SALEM, Ore. 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 owners 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…
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…
Popular on social media For four years, it has been hunting season in Ukraine. The hunter is the National Bank of Ukraine. And the countrys failing, undercapitalized, and often corrupt banks are the big game. Ukraine agreed to clean up its corrupt banking sector in 2014 as one of the conditions for International Monetary Fund…
Martin Baker was the sole director of C.J.M Tiling Limited (CJMT), which was incorporated in 2007 and traded as a construction company in Cradley Heath, West Midlands. On 3 December 2015 and 4 March 2016, HMRC made unannounced visits to CJMT and identified the construction company had under-declared its VAT liabilities by failing to disclose…
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…
Insolvency proceedings have been launched on the funds that own a pair of modern German supramax bulkers. The KG (limited partnership) owners of the 57,000-dwt Achat and Almandin (both built 2010) have thrown in the towel after failing to recover from the bankruptcy of a South Korean counterpart. The two supramax bulkers are destined to…
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…
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…
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 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…