Creditors who funded the United States shale boom are not in good shape to recover their invested funds, according to Moodys Investors Service. Banks and private lenders have only gotten back $1 of every $5 they invested in companies that declared bankrupt in 2015, the credit rating agency reports, which analyzed 15 bankrupted energy companies…
A British absurdist artist is stuck off the coast of Japan on board a Hanjin Shipping freight ship after the company declared bankruptcy. 25-year-old Rebecca Moss is onboard the vessel as part of the 23 Days at Sea project a residency program organized by a Vancouver art gallery that puts artists on cargo ships sailing from…
MARTY SHARPE Frimley Estate, on the northern edge of Hastings. The man behind the development, Nick Duff, has declared himself bankrupt. The developer behind an unsuccessful property development in Hastings has declared himself bankrupt with his company still owing nearly $3million. Nick Duff, also known as Stephen Duff, applied to make himself bankrupt on August 30.…
Christopher Heaps’ business Kiwi Bullion is being investigated by police in Christchurch. Fraud accused Christopher Heaps has been in business for little over a decade but already faces a second stint as a bankrupt. The 28-year-old real estate agent and precious metals trader recently skipped the country leaving behind a trail of unhappy customers. Police are…
Insolvency expert, self-help author uses Bandido bikie enforcer to settle debts exit Doug Constable claims to be an “insolvency expert”, who helps ailing businesses stave off creditors and avoid bankruptcy. The 66-year-old businessman, who wrote a book called How to Not Pay Your Debts, says he is “passionate about helping people draw a line in…
Doug Constable claims to be an “insolvency expert”, who helps ailing businesses stave off creditors and avoid bankruptcy. The 66-year-old businessman, who wrote a book called How to Not Pay Your Debts, says he is “passionate about helping people draw a line in the sand in times of financial distress”. When insolvency expert Doug Constable…
William Evan Price was jailed at Cardiff Crown Court A TORFAEN man who took almost £50,000 from clients facing bankruptcy while working as an insolvency practitioner has been sentenced to two years in prison. William Evan Price, 69, of Park View Terrace, Pontnewynydd, appeared at Cardiff Crown Court on Monday. The name of his company…
Enlarge this image Containers are stacked at the Hanjin Incheon Container Terminal on Sept. 3 in Seoul. South Korea’s Hanjin Shipping company declared bankruptcy Aug. 31. Ed Jones/AFP/Getty Images hide caption toggle caption Ed Jones/AFP/Getty Images Dozens of massive container ships are stranded at sea, looking for a place to dock after one of the…
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