Clive Palmers Queensland Nickel knew months in advance it would run out of money by early last month, raising the prospect that it may have been trading while insolvent and potentially exposing the federal MP and his nephew director to being pursued over any debts racked up by the refinery in its final days. Internal…
DetailsThe board of directors of Australian Renewable Fuels (ARFuels), the countrys largest biodiesel producer, has placed the company into voluntary administration. Under Australian law, voluntary administration is a form of insolvency arrangement, which creates an opportunity for flexible approaches to bring about a better outcome for stakeholders than may otherwise occur in liquidation. The company…
DetailsGeneral Electric Co (GE.N) said on Friday that it would double its 2016 budget for restructuring spending to fight the effects of low oil prices and slow global growth that pummeled its earnings last year. The U.S. conglomerate plans to spend $3.4 billion on restructuring measures this year, double the $1.7 billion it targeted just…
DetailsMinister for Justice and Equality Frances Fitzgerald has announced a new Government-funded scheme to help people who are insolvent and in mortgage arrears to access independent expert financial and legal advice. A number of Government agencies will be involved, including the Money Advice and Budgeting Service (MABS), the Legal Aid Board, the Insolvency Service and…
DetailsFinancial Poise Webinars and West LegalEdcenter are pleased to announce the February 5th premiere of a new webinar series RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2016,” designed to introduce attorneys and business owners to the basics of what to do when a business is in trouble. Moderator Jonathan Friedland of Sugar Felsenthal Grais & Hammer joins…
DetailsFinancial Poise Webinars and West LegalEdcenter are pleased to announce the February 5th premiere of a new webinar series “RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2016,” designed to introduce attorneys and business owners to the basics of what to do when a business is in trouble. Moderator Jonathan Friedland of Sugar Felsenthal Grais & Hammer joins…
DetailsHouseholds in London, Hull, and Manchester are among the most likely to seek professional debt help, according to new research. Inner cities and the surrounding areas feature prominently on a new list of UK areas where people have the most debt-related problems. Young people, renters, those on low incomes, and first-time buyers are most vulnerable…
DetailsWhy Government Should Not Regulate The App Market by Iain Murray, Foundation For Economic Education Guys and Dolls and Apps and Regulators In Damon Runyons Broadway stories (and in the musical Guys and Dolls), a gambler named Nathan Detroit hosts New Yorks oldest established floating crap game, presaging three functions of todays app revolution.…
DetailsA number of exotic animals which were previously on display at a Ballymena pet shop have been removed after the owner was declared bankrupt. The animals – which included the likes of alligators, crocodiles and spider monkeys – were anaesthetised and boxed up to be transported to new…
DetailsA number of exotic animals which were previously on display at a Ballymena pet shop are set for new homes after the owner was declared bankrupt. The animals – which included the likes of alligators, crocodiles and spider monkeys – will be anaesthetised and boxed up to be…
Details