Ivan Moreno and John O’connor, Associated Press Updated 12:41 pm, Sunday, January 10, 2016 … Read the full article at: http://www.chron.com/news/article/Lengthy-budget-delay-to-dominate-2016-legislative-6749086.php
DetailsElectronics retailer Dick Smith has gone into voluntary administration because of a continuing decline in sales. McGrath Nicol has been appointed to run the company. Analysts point to Dick Smith’s specialising in tech products as one reason for its predicament. Source: PM | Duration: 3min 44sec Transcript …
DetailsA group of Relativity Medias unsecured creditors have filed a proposed settlement that involves claims to several movies including Bridesmaids and Fast And Furious 6. The settlement proposal was filed late Friday in U.S. Bankruptcy Court for the Southern District of New York. You can read the documents here and here. The dispute involved the pre-bankruptcy transfer…
DetailsComments AA Hugh Stephens is a senior fellow at the Asia Pacific Foundation of Canada, and an associate faculty member in the school of business at Royal Roads University in Victoria. Yves Tiberghien is director of the University of British Columbias Institute of Asian Research and a senior fellow at the Asia Pacific Foundation of…
DetailsThe company contracted to carry out the Sixfields stadium development has been placed into liquidation after administrators realised no assets to pay creditors. Northampton Borough Council are set to appoint Deloitte to oversee the liquidation of the firm which it says will give it direct access to information…
DetailsBy Atty. Raymond Bulaon Published: January 9, 2016 | No Comments IF you are experiencing debt problems, you may find it difficult to talk to other people about it to the point that you are not getting the help that you need to find a solution. I understand. Debt is a very personal matter so…
DetailsFormer Goldman Sachs executive Bruce Mendelsohn has joined Perella Weinberg Partners as a partner in its advisory business, the firm has announced. Mendelsohn will be based in New York and will lead the companys restructuring practice. He will work closely with partner Kevin Cofsky and the other members of the restructuring team, according to a…
DetailsBy Claire McNeilly Published 08/01/2016 Spiralling debts are becoming a major problem in Northern Ireland Almost 250,000 people in Northern Ireland are facing a debt time bomb – but are doing little or nothing about it, the Belfast Telegraph can reveal. Families account for 62% of those currently in serious financial difficulty and, in over…
DetailsThe national carrier of Estonia has been formally declared bankrupt, following a European Commission (EC) decision that it received illegal government aid. The Baltic states airline closed its doors on Nov. 8, following the EC decision the previous day. This made it liable to repay 85 million ($92 million) it had received in state aid.…
DetailsShare this: Bulgarias Commission for Protection of Competition (CPC) has approved the sale of Bulgarian telecom firm Vivacom, one of the countrys three major carriers. The regulators decision was taken on December 22 2015, but the text of the ruling was not posted until January 8. Vivacom was put for sale after its parent company,…
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