after reading media reports. “I’m disappointed of course because we had a…
The U.S. Department of Education has two quite different roles in the lives of indebted former students. The same bureaucracy that must safeguard taxpayer dollars by collecting $1.1 trillion in loans also oversees the nation’s largest-ever effort to forgive student debt. These dual roles have culminated in a strange situation. The Obama administration has repeatedly…
Phil Ivey ordered to repay millions to casino over edge sorting scandal December 20, 2016 6:46am News Corp Australia Network Share Share on Facebook Share on Twitter Share on Google+ Share on Reddit TEN-time World Series of Poker bracelet wi… Read the full article at: http://www.news.com.au/sport/more-sports/phil-ivey-ordered-to-repay-millions-to-casino-over-edge-sorting-scandal/news-story/2690247418919900223ceb3dbe6e435e
Dec. 19, 2016 3:28 p.m. ET American Apparel LLC will close nine of its stores, including locations in New York and Washington, D.C., by Dec. 31 and won approval of an agreement with liquidators that would govern the closure of any stores that arent sold during an auction in January. The approval Monday by Judge Brendan Shannon of the…
The High Court in Christchurch has banned property developer David Henderson from running a company for six years on top of his six-year-long bankruptcy, which is set to be lifted next month. Associate Judge Rob Osborne has ordered a number of restrictions on Henderson’s dealings in a 134-page judgment, which will release the developer from…
Image copyright Reuters Ukraine’s biggest commercial bank, PrivatBank, has been nationalised in a move aimed at protecting 20 million customers and “preserving financial stability in the country”. The country’s central bank said the problems faced by PrivatBank were mainly caused by its “imprudent lending policy” which led to capital losses. Ukraine’s president Petro Poroshenko has…
ORLANDO, Fla.–(BUSINESS WIRE)–LENSAR, Inc. (LENSAR), a global leader in next generation femtosecond laser technology for refractive cataract surgery, announced the filing of a Chapter 11 bankruptcy petition on December 19, 2016 to reduce its debt, strengthen its balance sheet and strengthen its platform for future growth. The filing was made with support from PDL BioPharma,…
Fears that Greeces seven-year debt crisis is about to enter a troubling new phase have been voiced by one of the worlds leading rating agencies. Moodys said it was worried by the decision by the European authorities to suspend a debt-relief deal for Greece after the government in Athens gave a Christmas bonus to pensioners,…