Salt & Lime directors, wives ‘paid $1m-plus’ before collapse – The Australian
Salt & Lime directors, wives ‘paid $1m-plus’ before collapse The Australian Read the original article here
CCA files in US for bankruptcy
By NEIL HARTNELL Tribune Business Editor [email protected] TWO Nassau resorts, and their Bahamian holding entities, are not caught by yesterday’s “last resort” bid from Baha Mar’s contractor to protect its US arm from Sarkis Izmirlian’s “crippling” $1.6bn damages win. CCA Construction Inc, the contractor’s New Jersey-based entity, confirmed it had sought Chapter 11 bankruptcy protection…
Germany's Borgward brand declared bankrupt in China – Automotive News
Germany’s Borgward brand declared bankrupt in China Automotive News Read the original article here
Buyer found for bankrupt retailer Blokker, but uncertainty remains for 3,500 workers
Buyer found for bankrupt retailer Blokker, but uncertainty remains for 3,500 workers | NL Times Skip to main content Read the original article here
230 Companies at Risk of Insolvency This Year, FSS Credit Risk Assessment Reveals – BusinessKorea
230 Companies at Risk of Insolvency This Year, FSS Credit Risk Assessment Reveals BusinessKorea Read the original article here
A&O Shearman counsels Peruvian mining company Volcan on USD765 million debt refinancing
A&O Shearman advised Peruvian mining company Volcan Compañía Minera S.A.A. and its subsidiaries in connection with a comprehensive refinancing plan to improve the company’s liquidity position and capital structure. The transactions involved approximately USD765m in debt and included an exchange offer and consent solicitation of its USD365m 4.375% Senior Notes due 2026 for the newly issued…
NCLAT rejects plea to limit Spaze Towers insolvency to a single project
The National Company Law Appellate Tribunal (NCLAT) on 17th December rejected a plea by the former promoters of real estate developer Spaze Towers, seeking to confine the Corporate Insolvency Resolution Process (CIRP) to a single project, Spaze Arrow. The appellate tribunal upheld the decision of the National Company Law Tribunal (NCLT), which had initiated insolvency…
Lucas Neill declared bankrupt in UK, trustees appointed
Administrators have been appointed after former Socceroos captain Lucas Neill was declared bankrupt in the UK. Neill, who is believed to have earned about $40 million playing in England for 15 years, was declared bankrupt in January. London-based Insolvency experts Begbies Traynor were appointed trustees to the bankruptcy last week. “Mr Neill is due to…
What Happens to a Company’s Stock When It Goes Bankrupt?
When a publicly listed company ceases operations and goes into liquidation, the company’s shareholders may be entitled to a portion of the assets, depending on the type of shares they hold. However, the stock itself is usually worthless. The owners of common stock shares are last in line for a share of the firm’s liquidated assets, so…
Armenian deputy Tigran Stepanyan declared bankrupt based upon plea of VTB Bank (Armenia)
NEWS » Business » Armenian deputy Tigran Stepanyan declared bankrupt based upon plea of VTB Bank (Armenia) In compliance with the order by Armenia’s Court of Cassation from May 29, 2013, Tigran Stepanyan, the deputy of Armenian Parliament from Prosperous Armenia party, is declared bankrupt, VTB Bank (Armenia) reported Thursday. YEREVAN, July 11./ARKA/. In compliance…