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Highlights of Credit and Finance

Bankruptcy Proceedings

Palmaz Scientific Founders, Board Taken Legal Action Against By Insolvency Trustee

Atrustee inthe personal bankruptcy procedures forPalmaz Scientific Inc.last week sued its founders as well as participants of its board, affirming that they robbed the business before proclaiming bankruptcy in 2015. Co-founded by coronary stent pioneer Dr. Julio Palmaz and also CEO Steven Solomon in 2008 to market Palmaz’s suggestions, PSIraised concerning $40 million before pullingdisengaging […]

 

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Amendments To The Federal Rules Of Bankruptcy Treatment Take EffectWork December 1, 2016

Just aboutPractically yearly changes are made to the policies that regulate just how personal bankruptcy cases are handled– the Federal Regulations of Personal bankruptcy Procedure. The revisions address issues recognized by an Advisory Board composed of federal courts, insolvency attorneys, and others. Secret Policy Changes. This year the rule amendments attend to the proceeding impact […]

 

Court To DetermineChoose Bankruptcy Of Brazil’s Oi Dutch Systems In January

SAO PAULO Dec 2 Brazilian telephone firm Oi SA, which is under creditor defense, stated court administrators had actually submitted a petition in an Amsterdam court to convert the suspension of repayment standing of two Oi subsidiaries right into bankruptcy.Earlier this week, Oi stated that Dutch judicial authorities might enforce insolvency process on the Netherlands-based […]

 

Regulators Settle Scams Complaint Against Contura Officers

The Belle Ayr Mine, owned by Alpha Natural Resources, stands Jan. 21 near Gillette. Contura Energy, a spinoff of Alpha Natural Resources, and West Virginia regulators were recently at odds over liabilities not disclosed throughout Alpha’s personal bankruptcy procedures.

 

Brazil’s Oi States Dutch Systems May Enter Personal Bankruptcy Proceedings

SAO PAULO Brazilian phone carrier Oi SA said on Tuesday that Dutch judicial authorities could oblige personal bankruptcy proceedings for its 2 Netherlands-based units, which hold many of the companys bond debt.Oi said in a securities filing that it hoped that a bankruptcy procedure in the Netherlands, must it take locationoccur, would have no meaningful […]

 

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