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Daily Archives: October 14, 2017

UPDATE 1-Sears Canada to close after court OKs liquidation – Reuters

LiquidationBy Insolvency GuardianOctober 14, 2017

TORONTO, Oct 13 (Reuters) – Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior Court of Justice, which also extended creditor…

Car dealer, pro gambler Billy Walters reports to prison – Automotive News (blog)

GamblingBy Insolvency GuardianOctober 14, 2017

Walters: Listed as an inmate at a minimum security prison camp in Pensacola, Fla. Photo credit: Bloomberg Billy Walters, mega car dealer and one of the most successful sports bettors in the U.S., is now in federal prison. A Manhattan federal court judge sentenced Walters in July to five years behind bars for devising a…

Operation “Game of Loans” targets student loan debt relief scams – KOMO News

Debt HelpBy Insolvency GuardianOctober 14, 2017

If you have thousands of dollars of student loan debt hanging over your head the promise of debt reduction can be very appealing. But federal and state investigators say a lot of the companies that promised to help with student loan debt were really scams designed to trick people into paying more than $95 million…

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