Nigeria: Restructuring & Insolvency Review 2017 September 2017 Etigwe Uwa SAN, Streamsowers & Köhn In legal parlance, restructuring of a corporate entity is effected upon a declaration of insolvency or to avert insolvency or in some cases for the expansion of the business base of such organisation. In the case of statutory…
Business News Gigs & Festivals Live Business By Chris Cooke | Published on Friday 1 September 2017 The company behind the disastrous Fyre Festival has been put into bankruptcy by a US judge, according to the Wall Street Journal. Though its Fyre Festival LLC currently facing the bankruptcy proceedings, rather than parent company Fyre Media Inc.…
THE daughter of a Wide Bay Burnett cattleman, who was evicted and allegedly forced into bankruptcy, has had the stud Brahmans she bought from her parents seized by bank trustees. The 14 stud Brahman cows and calves are set to be sold, despite Brooke Dingle offering evidence of her full ownership. The females were originally purchased by Ms Dingles parents but were bought…
Sept. 1, 2017 5:30 a.m. ET WASHINGTONWidespread support on Capitol Hill for Hurricane Harvey relief aid could help ease passage of high-stakes fiscal legislation that Congress must approve in September, lawmakers and analysts say. As Texas and Louisiana began to regroup after the storms record rainfalls, both Democrats and Republicans said they hoped to pass…
WOULD you credit it? Our borrowing has risen to such record levels that charities are warning that we are risking a serious debt problem. Credit taken out in the year to July grew by almost ten per cent, new figures from the Bank of England revealed this week. The average household owes £7,413 in unsecured…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
ICICI Bank‘s win on Friday against defaulter Innoventive Industries in the Supreme Court could set a precedent for other insolvency cases. The apex court ruled that Insolvency and Bankruptcy Code (IBC) is superior to the Maharashtra Act and that management of a company undergoing bankruptcy proceedings cannot continue in its role and must step aside.…
Fatherhood gets an incisive examination in West of Sunshine, the short, sharp and rewarding feature debut of Australian writer-director Jason Raftopoulos. Set during one day in the life of a working-class Melbourne dad whos forced to cart his young son around town while scrambling to pay gambling debts to a loan shark, this compact piece…