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Category Archives: Bankruptcy

2nd prison term ordered in credit union embezzlement case – The San Luis Obispo Tribune

BankruptcyBy Insolvency GuardianMay 1, 2017

A former suburban Detroit credit union official has been ordered to seven to 20 years in prison after pleading no contest to embezzlement. The sentence ordered Monday by Oakland County Circuit Judge Cheryl Matthews against Michael LaJoice is concurrent with the federal sentence handed down in March. LaJoice pleaded no contest to 14 state charges…

Why Gambler’s Canceled Debt Was Not Taxable Income – Accountingweb.com

BankruptcyBy Insolvency GuardianMay 1, 2017

The tax laws routinely spell out in excruciating detail just what a person does or does not have to count as reportable income, whether the source of that income is wages, investments, or what have you. Moreover, to resolve most disputes about whether a particular item should be classified as reportable, the law authorizes the…

Town’s excess insurance carrier declared insolvent – The Wilton Bulletin

BankruptcyBy Insolvency GuardianMay 1, 2017

Citing insolvency by the towns excess insurance carrier, the legal firm representing Wilton in the Girl Doe v. Wilton Board of Education Et Al lawsuit has filed for a continuance in a jury trial scheduled for this September. The insurance carrier Castlepoint National Ins. Co., was declared insolvent effective April 1. An order of liquidation…

Austria’s oldest soccer club, founded by a Rothschild, faces final whistle – The Times of Israel

BankruptcyBy Insolvency GuardianMay 1, 2017

VIENNA (AFP) Vienna til I die! chanted the fans, in accented English, at a recent rainy match, testament to the British roots of Austrias oldest soccer club: the once-mighty First Vienna FC 1894. But while the few hundred diehard supporters give it their all week in week out, the now dilapidated terraces of what was…

Too few controls on a big pest with a punting problem – Newcastle Herald

BankruptcyBy Insolvency GuardianMay 1, 2017

THIS is the bankrupt gambler who helped to bring down the biggest home builder in NSW, and in so doing, inflicted financial misery on thousands of innocent people. Mark Peters, 43, was a pest controller sub-contracted to Beechwood Homes when he convinced its owner, Larry King, to go into partnership with him and buy a…

Crook who stole from Dundee neighbour, 86, declared bankrupt – Evening Telegraph

BankruptcyBy Insolvency GuardianApril 29, 2017

A crook who was found with stolen items from his 86-year-old neighbours home has been declared bankrupt after racking up debts of more than £7,000. George Lamb, 29, of Ballindean Road, was jailed for 30 months at Dundee Sheriff Court in November last year after being caught with the goods just two days after being…

Independent Insurance victims finally receive payout – Financial Times

BankruptcyBy Insolvency GuardianApril 28, 2017

Victims of one of the UKs biggest corporate scandals of the 2000s have finally been awarded a payout 16 years after the company went bust. Independent Insurance Company, which at one point was worth almost £1bn, was declared insolvent in 2001, leaving thousands of customers out of pocket. At the time it was one of…

State Democrats eye bond to provide $250 million for student debt relief – Lewiston Sun Journal

BankruptcyBy Insolvency GuardianApril 28, 2017

AUGUSTA Hoping to lend a hand to cash-strapped young adults, Democrats are pushing for a student loan forgiveness program that would help lure recent college graduates to Maine. Sen. Nate Libby, D-Lewiston, said the pretty bold initiative would offer to pay off half a graduates student loan debt and refinance the rest at low interest.…

Trump Rejects Push to Help Solve Puerto Rico Debt Crisis – World Politics Review

BankruptcyBy Insolvency GuardianApril 28, 2017

SAN JUAN, Puerto Rico (AP) U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover…

The Turnbull government’s new “good debt” could put it in charge of … – Business Insider Australia

BankruptcyBy Insolvency GuardianApril 28, 2017

The Turnbull government will help fund inland rail and is almost certain to build, own and operate the $6 billion second Sydney airport, after Treasurer Scott Morrison paved the way for an infrastructure splurge by changing the way debt will be classified in the budget. Prime Minister Malcolm Turnbull all but confirmed that so-called good…

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…1,7911,7921,7931,7941,795…
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2005
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