New England Motor Freight, the 19th-largest less-than-truckload (LTL) trucking company in the US, filed for bankruptcy protection on Monday. Several top freight analysts said one of NEMFs challenges was its contract with Amazon, which tends to provide a lot of packages that are of relatively low value. Amazon contracts are pretty demanding, one analyst told…
Brian Anderson Snr (61), from Irvine, was appointed a joint director of Anderson Builders Limited in August 2014 before becoming the sole appointed director in June 2015. Anderson Builders was involved in the construction of commercial buildings but the companys performance struggled before it had to cease trading in February 2017. Independent insolvency practitioners were…
What Happened In this case, Edelweiss ARC alleged that Kothari settled a dispute with Reliance Infrastructure for Rs 9.65 crore compared with the original claim of Rs 30 crore without informing the lenders. According to the petition, Abhijeet MADC Energy in 2007 agreed to build a 271-megawatt power plant in Nagpur for the Maharashtra Airport…
Bas Lansdorp is a Dutch entrepreneur who saw his dreams of colonizing Mars crumble into red dust after his company, Mars One, declared bankruptcy. The company was made up of a not-for-profit called the Mars One Foundation and a for-profit company called Mars One Ventures. The idea behind Mars One was to colonize the red…
Brian Anderson Snr (61), from Irvine, was appointed a joint director of Anderson Builders Limited in August 2014 before becoming the sole appointed director in June 2015. Anderson Builders was involved in the construction of commercial buildings but the companys performance struggled before it had to cease trading in February 2017. Independent insolvency practitioners were…
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the first…
A small Dutch company which promised to establish a permanent colony on Mars, self-funding the unprecedented project with reality television deals, has been declared bankrupt. The Mars One project was announced in 2012 with the aim of putting the first four humans on Mars in 2024. It claimed to have attracted interest from 200,000 peoplewho…
The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly. The number of Albertans who filed for insolvency rose in 2018, though corporate bankruptcies in the oil and gas sector declined significantly. According to the Office of the Superintendent of Bankruptcy, 14,700 Albertans…
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the first…
A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonalds ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA). He rejected arguments…