LAST WEEK, we examined the circumstances in which directors (and sometimes shareholders) can be personally liable for the debts of their company (“When are directors personally liable for corporate debt?” BT, July 4). This week, we look at a company that is insolvent (or nearly so), and how that may also give rise to a…
The slumping oil market is taking a heavy toll on consumers in Canada, new federal statistics suggest, as personal insolvency filings spiked in energy-producing provinces over the past year. Consumer insolvency filings were about five per cent higher in April 2016 than they were during the same month last year, according to a report recently released by the Office of the…
Music 50 Cent mocks disabled teen Rapper 50 Cent is facing fierce backlash after he posted a video of himself mocking a disabled teenager. PT0M52S http://www.smh.com.au/action/externalEmbeddedPlayer?id=d-4egfx 620 349 May 4, 2016 Rapper 50 Cent may need to be upgraded to Dollar. Australian Dollar, that is. The American hip-hop star, whose real name is Curtis Jackson…
IndyCar racing will provide $925,000 to ticket buyers still waiting for refunds from a planned Boston race that was canceled in April, according to an agreement with Attorney General Maura Healey announced Thursday. Healey also filed suit Thursday in Suffolk Superior Court against Boston Grand Prix LLC, the local company that proposed the…
Rapper 50 Cent may need to be upgraded to Dollar. Australian Dollar, that is. The American hip-hop star, whose real name is Curtis Jackson (or Curtis James Jackson III, to be complete) has been in bankruptcy court for a while trying to manage debts of nearly $50 million. Previous slide Next slide 50 Cent mocks disabled…
As college students enjoy the remnants of a fast-moving summer with school approaching next month, one metro private university is already in session teaching a lesson thats not normally taught in a classroom. Grand View University in Des Moines has created a unique program to help students understand their costs and minimize loans so they…
Yulia Kyrpa, a Kyiv lawyer who is chairperson of the banking and finance committee of the 500-member Ukrainian Bar Association, sits down with the Kyiv Post on June 30 to explain what went wrong with Ukraines banking sector and how to fix the problems. She is a partner with AEQUO law firm. (Courtesy) Photo by…
Yulia Kyrpa, a Kyiv lawyer who is chairperson of the banking and finance committee of the 500-member Ukrainian Bar Association, sits down with the Kyiv Post on June 30 to explain what went wrong with Ukraines banking sector and how to fix the problems. She is a partner with AEQUO law firm. (Courtesy) Photo by…
The killing of five heifers by Defence Forces soldiers during a bankruptcy seizure on a farm in Co Monaghan on Tuesday has been described as pretty horrific by an animal rights group. The Red Limousin heifers were shot dead, with the approval of the Department of Agriculture, on John Hoeys farm at Annacroft, outside Carrickmacross,…
Earlier this year, both the lower and upper houses of Malaysias parliament, passed the Companies Bill 2015 (the Bill) which will harmonise Malaysia’s insolvency laws and bring them more in line with modern international standards. Once the Bill comes into effect (it is currently awaiting Royal Assent), it will replace Malaysias existing Companies Act…