Page 7251 – Insolvency Advisory Accountants

Supreme Court clarifies protection of sick industrial companies – International Law Office (registration)

BankruptcyBy Insolvency Advisory Accountants April 21, 2016

Introduction Facts Questions of law Decision Comment Introduction Questions around the interplay between the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Sick Industrial Companies (Special Provisions) Act 1985, the Recovery of Debts Due to Banks and Financial Institutions Act 1993 and the Companies Act 1956 have frequently arisen…

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Debt relief ‘helps poor avoid bad decisions’ – The Straits Times

Debt HelpBy Insolvency Advisory Accountants April 21, 2016

Clearing the debts of the poor reduces their anxiety and helps them focus better, possibly reducing the chances that they will make bad decisions which keep them mired in poverty. This was a key finding of the first local study on how debt affects the poor, which was presented at a conference yesterday. But before…

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Chances of bankruptcy law passage brighten – Livemint

LiquidationBy Insolvency Advisory Accountants April 21, 2016

Last Modified: Fri, Apr 22 2016. 04 05 AM IST Parliamentary panel reached political consensus on the bankruptcy law that makes it easier for sick companies to be either wound up or revived New Delhi: Prospects of the early passage of a bankruptcy law, which makes it easier for sick companies to be either…

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Fitch Rates Fannie Mae’s Connecticut Ave Securities, Series 2016-C03 – Business Wire (press release)

BankruptcyBy Insolvency Advisory Accountants April 21, 2016

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned the following ratings and Rating Outlooks to Fannie Mae’s risk transfer transaction, Connecticut Avenue Securities, series 2016-C03: –$157,758,000 class 1M-1 notes ‘BBB-sf’; Outlook Stable; –$56,342,000 class 1M-2A exchangeable notes ‘BB+sf’; Outlook Stable; –$123,953,000 class 1M-2B exchangeable notes ‘B+’; Outlook Stable; –$180,295,000 class 1M-2 notes ‘B+sf’; Outlook Stable; –$56,342,000 class…

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More debt relief, less austerity; Tsipras – RTE.ie

Debt HelpBy Insolvency Advisory Accountants April 21, 2016

Greek Prime Minister Alexis Tsipras has rejected the idea of more austerity measures and called for debt relief for Athens. It comes as the European Commission said Greece’s fiscal performance was better than expected last year. Economic progress has been a sticking point in bailout talks, which have dragged on for months. The European Union…

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Earnings Season Shows Need For U.S. Corporate Restructuring – Seeking Alpha

RestructuringBy Insolvency Advisory Accountants April 21, 2016

This earnings season has clearly given evidence to the fact that corporations in the United States, both financial as well as non-financial, are either restructuring and need to restructure. Evidence of this is all over the place. Two pieces in the Wall Street Journal about Intel Corp. (NASDAQ: INTC) point to the need for such…

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Double liquidation trouble for Clive Palmer’s Qld Nickel – The Australian Financial Review

LiquidationBy Insolvency Advisory Accountants April 21, 2016

Clive Palmer in Canberra: A court hearing on Friday is crucial for his finances. Alex Ellinghausen The Queensland Nickel collapse will move into a new and more dangerous phase for mining entrepreneur Clive Palmer on Friday when creditors vote to put the company into liquidation. There are no deeds of company arrangement on the table…

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Nova Scotia claim against bankrupt D’Eon Fisheries gets new life – CBC.ca

BankruptcyBy Insolvency Advisory Accountants April 21, 2016

Nova Scotia’s highest court has given the provincial government another crack at recovering at least some of the money it loaned a bankrupt fisheries company. D’Eon Fisheries of Port Mouton declared bankruptcy in 2013. The company shut down shortly after receiving a $500,000 loan from Nova Scotia Business Inc., made on the eve of the 2013 provincial…

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Greek PM calls for debt relief, rejects more austerity after Eurostat data – Daily Mail

Debt HelpBy Insolvency Advisory Accountants April 21, 2016

By Reuters Published: 01:17 EST, 22 April 2016 | Updated: 01:17 EST, 22 April 2016 ATHENS, April 21 (Reuters) – Greek Prime Minister Alexis Tsipras on Thursday rejected the idea of more austerity measures and called for debt relief instead after the European Commission said Greece’s fiscal performance was better than expected last year. Economic…

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Three women is not a crowd on company boards – The Australian Financial Review

LiquidationBy Insolvency Advisory Accountants April 21, 2016

A single woman on a board is a token. Erin Jonasson by Reza Monem One is a token, two is a presence, three is a voice. Sounds familiar? This seems to be the effect of placing women on corporate boards. Although corporate leaders may think otherwise, academic research seems to find this effect again and…

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