April 5, 2016 2:01 p.m. ET WILMINGTON, Del.There is no sign of a quick end to the long-running fight over how to divide the remnants of Nortel Networks Corp., a legal battle that has kept the defunct telecommunication companys investors and former employees waiting for years to be paid. Nortels U.S. unit, bondholders, Canadian creditors…
After many dramas and twists, this morning Tel Aviv District Court judge Eitan Orenstein sent Inbal Or’s company Or City Real Estate into liquidation. Reading his decision, Orenstein said there was “no hope of rehabilitating the company.” He ordered the appointment as liquidator to all the companies in the group the person who…
Chancellor Angela Merkel said in Berlin Tuesday that a debt haircut for Greece was not possible as long as the country remains in the eurozone, adding that Germany wanted a quick conclusion of a bailout review. The IMF has fought shy of participating in the bailout without a firm promise of debt relief for…
MANISH KIRI, MD, Kiri Industries Managing Director Manish Kiri, on how the company expects to be back in black this year The Kiri Industries stock zoomed up 11 per cent after it announced a debt reduction plan. Speaking to Bloomberg TV India, Kiri Industries Managing Director Manish Kiri said the company is set to reduce…
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central…
Ontario Licensed Insolvency Trustee and Accountant John Adamson of Adamson & Associates Inc. Explains Why He Is in Agreement With The Office of the Superintendant of Bankruptcies Directive No.33, Which Changes the Title “Trustee in Bankruptcy” to “Licensed Insolvency Trustees.” ST THOMAS, ON–(Marketwired – April 05, 2016) – As of April 1, 2016, all trustees…
For people struggling with mounds of debt, a debt consolidation program can seem like a wonderful thing. These programs promise to take all of your debts and reduce them down to one convenient monthly payment, leaving you with only one bill to worry about and a seemingly direct path to debt freedom. Sounds great, doesn’t…
Steilmann SE : * Insolvency of corporate group companies * APANAGE Fashion Group GmbH as well as Klaus Steilmann GmbH & Co. Kommanditgesellschaft will immediately file for insolvency on grounds of illiquidity with respective local courts having jurisdiction over these * Respective german subsidiaries of APANAGE Fashion Group GmbH and Klaus Steilmann GmbH & Co.…
April 5, 2016 10:07 a.m. ET The long-running fight over how to divide the remnants of Nortel Networks Corp. continues Tuesday in a U.S. federal court, with creditors in Canada, the U.K. and the U.S. vying for a share of the $7.3 billion raised from the liquidation of the defunct global telecommunications giant. Nortels U.S.…
Associated Press/Susan WalshIn this photo March 22, 2013 file photo, the exterior of the Internal Revenue Service (IRS) building in Washington. See Also The IRS just paid out a record $40 billion in tax refunds in a single day Taxpayers have 4 extra days to file in 2016 here’s what that means for you Why…