Alberta Chief Justice Neil Wittmann has ruled to put lenders ahead of clean-up costs when energy companies go bankrupt. The Redwater Energy case is one that the energy sector, international investors, bankers, lawyers and regulators were all watching closely. Redwater was a tiny oil and gas company that went into insolvency in the spring of 2015. It owned a stake in 16 producing oil and…
DetailsPhil Mickelson, pro golfer and gambler, has been hanging around shady people, and now he’s been dragged into a federal case that is going to cost him $931,000 of ill-gotten gains, according to reports. The Associated Press says the Securities And Exchange Commission is filing a complaint against Mickelson related to alleged insider trading. The SEC says…
DetailsSOUTH BEND - The University of Notre Dame is making some changes within the Mendoza College of Business. Through a restructuring of its current management department, the college is adding the Department of Management and Organization and the Department of Information Technology, Analytics and Operations. It is the first time in more than 60 years…
DetailsRockingham had biggest rise in personal insolvency ROCKINGHAM had the biggest rise in regional personal insolvency in the March quarter, according to latest statistics from the Australian Financial Security Authority. There were 62 debtors in Rockingham, the second highest after Wanneroo. The statistics from Rockingham and Wanneroo were the main contributors to a 13.1 per…
DetailsDespite recent assurances about how the energy market is to be improved, too many people in Berwick are still struggling now and for the foreseeable future to keep warm and afford their bills, so end up owing possibly hundreds of pounds to their energy suppliers. It is understandable that if you are in debt, quite…
DetailsHouse Republicans have introduced long-awaited legislation to help Puerto Rico manage its deepening debt crisis. A revised bill was introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring, the Associated Press reported. House Natural Resources Committee Chairman Rob Bishop said Wednesday that decisions…
DetailsLAWRENCEVILLE, N.J. Donald Trump is going to hold a rally in New Jersey to help Gov. Chris Christie pay off the debt he incurred running for president. The presumptive Republican presidential nominees fundraising rally will take place Thursday at the National Guard Armory in Lawrenceville. Christie endorsed Trump after the governor suspended his campaign for…
DetailsPet Product Distribution has gone into insolvency, with a meeting of creditors held on April 28. The company supplied European-manufactured bird and small animal cages and had a UK supply agreement with German company Nobby, which supplies a range of 6,000 pet accessories for dogs, cats, small animals and birds. In July last year,…
DetailsNational Debt Relief recently shared in an article published April 9, 2016 how some college students can start building their own credit scores. The article titled “5 Rules To Help College Students Build A Credit History” looks at how young adults and first time credit card holders can build their financial score and reputation early…
DetailsThe market was unnerved Thursday with the report by a management consultancy firm that proposed restructuring state-run Korea National Oil Corp.s money-losing overseas crude oil development business. The report by Deloitte Anjin — Korean member firm of Deloitte Touche Tohmatsu — on reforms in the overseas businesses of state-run energy companies was commissioned by the…
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