Insolvency Guardian Media Centre
Rob Marshall felt a shimmy in his Cadillac as he and his wife, Maria, tooled north on the Garden State Parkway, returning one night from a jaunt to Harrahs in Atlantic City.
Ten miles short of their Toms River home, Marshall slid the Caddy into the Oyster Creek picnic area, a wooded bulge between the north- and southbound lanes near the Barnegat tolls.
It was 12:30 a.m. on Sept. 7, 1984.
The Marshalls three sons were back at school that week the youngest in junior high, the two oldest in college. As they periodically did, the blackjack junkies finished their parenting that evening, then dressed for dinner and dashed 40 miles down the parkway to Harrahs for an 8:30 reservation.
Read the full article at: http://www.nydailynews.com/news/crime/perfect-marriage-masked-husband-plot-wife-murdered-article-1.3482888
Facing devastation difficult to overstate, Hurricane Irma-battered Barbuda lost more than 90 percent of its structures in a record-breaking storm that will require an estimated $150 million in reconstruction and recovery.
It also has to repay a $3 million debt to the International Monetary Fund, whose special representative to the United Nations Christopher Lane resisted the idea of a moratorium on Friday.
Our general view is that wed rather put new money in than to have moratoria, Lane said. We borrow money from our members who lend. So wed have to get agreement from the lending parties.
A single sovereign state formed by two separate Caribbean islands, Antigua and Barbuda emerged from Irmas wrath with dramatically d…
Read the full article at: https://www.mintpressnews.com/imf-refuses-debt-relief-hurricane-devastated-barbuda/231775/
The central government is likely to step in to protect the interest of homebuyers whose investments face uncertainty when bankruptcy proceedings are filed against builders.
The government is considering two options. First, amend the bankruptcy law so that homebuyers do not lose out to banks and financial institutions when a defaulting builders properties are liquidated and debts settled. Second, change the laws operational rules to make homebuyers trustees so that their investments are mandatorily protected.
More than 31,000 homebuyers have been affected by insolvency proceedings against some projects of Jaypee Infratech and Amrapali. Their vulnerability stems from the fact that they figure very low in the creditors order for payment of du…
Read the full article at: http://www.hindustantimes.com/india-news/in-relief-to-homebuyers-govt-likely-to-tweak-bankruptcy-code/story-cmJeeoEDpuqQK4VdfqCXMM.html
NEW DELHI: Union Consumer Affairs Minister Ram Vilas Paswan on Saturday said a committee has been set up to look into the complaints filed by aggrieved home buyers against Jaypee Infratech.
“The Consumer Affairs Secretary-headed committee will study the matter and submit a report in three days. We want to protect the home buyers,” Paswan told reporters here.
“There are orders from the Supreme Court in this case. The committee will see if we have any jurisdiction in the matter,” the Minister said.
After the home buyers in Jaypee Infratech’s township project ‘Wish Town’ in Noida filed complaints, police had in April this year lodged a case of cheating, financial fraud and criminal conspiracy against the directors of the firm.
Paswan sai…
Read the full article at: http://realty.economictimes.indiatimes.com/news/residential/panel-to-look-into-complaints-against-jaypee-infratech-ram-vilas-paswan/60446050
Facing devastation difficult to overstate, Hurricane Irma-battered Barbuda lost more than 90 percent of its structures in a record-breaking storm that will require an estimated $150 million in reconstruction and recovery.
It also has to repay a $3 million debt to the International Monetary Fund, whose special representative to the United Nations Christopher Lane resisted the idea of a moratorium on Friday.
Our general view is that wed rather put new money in than to have moratoria, Lane said. We borrow money from our members who lend. So wed have to get agreement from the lending parties.
A single sovereign state formed by two separate Caribbean islands, Antigua and Barbuda emerged from Irmas wrath with dramatically d…
Read the full article at: http://www.mintpressnews.com/imf-refuses-debt-relief-hurricane-devastated-barbuda/231775/
The government which is planning to sell a stake in its state-run carrier Air India, is considering options such as keeping out at least a part of its $8 billion of debt to help lure investors, the nation’s civil aviation minister said.
Air India’s assets such as real estate could also be spun off into a separate company, Ashok Gajapathi Raju said in an interview in New Delhi on Friday.
A call will be taken by a group of ministers headed by finance minister Arun Jaitley, and the government is open to all options, including allowing foreign investment in the carrier, he said.
“Its books are bad, you can’t leave it like that,” Raju said in his office.
