To find out, I spoke with Jeffrey Carhart, partner of the law firm Miller Thomson. He is a respected expert in the area of corporate bankruptcy and insolvency. According to Carhart, perhaps the simplest way to consider the differences is to think about who is in control of the insolvent company? Generally speaking, the Companies…
Details7 Jun 2016 / Greg Moskovitch When Napster finally took its toll on the music industry back in the early 2000s, there were just as many cheers as there were sighs. Despite the obvious impact it had on artists, many were glad labels were finally getting their comeuppance. Having taken advantage of artists and…
DetailsBut in the bankruptcy cases, West Virginia has been pressuring the industrys lenders to share more of the responsibility for mine reclamation and water remediation, arguing that they exert great influence, if not outright control in some cases, over the bankrupt mining companies. Still, figuring out who holds the industrys debt can involve a cat-and-mouse…
Details4:50 PM ET Mike FishESPN Senior Writer Close Investigative reporter for ESPN.com 10 years at The Atlanta Journal-Constitution Twice nominated for a Pulitzer Prize LOS ANGELES — For the second time in as many weeks, Phil Mickelson‘s connection to sports gambling surfaced in a federal criminal proceeding, this time on Monday, when a California man…
Details07 June 2016 , 10:36 AM by Jacquie Mackay The Blackwater Country Club and Mine Workers Clubs have been a part of the social fabric of the town of Blackwater for decades, but their future looks a little uncertain at the moment. The community clubs have gone into voluntary administration with the economic downturn…
DetailsCompanies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! stated John Oliver on his popular TV show. Some people though are not happy by the actions see the latest below. John Oliver Debt Buy, Though Laudable, Erases Efforts of Debt Resistance Activists Who Provided…
DetailsPhilip Chiyangwa Dingilizwe Ntuli Sports EditorLEGAL experts say the local football leadership has plunged itself into a seemingly intractable quagmire over the rushed decision to announce the dissolution of Zifa and formation of the National Football Association of Zimbabwe (NFAZ) without following proper legal channels. An extraordinary congress convened at Zifa Village on Saturday resolved to…
DetailsImproved operating performance along with reduced losses, primarily due to reduced jet fuel prices, is estimated to have reduced the industry debt to Rs 580-600 billion as of March 2016 from Rs 700 billion as of March 2016, rating firm ICRA has said. However, overall, the cash reserves of the airlines have dwindled and raising…
DetailsDisaster: Bankrupt businessman Dominic Chappell bought BHS for £1 Bankrupt businessman Dominic Chappell, who bought BHS for £1, will make his first public appearance since the store collapsed in to administration tomorrow. The one-time racing car driver will be quizzed by MPs over his involvement in the scandal which has seen 11,000 staff lose their jobs,…
Details8:50 PM GMT LOS ANGELES — For the second time in as many weeks, Phil Mickelson‘s connection to sports gambling surfaced in a federal criminal proceeding, this time on Monday, when a California man was sentenced to 12 months and one day in prison for transferring nearly $3 million of the pro golfer’s money to…
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