Denver Business Journal , KUSA 11:04 AM. MDT July 14, 2016 U.S. Bankruptcy Court (Photo: JUPITERIMAGES) DENVER BUSINESS JOURNAL – A Denver energy company that filed for bankruptcy protection in March said it could emerge from restructuring later this month. Venoco Inc. said the U.S. Bankruptcy Court for the District of Delaware has approved its…
Since starting Student Loan Hero, I have learned a lifetime of lessons about personal finance, risk and opportunity, and decisions and consequences. If I had to sum these lessons up, they would look like this: Lesson #1: Debt is a burden we shouldn’t take on willingly. Colleges are more than willing to loan you money…
A LEIGH-based investment company left its registered office in Madeira Avenue without notice when the Insolvency Service began investigating its gold mine investment scheme. It was reported that the company refused to co-operate with the Insolvency Service before vacating tis offices. Five firms, including Santo Montana LLP in Madeira Avenue and Lorem Ipsum Trade…
The Global Lead for Credit Infrastructure at the World Bank, Mahesh Uttamchandani has described as acceptable , governments intervention in the DKM microfinance scam to help customers get back their investments. According to him, unlike corporate private entities, an insolvency involving financial institutions like DKM, have larger societal impact which have dire economic implications. A…
Oct 7 KST Beteiligungs AG : * Will be completely resolved from a pension obligation existing with the former management board against payment of a compensation amounting to approx. 1.26 million euros ($1.41 million) * Resolves itself from the pension obligation and proposes liquidation of the company * After signing of transfer agreement will propose…
The Bucharest Court approved yesterday the insolvency request of ELCEN, a state-owned power producer that also provides the heat and hot water distributed in Bucharest. KPMG was appointed the companys judicial administrator. According to the company, its total debts have reached EUR 402 million whereas its claims amount to EUR 827 million. The company has…
New Delhi: The government has come out with draft norms for registration of insolvency professionals and agencies under the Insolvency and Bankruptcy Code. Reuters While the Code is in the process of being implemented, the government has already set up the Insolvency and Bankruptcy Board of India (IBBI), chaired by M S Sahoo. The Corporate…
The government has come out with draft norms for registration of insolvency professionals and agencies under the Insolvency and Bankruptcy Code. While the Code is in the process of being implemented, the government has already set up the Insolvency and Bankruptcy Board of India (IBBI), chaired by M S Sahoo. …
Standard Bank declared bankrupt, and ADIF becomes its liquidator Baku, Fineko/abc.az. Commercial Bank Standard, the activities of which discontinued from 1 October, has been declared bankrupt. The Azerbaijani Deposit Insurance Fund (ADIF) informs that it was done by Decision #2-1(81)-4498/2016 of the Baku Administrative & Economic Court #1. By the same decision, ADIF was appointed…
Boutique nightclub in Melbourne’s inner south-east has been targeted in what’s believed to be a drive-by shooting. Sources close to the well-known club in Prahran say at least three shots were fired into the front door and first floor window overnight on Thursday. No reports have been made to police about suspected gunshots to Boutique. Photo: Instagram/15minutesoffameaustralia Photographs…