Andrew Baxter, MD of Europa Worldwide Group Managing director of Europa Worldwide Group one of the largest independent logistics operators Andrew Baxter, who has more than 20 years experience in the freight industry, says restructuring should take place when a business is flying high. Andrew lives with his family in Notts, from where at the…
The 2010-built MV Hammonia Grenada, which Rickmers sold for scrap in January, at a Singapore anchorage, January 11, 2016. By Mike Wackett (The Loadstar) Beleaguered panamax containership owner Rickmers Maritime Trust (RMT) has pleaded with its creditors for help to restructure its debts. Singapore-headquartered RMT posted a full-year 2016 net loss of $180m, after charter…
Hanjin Shipping will be declared bankrupt today, after suffering from snowballing debt amid a slowdown in the global shipping market. Seoul Central District Court is expected to declare bankruptcy of the shipper, following a two-week period for appeals. Following the declaration, a bankruptcy trustee will be appointed to lead the sale of Hanjin Shippings remaining…
Creditfix, the UKs largest insolvency practice, compiles the UK Personal Debt Index (PDI). The quarterly report is put together following a survey of over 31,000 individuals, comparing the situation and locations of people across the UK currently receiving support to get out of debt. The number of young people (20-25 years old) receiving help and…
Noting immediate issues for meeting financial obligations, Michigan-based sporting goods retailer MC Sports this week announced it’s filing for Chapter 11 bankruptcy protection. The chain, headquartered in Grand Rapids, recently has operated 68 retail locations, including sites in Petoskey and Gaylord. While noting plans for liquidation sales at all of the chain’s stores, a press…
A cancer diagnosis brings a lot of worries with it. One of the biggest and least discussed is money. Advertising Policy Cleveland Clinic is a non-profit academic medical center. Advertising on our site helps support our mission. We do not endorse non-Cleveland Clinic products or services. Policy Even if you have good insurance, all those co-pays…
ONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A further 13 in the Sunshine Coast hinterland were counted in the total…
By Alison Kershaw Published 16/02/2017 Share Former Ireland rugby star Peter Clohessy declared bankrupt BelfastTelegraph.co.uk Rugby legend Peter Clohessy has been declared bankrupt. http://www.belfasttelegraph.co.uk/news/northern-ireland/former-ireland-rugby-star-peter-clohessy-declared-bankrupt-35454517.html http://www.belfasttelegraph.co.uk/sport/rugby/article35455343.ece/ebf7f/AUTOCROP/h342/PANews%20BT_P-6649707f-5c3e-4363-8a27-b0eb30b07b5e_I1.jpg Rugby legend Peter Clohessy has been declared bankrupt Rugby legend Peter Clohessy has been declared bankrupt. The former Munster, Ireland and Lions player has had difficulties in the past with…
THE GOVERNMENT is being urged to put a ‘Breathing Space’ scheme into place to help people who are mired in debt. Leeds North West MP Greg Mulholland has joined calls in parliament for the introduction of the scheme which is supported by The Childrens Society and StepChange Debt Charity. Under the proposals people seeking debt…
THE GOVERNMENT is being urged to put a ‘Breathing Space’ scheme into place to help people who are mired in debt. Leeds North West MP Greg Mulholland has joined calls in parliament for the introduction of the scheme which is supported by The Childrens Society and StepChange Debt Charity. Under the proposals people seeking debt…