Christian Keszthelyi Thursday, August 11, 2016, 13:14 A court in Zalaegerszeg has terminated a liquidation procedure brought against Hungarian porcelain maker Zsolnay, a decision which may yet be appealed, although Imre Bodnár, Zsolnays legal counsel, believes it would be difficult to refute, Hungarian news agency MTI reported. [Zsolnays] insolvency cannot be established and a liquidation…
DetailsLAFAYETTE, La.–(BUSINESS WIRE)– CirraGroup, the first crowdsourced medical debt settlement solution, announced today that it has signed an agreement with Lafayette General Health system (LGH; Lafayette, LA) for its Debt Resolution Platform. Today, one in four Americans are covered by a high deductible health plan, and half of them cannot afford to pay. As of…
DetailsNoble Group Ltd. lost money in the second quarter and net debt increased as the embattled commodities trader withdraws from some markets in an attempt to conserve cash and reverse a two-year collapse in its shares. The company made a loss of $54.9 million in the three months to June compared with a net profit of…
DetailsHard knocks More Special Reports … Read the full article at: https://www.lloydslist.com/ll/sector/ship-operations/article533258.ece
DetailsAbengoa SA won agreement from major creditors for a rescue plan, potentially averting Spains largest corporate insolvency. Investors including Elliott Management Corp., Centerbridge Partners LP and Varde Partners LP will provide 1.17 billion euros ($1.3 billion) of new loans in exchange for a 50 percent stake, according to a regulatory filing on Thursday. The renewable-energy…
DetailsNational Debt Relief recently shared in an article published July 17, 2016 some of the ways consumers can make better financial decisions for themselves and their family. The article titled “5 Keys to Making Better Financial Decisions” takes a look at some common solutions and strategies consumers can use to reach this objective. New York,…
DetailsDisputes on the rise | Asian Legal Business With China driving new case growth, offshore disputes are increasing among Asian companies, keeping lawyers very busy indeed, finds Christopher Horton One of the more noticeable trends in the fi… Read the full article at: http://www.legalbusinessonline.com/features/disputes-rise/72974
DetailsNew Delhi: Officials of Finance and Corporate Affairs ministries today discussed an action planfor implementation of the insolvency and bankruptcy law to make debt recovery process more effective. The Insolvency and Bankruptcy Code, 2016 — notified by the government in May — seeks to consolidate and amend laws relating to reorganisation as well as insolvency…
DetailsThe number of debtors who entered a personal insolvency in regional Victoria increased by 14.5 per cent in the June quarter, compared to the March quarter. Bendigo was one of the main contributors to the rise, alongside Wellington and Ballarat. Twenty-five debtors were recorded in Bendigo in the June quarter, compared to 16 in the…
DetailsComments Print /License AA Speculation is growing that Bombardier Inc. is weighing the potential sale of its Learjet luxury plane franchise, even as the company insists it remains comfortable with the business. Chief executive Alain Bellemare and his team are taking a more dispassionate view of assets than previous management, as shown by the companys…
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