August 14, 2020 - Insolvency Guardian

Blue Capital Reinsurance Holdings Ltd. (In Liquidation) Announces Aggregate Catastrophe Loss – GlobeNewswire

LiquidationBy Insolvency Guardian August 14, 2020

August 14, 2020 17:05 ET | Source: Blue Capital Reinsurance Holdings HAMILTON, Bermuda, Aug. 14, 2020 (GLOBE NEWSWIRE) — Blue Capital Reinsurance Holdings Ltd. (in liquidation) (OTC:BCRHF) (the “Company”), a Bermuda holding company, today announced the notification of an aggregate catastrophe loss related to 2017 catastrophe events. The Company, through its operating subsidiaries, previously offered…

Harsher, more personal repercussions for failure to pay players to follow privatisation – Goal.com

BankruptcyBy Insolvency Guardian August 14, 2020

The privatisation of Malaysian clubs is expected to lead to harsher, more personal repercussions for the failure to pay players and staff. The club privatisation drive currently being pushed through by the Malaysian FA (FAM) will introduce several beneficial changes in Malaysian club’s operations, according to its general secretary Stuart Ramalingam. In a press briefing…

Hot gambling stock DraftKings falls 6% after company reports larger loss than expected – CNBC

GamblingBy Insolvency Guardian August 14, 2020

DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened despite strong revenues and a turnaround in user engagement. The Boston-based gambling company posted a second-quarter loss of $161.4 million, or 55 cents per share, compared to a loss of $28.11 million, or 15 cents per…

Gambling addict son stole £300k from Grand National-winning jockey – BBC News

GamblingBy Insolvency Guardian August 14, 2020

Image copyright Getty ImagesImage caption Ben De Haan won the Grand National on Corbiere in 1983 A gambling addict stole nearly 300,000 from his Grand National-winning jockey father’s business to pay off a debt. Oliver De Haan took the cash from the coffers of Ben De Haan, who won the Grand National on Corbiere in…

Q2 and H1/2020: Tangible positive impact of restructuring on aap performance in challenging COVID-19 – PharmiWeb.com

RestructuringBy Insolvency Guardian August 14, 2020

DGAP-News: aap Implantate AG / Key word(s): Half Year Results14.08.2020 / 15:48The issuer is solely responsible for the content of this announcement. The COVID-19 pandemic led to a significant impairment of business operations at aap Implantate AG (“aap” or “Company”) in recent months, which is reflected in the development of sales and earnings in the…

BDO USA Welcomes Balderach and Novak to Business Restructuring Practice – News – ABL Advisor

RestructuringBy Insolvency Guardian August 14, 2020

BDO USA, LLP announced that David Balderach and Robert Novak recently joined the firms business restructuring and turnaround services practice. Balderach, an industry veteran serving the lending and restructuring needs of energy and oilfield services businesses for the past 30 years, has joined BDOs Houston office. Balderach brings his deep industry experience to BDO to…

‘Spike’ in personal insolvencies predicted later this year by North West experts – Burnley Express

BankruptcyBy Insolvency Guardian August 14, 2020

Allan Cadman of R3 Now residents with debt problems are being urged to seek advice at an early stage. More than 8 in 10 insolvency and restructuring professionals questioned in a survey by their trade body R3 say they expect personal insolvency numbers to increase within the next 12 months. Of these, the majority, 62…

Bankrupt Alaska airline seeks bonus for its chief executive – KOKI FOX 23

BankruptcyBy Insolvency Guardian August 14, 2020

ANCHORAGE, Alaska (AP) The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court, arguing that the bonuses are justified because of long…

FSA share price surges 16% thanks to positive annual report – Motley Fool Australia

BankruptcyBy Insolvency Guardian August 14, 2020

The FSA Group Ltd (ASX: FSA) share price today surged higher after the company reported better than expected full year results. The FSA share price was up 15.56% to $1.04 by the markets close. What FSA Group does FSA Group is a provider of debt solutions and direct lending services to individuals in Australia. FSA…

Ailing Wirecard set to exit DAX index – The Star Online

BankruptcyBy Insolvency Guardian August 14, 2020

FRANKFURT: Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly review following the collapse of the payments company amid allegations of accounting fraud. The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favoured immediate removal of bankrupt companies…

Daily Archives: August 14, 2020