New Zealand-based CBL Corporation, which has operations in both the UK and Ireland, has been placed into liquidation by the High Court, as directors of the failed insurer withdrew their opposition to liquidate the group. CBL Corporation directors Alistair Hutchison and Peter Harris said they decided not to oppose the liquidation application after failing to…
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity…
Press release content from ACCESSWIRE. The AP news staff was not involved in its creation. Click to copyhttps://apnews.com/ACCESSWIRE/e46c6eb3a31243e0088a830aa835755a IRVINE, CA / ACCESSWIRE / May 13, 2019 / Sometimes people find themselves spiraling in debt, and they cant keep up with the payment. This causes them to be stressed out and trying so hard to make…
Image note: Displayed by Statistical Area Level 4 The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the March quarter 2019. New personal insolvencies fell in most capital cities in the March quarter 2019 compared to the previous quarter. The exception was Greater Darwin. March quarter 2019 regional personal insolvencies state by…
The High Court of England and Wales has recognized Singapores new moratorium law for companies unable to pay their creditors. The ruling is positive for debt workouts across different jurisdictions and a boost to the city-states ambition to become Asias debt restructuring hub. Rajah & Tann Singapore and the London office of US law firm…
One of the objects of the Insolvency and Bankruptcy Code, 2016 is stated to be balancing the interests of all stakeholders. This object and purpose have recently been the subject matter of judicial interpretation as well as arguments in some of the significant resolution cases undertaken under the provisions of the code. One of the…
A FEDERAL agency chased a Gladstone man for nearly two years to fill out a form a magistrate said would take just five minutes. Former business owner Michael Rodney Stark pleaded guilty in Gladstone Magistrates Court last week to one count of fail to make out and file statement of affairs and furnish a copy…
By World Oil Staff on 5/13/2019 Photo: Weatherford President and CEO Mark McCollum. HOUSTON One of the worlds largest oilfield services companies filed for Chapter 11 Bankruptcy protection on Friday, and the move may finally give Weatherford International plc enough room/time to turn around its struggling operations. The firm announced…
NEW DELHI: Lenders of debt-ridden dairy firm Kwality on Monday decided to carry out voting on extending the May 15 deadline for submitting the resolution plan by interested bidders, including Haldiram and Kotak group firm, sources said. The lenders would also vote on seeking extension of insolvency proceedings by 90 days, they said. As many…
New Zealand-based CBL Corporation has been placed into liquidation by the High Court, as directors of the failed insurer withdrew their opposition to liquidate the group. CBL Corporation directors Alistair Hutchison and Peter Harris said they decided not to oppose the liquidation application after failing to obtain the agreement of the companys bankers to the…