Category Archives: Bankruptcy

Manolete Wins Prestigious Insolvency Litigation Funder of the Year Award – Business Wire (press release)

LONDON–(BUSINESS WIRE)–At the 2016 Turnaround Restructuring and Insolvency (TRI) industry awards at the London Hilton, Manolete Partners PLC beat Burford Capital, Harbour Litigation Funding and several other funding companies to win the inaugural award for Insolvency Litigation Funder of the Year. The TRI judging panel comprised many senior executives and leading professionals from across the…

Fitch: High Tax Burden Pushes Pemex Toward Insolvency – Business Wire (press release)

CHICAGO–(BUSINESS WIRE)–Petroleos Mexicanos (Pemex) faces insolvency as a result of heavy taxes, an insufficient support package, and the long-term effects of capex reduction, according to a new Fitch Ratings sensitivity analysis. “The Mexican government’s continued demand for dividends from Petroleos Mexicanos (Pemex) in the form of taxes will force the company to borrow at a…

Insolvency appointments Oct 7-21, 2016 – Business News

Firm Appointee/Solicitor appointed as for Company Published Date Grant Thorton Matthew James Donnelly liquidator Four Direct Pty Ltd 21/10/2016 Mackay Goodwin Domenico Alessandro Calabretta liquidator Wunderbar Reo Pty Ltd 20/10/2016 McGrathNicol Robert Michael Kirman administrator Harts Financial Group Pty Ltd 20/10/2016 McGrathNicol Robert Michael Kirman administrator Harts Financial Solutions Pty Ltd 20/10/2016 Ticcidew Insolvency Simon…

Ezra may relook investments in Malaysia’s Perisai Petroleum – DEALSTREETASIA

Supreme Court: Policyholders’ rights restricted after insurer goes broke – Florida Politics (blog)

State law limits a homeowners rights under a sinkhole policy once the insurer becomes insolvent and the claim goes to the Florida Insurance Guaranty Association, the Florida Supreme Court ruled Thursday. It doesnt matter if the policy was issued before a statute constraining the associations obligation took effect, Justice Charles Canady wrote for a…

New scheme to help those in serious mortgage arrears could prevent more families becoming homeless – Irish Mirror

A new 15million scheme to help home-owners in serious mortgage arrears has been launched by the Government. The service, called Abhaile, will offer a financial and legal lifeline to those who are deeply indebted and will be free for those who qualify. Before someone can qualify they must be a mortgage-holder who is in serious…

Dick’s reportedly preparing bid on bankrupt Golfsmith stores – Retail Dive

Dive Brief: Dicks Sporting Goods is preparing to bid on bankrupt Golfsmith Internationals U.S. business, challenging an offer from Worldwide Golf Shops (which operates stores under the Roger Dunn Golf Shops, Van’s Golf Shops and Golfers’ Warehouse brands), sources told Reuters. Bids for Golfsmith, which filed for Chapter 11 bankruptcy in…

Attorney General’s office to start leading prosecution in crimina… – MaltaToday

Prosecutions will be handled by the Attorney Generals office rather than the police Jurgen Balzan 18 October 2016, 11:56am Prosecutions will be handled by the Attorney Generals office rather than… Read the full article at: http://www.maltatoday.com.mt/news/budget-2017/70701/attorney_generals_office_to_start_leading_prosecution_in_criminal_cases

Insolvent father seeking access to child ‘went on a foreign holiday’ – Irish Examiner

A father seeking extended access to his child went on a foreign holiday, drives a luxury car, and was seen on social media socialising in a number of bars and restaurants while not paying maintenance to his former partner. The mothers solicitor told a family law court in Cork that the claims that his current…

First Personal Bankruptcy in Croatia Declared – Total Croatia News

An unsuccessful entrepreneur from Krapina is the first person in Croatia which has declared personal bankruptcy. Three months after starting proceedings for personal bankruptcy, the Municipal Court in Zlatar officially confirmed the first personal bankruptcy in Croatia, which was filed by a 51-year-old former businesswoman from Krapina. Based on data, the court concluded that pension…