NEEDHAM, Mass.–(BUSINESS WIRE)–Streambank, LLC today announced that a bid deadline and auction date have been finalized for the sale of intellectual property assets of Whitehall Jewelers Holdings, Inc. Bids may be entered until 4 p.m. EDT, Thursday, September 10. The auction will commence Tuesday, September 15, at 10 a.m. EDT, at the office of Proskauer Rose LLP in New York. Qualified bidders may participate in the auction by phone. Continued…
Streambank Announces Bid Deadline and Auction Date for Whitehall Jewelers Intellectual Property Assets
Posted in BANKRUPTCY.
– 03/09/2009
PERSONAL FINANCE: FROM PHYSICAL intimidation to possible imprisonment
PERSONAL FINANCE: FROM PHYSICAL intimidation to possible imprisonment, debt has become a dangerous business. And our antiquated debt-enforcement laws and inadequate consumer protections are not helping, writes CAROLINE MADDEN Irishtimes.com
We’ve all heard the urban legends, such as the high-profile property developer who has had to hire bodyguards because a Polish contractor owed money by him sold his debt on to the Russian mafia. While this is at the extreme end of the spectrum, a criminal element has crept into the booming – and unregulated – debt-collection industry.
Notorious Dublin criminal Martin Continued…
Posted in FINANCIAL.
– 28/08/2009
The Need for an Insolvency Practitioner
For those who have little or no knowledge concerning the bankruptcy / Insolvency laws, then we would advise you of the need to look for a insolvency practitioner to help you understand your options.
When You Meet With an Insolvency Practitioner
There are many aspects of bankruptcy / insolvency that you may not Continued…
Posted in BANKRUPTCY, INSOLVENCY.
– 26/08/2009
Big money for small business, thanks to expat
Source: ONE News
A $3 million initiative established by an expat Kiwi businessman was launched by the Auckland Business School on Thursday night as a way of helping small and medium enterprises (SMEs) step up their growth.
The Bidwill Entrepreneur Challenge, funded by British based Charles Bidwell, will see a series of three $1 million loans given to the fund’s successful applicants to further their endeavours.
Business School dean Professor Greg Whittred says the money is not start-up cash, but a loan for companies that have been in business for a little while, with a likely turnover of around $2 million.
He says the loans will be made on favourable terms with an interest rate to be negotiated on a case by case basis.
Posted in BUSINESS NEWS.
– 24/08/2009
Focus DIY in insolvency deal to save 5,000 jobs
Cheshire-based chain needs 75% of creditors to back plan.
Creditors of the retail chain Focus DIY are expected tomorrow to approve a company voluntary arrangement (CVA), an insolvency process that will save the retailer from administration and protect 5,000 jobs.
The Cheshire-based chain needs 75% of creditors – mostly landlords – to back a plan put together by the accounting firm BDO Stoy Hayward. Continued…
Posted in INSOLVENCY.
– 24/08/2009
Will Terminator be back after producers’ bankruptcy and lawsuits?
FANS of the Terminator films are wondering about the future of the franchise after producers filed for bankruptcy in Los Angeles.
Three companies belonging to Derek Anderson and Victor Kubicek filed for Chapter 11 bankruptcy last Monday, according to the Los Angeles Times. Continued…
Posted in BANKRUPTCY.
– 24/08/2009
Teenage lottery millionaire who won £1.9m broke at 22
Former teenage lottery millionaire Callie Rogers is said to be facing bankruptcy after blowing all of her £1.9million jackpot.
However, Miss Rogers, 22, who is living with her mother and has taken three cleaning jobs to make ends meet, claims she is glad to be poor. Continued…
Posted in BANKRUPTCY.
– 24/08/2009
Billionaire Joins The Bankruptcy Bid
KANSAS CITY, Mo. – One of the richest men in the United States has entered the convenience store industry. After six months of bankruptcy court hearings and dueling lawsuits between the previous owners, Crescent Oil Co. stores are now in the hands of a new owner, an investment trust called Florida Sunshine Investments I Inc. and its major investor Jeff Greene, No. 355 on the 2008 Forbes 400 list of the richest Americans. Continued…
Posted in BANKRUPTCY.
– 24/08/2009
Europeans Come To UK To Declare Bankruptcy
Alan O’Sullivan, This is Money
The UK is at risk of bankruptcy tourism as indebted people turn to Britain to take advantage of its leniency, an insolvency expert claims.
The practice, termed ‘forum shopping’, involves potential bankrupts from other European countries setting up a temporary address in Britain and filing for bankruptcy here, where they may be debt-free after only one year.
Posted in BANKRUPTCY.
– 24/08/2009
Proven Advice To Freeze Your Interest Rates And Reduce Your Monthly Payments — From The Experts
Kiran Mistry senior partner with WMProserv a firm of Insolvency practitioners and Accountants say’s with the credit crunch biting in deeper than ever people are getting into financial difficulties. Many believe that the only way out of their situation is through formal court proceedings such as an Individual Voluntary Arrangement or even a bankruptcy order. The reality is that there are other choices open to you and “debt management” is one such option. There are many advantages to this method over other debt solutions. Continued…
Posted in BANKRUPTCY.
– 20/08/2009
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