Category Archives: Bankruptcy

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Yangtze River Port and Logistics Limited To Contact The Firm – Press Release – Digital Journal

NEW YORK–(Business Wire)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Yangtze River Port and Logistics Limited (“Yangtze River” or the “Company”)(NASDAQ:YRIV) of the March 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested…

Bankrupt coal company wants to sell Wyoming mine – KGWN

CASPER, Wyo. (AP) – A Colorado-based coal company going through bankruptcy proceedings has asked for permission to sell its mine in southwestern Wyoming. The Casper Star-Tribune reports a recent court filing shows Westmoreland Coal Co. requested to sell its Kemmerer mine by the end of February. The company declared bankruptcy in October with more than…

Jailed restaurant owner served with directorship ban – GOV.UK

Jilan Moore (68) was the director of Beijing Dragon Catering Limited, the company that acted as the trading vehicle for three licensed restaurants across Lincolnshire known as The Beijing Dragon. Beijing Dragon Catering was incorporated in September 2007 and at the companys height, Jilan Moore ran three restaurants in Spilsby, Grimsby and Skegness with her…

Spliethoff snares ships from troubled Hansa Heavy Lift – TradeWinds

Spliethoff Group has confirmed its purchase of five multipurpose (MPP) heavylift vessels from the fleet of bankrupt operator Hansa Heavy Lift (HHL). The Dutch MPP operator has acquired four 12,750-dwt F-type ships and one 20,100-dwt P-type for an undisclosed price. It is buying the vessels a month after the German company was declared insolvent with…

Corporate insolvency rates edge up in Scotland – Accountancy Daily

There were 209 corporate insolvencies recorded for the period 1 October to 31 December, eight more than the same quarter in 2017-18. This number included 129 compulsory liquidations, 80 creditors voluntary liquidations and 122 members voluntary liquidations. No receiverships were recorded in the last quarter. Overall, corporate insolvency numbers in Scotland for the whole of…

Rise in number of Scots going bust, report indicates – Daily Mail

By Press Association Published: 22:54 AEDT, 23 January 2019 | Updated: 02:55 AEDT, 24 January 2019 The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third…

Conclude Essar Steel insolvency case by January 31: NCLAT to NCLT – Business Standard

The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Ahmedabad bench of National Company Law Tribunal (NCLT) to pass appropriate orders in the Essar Steel insolvency case by January 31, failing which the appellate tribunal would take up the matter and pass orders in the case on February 4, when…

Rise in number of Scots going bust, report indicates – Gazette

The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…

Rise in number of Scots going bust, report indicates – shropshirestar.com

The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…

Dealing with cross-border insolvency of a single corporate entity – Livemint

The cross-border insolvency framework released for discussions encompasses authorities across jurisdictions pertaining to insolvency proceedings of any single corporate debtor. Currently several multinational companies (MNCs) hold their assets in foreign jurisdictions through subsidiaries which are distinct legal entities. Consequently, the commencement of insolvency proceedings for any single company cannot be extended to all its group…