There are many rules investors in preferred stocks try to follow and among the most commonly followed is to never buy preferreds that trade above liquidation value. But while this is a wise move in many cases, especially among more risk-averse investors, there are some underappreciated exceptions where it can be reasonable to pay a…
By Associated Press Published: 22:40 EST, 14 June 2016 | Updated: 22:40 EST, 14 June 2016 BUCHAREST, Romania (AP) Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpaid taxes.…
Denmarks financial regulator says it wont abide by a key principle in Europes Bank Recovery and Resolution Directive as the nation carves out its own vision for how to tackle insolvencies. While the BRRD was formulated with a view to letting smaller banks fail if they get into trouble, Denmark says it wont allow that…
Mental health issues and debt are a marriage made in hell and, worse, each feeds off the other. If you or someone you know is hit by this, youre not alone. This is one of the biggest and most hidden financial problems affecting the UK. The more we talk about it, the better, so I…
Liquidation is definitely not an easy procedure and requires in-depth knowledge of the Malta accounting legislation. You may feel intimidated by the term liquidation or dissolution and what it implicates. It is definitely not an easy procedure and requires in-depth knowledge of the Malta accounting legislation. A company should contact professionals in the field to…