Bankruptcy

Bankruptcy issue in Plymouth race

Bankruptcy issue in Plymouth race Challenger tells of surviving personal crisis October 21, 2017 – Local, Top Stories – Tagged: Naugatuck Valley Community College, Plymouth, State budget, Taxes, terryville Towns: Bristol CT , Greater Waterbury , Lower Valley , Naugatuck CT , Plymouth CT – BY JACQUELINE STOUGHTON REPUBLICAN-AMERICAN PLYMOUTH – Pattie DeHuff describes filing for bankruptcy in 2005 as a humiliating, humbling and sobering experience, but she doesn’t believe it disqualifies her from being the town’s next mayor. “It’s…

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England opponents Samoa close to ‘filing for bankruptcy’

Samoa are close to filing for bankruptcy before November Test against England The national team’s future is under serious threat from mounting debts of £1m The Pacific Island nation issued a plea for help from the world of rugby  By Nik Simon For The Mail On Sunday Published: 17:30 EDT, 21 October 2017 | Updated: 18:21 EDT, 21 October 2017 Samoa are close to filing for bankruptcy ahead of next month’s Test against England. CEO Vincent Fepuleai told the Mail…

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O’Fallon, Mo., couple gets probation for concealing assets during bankruptcy | Law and order

ST. LOUIS • An O’Fallon, Mo., couple who concealed assets during their bankruptcy was each sentenced Friday to probation. David Nguyen, 61, and Mung Nguyen, 55, bought more than $120,000 in clothing, jewelry, household goods and furnishings in 2014 and made credit card cash withdrawals of at least $46,000, their plea agreements say. But then they filed for bankruptcy on March 30, 2015, they said they had clothing worth $300, furniture worth $500 and electronics worth $300. They also failed to…

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Creditors win closely watched appeal in Momentive bankruptcy

WILMINGTON, Del. (Reuters) – A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders. The ruling by the 2nd U.S. Circuit Court of Appeals found the U.S. Bankruptcy Court in White Plains, New York, erred by not using market rates to determine the interest paid on new notes Momentive…

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Estonian ‘Dumpling King’ Goes Bankrupt Due to Anti-Russian Sanctions

Europe 17:44 20.10.2017(updated 18:16 20.10.2017) Get short URL An Estonian court has declared the owner of one of the country’s largest meat processing companies bankrupt. Alexander Musarov, once known as Estonia’s ‘pelmeni king’, got into trouble with creditors and the taxman after his business with neighboring Russia dried up due to the ongoing sanctions war between Moscow and the West. According to Sputnik Estonia, the bankruptcy decision was made last week, but only reported on by local business media on Thursday. Musarov previously…

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Goodbye Romano’s Macaroni Grill? Owner files for bankruptcy protection 

Caption +The owner of Romano’s Macaroni Grill filed for Chapter 11 bankruptcy protection Wednesday. (Photo courtesy of Romano’s Macaroni Grill/Facebook) NEW YORK — The owner of Romano’s Macaroni Grill filed for Chapter 11 bankruptcy protection Wednesday, blaming its falling fortunes on the changing tastes of diners who increasingly don’t want to eat at sit-down restaurant chains. Romano’s Macaroni Grill and its rivals have been losing customers to cheaper and faster chains. At the same time, younger customers prefer to dine…

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Toys “R” Us sets sights on Asian market amid North American bankruptcy

By Vinicy Chan Jodi Xu KleinBloombergRuth David Tues., Oct. 17, 2017 Toys “R” Us Inc., the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business, including a potential initial public offering, people with knowledge of the matter said. The U.S. chain and its local joint venture partner, the billionaire Fung brothers, have been speaking with investment banks to study the feasibility of listing the Asian business on the Hong Kong bourse, according…

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Bankruptcy law: Make bankruptcy law accountable, not time-bound: Kroll

MUMBAI: The tight deadlines to resolve issues of distressed companies under the new law of bankruptcy is likely to sideline the issue of criminal culpability of founders and stakeholders in fraud, US-based risk consulting firm Kroll has cautioned. Kroll red-flagged the narrow focus of resolution professionals (RPs) in managing distressed assets and said without accountability “the entire process is going to become a legalised and formal way of writing off fraud.” Much like regularisation of encroachments in urban areas. “Unfortunately…

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Startup Stayzilla suffers setback, NCLAT junks plea against insolvency order

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by beleaguered homestay start-up Stayzilla against the insolvency process order by the Chennai bench of NCLT. The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by beleaguered homestay start-up Stayzilla against the insolvency process order by the Chennai bench of NCLT. The NCLAT bench comprising justice SJ Mukhopadhaya, chairperson, justice AIS Cheema, member (judicial) and Balvinder Singh, member (technical), ruled that the bench found no merit in…

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Island Air Files For Bankruptcy Protection

Interisland Air Service to Continue as Normal Hawaii Island Air, Inc. (Island Air) announced has filed for Chapter 11 bankruptcy protection in an effort to continue normal operations while navigating through legal challenges recently presented by the lessors of its aircraft. According to officials, the bankruptcy filing was caused by threats of legal action to ground the aircraft and strand hundreds of passengers. The filing prevents the threatened action and allows Island Air to continue interisland service for its customers.…

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Consumer Bankruptcy Pinnacle – Certification by the American Bankruptcy Board. – Bankruptcy News Today

Philadelphia, PA USA Law Firm’s Co Founder and Senior Partner again receives Consumer Bankruptcy certification from the American Board of Certification This certification is important to me. If I needed help with consumer bankruptcy I wouldn’t use an attorney that hasn’t stepped up and taken the time to get certified. It’s the right thing to do!” — Michael A. Cataldo, Co-Founder PHILADELPHIA, PA, UNITED STATES OF AMERICA, October 17, 2017 /EINPresswire.com/ — Michael A. Cataldo, Esquire, Co-founder of the esteemed…

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Year-on-year 14% rise in personal insolvencies in Wales

Image copyright PA Image caption Spiralling debt has led to “record numbers” of people seeking help, says a charity The number of people declared insolvent in Wales rose by more than 14% last year, latest figures have revealed. The increase prompted stern warnings from debt advice groups, who said their debt caseload was at “record levels”. Citizens Advice Cymru said they were concerned about debt levels among the 18-25 age group in particular. The figures show regional variations across Wales,…

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