Decades before Rick Blangiardi began his run for Honolulu mayor, he took part in financial schemes in Hawaii and Kansas that led him to file for bankruptcy and landed the scams ringleaders behind bars. The former television executives involvement got the attention of the Federal Deposit Insurance Corp., or FDIC, which sued him and others…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 30 bankruptcies in week 26. This is 43 down on the previous week. In addition, 1 sole proprietorship was declared…
Turbine manufacturer Suzlon has completed debt restructuring with the unanimous approval of its secured lenders. The company said the term debt is reduced substantially with interest of 9% a year repayable over 10 years starting today. It added that the balance debt of secured consortium lenders has been replaced by 0.01% optionally convertible debenture of…
Aussie spending has been turbulent in 2020, with the devastating effects of the bushfires into the outbreak of COVID-19. In fact, according to Deloitte Access Economics latest quarterly Retail Forecasts subscriber report (Q2, 2020), retail spending has been a rollercoaster so far this year. The report revealed that after the surge in spending growth in…
July 01, 2020 21:52 ET | Source: Aeromxico Mexico City, July 01, 2020 (GLOBE NEWSWIRE) — Company Obtains Court Approval of All Requests at “First Day” Hearing Aeromexico Continuing to Serve Customers and Operatewith Focus on Health and Safety of Employees and Customers Mexico City, July 1, 2020 — Grupo Aeromexico S.A.B. de C.V (Aeromexico…
The Corporate Insolvency and Governance Act (the Act) received Royal Assent on 25 June 2020 and is now in force. As anticipated in our client alert of 26 May 2020, the Act represents the most extensive changes in the insolvency landscape since the Enterprise Act came into force in 2003. The provisions of the Act…
Labor has slammed the governments early super access scheme after new research showed a massive jump in gambling expenditure by people taking advantage of it. Shadow Assistant Treasurer Stephen Jones said: Today we learn that one in 10 dollars that has been provided through the governments early access to super scheme has been spent on…
MORE than three years since CQ Leagues Club went into receivership, the company which left a debt of more than $2.5 million, is expected to be wound up by next month. Insolvency company Worrells Rockhampton was appointed liquidator of the company of February 15, 2017. Documents submitted to the Australian Securities and Investments Commission in…
BUSBY Contracting’s liquidation is set to be wound up by the end of this year as their debts have blown out to almost $5 million. The company, which went into voluntary liquidation in February 2018, claims the liquidation was a result of underquoting liquidation of associated major debtors and flooding of their project sites. It…
The world has been experiencing a massive downturn over the recent months because of the COVID-19 pandemi… The world has been experiencing a massive downturn over the recent months because of the COVID-19 pandemic. Locally, the Philippine government has reactively imposed community quarantine measures of varying degrees. The actions taken have resulted in disruptions in…