UPDATE, WEDNESDAY: A decision on the future of the CQ Leagues Club is likely to be made within “20 to 30 business days, the club’s administrator says. A statement issued shortly after midday today by Worrells Solvency & Forensic Accountants has confirmed the board of the CQ Leagues Club Limited appointed Morgan Lane and Paul…
DetailsANNAPOLIS, Md. – Maryland Governor Larry Hogan says wants to help residents who are struggling with student loan debt and the high cost of college tuition, and he’s pledging millions of dollars in relief to get it done. At a news conference Tuesday, Hogan announced he is proposing legislation that would make student debt interest…
DetailsCalifornian Owen “O-Dog” Hanson, the kingpin of an illegal gambling racket and cocaine ring smuggling drugs into Australia, understood how to collect a debt. The FBI had monitored the muscle-bound ex-college football star and his crew of heavies as they used intimidation, threats and violence to haul in cash owed criminal underworld figures who did…
DetailsState-owned bus company Bus Éireann’s financial situation has worsened, and without urgent reforms it could face insolvency within 18 months, according to informed sources. Late last year, Minister for Transport Shane Ross briefed his Cabinet colleagues and said the company was at crisis point, and could become insolvent within 24 months. However, the latest figures…
DetailsDebt advisers are braced for a surge in queries as families try to balance their finances after Christmas. Freya Findlay and Julie Morgan look at the support that is available to them The national charity is expecting some 180 people to seek advice on debt in January as it says…
DetailsA COMPANY director from Bolton has been banned for five years after his firm arranged employment for illegal workers. Zamirahmed Munshis company, Dankart Limited, which has now gone into liquidation, was issued with a £60,000 fine after Home Office Immigration Officers (HOIE) discovered 12 people working illegally. Their employment had been organised by Dankart. Officials…
DetailsMaritime privileged credits Judicial recognition Comment The Insolvency Act (22/2003) is based on the principle of universality with regard to assets and liabilities. However, in accordance with the act, certain credits including maritime privileged credits must be separated from a bankruptcy estate, resulting in a breach of this principle. Maritime privileged credits Article 76.3…
DetailsAxon Energy Products has placed its Gateshead subsidiary business into liquidation after attempts to lower costs failed. Axon Energy Products (UK), which is based on the Team Valley trading estate, was placed into liquidation on December 20 2016. The closure of the business has affected nine members of staff who worked in the Gateshead office.…
DetailsWe need a speedy bankruptcy code to resolve distress while maintaining the priority structure of claims. The bankruptcy code will give creditors more ability to resolve distress and help strengthen the corporate bond market, which is so essential to infrastructure financing. Raghuram Rajan, former Governor, Reserve Bank of India, in September 2015. Fifteen months later,…
DetailsContents1 See Also1.1 Digital shines at Bed Bath & Beyond1.2 Amazon announces Digital Day promotional event1.3 Examining the next generation of payment providers competing in the burgeoning digital commerce market BI Intelligence See Also Digital shines at Bed Bath & Beyond Amazon announces Digital Day promotional event Examining the next generation of payment providers competing…
Details