Legalize pot and gambling to fund Kentucky’s pensions? ‘Not going to happen,’ Bevin says – The Courier-Journal

Gambling

CLOSE A quick look at the figures behind the Commonwealth’s pension shortfall. Mary Ann Gerth/Courier-Journal/USA TODAY Network/Wochit Buy Photo Governor Matt Bevin addresses the crowd during the Governors Local Issues Luncheon held at the Galt House. Aug. 24, 2017(Photo: Sam Upshaw Jr./CJ)Buy Photo Correction: An original version of this story misstated who suggested legalizing casino gambling…

Feds: Craig Carton Started Ticket Reselling Ponzi Scheme To Pay Off Millions In Gambling Debt – Gothamist

Gambling

Craig Carton in 2016 (Getty Images) After being being arrested early Wednesday morning, radio personality Craig Carton was charged with securities fraud, wire fraud, and conspiracy to commit those offenses for creating what the U.S. Attorney’s office called a “Ponzi-like scheme” to attract investors into committing millions to a ticket reselling businessa business that was…

NCLT adjourns hearing on case against Stayzilla to Sept 12 – Times … – Times of India

Liquidation

CHENNAI: The Chennai bench of the National Company Law Tribunal (NCLT) on Thursday adjourned hearing on an insolvency case against homestay aggregator Stayzilla to September 12. Vendor Jigsaw Solutions has filed a petition seeking initiation of corporate insolvency as an operational creditor under Section 9 of the Insolvency & Bankruptcy Code 2016 against Inasra Technologies…

Insolvency Code: Supreme Court’s Order Has A Stern Message For Company Managements – BloombergQuint

Bankruptcy

In its first detailed order on the Insolvency and Bankruptcy Code, the Supreme Court has, via a series of observations, made it clear to managements of insolvent firms that their rule is over. The judgement was pronounced in the case of Innoventive Industries that had challenged an unfavorable order by the National Company Law Appellate…

‘Safe to fail’: Insolvency safe harbours will rescue struggling companies – The Australian Financial Review

Bankruptcy

The government’s introduction of a safe harbour to protect directors from insolvent trading liability will drive a culture change expected to prevent the premature collapse of companies, according to experts. Minister for Revenue and Financial Services Kelly O’Dwyer has rallied lawyers and turnaround professionals to back the government’s changes, saying they will be key to…

Two Gladstone region medical centres in voluntary administration – Gladstone Observer

Liquidation

CREDITORS will decide the fate of a Gladstone and Calliope health service provider after they were placed in voluntary administration this week. Australian Securities and Investments Commission documents show the owner of Gladstone Valley and Calliope Medical Centres, Medifield, was placed in the hands hands of creditors on September 4. The filings were made ten…