A small Dutch company which promised to establish a permanent colony on Mars, self-funding the unprecedented project with reality television deals, has been declared bankrupt. The Mars One project was announced in 2012 with the aim of putting the first four humans on Mars in 2024. It claimed to have attracted interest from 200,000 peoplewho…
The Rio Olympics debts have spiralled out to more than $159 million, almost three years since the Olympic flame was extinguished at the Maracana Stadium. In yet another body blow warning for any global city considering bidding to host the worlds most prestigious sporting event, a report from Brazil claims the Rio Organising Committees debts…
The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly. The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly. According to the Office of the Superintendent of Bankruptcy, 14,700 Albertans…
It is estimated that for every 100 people who gamble as entertainment or as a business, there will be three to five out of the hundred that will have a problem with gambling. In the United States, there will be 750,000 teenagers between the ages of 14 and 21. While some problem gamblers are able…
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the first…
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA). He rejected arguments…
Thyssenkrupp shares fell to a three-year low on Tuesday after the company warned that economic and political uncertainties were growing as it unveiled disappointing results. The German industrial group, which produces a range of products from steel to elevators, reported a sharp 37 per cent drop in operating earnings in the last three months of…
IVAs (Individual Voluntary Arrangements) help you to deal with your debts. Before taking any decision about this arrangement, you have to understand this procedure and its effects. An IVA acts as an agreement between a debtor and his/her creditors to pay debts (total debts or parts of obligations). You have to make regular payments to…
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA). He rejected arguments…
The Committee through e-voting held on February 12, 2019 approved to issue fresh invitation for expression of interest from interested, prospective resolution applicants as per the provisions mentioned under The Insolvency and Bankruptcy Code, 2016. The RP was authorised to keep the invitation open from February 13, 2019 to February 28, 2019 Pdf Link: BS…