The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly. The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly. According to the Office of the Superintendent of Bankruptcy, 14,700 Albertans…
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the first…
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA). He rejected arguments…
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA). He rejected arguments…
Alas, a promised means of escaping Glenn Beck and the gay frogs (according to Darryn) has met a timely and unsurprising demise. Mars One Ventures, the corporate arm of the project that set out to colonise the red planet, has revealed to have been declared bankrupt by a Swiss court. The listing was filed back…
10:59 12/02/2019 MOSCOW, February 12 (RAPSI) The Commercial Court of Orenburg Region has declared businessman Sergey Chernov residing in Moscow bankrupt for his 7.6-billion-ruble debt (about $115 million) to creditors, according to court records. Debt restructuring process has been initiated against him. Chernov has filed a claim for his own bankruptcy. As part of this…
Its no secret that to many California consumers, this winters Chapter 11 bankruptcy filing by Pacific Gas & Electric Co. looks as phony as a $3 bill. Thats because bankruptcy filings are intended to protect companies and individuals whose financial survival is threatened. There is no evidence this states biggest utility is in such deep…
As expected from a new set of laws for a complex subject, the Insolvency and Bankruptcy Code is evolving. And as is frequently also the case, the changes in a complex law can get confusing. ET gives a snapshot of where things stand now, and how that affects stakeholders. Legislation/SC Judgement:First IBC Amendment (Nov 2017)…
A man ordered to pay Sh18 million compensation to the family of a businessman he killed in road rage has lost bid to be declared bankrupt. Albert Mbogori, who served 14 months in jail for manslaughter, had pleaded with the court to declare him bankrupt because he didnt have cash to pay the award. He…
A personal insolvency arrangement (PIA) which involves writing down a 343,785 mortgage debt by more than half has been approved by the High Court for a woman who ran into mortgage arrears due to her husbands gambling problem. Permanent TSB objected to the arrangement, insisting the proposed write down of some 343,785 to 160,000, the…