Bankruptcy

I was as low as I believe I could have gotten: Johnny Depp on bankruptcy, divorce

Depp opens up about legal troubl­es, financ­ial woes and a tumult­uous, shroud­ed person­al life Amber Heard filed for divorce from Johnny Depp last year PHOTO: POPSUGAR MUMBAI: Hollywood star Johnny Depp, whose life has been marred by several problems and issues including legal troubles, financial woes and a tumultuous, shrouded personal life, says there was a point when he was as low as he could have gotten. “I was as low as I believe I could have gotten. The next step…

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Baltic House administrator also handled bankruptcies of Bruce Grobbelaar and Kerry Katona

The liquidator who oversaw the bankruptcy cases of Kerry Katona and Bruce Grobbelaar has vowed to investigate a collapsed Liverpool development where investors have lost “considerable” amounts of money. Louise Brittain will jointly oversee the affairs of the collapsed Baltic House development in the Baltic Triangle, which has been left a concrete shell after work stopped last year. That development was set to be part of a complex of apartments including a “street art gallery” including works by Banksy. But…

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Nirmalan’s insolvency plea dismissed- The New Indian Express

By Express News Service THIRUVANANTHAPURAM: The Sessions Court here has refused to accept the insolvency petition by K Nirmalan, a key accused in the Nirmal Krishna Chit fund scam. The plea was dismissed on the basis that the company was registered in Tamil Nadu. The insolvency petition was filed after winding up the functioning of two finance firms that operated at Palukal near Marthandom.  Source link

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Utility That Tried To Blame California Fires On Climate Change Could Face Bankruptcy

PG&E executives suggested climate change was to blame for a spate of deadly wildfires that rocked California in 2017, but now the state’s largest utility is facing the possibility of bankruptcy after investigators found it responsible. Raging wildfires devastated Northern California in October 2017. Enhanced by high winds, the fires ultimately killed more than 40 people, burned at least 245,000 acres in Napa and Sonoma counties and caused over $3 billion in insured property losses. It was not immediately clear at the time…

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Garden River intervenes in steel mill’s insolvency proceedings

Plans for a new $55-million port facility in Sault Ste. Marie have drawn Garden River First Nation into Essar Steel Algoma’s insolvency proceedings. The 2,300-member nation says the first it heard about the proposed new dock system was from Anshumali Swivedi, chief executive officer of Port of Algoma Inc., which signed a unity pact two years ago with Garden River, Batchewana, Mississauga and Thessalon First Nations. Garden River says it’s never been consulted, accommodated or even notified of Algoma’s proposal…

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Four Tips on How to Rescue a Bankrupt Business

With distressed assets, one investor’s loss can be another’s gain. Robert Lomison has worked in the funeral business for nearly four decades, building his wealth buying mismanaged cemeteries and funeral homes. One of his standout acquisitions was a collection of struggling funeral homes and cemeteries in central Texas. Bruce Deifik saw a different opportunity to resurrect a business from the dead. He bought the Revel Casino in Atlantic City, which opened in 2012 but had fallen in and out of…

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Court declares Alma TV’s sole shareholder bankrupt, operations remain unaffected

Almaty Economy Court has declared Kazakhstan company Asset Invest bankrupt, reports Profit.kz. Asset Invest is a shareholder of the operator Alma Telecommunications Kazakhstan, which trades under the Alma TV brand. Asset Invest owes KZT 22 billion to Bank RBK and KZT 8 billion to Qazaq Banki.     Asset Invest is the only shareholder of Alma Telecommunications Kazakhstan, which claims that its telecoms activities will not be affected by its parent company’s bankruptcy, as the operator is a separate legal…

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Ruchi Soya insolvency: Adani Wilmar ineligible to bid, says Patanjali

Patanjali Ayurved has raised concerns about Adani Wilmar’s eligibility to bid for Ruchi Soya, which is facing insolvency and bankruptcy proceedings. Patanjali has, in a letter to Ruchi Soya’s lenders, cited Section 29A of the Insolvency and Bankruptcy Code (IBC). Since Business Standard has not seen the letter, it cannot verify the allegations raised. The Committee of Creditors (CoC) comprising the lenders met on Wednesday to discuss the bids…

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Montebello Rockfest to file for bankruptcy protection

Montebello Rockfest organizers announced Thursday they intend to file for bankruptcy protection. In a news release, the event organizers said they made the decision hoping it would allow the festival to restructure its operations and ensure its survival. “There is a strong commitment to find solutions, so that the festival will be held next year and in years to come,” said festival spokesperson Gilles Corriveau. The popular musical festival attracts about 200,000 concertgoers every year, according to its organizers. Event organizers said they’ll direct…

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This Day In Market History, June 21: Penn Central Bankruptcy

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 48 years ago, Penn Central filed for bankruptcy. Where The Market Was The Dow closed at 716.11. The S&P 500 traded at around 76.64. Today, the Dow is trading at 24,657.80 and the S&P 500 is trading at 2,767.32. What Else Was Going On In The World? In 1970, 43 nations signed the Nuclear Non-Proliferation Treaty aimed at…

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Abraaj, a private-equity firm, files for provisional liquidation

UNTIL recently the Abraaj Group, a private-equity firm based in Dubai, was riding high. It was one of just a few such firms focused on emerging markets, and a darling of “impact investors”, who seek social or environmental returns, not just financial ones. Assets under management of $13.6bn made it the largest private-equity firm in the Middle East, and the 42nd-largest globally in 2017. Its Pakistani founder and boss, Arif Naqvi, a regular at Davos and a patron of the…

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Could Diocese of Providence Declare Bankruptcy — Now Facing Exposure to Tens of Millions

Email to a friend Permalink Thursday, June 21, 2018 GoLocalProv News Team   Bishop Thomas Tobin The very idea that the Diocese of Providence could file for bankruptcy seems absurd as it historically has been one of the most influential and wealthy institutions in Rhode Island. If it did file for bankruptcy it would not be the first Diocese in the United States to file for bankruptcy to avoid financial claims. Today, the Diocese of Providence is facing a massive…

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