Mohammed Yaseen, Staff Reporter The Dubai Court declared the insolvency of a debtor who defaulted on his debts amounting to Dhs183 million and ordered the preservation of all his property in all types and forms, in preparation for distribution it to the creditors. According to the case documents, the debtor filed a request to open…
Bankruptcy trustee for B.C.-based Epicure has sold $4.2M of products – Business News Castanet.net Read the original article here
Will the Coalition support the Government’s student debt plans? The Daily Aus Read the original article here
Investors holding Ethiopia’s defaulted $1 billion bond have contested the International Monetary Fund’s (IMF) evaluation of the country’s debt relief needs. They argue that the IMF has underestimated the positive impact of increased gold and coffee exports on Ethiopia’s financial recovery. The bondholder committee, which owns 40% of the debt, claims that the IMF’s projections…
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Ethiopian Bondholders Dispute IMF’s Debt Relief Assessment Amid Export Surge iAfrica.com Read the original article here
Major clothing retailer to close 23 stores after going into administration MSN Read the original article here
Pierer Industrie AG avoids insolvency, decision on KTM imminent MSN Read the original article here
Bankruptcy trustee for Victorian Epicure has sold $4.2M of products Times Colonist Read the original article here
The receivers appointment on 19 February occurred alongside FSG’s board resolving to appoint Barry Wright and Daniel Juratowitch of Cor Cordis as voluntary administrators. Control of the group now rests with the receivers who intend to continue to trade on a business-as-usual basis while pursuing sale options or a recapitalisation through the voluntary administration process. …