Highlights of Credit and Finance

July, 2015

A New Chapter In The Swissair Insolvency Proceedings In Switzerland

1. Encounter Swissair, the previous Swiss nationwide air carrier group, is now more notorious for its long enduringlong-term insolvency procedures. The proceedings incorporate distinct proceedings over a number of business of the previous group (SAirLines AG, SAirGroup AG, Swissair Schweizerische Luftverkehr AG and Flightlease AG). In the very first half of 2014, the Swiss Federal […]


Peter Boutell, Lending A Hand: Can You Certify For A Mortgage?

By Peter Boutell Lending a Hand As I have said right here many times, qualifying for a home mortgage today is easier than it was Three Decade ago because today a homebuyer can not only purchase a house with as little as 3 percent down but can also spend more of his/her earnings on the […]


Court Ruling Reins In Accessory Orders

THE Western Cape High Court proclaimed emolument accessory orders by unsecured lenders invalid on Wednesday in a landmark judgment that could curb the issuing of such orders by other lenders.Judge Siraj Desai also stated specific areas of the Magistrates Court Act dealing with the issuing of the orders were unconstitutional. He ordered that creditors may […]


You Can Only Submit Entirely New Text For Analysis Once Every 7 Seconds.


Second Home Mortgages Can Not Be Voided In Chapter 7 Bankruptcy Procedures

In a post-housing crisis economy, numerous property owners, dealing with a plunge in house values, discovered themselves caught in houses that are worth less than the amount they owe bank. Those property owners have actually sought refuge in Chapter 7 bankruptcy procedures, attempting to strip down the very first home mortgage and leaving lots of […]


Italy Modifies Bankruptcy Act And Other Laws To Facilitate Restructurings And …

On 23 June 2015, the Italian Cabinet approved Law Decree No. 83 which changes Royal Decree No. 267 16 March 1942 (the Bankruptcy Act), the civil code and the code of civil procedure, and certain tax arrangements (the Decree). The modifications intend to facilitate financial obligation restructurings, support distressed companies in their turnaround attempts, and […]


Mexican Homebuilder Homex Emerges From Bankruptcy Procedures

MEXICO CITY, July 9 Mexican homebuilder Homex on Thursday said it had actually emerged from bankruptcy procedures and anticipated resuming business operations.A court in Culiacan approved the companys bankruptcy strategy,. the business stated in a statement. In May, Homex revealed it had. agreed a deal with lenders to restructure its debt. Homex, whose shares have […]


Previous Executive Chairman Of Sefton Resources Attempts To Require Company Into …

The Company has actually formerly announced that James Ellerton (Seftons former Executive Chairman) started legal proceedings in the State of Colorado versus the Company in May 2015. Additionally to the announcement of 25 June 2015, the Business was notified yesterday that Mr. Ellerton submitted an Involuntary Petition under Chapter 7 of the United States Bankruptcy […]


Bulldozer Concerns Demolish Deerfield Beach Eyesore – Sun Sentinel

Records reveal the property has actually remained in distress for almost One Decade. Now valued at $2.2 million by the Broward County Commercial propertyReal estate tax Appraisers Workplace, it was sold in both 2006 and 2012 for $100, in between different entities of the same business, and afterwards for $45,100 to BancShares Realty.BancShares Real estate […]


BRIEF-Screen Service Bankruptcy Proceedings Postponed To Nov. 11

July 8 Screen Service Broadcasting Technologies Medspa * Says court postponed companys bankruptcy proceedings to Nov. 11 Source text: 1NOsGD3. Further business coverage:. (Gdynia Newsroom)


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