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…

‘Domino effect’ of insolvency strikes one in five North East companies, figures reveal – ChronicleLive

More than a fifth of North firms have taken a financial hit after a customers firm collapsed, research has shown. New findings from insolvency and restructuring trade body R3 found that 23% of regional businesses have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the preceding six…

Personal insolvency rate in Lewes has increased by almost 40 per cent since 2015, figures show – Sussex Express

The rate of personal insolvencies in Lewes has increased by almost 40 per cent over the last two years, official data has revealed. In 2015, 13.5 adults per 10,000 were declared insolvent in Lewes, according to Insolvency Service figures. However by 2017 that figure had risen to 18.8, an increase of 39.8 per cent. Insolvency…

Hastings has one of the highest insolvency rates in England and Wales, figures show – Hastings and St. Leonards Observer

Hastings has one of the highest rates of personal insolvencies in England and Wales, official figures show. The Insolvency Service found that 34 per 10,000 adults in the local authority were declared insolvent in 2017. This is when someone cannot pay their debts, and has to arrange a plan with an official body to pay…

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…