Read the full article at: http://www.digitaljournal.com/pr/4125008

CASPER, Wyo. (AP) – A Colorado-based coal company going through bankruptcy proceedings has asked for permission to sell its mine in southwestern Wyoming.

The Casper Star-Tribune reports a recent court filing shows Westmoreland Coal Co. requested to sell its Kemmerer mine by the end of February.

The company declared bankruptcy in October with more than $1.4 billion in debt amid declining demand for the fuel.

It has attempted to cut retiree benefits and end its contract with union miners.

The company argued that parties interested in buying the mine would not buy with the union contract in place.

…

Read the full article at: https://www.kgwn.tv/content/news/Bankrupt-coal-company-wants-to-sell-Wyoming-mine-504790352.html

Jilan Moore (68) was the director of Beijing Dragon Catering Limited, the company that acted as the trading vehicle for three licensed restaurants across Lincolnshire known as The Beijing Dragon.

Beijing Dragon Catering was incorporated in September 2007 and at the companys height, Jilan Moore ran three restaurants in Spilsby, Grimsby and Skegness with her husband.

From 2013, Jilan Moore ran the restaurants as the sole director before closing down one of the eateries in Skegness and by September 2016, the trading company went into liquidation.

The insolvency of Beijing Dragon Catering triggered an investigation by the Insolvency Service, when investigators discovered that the tax authorities had previously dealt with the company afte…

Read the full article at: https://www.gov.uk/government/news/jailed-restaurant-owner-served-with-directorship-ban

Spliethoff Group has confirmed its purchase of five multipurpose (MPP) heavylift vessels from the fleet of bankrupt operator Hansa Heavy Lift (HHL).

The Dutch MPP operator has acquired four 12,750-dwt F-type ships and one 20,100-dwt P-type for an undisclosed price.

It is buying the vessels a month after the German company was declared insolvent with a fleet of 11 heavylift MPP ships.

Spliethoff confirmed it is taking over the 12,750-dwt HHL Elbe (built 2008) and HHL Tyne (built 2009), which have a combined crane capacity of 300 metric tonnes.

It has also acquired the 12,750-dwt HHL Amur and HHL Mississippi (both built 2009), which have a slightly larger combined crane capacity of 360 tonnes.

The vessels have been renamed Hudsongracht, H…

Read the full article at: https://www.tradewindsnews.com/liner/1681740/spliethoff-snares-ships-from-troubled-hansa-heavy-lift

There were 209 corporate insolvencies recorded for the period 1 October to 31 December, eight more than the same quarter in 2017-18.

This number included 129 compulsory liquidations, 80 creditors voluntary liquidations and 122 members voluntary liquidations. No receiverships were recorded in the last quarter.

Overall, corporate insolvency numbers in Scotland for the whole of 2018 were 21% higher than in 2017, and were at their highest level since 2012.

Jim Cooper, chair of R3 in Scotland, the insolvency and restructuring trade body, said: Its not especially surprising to see corporate insolvencies in Scotland at a higher level in 2018 than in the previous year, as 2017 recorded the lowest number of annual corporate insolvencies for quite so…

Read the full article at: https://www.accountancydaily.co/corporate-insolvency-rates-edge-scotland

With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.

Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.

1. University of Pittsburgh

The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward.

The schools new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no ob…

Read the full article at: https://www.cbs19.tv/mobile/article/money/nerdwallet/3-colleges-that-help-you-handle-student-debt/606-a2f96d4d-4122-424c-be24-158d6f246d76

A seized $47 million stake in gold miner Tribune Resources is finally on the market, with investment bank Morgan Stanley mandated to offload the shares inside six months.

Interest in the stock, however, is uncertain given governance issues around Tribune and the companys liquidation of its large gold inventory last year to support a special dividend.

The Takeovers Panel ordered the forced divestment of most of the 26 per cent Tribune stake held by its sister company Rand Mining in late October.

The decision comes after investigations which found that investment entities associated with Tribune and Rands managing director, Anton Billis, had materially misinformed Tribune shareholders about his true ownership of the company.