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Daily Archives: February 12, 2019

The Mars One Project has run out of money – Critical Hit

BankruptcyBy Insolvency GuardianFebruary 12, 2019

Alas, a promised means of escaping Glenn Beck and the gay frogs (according to Darryn) has met a timely and unsurprising demise. Mars One Ventures, the corporate arm of the project that set out to colonise the red planet, has revealed to have been declared bankrupt by a Swiss court. The listing was filed back…

Russian businessman having $115 mln debt declared bankrupt – RAPSI

BankruptcyBy Insolvency GuardianFebruary 12, 2019

10:59 12/02/2019 MOSCOW, February 12 (RAPSI) The Commercial Court of Orenburg Region has declared businessman Sergey Chernov residing in Moscow bankrupt for his 7.6-billion-ruble debt (about $115 million) to creditors, according to court records. Debt restructuring process has been initiated against him. Chernov has filed a claim for his own bankruptcy. As part of this…

Easons restructuring depends on property market – The Irish Times

RestructuringBy Insolvency GuardianFebruary 12, 2019

These are interesting times for Irish books retailer Eason, which this week asked the High Court to formally approve its plan to pay a 60 million special dividend to shareholders. The grand old retailers plan is to free up close to 100 million in capital by completing the sell-off of a 13-strong portfolio of properties,…

The company that promised a one-way ticket to Mars is bankrupt – The Verge

LiquidationBy Insolvency GuardianFebruary 12, 2019

Mars One Ventures the company that claimed it was going to send hundreds of people to live (and ultimately die) on the Red Planet is now bankrupt, according to Swiss financial notices. Its an unsurprising development, as many experts suspected that Mars One has been a scam for years, preying on peoples desires to travel…

PG&E’s bankruptcy filing looks phony from here – Chico Enterprise-Record

BankruptcyBy Insolvency GuardianFebruary 12, 2019

Its no secret that to many California consumers, this winters Chapter 11 bankruptcy filing by Pacific Gas & Electric Co. looks as phony as a $3 bill. Thats because bankruptcy filings are intended to protect companies and individuals whose financial survival is threatened. There is no evidence this states biggest utility is in such deep…

Experts claim Monopoly money can help your kids stay out of debt – Kidspot

Debt HelpBy Insolvency GuardianFebruary 12, 2019

Collect $200 and pass go because this is a lesson we can all get behind. There are so many different life lessons we need to teach our kids to help guide them in life. But at the end of each day, we just hope we have done enough toraise good humans. Thats why it is…

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