Federal officials lambasted Alpha Natural Resources restructuring plan in court documents filed Tuesday, saying the Virginia-based firms proposal lacked sufficient details and was more akin to a liquidation. The objections of the U.S. Trustee present a hurdle in Alphas attempts to emerge from Chapter 11 protection. They come in advance of a hearing next week…
The Association is of the belief that an effective law on corporate insolvency would enable companies to fall on options to recuperate rather than closing the company, as is the common prescription under the countrys current laws. Jacob Saah, the Executive Secretary of GARIA Mr. Jacob Saah, the Executive Secretary of GARIA made the call…
A Queensland training college with four campuses has collapsed into voluntary administration. College of Australian Training called in external managers late last week, with Sam Kaso and Daniel Juratowitch from Cor Cordis appointed joint voluntary administrators. College of Australian Training has campuses in Townsville, Cairns, Maroochydore and the Gold Coast. The college offers nationally recognised…
In his Union Budget speech of 2014-15, the finance minister had announced the development of an effective bankruptcy code for easy exit. Following this announcement, the Viswanathan Committee was set up on August 22, 2014, to study the corporate bankruptcy legal framework in India. Commendably, within a short span of time, a comprehensive Insolvency and…
Kathryn Thomas had been lined up to speak at the event The company behind a major conference on empowering women has gone into liquidation after poor ticket sales forced the event’s cancellation. The Herizon conference has been due to take place at Dublin’s RDS Simmonscourt over three days at the end of April, but was…
Doing business in India just got easier with a new code on insolvency and bankruptcy passed in the Lok Sabha on Thursday, reported the Mint. Expected to be passed smoothly in the Rajya Sabha too, the bill will help in faster turnaround of businesses as well as exiting an ailing entity, and even recovering of…
Pet supplies retailer Petbarn has scooped up the assets of a string of companies that collapsed into voluntary administration last month. Animal Supplies Group, which operated businesses such as Animal Supplies Wholesale and Pet Brands Connect, called in administrators on April 14. Vaughan Strawbridge and David Lombe from Deloitte were appointed voluntary administrators. Animal Supplies…
David Young said he feels as if regulators have tried to handle the HRINY matter in secret. A former Health Republic Insurance of New York (HRINY) enrollee is hoping many consumers, health care providers and insurance agents affected by the carrier’s collapse will show up next week, in person, for a hearing on a liquidation…
Sports Authority is still pursuing a “robust” sale process and is not fully liquidating just yet, attorneys for the sporting goods retailer told a federal bankruptcy judge on Tuesday. Several parties have expressed interest in all or most of the Englewood-based company’s assets, attorney Robert Klyman told Judge Mary Walrath at a hearing in the…
Premier Annastacia Palaszczuk has affirmed her commitment to regional schools arts touring as the organisation responsible for delivering the program battles extreme financial hardship. Artslink Queensland, formerly known as the Queensland Arts Council, has entered voluntary administration with the first creditors meeting held on Tuesday morning. Artslink Queensland, formerly known as the Queensland Arts Council,…