Latest News for: Bankrupt assets


UAE: I own a struggling business. Can I delay filing for bankruptcy?

Gulf News 14 Apr 2021
Bankruptcy is a legal process for liquidating what property and assets a debtor owns to pay off their debts. Insolvency is a financial state in which a person's (or company's) debts exceed their assets. Someone who's bankrupt is insolvent, but someone who's insolvent isn't necessarily bankrupt.

British court halts enforcement of Yukos legal settlement, saying Moscow has 'high chance' of successful ...

Russia Today 14 Apr 2021
The case was brought against the government in international courts seven years ago, with the oligarchs behind the bankrupted firm accusing the state of 'expropriating' the business' assets ... I don't care how these illegal assets were acquired.' They should care," Galperin said.

Spectrum under IBC cannot be used if govt dues not paid

Live Mint 13 Apr 2021
The appellate tribunal clarified that spectrum, which is an intangible asset of a telecom company, can be subjected to insolvency proceedings or liquidation ... However, a two-judge bench, headed by Justice S.Abdul Nazeer, said the decision was only for Aircel as the NCLT had already approved UV Asset Reconstruction Co.

CX Daily: Ant Group to Remake Itself to Fall in Line With Regulators

Caixin Online 13 Apr 2021
After China Huarong Asset Management Co ... on March 31 decided to suspend its share trading the next day, the market became awash in rumors that the company, one of the country’s four largest bad-asset managers, would be forced into restructuring or might even go bankrupt ... "Can Huarong go bankrupt?" Ling asks.

Opinion: Huarong Can’t Be Treated Like a Normal Company in Bankruptcy Restructuring

Caixin Online 12 Apr 2021
After China Huarong Asset Management Co ... on March 31 decided to suspend its share trading the next day, the market became awash in rumors that the company, one of the country’s four largest bad-asset managers, would be forced into restructuring or might even go bankrupt ... Can Huarong go bankrupt?.

What Happened To Ozark Air Lines?

Simple Flying 12 Apr 2021
Photo. ... A fourth was kept for spare parts ... Louis hub using 13 DC-3s ... However, competition from TWA, the airline’s original buyer, was too great, and the airline went bankrupt a year later. Its assets were sold to the now-defunct airline Great Plains Airlines based in Tulsa, Oklahoma, which served Krispy Kreme in the morning and Arby’s in the afternoon.

$USD Deathbed– IMF Introduces World Currency

Tap News 05 Apr 2021
That fateful day, when 4 billion people were given house arrest, they started a $4 Trillion ‘asset purchasing program’, basically allowing the bankrupt ‘institutions’ (it’s very sad Newspeak to call these plunder operations ...
photo: Creative Commons
Boeing plane

Reports Suggest Alitalia May Be Running Out Of Money And Luck

Simple Flying 02 Apr 2021
The two sides disagree on whether the newly-funded airline should receive Alitalia’s brand, assets, and key slots or purchase them at the market rate ... This would mean not using the name or any assets from the bankrupt airline and starting afresh ... The airline has been bankrupt since 2017 and only survives due to government loans.

Union announces strike for Brookwood miners at Warrior Met Coal

Tuscaloosa News 31 Mar 2021
Warrior Met Coal, formerly known as Coal Acquisition LLC, announced later that year that it was acquiring the assets of bankrupt Walter Energy, a Hoover-based company that owned the Jim Walter Resource coal mines in Tuscaloosa County ... the Alabama coal assets of Walter Energy Inc.

A Tale of two invalidations: Contract and Bankruptcy

Capital Ethiopia 29 Mar 2021
The creditor who gets some form of benefit(s) from the bankrupt debtor will be required to return it and will receive his claims in pro rata with other creditors, if there is any asset left after preferred creditors and claimants are paid ... The other function is maximization of asset ... This increases the asset of the bankrupt debtor.

Quinlan bankruptcy case set for June

Irish Independent 28 Mar 2021
According to BisNow, Maud was declared bankrupt last November. The bankruptcy was related to the Santander asset ... In 2019, Quinlan sued Edgeworth alleging its bankruptcy petition is in breach of an agreement he made with Edgeworth in 2011 regarding a debt he owes on the Santander asset ... Quinlan has denied breaching the 2011 agreement with the funds ... .

Failure to reform State pension age could cost up to €50bn

The Irish Times 28 Mar 2021
The Government has been warned that freezing the State pension age at 66 will cost the Exchequer up to €50 billion over the coming decades, according to a report in the Sunday Times ... Dolphin Trust scheme offered via Davy platform ... Regulator in touch with gardai over Davy ... Maud was subsequently declared bankrupt in relation to the asset ... .

Sink or Swim: Young People Are Often Choosing High-Risk Investments While Lacking Knowledge

Coin Idol 25 Mar 2021
Digital assets including Bitcoin (BTC) have a common feature called ‘volatility’ that makes it alluring and risky as an investment tool ... If poorly calculated, investing in bitcoin or any other asset with high volatility can leave a person totally bankrupt, homelessness, and escalate debt and financial strain.

DFA sale of two former Dean Foods plants complete

Capital Press 24 Mar 2021
The purchaser of both plants is a new partnership between New Dairy Opco, which acquired substantially all of the assets of bankrupt Borden Dairy Co., and Select Milk Producers ... ....

Does some value lurk in SA’s leisure stocks?

Moneyweb 23 Mar 2021
City Lodge ‘trades 80% less than the value of its assets, and that's what makes this one so interesting to me. I don't think it's going to go bankrupt’. Chantal Marx, head of research, FNB Wealth and Investments ... .