A SQUEEZE on incomes as a result of Westminster austerity is behind a 17 per cent increase in personal insolvencies, according to Scotlands Business Minister. Paul Wheelhouse made the comments after the latest data showed debts forced 2839 people to either become bankrupt or take out a protected trust deed over the period April to…
A Melbourne man accused of slitting his drug dealer’s throat in the back of a car confessed the crime to a friend and then threatened to kill his mate’s family if he dobbed, a court has been told. A witness choked back tears in a Melbourne court room on Thursday as he described how alleged…
OSLO, July 26 (Reuters) – Offshore drilling contractor Seadrill delayed the restructuring of its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy proceedings were likely. Once the world’s biggest offshore rig firm by market value, its shares have plunged 99 percent since a peak hit in September 2013. The…
Japan Display Inc’s logo is pictured at its headquarters in Tokyo Thomson Reuters (Reuters) – Liquid crystal display panels manufacturer Japan Display Inc is seeking about 100 billion yen ($893 million) from its main creditors to fund an ongoing restructuring, the Nikkei reported on Thursday. The Tokyo-based company, also known as JDI, has tapped lenders…
A young man has choked back tears while telling a Melbourne court his former mate confessed to slitting the throat of a 24-year-old cannabis dealer. The man, “Witness A”, said Christopher Lavery, who is standing trial for the 2008 murder of James Russouw, also claimed Lavery threatened to kill him and his family if he…