After eight years of legal struggle among state regulators, investors and policyholders, Commonwealth Court Judge Hannah Leavitt on Wednesday signed off on a plan to liquidate Penn Treaty Network America Insurance Co. and its affiliate American Network Insurance Co. of Allentown. That decision leaves solvent insurers, their owners and customers to pick up the cost…
DetailsGomer Press staff ‘leave over restructuring process’ 1 March 2017 From the section Mid Wales Eight members of staff have left Gomer Press because of alleged discontent over a restructuring process, BBC Wales understands. A source said employees in the publishing department were told they must apply for new posts as their current roles will…
DetailsIt is difficult to see the political or economic landscape changing in the short to medium term in order to alleviate the increasing cost pressures that restaurants now face. However, if advisers can be approached early enough, then careful pre-planning and an understanding of some of the legal and commercial complexities of this particular business…
DetailsKelly Parsons, News Journal correspondent Published 1:36 p.m. CT March 1, 2017 | Updated 22 minutes ago Buy Photo High school juniors Josh Williams, left, to right, Samir Boussarhane, and Falen McClellan created the Pensacola Debt Sharks for their International Baccalaureate community development project at Pensacola High School. The goal of the Debt Sharks is…
DetailsNORTHERN Rivers residents are starting to pay off their debts as new figures revealed less people declared bankruptcy in 2016. The latest figures from the Australian Financial Services Authority showed 35 bankrupt debtors including nine business-related and 26 non-business related insolvencies in the December quarter. Over the whole year 158 people declared bankruptcy compared with…
DetailsDonald Trump appears on track to blow out the US budget deficit and debt, in a Reagan-like fiscal loosening that could drive up global interest rates higher than anticipated. Not that stock investors seem to care. The Dow Jones Industrial Average burst through a record 21,000 points Wednesday in New York (Thursday AEDT) following Trump’s toned…
DetailsNORTHERN Rivers residents are starting to pay off their debts as new figures revealed less people declared bankruptcy in 2016. The latest figures from the Australian Financial Services Authority showed 35 bankrupt debtors including nine business-related and 26 non-business related insolvencies in the December quarter. Over the whole year 158 people declared bankruptcy compared with…
DetailsReaders’ travel tips: Travel insurance and insolvency Say goodbye to your $32,000 if you haven’t taken out the right travel insurance. Photo: iStock Cape Town cruise cancellation: Be sure your travel insurance covers insolvency. Photo: iStock exit TIP OF THE WEEK SINKING FEELING I agree with “Bitter Pills” (Tip-o-meter, January) regarding travel insurance and have…
DetailsThere have been some “proper tulips” among the last 17 Transport Ministers but none of them brought Bus Éireann to the brink of insolvency, an Oireachtas Committee has heard. Transport Minister Shane Ross has repeated that it would be “absolutely wrong” of him to intervene in the “nitty gritty” of the Bus Éireann dispute, writes…
DetailsBillionaires ‘launched a campaign of abuse against Mark Holyoake and family’ Alleged threats began when their luxury property business deal turned sour Mr Holyoake’s wife Emma said she feared Christian Candy might ‘get rid’ of her husband She said three other Candy associates including Scot Young ‘died mysteriously’ Allegations are latest to emerge in £132m…
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