One Nation’s Fraser Anning avoids bankruptcy, cleared to replace Malcolm Roberts – The Sydney Morning Herald

Bankruptcy

Malcolm Roberts’ hopes of replacing himself in the Senate appears doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. Play Video Don’t Play Bishop on North Korea negotiations Play Video Don’t…

Sinopacific Dayang Shipbuilding holds first creditors’ meeting – Seatrade Maritime News

Bankruptcy

Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors meeting on Saturday, more than two months after the yard went under receivership. The local media reported that more than 700 people attended the meeting, including creditors and their representatives, management and staff of the shipyard, the legal and audit…

Monarch Files for Insolvency in UK’s Biggest Airline Failure – Bloomberg

Bankruptcy

U.K. leisure carrier Monarch filed for insolvency in Britains biggest-ever airline collapse, leaving the government to arrange the return of 110,000 tourists and marking the third failure of a major European operator in five months. The airline and Monarch Travel Group were placed in administration, leading to the suspension of the Luton, England-based companys operating license,…

UPDATE 1-Creditors approached Puerto Rico with offers after Maria -official – Reuters

Bankruptcy

(Adds background, information from governors liaison Sobrino) By Stephanie Kelly NEW YORK, Oct 2 (Reuters) – Creditors approached Puerto Ricos government with offers surrounding the U.S. territorys bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. Any offer well review…

46 insolvency cases filed at Chennai bench of NCLT – The Hindu

Bankruptcy

Tamil Nadu Sanjay Vijayakumar CHENNAI, October 03, 2017 00:59 IST Updated: October 03, 2017 00:59 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device…

Joanna Clark: Expect more high street casualties as struggling retailers turn to insolvency – The Scotsman

Bankruptcy

Lately, it seems that a day doesnt go by without another gloomy forecast about the retail sector. At the moment, anticipated price hikes are making the headlines, with Brexit, higher inflation, an unstable pound and business rates all being cited as contributing factors. Consumer confidence is another regular theme. The Scottish Retail Consortium recently called…

Monarch Airlines collapses, leaving 110000 passengers without flights – MarketWatch

Bankruptcy

British budget carrier Monarch Airlines has declared bankruptcy and halted operations, leaving up to 110,000 passengers stranded abroad after all flights and vacations were canceled. What happened: The company entered administration on Monday, in what is being described as the U.K.s biggest-ever airline collapse, after struggling to keep going amid a p… Read the full…