The Bucharest Court of Appeal decided to permanently close the insolvency procedure of Hidroelectrica, one of the most profitable state-owned companies, almost five years after the company filed for insolvency, reports local News.ro. When the insolvency procedure was opened, Hidroelectrica had 11 ongoing bilateral contracts for electricity supply at prices considered damaging to the company.…
DetailsAn idle oil pump jack is seen in a field near Leduc, Alta. / Financial Post CALGARY Major Canadian oil companies could face tens of millions of dollars in liabilities as a result of tiny Lexin Resources Ltd.s insolvency and its inability to clean up over 1,500 oil and gas wells in Alberta, which has…
DetailsUltrapetrol (Bahamas) Limited Has Completed Its Court-Approved Financial Restructuring and Emerged From Chapter 11 on March 31, 2017 Tuesday, April 4, 2017 1:00 PM UTC NASSAU, Bahamas, April 04, 2017 — Ultrapetrol (Bahamas) Limited (the Company), a Bahamas corporation, announced today it has successfully completed its court-approved financial restructuring and has emerged from its pre-packaged…
DetailsJustice Minister Frances Fitzgerald Justice Minister Frances Fitzgerald has no decided view on whether gambling debts should be made enforceable in the Irish courts. Ms Fitzgerald said the consequences of changing public policy on the enforcement of gambling debts would have to be closely scrutinised. However, a change is not likely to feature in the…
DetailsLegal Aid’s Julie Maron, Tahlena Galvin-Moule and Nicole Dwyer. Riverina residents worried about Centrelink debt notices can now have legal queries fast-tracked. Legal Aid has joined forces with community legal centres to give timely and independent legal advice for these people, including those who have received a so-called robo-debt or automated debt notice. Anyone calling LawAccess in relation to a Centrelink debt…
DetailsHere is a case with far-reaching repercussions involving the Philippine Deposit Insurance Corp. (PDIC), which allegedly took over the Unitrust Development Bank (UDB) without sufficient legal basis. Heres the worst part: PDIC officials allegedly started dipping their hands into the banks coffers after the takeover, thus sending chilling signals to other banks. On December 28,…
DetailsApril 04, 2017 09:00 ET | Source: Ultrapetrol (Bahamas) Limited NASSAU, Bahamas, April 04, 2017 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (the Company), a Bahamas corporation, announced today it has successfully completed its court-approved financial restructuring and has emerged from its pre-packaged chapter 11 bankr… Read the full article at: https://globenewswire.com/news-release/2017/04/04/954134/0/en/Ultrapetrol-Bahamas-Limited-Has-Completed-Its-Court-Approved-Financial-Restructuring-and-Emerged-From-Chapter-11-on-March-31-2017.html
DetailsI am sinking under my debts and need help to restructure, consolidate and settle my dues as soon as possible. Ive been driven into this situation as I depend on credit cards to pay my rent of Dh44,000 on a villa in Abu Dhabi because my salary has not been rising. I pay the landlord…
DetailsLegal Aid’s Julie Maron, Tahlena Galvin-Moule and Nicole Dwyer. Riverina residents worried about Centrelink debt notices can now have legal queries fast-tracked. Legal Aid has joined forces with community legal centres to give timely and independent legal advice for these people, including those who have received a so-called robo-debt or automated debt notice. Anyone calling LawAccess in relation to a Centrelink debt…
DetailsHealth services at Embangweni Mission Hospital under CCAP Synod of Livingstonia have come to a halt as the management is struggling to clear out MK32million debt it owes different medical suppliers. Embangweni hospital staff during prayers. -Photo by Leonard Masauli On Saturday, the mission hospital organized prayer and fasting session at Kalungulu Mountain in the…
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