Category Archives: Bankruptcy

Endo (ENDP) Announces Restructuring; to Reduce Work Force by 90 Positions – StreetInsider.com

Get daily under-the-radar research with StreetInsider.com’s Stealth Growth Insider Get your 2-Wk Free Trial here. Endo International plc (NASDAQ: ENDP) announced today that as part of its comprehensive organizational review, it has initiated a restructuring program. These restructuring actions primarily relate to the Company’s Corporate functions and Branded pharmaceutical R&D functions in Malvern, PA and…

Gail Porter declared bankrupt after failing to cope with big debts: ‘It’s another devastating blow’ – Mirror.co.uk

Last year, Gail Porter underwent life-changing breast reduction surgery and admitted she felt better than ever. It looked like things were on the up for the former Top Of The Pops presenter, after difficult years battling depression. But now, the 45 year old has been declared bankrupt after failing to pay her debts. Read More…

Gail Porter declared bankrupt at High Court – Daily Mail

By Daily Mail Published: 11:57 +11:00, 26 January 2017 | Updated: 11:57 +11:00, 26 January 2017 e-mail View comments Eighteen years ago, at the height of her fame, Gail Porter was quite literally one of the biggest stars in Britain. With a 100 ft image of her bare bottom projected onto the Houses of Parliament,…

Nathan Tinkler wants to travel to New York for a job interview … and then Hawaii for a holiday – NEWS.com.au

Nathan Tinkler, who was declared bankrupt last March, arrives at the Federal Court in Brisbane today to apply for permission to be allowed to leave the country. BANKRUPT former billionaire Nathan Tinkler is locked in a legal stoush over whether he can travel to New York for a job interview and to Hawaii to catch…

Williams and Partners Ltd appointed EuroUSC insolvency agents. – sUAS News

Joint administrators were formally appointed by the Court today, Wednesday the 25th of January 2017 As insolvency agents, it is their task to try to sell the assets and goodwill of the business for the benefit of the creditors of the company. Should any parties be interested in purchasing the intellectual property rights of the…

FWT files for insolvency – Windpower Monthly (subscription)

Proceedings are set to be opened at the district court of Montabaur after the application was filed on 21 January 2017. With some 70 employees, FWT energy has been manufacturing and selling 2MW, 2.5MW and 3 MW onshore wind turbines since 2013. Recent business included supply to a 51MW project in Kalmykia, southern…

Bus Éireann at ‘immediate risk of insolvency’ – RTE.ie

Acting chief executive of Bus Éireann Ray Hernan has told the Oireachtas transport committee that drastic and decisive action is needed to resolve the financial crisis at the company. Mr Hernan said that to do nothing would result in the company, not just Expressway, going out of business. He said there was an “immediate risk of…

Rafizi claims bankrupt Felda unit lost RM155m – Yahoo Singapore News

KUALA LUMPUR, Jan 24 A subsidiary of the Federal Land Development Authority (Felda), which is now bankrupt, lost RM155 million in just over two years of operations, Opposition lawmaker Rafizi Ramli alleged today. The PKR MP for Pandan said Felda Wellness Corporation (FWC) was declared bankrupt by a Malaysian court last year over unpaid debts…

Builton fails, administrator appointed – Business News

One of states biggest residential construction firms, Builton, has succumbed to the financial stresses engulfing the sector, appointing external administrators earlier today after reports of the companys financial troubles emerged last week. Cor Cordis partners Dino Travaglini and Jeremy Nipps were named as administrators to Builton‘s parent Builtoncorp Pty Ltd, as well as four other…

RBI to set up corporation for insolvency resolution in the financial sector – Livemint

Mumbai: The central bank is working on setting up a financial sector resolution corporation, said N.S. Vishwanathan, deputy governor, Reserve Bank of India (RBI). We have discussed with the government the shape this corporation will take. Its purpose is to not only provide insurance to financial companies but also to provide resolution, Vishwanathan said at…