Share this: Bulgarias prosecutors office said on February 9 that it was seeking a hearing in the European Committee on Crime Problems (CDPC) concerning the difficulties in securing the extradition of Tsvetan Vassilev, former majority shareholder in the insolvent Corporate Commercial Bank (CCB), from Serbia. CDPC is the Council of Europe office tasked with coordinating…
QUESTION: Help! Debt collectors have been calling me incessantly demanding payment of my outstanding debts, which have grown to a surprising high level because of interest and penalties. The sad part is that while I do want to settle my debts and get rid of these pesky collectors who threaten me with law suits, I…
After posting N267bn loss in 2015 from marketing crude and refined petroleum products and accumulating cash call debts of over $6bn to joint venture partners as well as cash constraints to fund key operations, some analysts conclude that NNPCs underlying problem is that it is insolvent. Several independent and government-commissioned audits have also given credence…
Yes the financial crisis and resulting bailout of the banks have cost taxpayers billions. But a less discussed impact of the crisis has been the diminution of competition in the financial services landscape. A combination of tighter regulation, diminished consumer appetite and the bad experiences of other foreign players may have scared off new entrants…
A director caused more than £250,000 of stock to be transferred from a failing company to another business of which he was also a director. The move, by Christopher Lister, of GMS Stone Supplies Ltd, meant creditors, including the HMRC, who were owed more than £170,000, lost out when the company was liquidated. Mr Lister,…
Nathan Tinkler has been fighting since mid-last year to stave off the bankruptcy claim from GE Commercial. Photo: Getty Images Hard on the heels of attempts to revive his coal industry credentials, controversial businessman Nathan Tinkler has been declared bankrupt over funds owed from the sale of his luxury private jet, although the ruling has been stayed…
Comments Print /License AA Insolvent Danier Leather Inc. generated interest from 33 companies last year about possibly acquiring the retailer or providing it with much-needed capital, but no formal offer emerged. At the same time, the financial performance of the 84-store chain continued to decline and its internal financial forecasts were repeatedly revised downward, Brent…
One of the big bads from the 1980s is starting to emerge again in Alberta. Jingle mail the act of walking away from an underwater mortgage by mailing your keys back to the bank is a peculiarity of the Alberta residential market and an act of desperation. However, a combination of high debt and lost jobs make it an option…
A director caused more than £250,000 of stock to be transferred from a failing company to another business of which he was also a director. The move, by Christopher Lister, of GMS Stone Supplies Ltd, meant creditors, including the HMRC, who were owed more than £170,000, lost out…
Hamburg-based Hansa Heavy Lift (HHL), which specializes in super heavy lift, heavy lift and project cargo, says it is looking to step up its involvement in the offshore industry with a particular focus on transportation and installation (T&I) in the subsea oil and gas market as well as the offshore windfarm sector. Wholly owned by…