Category Archives: Bankruptcy

Six-year ban for boss after electrical firm V.H. McDevitt & Son closed owing £1.3m – Belfast Telegraph

By Margaret Canning Published 28/09/2016 Share Six-year ban for boss after electrical firm V.H. McDevitt & Son closed owing £1.3m BelfastTelegraph.co.uk A Co Down man has been handed a six-year boardroom ban after his electrical firm went bust owing £1.3m. http://www.belfasttelegraph.co.uk/business/news/sixyear-ban-for-boss-after-electrical-firm-vh-mcdevitt-son-closed-owing-13m-35084324.html http://www.belfasttelegraph.co.uk/incoming/article35084778.ece/22335/AUTOCROP/h342/boardroom.jpg A Co Down man has been handed a six-year boardroom ban after his…

Government says Bill to create judicial council ‘due by 2017’ – Irish Times

The Government has said it will publish a Bill on creating a judicial council, which would set standards for and examine allegations of misconduct against judges, before Christmas. The introduction of such a Bill has been on priority legislation lists, published by the current Government and the previous Fine Gael-Labour coalition, for more than four…

Donald Trump Goes Solar on Hillary Clinton During the First Debate – Fortune

Within the first thirty minutes of the first Presidential debate, Republican nominee Donald Trump appeared to refer to the now-bankrupt solar company Solyndra, without naming the firm, as an example of the U.S. governments failed energy policies. Trump referred to a solar company that the U.S. had invested in and in true Trump-style called it…

Woolworths’ Masters exit plan is back on track – The Australian Financial Review

On Tuesday Justice Lindsay Foster put on hold Lowe’s application for a court-ordered winding up until the parties go to arbitration. Wayne Taylor Woolworths’ $1.5 million Masters exit plan is back on track after the Federal Court ordered the company and its US joint venture partner, Lowe’s, to arbitrate their fallout behind closed doors. On Tuesday, Justice Lindsay Foster…

Donald Trump’s Tax Returns May Be Hiding This Bombshell from the 1990s – Fortune

Its plausible to believe that, deep inside Donald Trumps many years of tax returns, which he has declined to make public, a surprise lurks. Heck, we already know him to be a serial exaggerator, at minimum, a person who has testified that his feelings influence his calculation of his net worth. More than one commentator…

Has Donald Trump ever filed for bankruptcy? Here are the facts. – Mic

Donald Trump h but his companies have. While the distinction is important, the fact that Trump’s companies have declared bankruptcy six times raises doubts about Trump’s business success. And it has hurt him financially.  When the Trump Taj Mahal filed for bankruptcy in 1991 a year after it opened Trump had to sell off his yacht and…

Workhorse: Strong Sell On Insolvency, Failed USPS Bid, Unviable Products, New Price Target Lowered To $0.00 For … – Seeking Alpha

I believe Workhorse (NASDAQ:WKHS) is now teetering on the edge of insolvency after indisputably failing its unviable USPS bid attempt. Since my initial report, WKHS fundamentals have deteriorated faster and to a greater degree than even I expected, causing WKHS to lose nearly half of its value. Recently however, investors have become confused again about…

Mark Bryers’ ex-associate goes bankrupt owing $13m – New Zealand Herald

Former Blue Chip boss Mark Bryers. Photo / NZME The director of a group of companies that former Blue Chip boss Mark Bryers helped run in Australia has been declared bankrupt owing A$12.8 million ($13.2m). Stephen Peter Lacy filed a debtor’s petition earlier this month with the Australian Financial Security Authority. Four banks were the…

Town puts on a hard act to follow – Otago Daily Times

[embedded content] How do we top this? That was the question Alexandra Blossom Festival organisers were pondering after a massively successful 60th birthday celebration over the weekend. Fine weather, a bumper crowd, great atmosphere and masses of activities combined to make a memorable occasion, organisers and patrons said. “What on earth do we do next…

Russell Smith: Tasmanian company goes bust, workers out of pocket, union claims – ABC Online

Related Story: Hundreds of jobs axed as electrical firm folds A Tasmanian communications and electrical company has racked-up more than a million dollars in debt and owes workers hundreds of thousands of dollars in entitlements after forming two years ago, according to the union representing its workers. Russell Smith, which describes…