“Suppose a portion of its debt is removed, non-aviation-related a…
Read the full article at: http://timesofindia.indiatimes.com/business/india-business/government-may-exclude-part-of-air-indias-debt-before-selloff/articleshow/60432773.cms
Across the country, medical examiners offices are facing a shortage of forensic pathologists. These are the people performing autopsies to determine the cause of a death. And there arent enough of them, at a time when caseloads are rising, in part due to the opioid epidemic.
The Maricopa County Office of the Medical Examiner came up with one solution to this shortage one they believe has not been tried before anywhere else. Theyre going to help medical examiners pay off their student loans. The average forensic pathologist graduates with close to $200,000 in loan debt.
Dr. Jeff Johnston is the countys chief medical examiner, and he joins us now, welcome to the program.
Read the full article at: https://kjzz.org/content/533280/maricopa-county-help-pay-student-loan-debt-new-medical-examiners
New Delhi, Sep 9 (IANS) Union Consumer Affairs Minister Ram Vilas Paswan on Saturday said a committee has been set up to look into the complaints filed by aggrieved home buyers against Jaypee Infratech.
The Consumer Affairs Secretary-headed committee will study the matter and submit a report in three days. We want to protect the home buyers, Paswan told reporters here.
There are orders from the Supreme Court in this case. The committee will see if we have any jurisdiction in the matter, the Minister said.
After the home buyers in Jaypee Infratechs township project Wish Town in Noida filed complaints, police had in April this year lodged a case of cheating, financial fraud and criminal conspiracy against the directors of the …
Read the full article at: http://www.india.com/news/agencies/panel-to-look-into-complaints-against-jaypee-infratech-paswan-2460679/
Insolvency and Bankruptcy Board to formulate dedicated framework for SMEs soon
New Delhi, Sept 9 (KNN) Eyeing at addressing the concerns of the Micro, Small and Medium Enterprises (MSMEs) in the country under the Insolvency and Bankruptcy Code (IBC), the IBC Board of India is in the process of formulating a dedicated insolvency framework for the SMEs in the country.
M.S Sahoo, Chairman of the IBBI informed about the latest development during a press interaction.
Sahoo informed that at present the IBC framework primarily focusses on corporate insolvency and there is a need to extend or to come up with alternative framework…
Read the full article at: http://knnindia.co.in/news/newsdetails/economy/insolvency-and-bankruptcy-board-to-formulate-dedicated-framework-for-smes-soon
NEW DELHI: Around 2,300 home buyers of Jaypee Infratechs Wish Town project in Noida moved the Supreme Court on Friday, requesting it to ensure the builder deposited the money needed to complete the project with the court or in an escrow account before lifting a stay on insolvency proceedings at the company. They also want the company to pay them compensation for the delay caused so far with an 18% interest.
The plea, filed by a group of nine home buyers associations, comes after IDBI Bank moved the apex court on Thursday for lifting the stay.
The home buyers want the interest of flat buyers to be protected by the court. According to their application, filed through law firm Trilegal, the insolvency code does not provide for a suitabl…
Read the full article at: http://economictimes.indiatimes.com/wealth/personal-finance-news/now-jaypee-wish-town-home-buyers-move-sc-demand-builder-to-deposit-construction-compensation-money/articleshow/60435357.cms
State Bank chairman Arundhati Bhattacharya today urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner.
She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on their balance sheets.
“One of the major problems facing SMEs in our country is lack of equity. Equity capital is a much-neglected area in the SME sector,” Bhattacharya told an SME summit and asked them to learn from technology players which have sourced large amount of equity to ramp up their business and market share.
Quoting the examples of e-commerce companions like the Flipkart and Amazon, she said these firms have done…
Read the full article at: http://retail.economictimes.indiatimes.com/news/industry/arundhati-bhattacharya-advices-smes-to-go-in-for-equity-capital-not-debt/60434105
Welcome to Barf Bag, a daily politics roundup to help you sort through the chaotic Trumpian news cycle.
Its been eight sordid months and I still wince when I hear the words President Trump.
Heres all the shit we couldnt cover today:
- In the wake of Hurricanes Harvey and Irma, the House has a passed a measure expanding emergency disaster relief and increasing the short-term debt limit by 316-90. All of the no votes, of course, came from Republicans. The Senate passed the measure on Thursday and Trump has voiced support for it, so it looks like Congress will avoid what could have been a government shutdown over the issue in October. But fret not, things will probably get nasty in the next round of budget negotiations in December. [The New Yor…
Read the full article at: http://theslot.jezebel.com/house-passes-15-billion-in-disaster-relief-raises-deb-1802767262