On March 1, 2016, Affirmative Insurance Co. was declared insolvent by at least $31 million by Acting Illinois Insurance Director Anne Melissa Dowling, who filed with the Illinois Supervising Court a Complaint for Liquidation with a Finding of Insolvency against the insurer. A hearing on the complaint for liquidation is set for March 24. The insurer operates in the…
Men are more likely to struggle to pay their bills and go bankrupt, new data suggests. Just over 29,000 Australians were declared personally insolvent in 2015, with 58 per cent of those being men. Nearly two thirds of those men were bankrupt, data from the Australian Financial Security Authority shows. Losing a job or income…
Men more likely to go bankrupt than women Men are more likely to struggle to pay their bills and go bankrupt, new data suggests. Just over 29,000 Australians were declared personally insolvent in 2015, with 58 per cent of those being men. Nearly two thirds of those men were bankrupt, data from the Australian Financial…
CALGARY A small energy producer with wells and facilities in Alberta and B.C. says it has shut down production, laid off all non-executive employees and its directors and officers have resigned after a bank called in a loan. Calgary-based Terra Energy Corp. has long been struggling to turn a profit, first as low natural gas…