On May 11, 2017, the Management Board of SolarWorld AG filed for insolvency proceedings at the local court of Bonn. Some of the affiliated companies followed suit on May 12, 2017. The Management of the affiliated companies SolarWorld Industries Sachsen GmbH, SolarWorld Industries Thüringen GmbH, SolarWorld Industries Deutschland GmbH and SolarWorld Innovations GmbH also filed…
On 7 June Intl Bank of Azerbaijan can be declared bankrupt Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) can be declared bankrupt on 7 June on American time. Precisely on this day the U.S. court will consider IBAs statement of claim on recognition of its bankruptcy and protection from creditors. The Bank estimated the…
Written by Hina Rohtaki | Chandigarh | Published:May 15, 2017 8:44 am The Chandigarh Smart City Limited (CSCL) will hire a team of nine experts for executing the smart city project.The experts, all between 45 and 55 years of age, would be appointed for a period of three years and would be paid up to…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. Archi Render owners Alma and Merso Halilagic have had a caveat taken out on their home…
IDBI Bank is said to be planning to approach National Company Law Tribunal (NCLT) to recover bad loans worth Rs 100 crore from a company. Under Insolvency and Bankruptcy Code, a bank can file a case in NCLT to recover debt. An official in the know said, The IDBI Bank is planning to…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
HILLSBORO, Ore.–(BUSINESS WIRE)–SolarWorld Americas Inc., based in Hillsboro, Ore., is operating as usual and maintaining full operations as it produces and sells its market-leading solar technology. Parent company SolarWorld AG and its German subsidiaries are undertaking insolvency proceedings in Germany. However, SolarWorld Americas, the largest U.S. crystalline-silicon solar manufacturer for more than 42 years, is…
Dear Savvy Senior, What happens to a persons debt after they die? My mother has taken on a lot of medical and credit card over the past few years and Im worried that my brother and I will be responsible for it when she dies. What can you tell me? Worried Daughter Dear Worried, In…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
The total number of petition filings across offshore jurisdictions fell 10% in 2016 when compared to the previous year, reflecting a continued levelling off since the high-point of 2013, according to a report released by law firm Appleby. This was among the findings of the firms Snapshot: Review of 2016 Offshore Petition Filings & Court…