Feds want trustee to manage bankrupt Oregon mega-dairy – Miami Herald

The U.S. Department of Justice has asked a judge to appoint a federal trustee to take over an embattled Oregon mega-dairy, citing the owner’s drug use, gambling, out-of-control spending and pending criminal charges. Lost Valley Farm, located near Boardman, supplies milk to the Tillamook County Creamery Association, which produces Tillamook Cheese, the Statesman Journ… Read…

Bhushan Power & Steel insolvency: NCLAT allows lenders to meet and finalise bid for the debt-ridden company – Firstpost

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday gave a go-ahead to the lenders’ meeting of debt-ridden Bhushan Power & Steel (BPSL), directing it to finalise a bid for the company. Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution…

Videocon Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution … – Hindu Business Line (satire) (press release) (blog)

We refer to the intimation made to the Stock Exchanges on 11th June, 2018 regarding commencement of Corporate Insolvency Resolution Process (CIRP) and appointment of Interim Resolution Professional (IRP) and would further like to inform you that the First meeting of the Committee of Creditors (CoC) was conducted on 6th July, 2018 to provide business…

Personal insolvency rate in Chichester has significantly increased since 2015, figures show – Chichester Observer

The rate of personal insolvencies in Chichester has significantly increased over the last two years, official data has revealed. In 2015, 16.9 adults per 10,000 were declared insolvent in Chichester, according to Insolvency Service figures. However by 2017 that figure had risen to 19.5, an increase of 15.3 per cent. Insolvency is when someone cannot…