British artist Rebecca Moss thought she was going to spend a few weeks crossing the Pacific Ocean as part of a artists residency, but now the freighter she boarded on August 23rd is stuck floating off the coast of Japan and theres no end in sight for her voyage. The residency, which is sponsored by Access Gallery in Vancouver,…
By Reuters Published: 16:44 +10:00, 14 September 2016 | Updated: 16:44 +10:00, 14 September 2016 e-mail BERLIN, Sept 14 (Reuters) – The number of German companies filing for insolvency fell further in the first half of the year after reaching a record low in 2015, as Europe’s biggest economy enjoys a prolonged upswing, data showed…
The collapse of South Korean company Hanjin Shipping has left ships, cargo and crews stranded around the globe. It highlights the complex consequences of a shipping company going bankrupt, with Hanjins creditors and customers waiting to see whether the business can be saved. Hanjin Shipping Co is one of the worlds top ten container carriers,…
The process to go bankrupt is too easy and does not allow for the debtor to explore all their options. As part of my research I interviewed 29 people who had recently declared bankruptcy. We discussed the process. I found that at least half of the people interviewed did not have to go bankrupt. Going…
Malaysia’s transport minister confirmed for the first time that the pilot of missing Malaysia Airlines Flight 370 had simulated a flight over the remote southern Indian Ocean, where the jet is believed to have crashed. Photo: Zaharie Ahmad Shah Brake fail. Malaysia Airlines’ A330 with damaged door after colliding with the aerobridge at Melbourne Airport.…
Short-seller Jim Chanos said an announced $2.6 billion merger with SolarCity Corp. will make Tesla Motors Inc. a “walking insolvency.” The synergies are questionable at best,” Chanos, who founded hedge fund firm Kynikos Associates, said at the CNBC Institutional Investor Delivering Alpha Conference on Tuesday in New York. He estimated that the combined company, which will…
left to right CVR Global managing partner Richard Toone, with Southampton partners Simon Lowes and Matthew Fox INSOLVENCY and restructuring firm, CVR Global, has opened a new office in Southampton with a new senior partner appointment. Matthew Fox, partner at CVR Global, said: Were delighted to have opened the new office and to welcome Simon [Lowes]…
The Australian economy is facing headwinds for the remainder of 2016 and into 2017 following the decline in commodity prices. Local bankruptcies are expected to rise by 8%, according to Atradius forecasting, so it makes good business sense to look for ways to reduce risk exposure to let the company trade confidently. Australian businesses must start…
Luke Palladino, a star chef in and around Atlantic City for almost 15 years, has declared bankruptcy and closed his latest South Jersey restaurant. An answering machine was still working and giving out restaurant details Monday at Luke Palladino Seasonal Italian Restaurant, in Linwoods Central Square shopping center. But the system wasnt taking messages and…
D-Day for firms covered by insolvent Enterprise Insurance 22 August 2016