Sept. 20, 2016 2:31 p.m. ET Primorsk International Shipping Ltd. won final bankruptcy-court approval of a liquidation plan that divvies up proceeds from the sale of its oil tanker fleet to Russias Sovcomflot. Primorsks chapter 11 case got off to a rough start after a fight with lenders but, during a hearing in Manhattan Tuesday, a lawyer…
By Eleanore D. Sanchez Owning your first home may be a dream come true, but it is a reality that you will miss repayments due to unavoidable circumstances, and may have to refinance to deal with the burden of debt. The Australian Securities and Investments Commission (ASIC) cites some circumstances to avoid so that you…
Debt consolidation is the process of refinancing multiple balances into a single loan. You can take out one loan for the total amount of your current debt, then repay your existing debts with the funds from the new loan. Finally, youre left with just the new loan to repay. A debt consolidation loan can help…
The extent to which BBY, the collapsed stockbroker, was run using the advice of a psychic is being slowing revealed as the liquidators continue their forensic investigation. Nervine Rottinger, who calls herself a professional intuitive and energy healer, knows a bit about chakras, the centres of spiritual power in the human body. She once helped…
Riyadh- Saudi companies whose losses exceed 50% of their capital now have seven months only before being completely liquefied. Administrations of these companies are taking serious steps to enhance their financial conditions. Asharq al-Awsat newspaper was informed that the majority of these companies will depend on decreasing or increasing their capital. These updates coincide…
Georgia Forrester/FAIRFAX NZ Sensible Sentencing Trust founder Garth McVicar, left, and the trust’s Manawatu spokesperson Scott Guthrie. The director of two failed Feilding courier firms, who has since moved on to become a vocal member of the Sensible Sentencing Trust, will not have to pay any money back to the companies, partly because he was bankrupted following…
Georgia Forrester/FAIRFAX NZ Sensible Sentencing Trust founder Garth McVicar, left, and the trust’s Manawatu spokesperson Scott Guthrie. The director of two failed Feilding courier firms, who has since moved on to become a vocal member of the Sensible Sentencing Trust, will not have to pay any money back to the companies, partly because he was bankrupted following…
A sincere implementation of laws including those dealing with insolvency and bankruptcy will ensure that there is no repetition of 2G and Satyam like scams in India, NCLT President Justice M M Kumar has said. There will be no repetition of Satyam or 2G… those types of things. Those things are unlikely to happen if…
Breakfast will be served and beds made as usual this weekend for residents booked into a Dublin city centre hotel that has gone bust but will continue to trade under the aegis of the insolvent companys landlord. Barrister Rossa Fanning gave Ms Justice Marie Baker in the High Court an undertaking that any pre-paid bookings…
The Singapore-based Rickmers Maritime has come to a sitatuation where The choice is between restructuring the securities in the company to less than half their current value or shutting down. So it has warned the investors that if its proposed debt restructuring plan is not approved by its noteholders, it could be headed for a…