These are interesting times for Irish books retailer Eason, which this week asked the High Court to formally approve its plan to pay a 60 million special dividend to shareholders. The grand old retailers plan is to free up close to 100 million in capital by completing the sell-off of a 13-strong portfolio of properties,…
Mars One Ventures the company that claimed it was going to send hundreds of people to live (and ultimately die) on the Red Planet is now bankrupt, according to Swiss financial notices. Its an unsurprising development, as many experts suspected that Mars One has been a scam for years, preying on peoples desires to travel…
Its no secret that to many California consumers, this winters Chapter 11 bankruptcy filing by Pacific Gas & Electric Co. looks as phony as a $3 bill. Thats because bankruptcy filings are intended to protect companies and individuals whose financial survival is threatened. There is no evidence this states biggest utility is in such deep…
Collect $200 and pass go because this is a lesson we can all get behind. There are so many different life lessons we need to teach our kids to help guide them in life. But at the end of each day, we just hope we have done enough toraise good humans. Thats why it is…
As expected from a new set of laws for a complex subject, the Insolvency and Bankruptcy Code is evolving. And as is frequently also the case, the changes in a complex law can get confusing. ET gives a snapshot of where things stand now, and how that affects stakeholders. Legislation/SC Judgement:First IBC Amendment (Nov 2017)…
Certain gamblers are clich, right? The business person playing table games during a work trip to Las Vegas, or the retired couples who pour their pensions into the slots in exchange for buffet passes. But who wouldnt you expect to see at the casino? 1. A Tale of Two Nuns Everyone knew that Sisters Mary…
A man ordered to pay Sh18 million compensation to the family of a businessman he killed in road rage has lost bid to be declared bankrupt. Albert Mbogori, who served 14 months in jail for manslaughter, had pleaded with the court to declare him bankrupt because he didnt have cash to pay the award. He…
A personal insolvency arrangement (PIA) which involves writing down a 343,785 mortgage debt by more than half has been approved by the High Court for a woman who ran into mortgage arrears due to her husbands gambling problem. Permanent TSB objected to the arrangement, insisting the proposed write down of some 343,785 to 160,000, the…
NEW YORK, Feb. 11, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
Mars One, a Dutch company that planned to send humans on a one-way trip to Mars and start the first human colony on the Red Planet, hasbeen declared bankrupt. The declaration was made in a Swiss court on Jan. 15and posted on Reddit this past weekend officially dissolving Mars One Ventures AG. Bas Lansdorp, company…