Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
CHICAGO (AP) A 79-year-old used car dealer fatally shot a 40-year acquaintance during an argument over a gambling debt, Cook County prosecutors said Saturday.
The Chicago Tribune reports that James Kelley, 72, was killed by a gunshot wound to the back about 3:25 p.m. Wednesday at Dunmore’s Auto Sales in Chicago’s Grand Crossing neighborhood.
Willie Dunmore was charged with first-degree murder and held on a $200,000 bond. Prosecutors said at Dunmore’s bond hearing that he and Kelley had known each other for four decades and that Kelley repeatedly went to the auto dealer to collect on an old gambling debt.
A friend of Kelley’s drove him there again Wednesday and waited while Kelley went inside. The friend reported seeing Dunmore’s s…
Data centres have become one of the hottest property sectors in 2020
Australias Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europes fast-growing data centre sector.
However, that opportunity may have been hotter than the Brisbane-based fund manager realised, after an Australian media report published on Sunday revealed that one of the firms partners, Stratus Data Centres, is helmed by a CEO convicted decades ago of stealing from clients.
Public records since reviewed by Mingtiandi reveal that Clarkson, who was identified in a joint release by Cromwell together with Stratus and its …
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m.
Not including sole proprietorships, there were 53 bankruptcies in week 33. This is 12 up on the previous week. In addition, 8 sole proprietorships were declared bankrupt, 4 more than in the previous week.
Data centres have become one of the hottest property sectors in 2020
Australias Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europes fast-growing data centre sector.
However, that opportunity may have been hotter than the Brisbane-based fund manager realised, after an Australian media report published on Sunday revealed that one of the firms partners, Stratus Data Centres, is helmed by a CEO convicted decades ago of stealing from clients.
Public records since reviewed by Mingtiandi reveal that Clarkson, who was identified in a joint release by Cromwell together with Stratus and its …
Being declared bankrupt can seem a very daunting process, there is often a lot of uncertainty around how the system works and what you are and are not allowed to do, writes John Lynch of Lynch Solicitors.
But the process can be quite straight forward.
What does it mean?
Essentially, if you are not able to meet your debts when they fall due, you may apply for bankruptcy.
This means that all your liabilities and assets become the responsibility of the Bankruptcy Court via a court officer, known as the Assignee in Bankruptcy. The process is based on full disclosure and co-operation by you.
Can I continue to earn?
You can continue to work and earn during bankruptcy.
You are allowed to retain a sum of money which is termed a reasonable liv…
Orange people love their cars and new figures have revealed just how far the love affair extends. The number of registered vehicles in Orange has risen by 13.5 per cent in five years, according to the Australian Bureau of Statistics’ latest snapshot of Orange released this week. It shows we are buying far more light commercials with the numbers up 17 per cent in five years. There are now 9.6 per cent more passengers cars than there were in Orange five years earlier. Trucks and even motorbike numbers are also higher. The big winner has been diesel-fuelled vehicles. There has been an increase of 48.6 per cent from 2014 to 2019. But LPG cars are on the nose though having dropped by 27.8 per cent in the same time. The ABS Data by Region sta…
As a teenager in the late 1970s, Foster began promoting nightclubs and boxing matches on the Gold Coast. But he was declared bankrupt in the early 80s after trying to sell tickets for a Muhammad Ali fight in Australia that never came off. He was also fined $A100,000 in Britain for trying to claim insurance for a cancelled fight.
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Slimming Teas
Undeterred, Foster hooked up with a number of high-profile British girlfriends who he used to promote his “slimming” Bai Lin Tea. He fled Britain and fraudulently re-marketed the product as Chow Low Tea in the US where he was caught and forced to serve four months in jail. He was also jailed in the UK when he returned in 1995.
Valaris, the world’s largest offshore drilling contractor by fleet size, filed for bankruptcy on Wednesday, in a move to restructure its debt load and reduce debt by more than $6.5 billion.
The company has been hit by the combined effects of the global COVID-19 pandemic, a drop in oil prices, and a decline in the demand for its services and falling rig rates.
It said Wednesday it had entered into restructuring agreements with approximately 50% of its noteholders to undergo “a financial restructuring that is intended to reduce its debt load substantially, support continued operations during the current lower demand environment and provide a robust financial platform to take advantage of market recovery over the long term.”
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Many Tool fans are aware of the spoken word appearance by former Black Flag frontman Henry Rollins on the groups 1993 debut album Undertow, but some may not know that this moment was recorded on video. Producer Sylvia Massy recorded Rollins spoken word interlude from Bottom back in 1992, although the recording was not released publicly in 2016.
Thats actually a spoken word part I do there [in live performances of the song and Ive always done, Tool mastermind Maynard James Keenan reportedly stated in a 1993 interview. When we went into the studio, [Rollins] came down and he read that part, but he also wrote his own part to kind of paraphrase what Id said. His part s…
The global pandemic has signalled the end for another travel company, with STA Travel left unable to pay its bills.
The youth travel advisor has filed for insolvency, advising in a statement that an external administrator will be taking over in the next few days to determine the next steps.
While the parent company STA Travel Holding AG in Switzerland is affected, the company advised local day-to-day operations by STA Travel may continue around the world.
The global magnitude of the pandemic crisis has brought the travel industry to a standstill, including STA Travel, a student and youth travel company, the company said.
Over recent months, the company took decisive measures to secure the business beyond COVID-19.
