Latest News for: Bankrupt assets


Failed Limetree refinery bidder calls winning bid 'disguised liquidation'

Reuters 03 Dec 2021
Dec 2 (Reuters) - One of the bidders for the bankrupt Limetree Bay refinery objected to the winning bid in court this week, arguing the new company, which said it wants to restart the Caribbean facility, really wants to liquidate its assets. Bankrupt Limetree Bay officially named St.

Bankrupt Sintex Industries' stocks double after RIL bid

Sify 30 Nov 2021
The stocks of Sintex Industries have been rising ever since Reliance Industries emerged as one of the bidders who showed interest to acquire the bankrupt firm.

Garuda Airlines rocked by financial turbulence

Asiatimes 30 Nov 2021
Officials acknowledge it is technically bankrupt, with current assets valued at $6.9 billion, but it must keep operating to fulfill its state-imposed mission obligations ... role of national carrier if the government’s restructuring plans fail and the airline is declared bankrupt.

Bankrupt Sintex Industries’ stocks double after RIL bid

The Siasat Daily 29 Nov 2021
The stocks of Sintex Industries have been rising ever since Reliance Industries emerged as one of the bidders who showed interest to acquire the bankrupt firm. As per reports, Reliance Industries, ARES Capital-backed Assets ...

Man who sought to conceal interest in €5m Dalkey property has bankruptcy extended

The Irish Times 26 Nov 2021
A year later the official assignee to the bankrupt’s property filed a motion seeking to extend the bankruptcy on grounds of non-cooperation and failure to disclose assets ... bankrupt’s obligation to cooperate fully and disclose everything in relation to assets is strictly enforced”.

Evergrande’s bankruptcy still just a matter of time

Asiatimes 23 Nov 2021
The potential for China’s Evergrande Group to finally go bankrupt is still high despite recent progress made in selling assets and paying down debts, analysts and commentators say ... Photo. AFP / Stringer / Imaginechina ... Photo ... It is still unclear whether Evergrande would be able to boost its contracted sales or sell more assets in the coming few months.

Salmon Arm financial advisor fined $50K, banned from trading for 12 years

Info News 21 Nov 2021
A Salmon Arm financial advisor has been fined $50,000 and prohibited from trading or purchasing securities for 12 years ... The securities commission decision on Nov ... It's unclear how Mushaluk will make the payment as the decision states he went bankrupt in May 2018 and has no significant assets.

Court reserves ruling on Mittal bankruptcy

The Times of India 19 Nov 2021
... appointed to investigate his assets ... The focus of the trustee in bankruptcy is to realise the assets of the estate and distribute those realisations to its proven creditors. Bankrupt individuals must co-operate with the trustee and provide them with the information they ask for.

Understanding the different stock types is important when choosing which to include in your portfolio

Business Insider 19 Nov 2021
When it comes to a company’s stock, not all shares are not created equal. fizkes/Getty The main stock types are common and preferred, each of which has benefits and drawbacks ... What are the two main kinds of stocks? ... Additionally, if a company goes bankrupt or liquidates its assets, preferred shareholders get paid out before holders of common shares.

Captain H. Terry Crowell, age 85, of Salado died Thursday, November 11

TDT News 18 Nov 2021
Captain H. Terry Crowell. Captain H ... Terry was born in Montezuma, Georgia on December 19, 1935 to Terry Crowell and Willodean Davis Crowell ... In 1991 Pan American went bankrupt and ceased operations in December 1991. At that time Pan American transferred much of their assets to Delta Air Lines and Terry moved on to Delta Air Lines ... Paid Obituary ....

Netflix is worth more than Disney. How the Mouse can bounce back

The Los Angeles Times 16 Nov 2021
This is the Nov. 16, 2021, edition of the Wide Shot, a weekly newsletter about everything happening in the business of entertainment ... Advertisement ... 25 ... Again ... MoviePass co-founder Stacy Spikes, who was ousted shortly after Helios and Matheson took it over, has acquired the bankrupt company’s assets and is planning a relaunch in 2022, Insider reported.

Lufthansa Finishes Repaying German Government Aid Back

Simple Flying 12 Nov 2021
German flag carrier Lufthansa has repaid in full its €9 billion ($10 billion) loan under the German government’s Economic Stabilization Fund (ESF) ... Lufthansa’s loan is all paid off. Photo. Vincenzo Pace . Simple Flying ... Indeed, he said at one point that he would rather have the airline go bankrupt than allow it to become a state asset ... Photo ... Photo.

Next-generation DEX: A look at the many features the Peerplays DEX offers

CryptoNinjas 11 Nov 2021
So your crypto becomes the target of hackers, the lunch of exit-scammers, or the escape money of bankrupt exchanges on the brink of ruin! ... Your assets are always right in front of you ... We are committed to adding more popular assets in future updates so that you can enjoy them on this decentralized exchange too.

Seán FitzPatrick timeline: from a dairy farmer’s son to Anglo chief

The Irish Times 09 Nov 2021
June 1948 - Seán FitzPatrick is born to dairy farmer, Michael, and civil servant months, Johanna, who already had a daughter, Joyce ... 1990s - Anglo emerges as a property specialist ... July 2010 - FitzPatrick is declared bankrupt with debts of €150 million and some €50 million of assets ... .

Govt to table amendments to IBC during budget session

Live Mint 08 Nov 2021
The next amendment will seek to “re-imagine" the Code to make it more effective in terms of its original goals, including time-bound resolution of bankrupt businesses and maximization of the value of the debtor’s assets ... The committee had suggested it was not always that bidders for bankrupt businesses may be interested in the entire business.