The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly.
The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly.
According to the Office of the Superintendent of Bankruptcy, 14,700 Albertans declared personal insolvency last year, a nearly 10 per cent increase from the year before and the second highest increase among Canadian provinces after Newfoundland and Labrador.
The uptick can be attributed to the provinces unemployment rate, which remains elevated compared with pre-recession levels, as well as rising interest rates, said David Lewis, an Alberta-based…
Read the full article at: https://calgarysun.com/business/local-business/consumer-bankruptcies-on-the-rise-in-alberta-while-oil-and-gas-bankruptcies-decline/wcm/3c4afbd1-3f8d-4576-aff1-b5bd96102b67
It is estimated that for every 100 people who gamble as entertainment or as a business, there will be three to five out of the hundred that will have a problem with gambling. In the United States, there will be 750,000 teenagers between the ages of 14 and 21. While some problem gamblers are able to seek treatment on their own, other gamblers turn to crime or fraud to work on their gambling debts. Gamblers who commit crimes may be thrown in jail, when in reality; they need treatment for their addiction instead. That is the purpose of Nevadas Gambling Treatment Diversion Court, which hopes to teach problem gamblers to pay their debt to society and learn to stay away from gambling as well.
Gambling in Nevada
In Las Vegas alone, there are 36 m…
Read the full article at: https://www.usaonlinecasino.com/casino-news/nevada-launches-first-gambling-treatment-diversion-court/
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the first filed case commenced by the Rosen Law Firm. The lawsuit seeks to recover damages for Yangtze River investors under the federal securities laws.
To join the Yangtze River class action, go to https://www.rosenlegal.com/cases-1476.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
NO…
Read the full article at: http://www.globenewswire.com/news-release/2019/02/12/1724199/0/en/YRIV-MARCH-4th-DEADLINE-ALERT-Rosen-Law-Reminds-Investors-of-Important-Deadline-In-Securities-Class-Action-Lawsuit-YRIV.html
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time.
Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA).
He rejected arguments by a fund the Acts require that a debtor seeking court approval for a PIA must make, and serve, the proceedings within 14 days of a creditors meeting which had…
Read the full article at: https://www.irishtimes.com/news/crime-and-law/courts/high-court/high-court-ruling-on-insovency-good-news-for-debtors-1.3791051
Thyssenkrupp shares fell to a three-year low on Tuesday after the company warned that economic and political uncertainties were growing as it unveiled disappointing results.
The German industrial group, which produces a range of products from steel to elevators, reported a sharp 37 per cent drop in operating earnings in the last three months of 2018 the first quarter of the companys financial year.
This sparked investor concern as the group took a hit from higher start-up costs for projects, higher material costs in China and tariffs on imports to the US.
Guido Kerkhoff, who became chief executive in July, insisted that fundamental growth drivers are intact and confirmed that the group was still aiming to achieve adjusted operating e…
Read the full article at: https://www.ft.com/content/c7861dbc-2e91-11e9-8744-e7016697f225
IVAs (Individual Voluntary Arrangements) help you to deal with your debts. Before taking any decision about this arrangement, you have to understand this procedure and its effects.
An IVA acts as an agreement between a debtor and his/her creditors to pay debts (total debts or parts of obligations). You have to make regular payments to an authorized specialist known as an IP (insolvency practitioner). They can work on your behalf to distribute available money between your creditors mentioned in IVA.
For IVA, the unsecured debts should be almost 15,000. This range may depend on individual creditors. The repayments are free from a minimum or maximum level, except an acceptable range for your creditors. The IVA will end after repaying an ag…
Read the full article at: https://londonlovesbusiness.com/iva-help-and-advice-procedure-to-deal-with-your-debts/
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time.
Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA).
He rejected arguments by a fund the Acts require that a debtor seeking court approval for a PIA must make, and serve, the proceedings within 14 days of a creditors meeting which had…
Read the full article at: https://www.irishtimes.com/news/crime-and-law/courts/high-court/high-court-clarifies-time-frame-for-personal-insolvency-applications-1.3791051
The Committee through e-voting held on February 12, 2019 approved to issue fresh invitation for expression of interest from interested, prospective resolution applicants as per the provisions mentioned under The Insolvency and Bankruptcy Code, 2016.
The RP was authorised to keep the invitation open from February 13, 2019 to February 28, 2019
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/bs-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26249949.ece