Mining Weekly New Hope faces legal claims as it swings to a loss – Creamer Media’s Mining Weekly

PERTH (miningweekly.com) Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021. New Hope on Tuesday told shareholders that liquidators from its former subsidiaries Northern Energy Corporation (NEC)…

Pennsylvania’s Bedivere Insurance Company to Be Liquidated – Insurance Journal

Article 0 Comments The Pennsylvania Commonwealth Court has approved the liquidation of Bedivere Insurance Company, formerly One Beacon Insurance Company, recognizing that the companys financial liabilities have exceeded its assets. Bedivere, a domestic stock property/casualty company based in Pennsylvania, has consented to the liquidation process, in which policyholder claims will be paid through the state…

Sale of assets as a going concern under liquidation: The new mantra to preserve value of company – The Financial Express

The sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. By Nitin Jain The main objective of the Insolvency and Bankruptcy Code 2016 (IBC) is to maximize value for the creditors. Keeping in line with this objective, the regulator through an amendment…

Administrators pay majority of Greek community group AHEPA creditors – St George and Sutherland Shire Leader

news, local-news, bexley bowling club, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc, voluntary administration, cor cordis, administrators, creditors The Administrators of Greek community group, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc, have paid a dividend to the majority of creditors to the sum of over…