LONDON, March 21 (IFR) – Norske Skog has rejigged its bond exchange yet again in response to a controversial legal ruling, with the help of new financing from funds GSO and Cyrus. The latest move ups the ante in the long-running battle between Norske Skog’s unsecured and secured bondholders, which has sparked accusations of nefarious…
DetailsOn March 1, 2016, Affirmative Insurance Co. was declared insolvent by at least $31 million by Acting Illinois Insurance Director Anne Melissa Dowling, who filed with the Illinois Supervising Court a Complaint for Liquidation with a Finding of Insolvency against the insurer. A hearing on the complaint for liquidation is set for March 24. The insurer operates in the…
DetailsMen are more likely to struggle to pay their bills and go bankrupt, new data suggests. Just over 29,000 Australians were declared personally insolvent in 2015, with 58 per cent of those being men. Nearly two thirds of those men were bankrupt, data from the Australian Financial Security Authority shows. Losing a job or income…
DetailsMen more likely to go bankrupt than women Men are more likely to struggle to pay their bills and go bankrupt, new data suggests. Just over 29,000 Australians were declared personally insolvent in 2015, with 58 per cent of those being men. Nearly two thirds of those men were bankrupt, data from the Australian Financial…
DetailsCALGARY A small energy producer with wells and facilities in Alberta and B.C. says it has shut down production, laid off all non-executive employees and its directors and officers have resigned after a bank called in a loan. Calgary-based Terra Energy Corp. has long been struggling to turn a profit, first as low natural gas…
DetailsClarence Briggs, 54, had declared bankruptcy and had huge credit debt Records show he had debts of $315,000 mostly owed to credit cards Briggs had also been accused of domestic violence in 2014 against wife Donna Briggs told police that he had hit her in the head and broken a door Retired trooper opened fire…
DetailsA Gold Coast company that offered heavily discounted travel packages to its members has collapsed into voluntary administration and ceased trading. More than 15,000 members of Australian Escapes could be affected by the businesss collapse, including some who are currently travelling overseas, as well as approximately 40 employees, according to the Gold Coast Bulletin. However,…
DetailsSacramento signed a monumental deal two years ago to build a new sports and entertainment arena in the heart of the city. Now comes the time to pay for it. Tuesday night, the City Council will be briefed on a plan to extend downtown parking meter hours to 10 p.m., allowing the city to collect…
DetailsPrint Text smaller Text bigger This short essay is in response to a friend who asked me to explain how Donald Trump is unacceptable to movement conservatives. Lets first acknowledge that many Trump supporters dont even claim to be conservative though others do and Trump himself is rather dismissive on the point, so they may…
DetailsCanberra Tuesday March 22, 2016 ACT Brumbies chief executive Michael Jones has been stood down by the rugby union clubs board just days after launching an extraordinary attack on decisions taken under the previous administration of now-Crows CEO Andrew Fagan. Flinders grad shares story of road to Oscars success with Amy … Read the full…
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