Earlier this month, Brazos Electric Power Cooperative filed for bankruptcy protection following the impact of recent severe winter storms in Texas. What made this filing notable was that Brazos is the largest and oldest power cooperative in the state. It went from a “financially robust, stable” company before the storms to stressing under the weight…
By Killian Flood BLPublished 9 March 2021 Killian Flood BL The High Court has ruled that an insolvent debtor was not entitled to a new protective certificate under the Personal Insolvency Acts 2012-2015 after he had benefitted from an invalid protective certificate within the previous 12 months. It was claimed by the debtor that the…
A head-on collisionImage: ANDREW KASUKU Policyholders with Concord Insurance Company Ltd (in liquidation) will be paid after an eight-year wait, the Policyholders Compensation Fund has announced. At least 1, 572 claimants will benefit from the payments, with PCF expected to spend Sh392 million. Total claims, however, stand at Sh467 million. The maximum compensation payable by…
Three properties in the Rockhampton region are to be acquired by the council as the overdue rates are worth more than value of the land. A report on the worthless properties was presented to Rockhampton Regional councillors this week. The owners of the following properties have overdue rates: 1 Blarney Ln, Mount Morgan: rates not…
But the drumbeat of concern about GFGs financial health is gaining intensity. The BBC said British trade unions were demanding a meeting with GFG subsidiary Liberty Steel, the countrys third-largest steelmaker, to seek assurances about the future of steel jobs. And Libertys CEO, John Ferriman, met Business Secretary Kwasi Kwarteng over the weekend. The British…
Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images LONDON British financial services firm Greensill Capital has filed for administration, according to a report from the Financial…
Home / Share Market News / Telstra (ASX:TLS) share price and others caught in Greensill insolvency The Telstra Corporation Ltd (ASX: TLS) share price, along with numerous other Australian companies, will be watched with a close eye at the moment. This comes as the Greensill Capital collapse ripples through to its clients. What is Greensill…
Responding to Elon Musk on Twitter can be very risky. Theway you respond to either criticism or praise–in general–says a lot about you. The way you respond when it comes from a billionaire known for his sometimes controversial but always lively Twitter feed can be dangerous. If only every leader could take the approach that…
One of Labour’s candidates to be Mayor of Liverpool has opened up about the circumstances which caused her to twice file for bankruptcy, and insisted this does not mean she is not the right person to run the city. Princes Park Councillor Joanne Anderson is one of two people on Labour’s new shortlist to replace…
A hunt for the assets of Tommy Robinson has begun after he declared himself bankrupt this week. The founder of the English Defence League, whose real name is Stephen Yaxley-Lennon and who was one of Britains best-funded activists, filed for bankruptcy before a trial in which he is being sued for libel by a Syrian…