A group of investors in Aspen Kitchen has taken legal steps to dismiss its bankruptcy on the grounds that it was filed without their consent and reflects a power struggle in the companys ownership structure. Separate motions were filed Thursday by AH DB Kitchen Aspen Investors and Hanford Holdings, both of which claim to have…
©Bloomberg The Puerto Rican government has opened 600 accounts at a commercial bank in a desperate attempt to maintain essential services as the islands de facto finance authority teeters on the brink of default. The move was seen as a quick fix for the Commonwealths Treasury and public agencies to protect themselves from the Government…
The Lougheed family knows only too well Albertas glorious booms as well as its painful, discouraging, and devastating busts. There has been a member of the family in the law in Calgary in every generation since 1882. Lougheed knows this city and the province like few others. He says law firms are not immune to…
This article appears in the April edition of the Financial Post Magazine. Visit the iTunes store to download the iPad edition of this months issue. One loonie at a time: Learn how to trick yourself into saving for retirement Changing how people think about the money they save is one of the central tenets of…
Nine of Puerto Ricos creditors today joined forces to sue the islands Government Development Bank to prevent it from making payments to creditors before agreeing on a debt restructuring mechanism for the banks bonds. Catastrophic losses to GDB creditors and the potential for serious harm to Puerto Rico as a whole can only be averted…
INSOLVENCY outfit Begbies Traynor has signed an agreement with the Chartered Institute of Credit Management (CICM) to become one of its new corporate partners. Mathew Headland, CICM national relationship manager at Begbies Traynor says as a business it already has a close relationship with CICM members: We understand the key role credit managers play in the…
Last Modified: Mon, Apr 04 2016. 06 48 PM IST In about 80% cases, the business fails due to cash flow problems, which can be overcome by talking to bankers to extend the loan, or with the help of short-term loans Bankruptcy is a legally declared inability or impairment of ability of an individual…
Dmail Group SpA : * Said on Friday that Court in Florence declared its wholly-owned unit Dmedia Commerce SpA bankrupt Source text for Eikon: Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSL5N17713W
ICA director had financial problems of his own, Trib investigation finds …
A decade ago, bank salespersons were seen at almost every street corner in Taipei. Apart from credit cards, they also offered unsecured micro-loans to ordinary people. As long as you didnt have a criminal record and could provide your basic information such as ID number, address and employment, you could get a cash card in…