Dear Jeanne & Leonard: Ten years ago my brother “Jack” and I each lent our brother “Don” $5,000 so he could wipe out his gambling debts. Don promised to pay us back, but he never really did. Over the years, he paid me a total of $2,500 and Jack $500. The reason I received more…
Qimiao Fan Nationality: Chinese Profession: World Bank Country Director for Ukraine, Moldova and Belarus until June 30; current director for Bangladesh, Bhutan and Nepal. Education: B.A. and Ph.D. in economics. How to succeed in Ukraine: You have to put your heart and soul into it. You have to really care about the country and the…
There is financial panic in Banjul. Everyone is worried by the nations uncertain economic and political future. Almost all government accounts are in the red. Developmental projects are also at standstill. This is largely due to lack of budget. The Jammeh regime is struggling with acute cash shortages. It is only God knows when the…
Phillip Chiyangwa Philip Chiyangwa NAFAZ presidentI CONTEND that Section 3 of the Insolvency Act is applicable to the Applicant and that the application is properly before the (High) Court. It must be noted right from the onset that the situation Applicant is grappling with is one of insolvency. It is one relating to the soundness…
Romanias largest state-owned electricity producer Hidroelectrica exited insolvency after four years, the Bucharest Court decided yesterday. The court postponed twice the decision on Hidroelectricas insolvency exit due to legal actions by the companys former clients. The producer entered insolvency in June 2012 due to a weakening financial situation caused by the unfavorable contracts with various…
Hillary Clinton mocked Donald Trumps business failings in a major speech arguing that the presumptive Republican nominee would be disastrous for the economy. “Hes written a lot of books about business. They all seem to end at Chapter 11,” Clinton quipped, adding. “He bankrupted his companies not once, not twice, but four times.” We rated…
State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…
State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…
An insolvency claim has been filed against financially troubled KVV Liepajas Metalurgs metallurgical company with the court in Liepaja, south-western Latvia, reports LETA, according to the information published on the website of the Insolvency Administration. The insolvency claim had been filed by G4S Latvia security company, and the insolvency proceeding was opened on June 17.…
A HEREFORD businessman has been declared bankrupt. Stuart Blake was described as a recruitment consultant in the bankruptcy order published by The Gazette – the official public record. The 52-year-old is currently listed on the Herefordshire Recruitment company website as one of the King Street firm’s consultants. The website states that Mr Blake, who is…