Article 0 Comments The Pennsylvania Commonwealth Court has approved the liquidation of Bedivere Insurance Company, formerly One Beacon Insurance Company, recognizing that the companys financial liabilities have exceeded its assets. Bedivere, a domestic stock property/casualty company based in Pennsylvania, has consented to the liquidation process, in which policyholder claims will be paid through the state…
The emergency funding will cover services until 18 May Transport for London (TfL) has accepted the Governments offer to extend its bailout by seven weeks, despite calling for a longer-term deal. A 260 million (US$360.5 million) injection will be provided to cover the 31 March-18 May period, plus another 225 million dependent on fare revenue.…
Jackie Cook | For The Bulletin When you see the word gambling, what comes to mind? Gambling is the act of placing something of value (most often money) on an uncertain outcome with the hope of winning something of greater value. By this definition, many things are gambling that we may not have even realized.…
American beverages giant Coca-Cola has weathered many storms in India but none like the one it is undergoing this time. Apart from the Covid-induced disruptions, it is also going through a massive global restructuring and is now under a new chief. Sanket Ray, the new president of Coca-Cola India and South West Asia, comes with…
BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 1JANUARY – FEBRUARY 2021IN THIS ISSUE1 The Year in Bankruptcy: 20206 Focus on Health Care Provider Bankruptcies10 Texas Bankruptcy Court Allows Make-Whole Premium as Liquidated Damages and Requires Solvent Chapter 11 Debtor to Pay Postpetition Interest13 Energy Sector Update: More Bankruptcy Courts Join the Fray in Dispute Over Rejection of…
If youre ever looking for debt advice or know someone who is going to make sure youre talking to a legitimate debt advice organisation and not an imposter firm When you need help with debt from an organisation like StepChange, as many have done during the pandemic, you should feel confident that the organisation youre…
Primesite’s stalled The Rise has since been picked up by Legacie Developments 22 Mar 2021, 11:19 Dan Whelan Having been declared bankrupt in January, the man behind several troubled Liverpool developments is now being investigated by the Insolvency Service. The Government department confirmed this morning it had launched an investigation into the conduct of the…
SINGAPORE: Saddled with gambling debts and bills for his wedding as well as his mother’s medical treatment, a man cheated StarHub of almost S$195,000. Sim Zong Hui, whose wife has since left him, was sentenced to three years’ jail on Monday (Mar 22). Advertisement Advertisement Sim, 31, pleaded guilty to two charges of cheating StarHub…
SINGAPORE – CapitaLand has proposed the group’s biggest-ever overhaul that will see the privatising of its real estate development business and consolidation of its fund management and lodging business. Under the scheme, the group’s investment management and fund managing platformsas well as its lodging business will be consolidated into CapitaLand Investment Management (CLIM), which is…
Financial literacy edu a vital tool against youth bankruptcy Published on: Monday, March 22, 2021 By: Bernama Text Size: The Star picture – for illustration only. Kuala Lumpur: Financial literacy education is a must for students, advocates a financial services industry trainer.Education is vital, they should start young, whereby one or two periods on financial…