A court has overturned the refusal of a bank to agree to an insolvency deal for a Co Monaghan couple. The development means the original proposal of a 50% write-down of mortgage debt, or a 150,000 reduction in the loan on the family’s home, will now proceed. This is the first time a court has…
Shares in Italian banks have plunged again, making Milans FTSEMib blue index the worst loser in Europe, even as prime minister Matteo Renzi made his latest attempt to shore up confidence in the battered sector passing a bill to reform governance of 4,000 cooperative banks and offer state guarantees for bad loans. Shares in UniCredit,…
(ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria rescue was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents will now…
(see previous) (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria bail-in was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents…
(see previous) (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria bail-in was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents…
Kim Davies was found guilty of using childrens gravestones to decore the walls and patio of Llanwenarth House last year (Picture: Dimitris Legakis/Athena Pictures) A millionaire property developer who used childrens gravestones to pave the drive of a historic mansion has been declared bankrupt. Kim Davies, 61, was declared bankrupt after fighting a costly three-year legal battle with…
A mother who was declared bankrupt after falling behind with her daughter’s private school fees will now lose her country home following a series of family tragedies. Maxine Turner-Hankinson, 47, who used to live in a £1.6million Barbados villa, permanently moved into a cottage in the grounds of a Regency mansion in Derbyshire in 2009.…
Latin America Power BV shareholders sued SunEdison Inc., claiming the worlds biggest clean-energy developer is on the brink of bankruptcy and trying to hide assets. The shareholders say they need a court order to protect SunEdison assets while they pursue a claim in arbitration for $150 million, which they say theyre entitled to after the…
Around 10,000 supporters headed for the exits during the club’s 2-2 Premier League draw with Sunderland, in protest against proposals to introduce a highest-priced 77-pound ticket for next season. Principal Owner John W Henry, Chairman Tom Werner and President Mike Gordon issued a statement on the club’s website on Wednesday, apologising for any distress that…
Comments Print /License AA Goodwills paralyzed Toronto-based chapter has just $835,308 remaining in assets but owes more than $6-million to creditors such as its employees and landlords, according to documents filed when it declared bankruptcy this week. The charitys assets total just a bit more than the $700,000 Goodwill paid in rent each month for…