Insolvency Guardian Media Centre
The Australian Tax Office is lodging further legal action against the directors of debt-ridden Picton Press, taking them back to court, and this time has named the companys administrators in its lawsuit, as it seeks to overturn the Dec 18 court ruling, which dismissed its winding up order.
In a separate development long-time well respected operations manager Murray Scott has joined the exodus out of the company, with two pre-press operators also just leaving.
The ATO which is owed $1.3m by Picton lodged an application to the Federal Court on Dec 21, three days after the ruling that dismissed its original winding up order.
For the first time the ATO named administrators Jeremy Nipps and Clifford Rocke from Cor Cordis in…
Read the full article at: https://print21.com.au/ato-now-taking-picton-and-administrators-to-court/166654
FILE – In this June, 15, 2015, file photo, Michael McStay, brother of the victims, and Susan Blake, their mother, arrive at court for the preliminary hearing for accused killer Chase Merritt in San Bernardino, Calif. Opening statements are expected Monday, Jan. 7, 2018, in the trial of Merritt for the murders of Joseph McStay, McStays wife Summer and their 3- and 4-year-old sons. The family disappeared from their San Diego County home in 2010. Three years later, their bodies were found in a remote desert location. (John Gibbins/The San Diego Union-Tribune via AP, Pool)
SAN BERNARDINO, Calif. (AP) Greed, debt and a gambling problem drove a Southern California man to kill his business partners family with a sledgehammer and…
Read the full article at: http://www.timesrepublican.com/wire/?category=5181&ID=84955
Hello, Dear Reader Welcome to the L.A. Daily News 2019 Crystal Ball .
True, theres no ball here (and absolutely no crystal); just words on a page. But work with us here. Were coming from a good place 2018 where some shoe-leather reporting and getting to know the Valley has given us a decent idea of what you should be watching for in 2019.
We cant predict everything, but we can offer some educated suggestions for what will be on the news radar in the coming year.
The bottom line is theres much in store for the Valley and its surrounding neighborhoods, from the ripple effects of decisions made at L.A. City Hall over homelessness, affordable housing and immigration, to environmental cleanups of bygone aerospace sites, to transit project…
Read the full article at: https://www.dailynews.com/2018/12/28/heres-whats-in-store-for-the-san-fernando-valley-in-2019/
Just when you thought Sears Holdings Corp. was on its way out, the bankrupt department store retailer could be saved once again by a $120 million infusion from its Chairman Eddie Lampert.
Sears shares jumped 33% in afternoon trading Tuesday, after the potential Lampert rescue was revealed, reversing a loss of as much as 50% earlier in the session. The companys sto…
Read the full article at: https://www.marketwatch.com/story/these-are-the-pieces-of-the-sears-that-still-have-value-in-a-liquidation-2019-01-08
Many households will have started the new year with a nasty financial hangover thanks to the holiday spending season.
That follows a record-breakingDecember where Australians racked upa record $30 billion in credit card debt alone.
If youre one of these people, what should you do to avoid carrying and accumulating even more of it?
Dominique Grubisa, a lawyer and CEO of DG Institue, shared her top tips for getting out of debt efficiently and effectively.
1. Re-finance
If you have equity in a property, one easy solutionis to re-finance your credit card or personal loan debt into your mortgage so that youre paying a lower interest rate.
Obviously, youre better off paying three or four per centth…
Read the full article at: https://www.yourmoney.com.au/wealth/personal-finance/5-steps-to-get-out-of-a-debt-headache/
When the High Court approved a 12m write-off of debt owed by Pia Bang Stokes and her husband, Jeffrey Stokes – formerly of Unicorn …
Read the full article at: https://www.independent.ie/business/irish/high-profile-or-not-personal-insolvency-works-for-debtors-35521090.html
The Supreme Court on Tuesday asked the Centre to detail the composition of the Insolvency Law Committee set up to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code (IBC). It also asked the government to tell which cases were under active consideration of the panel. It has also asked the government to explain whether the committee is permanent in nature, or formed according to the needs.
On November 21, 2017, the government had set up a 14-member panel to identify and suggest ways to address issues faced in the implementation of the law. The committee, chaired by Corporate Affairs Secretary Injeti Srinivas has Insolvency and B…
Read the full article at: https://www.business-standard.com/article/companies/give-details-of-insolvency-law-committee-supreme-court-tells-centre-119010801375_1.html
Scott+Scott Attorneys at Law LLP (Scott+Scott), a national shareholder and consumer rights litigation firm, is notifying investors that a class action lawsuit has been filed against Yangtze River Port and Logistics Limited (Yangtze or the Company) (NASDAQ: YRIV) and other defendants, related to alleged violations of federal securities laws. If you purchased Yangtze securities between February 2, 2016 through December 5, 2018, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.
Yangtze operates through its wholly-owned subsidiary, Wuhan Yangtze River Newport Logistics Co., Ltd. (Wuhan Newport) incorporated in the Peoples Republic of China (PRC) which is a logistics and port management company that…
Read the full article at: https://www.globalbankingandfinance.com/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-yangtze-river-port-and-logistics-limited/
Just when you thought Sears Holdings Corp. was on its way out, the bankrupt department store retailer could be saved once again by a $120 million infusion from its Chairman Eddie Lampert.
Sears shares jumped 33% in afternoon trading Tuesday, after the potential Lampert rescue was revealed, reversing a loss of as much as 50% earlier in the session. The companys sto…
Read the full article at: https://www.marketwatch.com/story/these-are-the-pieces-of-the-sears-that-still-have-value-in-a-liquidation-2019-01-08?mod=newsviewer_click
The TUC has today announced that household debt in the UK has increased by nearly 1,000 per household to 15,385, in the past year.
The figure which includes, bank overdrafts, personal loans, store cards, payday loans, outstanding credit card debt and student loans but excludes mortgages, totals 428bn nationwide.
With that, wellbeing expert and CEO of Health Assured, David Price offers some advice to employers, on what they can do when a member of staff might be in debt.
It is not uncommon for bank accounts to feel the squeeze after the Christmas period. Experiencing money problems can seriously impact an individuals mental health and overall productivity at work so employers who take measures to help employees when they are struggling m…
Read the full article at: https://londonlovesbusiness.com/how-to-help-employees-with-debt/
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Yangtze River Port and Logistics Limited. (Yangtze River or the Company) (NASDAQ: YRIV) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Companys shares between February 2, 2016 and December 5, 2018, inclusive (the Class Period), are encouraged to contact the firm before March 04, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 40…
News that the Italian government signed a decree on Monday January 7 to permit both state-backed guarantees for any new bond issues by struggling Genoan lender Banca Carige and, if needed, a precautionary recapitalization by the state will be of little surprise to seasoned observers of European banking.
Italy has provided a masterclass in the gaming of the European bank resolution regulations (BRRD) and, following the highly controversial insolvency of the Veneto banks, Popolare di Vicenza and Veneto Banca, in 2017, it was only a matter of time before the state would again be called upon to prop up another debt-laden Italian bank.
The ECB instituted an extraordinary administration at Carige, replacing the board with its own te…
Read the full article at: https://www.euromoney.com/article/b1clwst4w47v5t/how-many-times-can-banca-carige-delay-the-inevitable