Insolvency Guardian Media Centre

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.
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ECJ rules on defining financial collateral arrangements – Shoosmiths legal updates (press release)
Published: 23 Feb 2017 Author: Liz Sweeney and Sam Jadhav Applies to: England and Wales Restriction on disposal remains key
When a company is a money pit – Cuffelinks (blog)
Assets collect risks around them in one form or another. Inventory is one risk, and accounts receivable is another risk.
PTT to sell businesses under revamp – The Nation
The proposal would be put to shareholder meetings in April, Tevin said yesterday.  PTT Plc also will change our business
Restructure writedown weighs heavy on Iluka results – The West Australian
Mineral sands miner Iluka Resources has slid to a full-year loss of $224 million on the back of hefty writedowns
New insolvency division established at Supreme Court – Jamaica Gleaner
An insolvency division has been added to the Supreme Court to deal with provisions of the Insolvency Act, Chief Justice
Bulgarian prosecutors charge 18 in Corpbank investigation – bne IntelliNews
The main investigation into Corporate Commercial Bank (Corpbank), which collapsed in 2014, has been completed, the specialised prosecutors office announced
Lay-offs, restructuring costs dip into Qantas profits – The West Australian
Qantas has delivered a big drop in first-half profit, hurt by staff lay-off and restructuring costs as well as fierce
Donation will help Weirton Christian Center build new facility debt-free – WTOV Steubenville
WEIRTON, W.Va.  The Weirton Christian Center is another step closer to making dreams a reality.On Wednesday, a sizable donation was
Bankruptcy Code: Huge pile-up is the real challenge – Economic Times
Indias corporate debt repayment rate is abysmally low: Only 25.7 cents to a dollar loaned (or Rs 17 on Rs
IMF chief says Greek debt needs to be restructured, not forgiven – Yahoo7 News
Greece's debt needs "significant" restructuring, but debt forgiveness by the country's creditors is not necessary, IMF chief Christine Lagarde said
Vegas casinos wrote off fewer bad gambling debts in 2016 – CalvinAyre.com
Casinos on the Las Vegas Strip had one of their best years in recent memory in terms of writing off
First Solar tanks after huge restructuring charge – Business Insider
First Solar shares are down over 7% after the solar equipments supplier reported a substantial 4th quarter loss of ($US6.92)