UPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…
DetailsUPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…
DetailsMUMBAI: Indias Rs 7-lakh crore debt recovery isnt an exclusive opportunity for IIT-IIM alumni or top CAs to burnish their CVs: Thousands of ordinary graduates, with experience in the financial domain, may be part of the unprecedented exercise that requires a huge number of support staff to assist the decision-makers. The government is planning to…
DetailsPORTLAND, Maine – Maine’s Republican governor is vowing to fight for $100 million worth of bonds aimed at attracting young people and supporting research and development. Gov. Paul LePage on a Tuesday radio appearance expressed frustration with fellow Republicans opposed to such efforts. The bonds would fund programs to pay off student loans for those who agree…
DetailsMUMBAI: The National Company Law Tribunal (NCLT) has admitted Mumbai-based Guruashish Construction for insolvency proceedings as the company has failed to repay a Rs 250 crore debt with the lender – Union Bank of India hoping to recover the soured loan. It is evident that the corporate debtor defaulted in repaying the loan availed and…
DetailsSAN DIEGO An enforcer who beat up a man with gambling debts in front of his son was sentenced in San Diego to two years in federal prison for his involvement in a gambling and drug-trafficking ring run by a former USC football player. Jack Rissell, 51, pleaded guilty to extortion last December, admitting in…
DetailsHorst Piepenburg has been appointed as insolvency administrator after having conducted the preliminary proceedings. Piepenburg said last week he was in talks with a potential investor for the takeover of SolarWorlds German factories in Freiberg and Arnstadt. According to Reuters, the potential investor is the companys largest shareholder, which is Qatar Foundation. SolarWorld CEO Frank…
DetailsTHE FORMER chief executive and manager of Grays Athletic has been declared bankrupt reports the London Gazette. Michael Henry Woodward, aged 55, of The Bungalow in Purfleet Road, Aveley had a petition filed against him on November 21st 2016. The bankruptcy order was made on June 6th, 2017. The petition was made by HM Revenue…
DetailsAusgrid’s new shareholders and management team are wasting no time in addressing the company’s capital structure. Street Talk understands that Ausgrid is preparing to tap the United States privately issued debt market as early as this week, with the help of lenders and advisers Bank of America Merrill Lynch and Commonwealth Bank of Australia. The US debt…
DetailsDebt management or “credit repair” services can make some alluring promises to those with financial problems. They say they can silence the phone, turn away the debt collectors, wipe away black marks from your credit record – and make those money woes go away. But so often these promises are not met. In too many…
Details