The judicial administrator of Hiroelectrica, Remus Borza, says that the energy company might exit insolvency June 8, when the next term of litigation at the Bucharest Court is scheduled. Borza stated: I didnt come thinking that I would get retired from Hidroelectrica, altough it would have been an honor, obviously. () so on June 8,…
A junior oil and gas company in Calgary is blaming an order aimed at protecting a rare Prairie bird for its insolvency. LGX Oil + Gas says its daily operations and drilling plans were significantly disrupted when an emergency order under the federal Species at Risk Act took effect in February 2014 that protects the…
NRL CEO Todd Greenberg says players will be banned for life if match fixing allegations are proven correct. COLOURFUL racing identity Eddie Hayson has had a long and chequered history with betting agencies and NRL players. Hayson, the former owner of brothel Stiletto before being declared insolvent with $52 million in debts, is one of…
EXCLUSIVE Video will begin in 5 seconds. More video Recommended Replay video NSW Police looking at NRL match-fixing claims The NSW Organised Crime Squad are in the early stages of investigating two NRL matches after claims of match-fixing emerged. PT0M39S 620 349 Controversial gambler and former brothel owner Eddie Hayson is embroiled in a NSW police…
And a scheme to fund the cost of a consultation with a personal insolvency practitioner has also been put in place, the Irish Independent has learned. In what is set to be a three-pronged support scheme for distressed homeowners, Tánaiste and Justice Minister Frances Fitzgerald will also announce financial supports for homeowners who want to…
Former West Ham captain Lucas Neill has been declared bankrupt in the UK. The 95-cap Australian international earned a reported 40million AUD (£20million) during his playing career, which also included spells at the likes of Millwall, Blackburn Rovers, Everton and Galatasaray. According to a Daily Telegraph report in Australia, Neill, 38, had been involved in…
New 90-day moratorium for failing businesses will seriously impact creditors, CICM warns The move to a new model similar to Chapter 11 for UK businesses heading towards insolvency could have serious consequences for creditors, cashflow and thousands of small businesses within the supply chain. And while new Government proposals do not seek to…
Insolvency resolutions of companies and individuals will be completed within 180 days, as per a new law which has got the nod from President Pranab Mukherjee. Insolvency is a situation where an individual or a company is unable to repay outstanding debt. The legislation has a provision for imposition by appropriate authority…
Insolvency resolutions of companies and individuals will be completed within 180 days, as per a new law which has got the nod from President Pranab Mukherjee. Insolvency is a situation where an individual or a company is unable to repay outstanding debt. The legislation has a provision for imposition by appropriate authority a minimum penalty…
As a small business, its vital you set your payment terms and improve your cash flow to make sure you stay solvent. You need to ensure your interests are protected when you deal with other businesses and new customers, particularly if the order is large and requires a lot of investment. Are you supplying to…