MLPs: Critical But Often Overlooked Tax Implications Of Suspended Distributions And Debt Restructuring – Seeking Alpha

Bankruptcy

I’ve noticed within the comments section of my recent articles on Legacy Reserves (NASDAQ:LGCY) and Memorial Production Partners (NASDAQ:MEMP) that many readers are concerned with the potential tax ramifications of all the “creative measures” upstream master limited partnerships (“MLPs”) are implementing to try to remain solvent through the downturn in commodity prices. Latham & Watkins,…

‘Butcher’ Dentist Faces Trial for Mutilating More Than 100 Patients in France – VICE News

Bankruptcy

The small French town of Château-Chinon, located in the rolling hills of the Nièvre district, was once best known for its medieval ruins and its former mayor, François Mitterrand, who went on to become France’s longest-serving president after his election in 1981. But this town of 2,100 residents has attracted a different sort of attention…

Clive Palmer staves off Yabulu nickel refinery closure by removing administrator – Sydney Morning Herald

Bankruptcy

Clive Palmer’s nickel refinery outside Townsville. Photo: Glenn Hunt Clive Palmer has retaken control of his troubled Yabulu nickel refinery sidelining the administrator after disclosing conditional funding had been arranged to avoid its closure. On Monday the business obtained $23 million which has been secured against assets in other parts of the Palmer empire, which are believed to include personal assets. The voluntary…

Dragons’ Den’s Sarah Newman is declared bankrupt owing more than £4.5million – Daily Mail

Bankruptcy

Ex-RTÉ star, Sarah Newman, was due to be questioned about Irish debts  UK bankruptcy means temporary stop to Irish accounts being checked  Former dot.com millionaire and then partner agreed to pay £7.4m in 2011 Allied Irish Banks now claim she still owes them more than £4.6million   By Paul Caffrey For Irish Daily Mail Published: 01:47…