Category Archives: Bankruptcy

Carillion, the tip of the iceberg, but the good ship construction cannot change its course – Construction Global – Construction News, Magazine and Website

Carillion, the tip of the iceberg, but the good ship construction cannot change its course by Ian Anfield, Hudson Contract managing director Figures published last week highlight the fact that our major contractors are a spent force, and ultimately why they should no longer be allowed to dominate the industry and influence government policy around…

Michel Longhini: «The Latest Toxic Legacy of the 2008 Crisis» – finews.asia

Page 1 of 2 Populists have jumped on the chance to capitalize on disillusionment and lead a movement for isolationism. How far will this go, Michel Longhini asks in his essay for finews.first.  finews.first is a forum for renowned authors specialized on economic and financial topics. The texts are published in both German and English.…

Worrying number of young people are declaring themselves bankrupt and here’s why – Surrey Live

Scores of debt-ridden young people in Surrey are declaring themselves insolvent before they reach their mid-20s and a debt adviser who works in Redhill has explained why. New data shows a total of 1,413 people in Surrey either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to…

Curtis leaving IMHO for new Home for Life role – Independent.ie

Co-founder of iCare Housing Stephen Curtis Curtis leaving IMHO for new Home for Life role Independent.ie Co-founder of iCare Housing and well-known consumer finance advocate Stephen Curtis is to leave the non-for-profit organisation to join recently launched mortgage-to-rent (MTR) provider Home For Life. https://www.independent.ie/business/personal-finance/curtis-leaving-imho-for-new-home-for-life-role-37319980.html https://www.independent.ie/incoming/article37320106.ece/b2941/AUTOCROP/h342/Untitled%205.jpg Email Co-founder of iCare Housing and well-known consumer finance advocate…

Adani, JNPT likely to bid for acquiring bankrupt Dighi Port – Hellenic Shipping News Worldwide

Adani Ports, Indias largest private sector port operator, and Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai are likely to bid for Dighi Port, which was declared bankrupt by the National Company Law Tribunal (NCLT) in April, according to two people aware of the matter. A subsidiary of South Korean steel giant Posco is also…

The state, not the Church, led to the rise of payday lenders like Wonga – shouldn’t it take some responsibility? – The Independent

Sometimes I feel as though I want to say a little prayer for the Archbishop of Canterbury, Justin Welby. His understandable anger and frustrations at the burning injustices of our times seem to have turned the mind of this priest a little too turbulent. Having helped put it out of business, just as he threatened,…

Municipal bond world still feels impact of Lehman collapse – Bond Buyer

A decade after Lehman Brothers collapsed, the courts are still working on remnants of the largest bankruptcy in U.S. history as the municipal bond industry continues to feel the effects. For the muni market, Lehman was a domino, said Nicholas Venditti, managing director at Thornburg Investment Management. In and of itself, Lehman wasnt a huge…

Adani, JNPT likely to bid for acquiring bankrupt Dighi Port – Livemint

The port is being developed as a multipurpose, multi-cargo and all-weather port under a 50-year concession agreement. Mumbai: Adani Ports, Indias largest private sector port operator, and Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai are likely to bid for Dighi Port, which was declared bankrupt by the National Company Law Tribunal (NCLT) in April,…

Why do some restaurants get millions while others go bankrupt? – Restaurant Business Online

The restaurant industry sure seems to be struggling these days. To wit: Noon Mediterranean, formerly known as Verts, filed for bankruptcy protection. Just last week, Mike Isabella Concepts declared bankruptcy. So did Rubys Diner. This after Real Mex Restaurants filed last month. Barnes & Noble admitted that its full-service restaurant experiment has been a major…

Bleak news for 138 creditors in Metro Builders’ collapse – Rockhampton Morning Bulletin

THE liquidator of a failed Rockhampton building company has released its report – and it’s not good news for the company’s 138 unsecured creditors. Metro Builders ceased trading on June 9, more than six months after becoming insolvent, owing more than $2.4million. On Tuesday, director and sole shareholder Glen Finning declared personal bankruptcy. Liquidator Christopher…