The Sullivan County EMS is several hundred-thousand dollars in debt. For years the department has been able to support itself, but with changes in healthcare and insurance policies, the department is struggling. “We have had one of the highest call volume years that we’ve had in a long time,” Sullivan County Department of Health Director…
DetailsVideo will begin in 5 seconds. More video Recommended Replay video Evicted with nowhere to go Watch Buket Ozdil film herself being forcibly evicted from her suburban Melbourne home. PT1M14S 620 349 Aaron Szepesvary and Buket Ozdil were forcibly evicted from their suburban Melbourne home on Tuesday, the lock drilled, the door smashed open, over…
Details(Recasts with increase to debt, adds details, background) MADRID Feb 29 Spain’s Abengoa, on the brink of becoming the country’s largest-ever bankruptcy, said on Monday its debt had risen by 492 million euros ($535.39 million) in 2015’s fourth quarter as it posted a full-year net loss of 1.2 billion euros. The energy firm, which is…
DetailsAbengoa SA, the Spanish renewable-energy company scrambling to avoid bankruptcy, reported a 1.2 billion-euro ($1.3 billion) loss for 2015 after its business was revalued amid a financial restructuring process. The Seville-based company shifted to a loss after posting net income of 125.3 million euros the previous year, according to a regulatory filing Monday. The loss…
DetailsA St. John’s financial consultant who helps people cope with unmanageable debt says a spike in the number of personal insolvencies in oil-producing provinces is a sign of the times. “We’re talking about almost 2,000 filings a year and, for a small province such as Newfoundland, [that’s] a pretty big number. It’s not insignificant,” said Sean Stack,…
DetailsCHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) — Professor Jason Kilborn from The John Marshall Law School in Chicago has been asked to join the prestigious International Insolvency Institute, an invitation-only organization of leading bankruptcy and restructuring professionals. Over the past decade, Kilborn has focused his academic research on a comparison of bankruptcy and insolvency in…
DetailsBarclays shares fall 7% on results and restructuring 1 March 2016 From the section Business Media captionBarclays chief executive Jes Staley says the restructured bank will be simpler Barclays shares closed down 7% after reporting a drop in full-year profits, a dividend cut and a restructuring including reducing its stake in Africa. Underlying annual profits…
DetailsRegional law firm Aaron & Partners has strengthened its dispute resolution and insolvency team further with the appointment of insolvency expert Mark Davies as a partner in its Chester office. Mark, who has spent most of the last 20 years working for Manchester based firms, has over 26 years experience of servicing a national client…
DetailsToshiba’s Tokyo headquarters–Courtesy of Toshiba Long-beleaguered Toshiba is planning on selling its entire medical equipment unit as it grapples with rising restructuring costs. The move comes as the Japanese company attempts to recover from an accounting scandal that has taken a hefty toll on business. Toshiba had previously said it would sell at least 51%…
DetailsFinance Minister Arun Jaitley in a post-Budget press conference in New Delhi. (PTI photo) New Delhi: Sebi will develop new products like options in the commodity derivatives market and also take a slew of measures to deepen the corporate bond markets. “New derivative products will be developed by Sebi (Securities and Exchange Board of India)…
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