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Daily Archives: June 11, 2016

Obama praises House action on Puerto Rico debt relief – Washington Examiner

Debt HelpBy Insolvency Advisory AccountantsJune 11, 2016

President Obama praised the House for passing a bill to help Puerto Rico restructure its debt, as the U.S. territory reels from an economic crisis and the spreading Zika virus. The House earlier this week passed a bill that gives Puerto Rico the ability to restructure its debt and help protect pensions for the island’s…

How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions – CNBC

GamblingBy Insolvency Advisory AccountantsJune 11, 2016

Donald Trump darted beneath the 70 gold-tipped minarets and nine carved elephants that lined the roof, through the lobby and across the casino floor, seemingly oblivious to the spectators’ cries of “Donald, Donald,” and the gamblers clutching bricks of $100 bills at the blackjack tables. It was April 1990, and Mr. Trump was officially opening…

Management company of Russian restaurants declared bankrupt – RAPSI

BankruptcyBy Insolvency Advisory AccountantsJune 11, 2016

15:35 03/06/2016 MOSCOW, June 3 (RAPSI) The Moscow Commercial Court has declared Yaposhka City company, the operator of Yaposha restaurants, bankrupt, RAPSI reported from the courtroom on Friday. On January 29, the court introduced a monitoring procedure at the company upon the request of Trust Bank. Yaposhka City owes over 1.6 billion rubles ($24 million)…

Hulk Hogan Gloats Over Gawker Bankruptcy – Daily Beast

BankruptcyBy Insolvency Advisory AccountantsJune 11, 2016

The company wouldve been forced to turn over its assets to the wrestler to stay his $140 million judgment, so it petitioned the courts for emergency protection. In what is either an interim victory for Gawker hater and Silicon Valley billionaire Peter Thiel or a prudent maneuver by Gawker Media founder Nick Denton, the online…

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