Image Source : PTI No political interference! RBI bars MPs, MLAs from holding MD post in urban cooperative banks In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD)…
Despite what the SEC called his extraordinary and continuing” assistance in helping the agency shut down an alleged $1.4 billion investment scam, Mr. McPherson was notified last year that his whistleblower award would likely be close to zero. The reason? The target company, Life Partners Holdings Inc., had declared bankruptcy, and the SEC never collected…
It could not be immediately ascertained as to such details of how many creditors were put out The Insolvency and Bankruptcy Board of India (IBBI) “inadvertently” put out on its website Aadhaar and PAN details of creditors, including workmen, of some companies undergoing resolution process, and the issues are expected to be sorted out in…
John McPherson was almost certain hed get rich from the Securities and Exchange Commissions whistleblower program. Instead, he ended up bankrupt and embittered. Despite what the SEC called his extraordinary and continuing assistance in helping the agency shut down an alleged $1.4 billion investment scam, Mr. McPherson was notified last year that his whistleblower award…
Your ref: FOI20/21-230 Date: 22 April 2021 Dear Re: Freedom of Information Act (FOIA) Request Thank you for your email of 26 March in which you requested from the Insolvency Service: I have been looking into average debt levels for personal bankruptcies and found some research published by yourselves Median Estimated Debt by Age Band…
During the peak years of the gold rush, Nevada City and Grass Valley had a combined Jewish population exceeded in California only by San Francisco and Sacramento. Some were miners, but many were shopkeepers. Rosenberg, Baruh, Rosenheim, Levy, Rosenthal, and Blumenthal were among the names associated with local Jewish businesses, as was Bailey Gatzert. Gatzert,…
Unfortunately, the past year and a half of lockdowns and social distancing means that we are seeing a lot of companies go bust. There was simply too much of a burden placed on them during this tumultuous time even though there seems to be a light at the end of the tunnel. This relief has…
On June 24, another employee of the defunct Nagaon Paper Mill in Assam died due to a cardiac arrest, after reportedly failing to arrange money for treatment because of non-payment of salary for over four and half years. NPM is one of the two paper mills of the government-owned Hindustan Paper Mill Corporation (HPCL), the…
Many retail REITs had been struggling long before the COVID-19 pandemic, so it isn’t surprising that some of the weaker players in the space ended up declaring bankruptcy in 2021. Washington Prime Group (NYSE:WPG) is the latest one to do so, and in thisFool Live video clip,recorded on June 14, Fool.com contributor Matt Frankel, CFP,…
Dive Brief: BBQ Holdings will acquire family dining brand Village Inn and Bakers Square from owner VIBSQ, LLC, for $13.5 million, according to an SEC filing. Village Inn, which has 21 company-owned units and 114 franchised restaurants, 13-unit Bakers Square will become wholly owned subsidiaries of BBQ Holdings.The transaction is expected to close by the…