AdvertisementThe U.S. Bankruptcy Court issued an order converting ESP Resources Chapter 11 reorganization cases to liquidation under Chapter 7. The order states, The captioned cases are converted to cases under Chapter 7 of Title 11 of the United States Code. The U.S. Trustee is directed to immediately appoint a chapter 7 trustee for each case.…
2017-05-03T11:55+02:00 11:55 03.05.2017 The transition bank created on the basis of Diamantbank declared insolvent earlier will have enough attractive assets, and the bank has a potential investor, Diamantbank Board Chairman Oleh Khodachuk has said. “In four days after the introduction of interim administration the bank’s employees carried out titanic work resulted in submitting an application…
Consumers who are trying to better understand how debt consolidation can help them manage their payments better can read up on an article published recently by National Debt Relief. The article titled “How to Get and Pay Off a Debt Consolidation Loan in North Las Vegas” which was published April 7, 2017 explains the different…
News Tuesday, May 2, 2017 21:35 By JAMES KARIUKI David Ashiagbor, MFW4A co-ordinator. PHOTO | SALATON NJAU Kenyas heavy debt burden could be managed without hurting ongoing execution of the mega infrastructure projects if the government taps into the multi-billion shilling pension funds. That was the verdict…
Personal insolvencies have jumped more than 10 per cent over the past year, as people in financial difficulty sought help from debt-management firms which have been roundly criticised by key corporate regulators. Key points: ASIC criticised the “opaque and expensive” agreements Credit card debt accounted for almost a third of 7,900 new personal…
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The franchisor of national pizza chain Eagle Boys has entered voluntary administration ahead of a potential sale. However, the appointment of external managers does not extend to Eagle Boys franchises, which are owned by franchisees and continue to operate on a business as usual basis, Eagle Boys said in a statement late last week. Administrators…
The number of West Australians falling behind on their mortgages is skyrocketing. Personal insolvency in WA reached record levels in the March quarter, reflecting the human impact of the end of the mining boom. Nationally there was a 10.8 per cent rise in personal insolvencies in the quarter but WA led the rise with a…