Newcastle businessman Lemuel Page. FOR years Newcastle man Lemuel Page spun a web of deceit involving failed investments that left him owing friends and former associates $17 million. But in the end it was a cheap cubic zirconia ring that landed the property developer turned fraudster in jail. The 48-year-old Mercedes-driving businessman’s past includes a shareholder arrangement with ex-bikie…
Details(Adds details related to agreement, advisor quotes) By Guillermo Parra-Bernal BOGOTA, July 22 (Reuters) – TPI Triunfo Participações & Investimentos SA and a pool of about 20 banks have agreed on terms to restructure 2.113 billion real ($672.6 million) of debt, giving the Brazilian infrastructure firm a lifeline to finalize projects and downsize gradually. The…
DetailsTPI Triunfo Participações & Investimentos SA and a pool of about 20 banks have agreed on terms to restructure 2.113 billion real ($672.6 million) of debt, giving the Brazilian infrastructure firm a lifeline to finalize projects and downsize gradually. The process will take place as an out-of-court workout, in which companies seek a limit on…
DetailsThe Kolkata bench of the National Company Law Tribunal (NCLT) on Friday issued an interim order admitting State Bank of India’s (SBI) insolvency application against the city based Electrosteel Steels Limited for initiating the corporate insolvency resolution process. “The petition filed by the Financial Creditor (in the case SBI) under section 7 of the Insolvency…
DetailsNathan Tinkler was able to get to Hawaii for his sons birthday. BANKRUPT former mining magnate Nathan Tinklers trip to New York for a job interview in February has backfired. The Saturday Telegraph can reveal the one-time billionaire remains unemployed and residing in Australia after an unsuccessful job application with a mining consultancy in Manhattan.…
DetailsOUT of options, an iconic Gladstone club has asked its members to contribute to a trust fund in a bid to keep it from becoming insolvent. At 10am today, about 100 people gathered at the Gladstone RSL Bowls and Citizens Club to come up with a solution to the club’s struggling financial situation. Club secretary…
DetailsBeena Parmar Moneycontrol News Debt in the balance sheets of most public sector banks may not get drastically reduced as bankers expect less than 50 percent recovery of the loans under insolvency. A month after the insolvency and bankruptcy process kick-started, three companies — Jyoti Structures, Monnet Ispat and Energy and Alok Industries — have been…
DetailsNo easy way beck Becker won Wimbledon at the age of just 17 in 1985, but now finds himself legally bankrupt BORIS BECKERS sad decline is complete after he was declared legally bankrupt. The German was one of the most talented tennis players of his generation, and a successful coach. Getty Images Boris Becker has…
DetailsFormer German tennis star Boris Becker said he was “surprised and disappointed” after being declared bankrupt by a court in London for failing to pay a “substantial” long-standing debt. Lawyers for the three-time former Wimbledon champion pleaded with a Bankruptcy Court registrar to allow Becker a “last chance” to pay off the debt which dates…
DetailsOne was hooked on pachinko to the point of suicide; the other took a samurai approach to gambling. A recovering pachinko addict and a professional gambler tell The Straits Times their stories. THE EX-ADDICT Mr Sachio Ooishi, a 42-year-old electronic product sales manager, began playing pachinko at 17 and quit only 18 years later. “At…
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