If it feels like Penn Treaty American Corp. has been here before, well, that’s because it has. This time, however, the Salisbury Township provider of long-term care policies is heading toward a much different outcome: court-ordered liquidation. While that might sound grim, government officials and industry experts say Penn Treaty’s 170 employees and 78,000 customers…
DetailsIf it feels like Penn Treaty American Corp. has been here before, well, that’s because it has. This time, however, the Salisbury Township provider of long-term care policies is heading toward a much different outcome: court-ordered liquidation. While that might sound grim, government officials and industry experts say Penn Treaty’s 170 employees and 78,000 customers…
DetailsMILLIONS rely on credit cards to get them though the festive season but once January springs around they are left looking for a way to shift the debt. A combined £6.4billion is borrowed over Christmas according to research by Comparethemarket.com. Getty Images Millions rely on credit to fund their festive fun While a fifth anticipate…
DetailsBusinessPosted at: Dec 28, 2016, 12:03 AM; last updated: Dec 28, 2016, 12:03 AM (IST) Rules in place The Insolvency and Bankruptcy Code was notified in August and the Ministry of Corporate Affairs was entrusted with the responsibility to administer the Code To achieve the target, the three pillars as envisaged under the Code have…
DetailsFREE Breaking News Alerts from StreetInsider.com! StreetInsider.com Top Tickers, 12/28/2016 December 28, 2016 8:52 AM EST News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. Toshiba (OTC: TOSBF) shares plunged 20% Wednesday after the company warned the goodwill write-off for the CB&I Stone…
DetailsSenior citizens and their carers are warned to be on the alert against scams, following the forced winding up of another company that had targeted the elderly. Souza Healthcare Ltd, a London-based company, that sold overpriced health supplements, specifically targeting elderly and vulnerable consumers was wound up by the High Court following an investigation by…
DetailsInvestors wiped a fifth off of Toshibas market value on Wednesday as they scrambled to reassess the companys financial stability after its multibillion-dollar writedown warning, and analysts warned there was no end in sight to a runaway cost crisis. Fund managers in Tokyo and Hong Kong said the nuclear-to-electronics conglomerate once among the proudest names…
DetailsIntroduction The Insolvency and Bankruptcy Code, 2016 (Code) has been introduced with the primary objective of increasing lenders confidence and facilitating expansion of the credit market in India. As stated in the objects clause, the objective of this new law is to promote entrepreneurship, availability of credit, and balance the interests of all stakeholders by…
DetailsCalifornia is at the forefront of the US medical marijuana industry, and weeds positive impact on the states economy has been huge, generating $2.8 billion in 2015, with $6.5 billion annually expected by 2020. The states largest grow facility was announced in June 2016 by GFarms, and is slated to be built in the town…
DetailsMahindra & Mahindra rose 0.89% to Rs 1,178.20 at 14:37 IST on BSE after the company announced a restructuring of its businesses under Dr. Pawan Goenka, Managing Director of the company. The announcement was made during trading session today, 28 December 2016. Meanwhile, the S&P BSE Sensex was up 44.81 points or 0.17% at…
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