A year after being declared bankrupt, Independent TD Mick Wallace is scheduled to walk away from debts of more than 30m. Mr Wallace was adjudicated a bankrupt at the High Court on December 19, last year on foot of a 2m judgment debt. He was therefore scheduled to leave bankruptcy yesterday. Mr Wallace had been…
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. Sorrento Tech, Inc. (Nasdaq: ROKA) today announced that it has notified the NASDAQ Stock Market (“NASDAQ”) of its intent to delist its common stock (the “Stock”) from the NASDAQ Global Market. The Company filed…
Video PlayerClose ROME, Dec. 19 (Xinhua) — Bank of Italy Governor Ignazio Visco on Tuesday told a parliamentary commission of inquiry into the failure of several Italian banks that nobody in the government of ex-premier Matteo Renzi tried to exert undue pressure on him during the banking crisis. Visco testified that Renzi asked him about…
NEW YORK, Dec. 19, 2017 /PRNewswire/ — New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced that it has closed on the previously announced sale of its property located at 1440 Broadway in New York, New York for a total of…
By M R Umarji The Insolvency and Bankruptcy Board of India (IBBI) has framed regulations for insolvency resolution process which provide that liquidation value means estimated realisable value of the assets of the corporate debtor is used for computation of liquidation value. The regulations further provide that the information memorandum prepared by the Resolution Professional…
The Insolvency and Bankruptcy Code, 2016, in its brief history has created quite a shake-up in the corporate sector. No doubt that the enactment of the Code has been well intentioned. Due to the growing menace of loan defaults, it had long been felt to have some sort of disciplined insolvency and bankruptcy legislation to…
Debt-ridden Ruchi Soya Industries on Tuesday said that insolvency proceeding has been initiated against the company and the powers of its board have been suspended. On December 9, the company had said that petitions filed by Standard Chartered Bank and DBS Bank against Ruchi Soya Industries before the National Company Law Tribunal (NCLT), Mumbai have…
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After 160 years of lending a rakish look to the likes of Winston Churchill, Humphrey Bogart and Indiana Jones, an iconic Italian hat company has been declared bankrupt. Borsalino, famed for its stylish fedoras and panamas, was declared insolvent after a court in Alessandria, northern Italy, rejected a rescue plan and placed the company in…
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com’s Dividend Insider Elite. Sign-up for a FREE trial here. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date…