Category Archives: Bankruptcy

Scott+Scott Attorneys at Law LLP Reminds Investors of Securities Class Action Against Yangtze River Port and Logistics Limited – PRNewswire

NEW YORK, Feb. 5, 2019 /PRNewswire/ —Scott+Scott Attorneys at Law LLP(“Scott+Scott”), a national shareholder and consumer rights litigation firm, reminds investors that a class action lawsuit has been filed against Yangtze River Port and Logistics Limited (“Yangtze” or the “Company”) (NASDAQ: YRIV) and other defendants, related to alleged violations of federal securities laws. If you…

Radheshyam Biswas urges Centre to revive defunct paper mills – Barak Bulletin

Karimganj MP Radheshyam Biswas has urged the Centre to consider the matter of the two defunct paper mills of the Hindustan Paper Corporation in Assam with immediate priority and take prompt steps to reopen the units at the earliest. The mills Cachar Paper Mill and Nagaon Paper Mill have been lying defunct since 2015 and…

Hr 2.3 billion smuggled out of bank prior to bankruptcy – Kyiv Post

Popular on social media Billions of dollars have been stolen from Ukrainians through various abuses of the banking system over the past decade, and many of the crooks remain unpunished, according to a Feb. 4 press release by the Deposit Guarantee Fund of Ukraine. Citing one example, the fund, the state body responsible for overseeing…

Germania Halts Operations and Files for Insolvency | Air Transport News – Aviation International News

The German civil aviation authority Luftfahrt-Bundesamt today revoked the operating license of Germania Fluggesellschaft after the company filed for insolvency and ceased flight operations in the night between February 4 and February 5. The Berlin-based leisure carrier blamed unforeseeable events such as the increases in fuel prices last summer and the simultaneous weakening of the…

The truth about insolvency and your financial future – The Independent

The average household debt is creeping towards 59,000. Per adult, the typical amount we owe is increasing by almost 900 a year. And when the credit runs out or the repayments fail, the house of cards can quickly come crashing down. … Read the full article at: https://www.independent.co.uk/money/spend-save/insolvency-guide-facts-risks-personal-finances-credit-debt-mortgage-a8757716.html

Payment Protection Insurance (PPI) claims and the Official Receiver – GOV.UK

The Financial Conduct Authority (FCA) introduced a deadline of 29 August 2019 for making PPI claims. The Official Receiver is seeking to claim outstanding PPI awards available in bankruptcy estates to ensure creditors receive assets owed. Information for creditors If you are a creditor in a bankrupts estate, the Official Receiver will contact you if…

Financial Services bosses banned for trading while insolvent – GOV.UK

Paul Rossi (53), also known as Paolo Rossi, and his wife, Claire Michelle Rossi (49), were directors of Independent Derivative Traders Ltd. The company traded as Futex and provided access to a financial markets trading platform for sub-contracted independent traders. The married couple were joined in the management of the company by Pauls brother Mark…

German airline Germania files for insolvency – Euronews English

German airline Germania said on Tuesday it had filed for insolvency and would terminate flight operations immediately, citing rising fuel prices and a stronger dollar. There were also delays integrating aircraft into the fleet and a high number of “maintenance events”, the company said in a statement. (https://bit.ly/2MNKtkQ) CEO Karsten Balke said it was unable…

Transport insolvency prompts liquidator warning – Australasian Transport News

Date: 05.02.2019 Lessons to be learned from case of decades-old business The TFT fleet up for auction It was a business that serviced much of Queensland for the best part of three decades but now Tim Fisher Transport (TFT)…

Tomorrowland stage designer declares bankruptcy – DJ Mag

One of Tomorrowlands key stage design associates, Neverland Themepark Projects, has declared bankruptcy. The company, which was founded in 1997, had been working with Tomorrowland since the EDM event was launched in 2005. Last week, however, it was reported that the company would no longer be providing its services to the festival or any other…