Insolvency Guardian Media Centre
(PDF) Corporate bankruptcy and insolvency prediction model ResearchGate
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Major League Baseball star Shohei Ohtani’s former interpreter has been sentenced to 57 months in prison after stealing nearly $17 million to repay gambling debts.
John W. Holcomb, the U.S. District Judge who oversaw the trial, sentenced Ohtani to just shy of five years in prison, followed by three years of supervised release. The disgraced interpreter was also ordered to pay nearly $17 million in compensation to the Los Angeles Dodger pitcher and $1.1 million to the Internal Revenue Service (IRS).
Following an initial ESPN investigation in March 2024, Mizuhara was removed from his role as translator/interpreter with the team. The investigation uncovered that he had sent millions in wire transfers from Ohtani’s account to an illegal…
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Australia’s largest glass maker, Oceania Glass, has collapsed following mounting losses and a failed bid to compete with cheap imports from China. Grant Thornton has been appointed as administrator of the company.
A 169-year-old glass manufacturer, Oceania Glass plays a key role in Australia’s glass supply industry. The company specialises in float glass, coated glass and laminated glass, providing its products to builders, architecture groups and clients across Australia.
After warning of the impact of cheap imports and its inability to be price-competitive with a homegrown business model, Oceania Glass has now been forced to enter voluntary administration, with a view to selling to a…
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New Delhi: Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, is trying to negotiate a settlement with its creditor IDBI Trusteeship Services in parallel to the ongoing proceeding before insolvency appellate tribunal NCLAT. On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT over the plea of DBI Trusteeship Services Ltd (IDBITSL). However, this was challenged by IDBITSL before the Supreme Court, which had on January 31, 2025, directed the Chennai bench of NCLAT to dispose of the pending appeal before February 21, 2025.
The apex court had also directed that if the appeal filed by CDEL is not disposed of by NCLAT, then the order…
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Insolvency-related activity decreases across Portsmouth and the South East Portsmouth News
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New Delhi, Feb 10 (PTI) Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, is trying to negotiate a settlement with its creditor IDBI Trusteeship Services in parallel to the ongoing proceeding before insolvency appellate tribunal NCLAT.
On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT over the plea of DBI Trusteeship Services Ltd (IDBITSL).
However, this was challenged by IDBITSL before the Supreme Court, which had on January 31, 2025, directed the Chennai bench of NCLAT to dispose of the pending appeal before…
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Haydale places “loss-making” US arm into corporate insolvency process Insider Media
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Brazil’s Ministry of Agrarian Development plans to launch a new debt relief program this February to help small farmers and agrarian reform settlers regain financial stability. The initiative, which aims to restructure or write off outstanding debts, will cover more than 943,000 producers whose combined liabilities exceed R$19.5 billion.
The program will target debts that have been overdue for more than a year, including those registered in the federal government’s debt portfolio as delinquent debt and losses recorded in constitutional financing funds, the National Program for Strengthening Family Agriculture (PRONAF), land credit programs, and settlement installation credit.
“The initiative, called “Desenrola…
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Insolvency-related activity decreases across Buckinghamshire Bucks Herald