By Reuters Published: 01:50 EST, 3 May 2016 | Updated: 01:50 EST, 3 May 2016 PRAGUE, May 2 (Reuters) – New World Resources’ (NWR) loss-making coal mining division OKD will have to file for insolvency unless the government can agree a deal with its owners to take the company over at a lower price, Czech…
©Bloomberg Alejandro Garcia Padilla, governor of Puerto Rico, is seen giving a speech on a television screen in a bar in San Juan Puerto Rico is set to suffer a crippling default on Monday after the islands governor ordered a moratorium on debt payments due by its de facto finance authority as its fiscal and…
NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker. The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from…
East Cleveland safety workers have long been forced to do more with less. Now, they face the prospect of a bankrupt city.File photo Facing yet another sloppy recall effort, East Cleveland Mayor Gary Norton summed up the faded prospects of his city in a brief conversation Friday afternoon: “Voters can throw the bums out if…
Sydney madam Jamelie Lahood pursued over tax bills The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby The interior of a room at Stiletto Bordello. Ms Lahood is said to owe the NSW government more than $190,000 in unpaid land tax. Photo: Fiona Lee Quimby Preparation to clean a room after the…
NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker. The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from…
By: Reuters | New Delhi | Updated: May 2, 2016 8:57 am The government plans to repeal an ineffectual, century-old insolvency law and amend 11 laws currently dealing with defaulters. Indias Insolvency and Bankruptcy Code, which may soon win parliamentary approval, would significantly strengthen the hand of banks in resolving a $100 billion bad loan…
Bendigo businesses are largely responsible for a drop in the number of regional Victorians to enter insolvency this year. Data from the Australian Financial Security Authority the federal body that oversees personal insolvencies shows no one in Bendigo entered a business-related insolvency in the March quarter. Nine proprietors entered insolvency in the previous three-month period. Overall, 38.2% less regional debtors entered a business-related personal…
Video will begin in 5 seconds. More video Recommended Replay video Lucas Neill declared bankrupt Former Socceroos skipper Lucas Neill has been declared bankrupt in the UK with administrators called to investigate his affairs. PT0M28S 620 349 Former Socceroos skipper Lucas Neill has been declared bankrupt in Britain, with an investigation called. Neill, 38, is thought to…
NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker. The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from…