If Pacific Gas & Electric goes bankrupt, who gets final say over onwhether it can renegotiateits old and expensive solar power purchase agreements federal regulators or the bankruptcy court? This multi-billion dollar question has come to the fore as PG&E, overwhelmed by tens of billions of dollars in potential wildfire liabilities, prepares to file for…
Employees of Pacific Gas & Electric (PG&E) mark gas lines in the aftermath of the Camp Fire in Paradise, California, U.S., November 14, 2018.REUTERS/Terray Sylvester California utility owner PG&E is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning. PG&E plans…
29 January, 2019 by Hospitality Magazine Mike McEnearneys Sydney city restaurant, No.1 Bent street is out of voluntary administration after creditors voted for the deed of arrangement, according to Good Food. AdministratorsHoganSprowles were appointed on 29 November, with creditors then meeting on 11 December to consider the companys financial future. Advertisement … Read the full…
Coimbatore: The continuing increase in the number of cases and lengthy duration of resolution is turning out to be the primary sources of concern in the corporate insolvency resolution process (CIRP) under IBC (Insolvency and Bankruptcy Code). The number of cases admitted to the National Company Law Tribunal (NCLT) under CIRP stood at 264 in…
Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco on Monday. “Overall, we estimate that up to 9,000 Tesco colleague roles could be impacted, however, our expectation is that up to half of these colleagues could be redeployed to other customer-facing roles,” the supermarket…
RCMP File photo The RCMP have laid charges against a separated couple who allegedly declared that their snow removal business, Ottawa Diamond Construction Inc., was bankrupt even though the business appeared to remain solvent. According to federal police officers, the pair, who are now divorced, declared the business bankrupt in 2015. They are alleged to…
17:16 28/01/2019 MOSCOW, January 28 (RAPSI) – The Commercial Court of Tatarstan has extended bankruptcy proceedings against VIM Airlines for six months, RAPSI has learnt in the court. The republican commercial court has scheduled hearing of a bankruptcy receivers report on the results of the bankruptcy procedure for July 19. On September 26, the court…
A gambling problem has driven an elderly Annapolis County couple into bankruptcy for a fifth time, says a Nova Scotia Supreme Court registrar. Gloria May Donaldson, 65, and Wayne Albert Ray Donaldson, 73, first filed for bankruptcy 40 years ago. The Deep Brook couple claimed overextension of credit and significant home renovations as the reason…
The number of people going financially insolvent is predicted to have jumped to levels not seen for at least six years in official figures released on Tuesday. The Insolvency Service is due to release figures showing how many bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs) took place in the fourth quarter of…
The RCMP have laid charges against a separated couple who allegedly declared that their snow removal business, Ottawa Diamond Construction Inc., was bankrupt even though the business appeared to remain solvent. According to federal police officers, the pair, who are now divorced, declared the business bankrupt in 2015. They are alleged to have removed as…