Victims of poor financial advice like Naomi Halpern have concerns about bankruptcy reforms. Wayne Taylor Reforms put forward by the Turnbull government to make it easier for people to get out of bankruptcy may not help many people expected to benefit from the scheme, experts say. Yet for some investors caught up in the collapse…
Business Netherlands Major shoe retailer officially declared bankrupt Shoe retailer Macintosh was officially declared bankrupt on Wednesday, after announcing that it filed for bankruptcy earlier in the day, NU reports. The bankruptcy applies only to the parent company. All of the companys shoe stores, including Scapino, Dolcis, Manfield and Pro Sport, will remain open for the…
Victims of poor financial advice like Naomi Halpern have concerns about bankruptcy reforms. Photo: Wayne Taylor/Fairfax Media Reforms put forward by the Turnbull government to make it easier for people to get out of bankruptcy may not help many people expected to benefit from the scheme, experts say. Yet for some investors caught up in…
TALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nation’s state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting…
Nigeria Truth will always remain the truth no matter the circumstances. If it is not true, no matter how you try to garnish it, it must still remain falsehood and vice versa. This appears to be the main crux of the bedlam between the ruling All Progressives Congress (APC) and the opposition Peoples Democratic Party…
The board of directors of Romanian state-owned power producer Complexul Energetic Hunedoara (CEH) decided on Monday evening to ask for the companys voluntarily entry into insolvency. The energy company has total debts of RON 1.2 billion (some EUR 266 million) and several creditors have blocked its accounts. The board also decided to dismiss…
TALLINN, Estonia – An Estonian court has formally declared the Baltic nation’s state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting…
Dec 29 Moscow Exchange: * AKB RBR shares to be excluded from trading as of Dec. 30 due to the fact the company has been declared insolvent Source text – bit.ly/1IAXBWf Further company coverage: (Gdynia Newsroom) Read the full article at: http://in.reuters.com/article/idINFWN14I00920151229
TALLINN, Estonia (AP) An Estonian court has formally declared the Baltic nations state-owned airline bankrupt after it ceased operations last month following a European Union order to repay millions in state aid. The Harju County Court said Tuesday that the bankruptcy proceedings for Estonian Air are to be carried out immediately, with the first meeting…
MUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…