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Greece to get new leader
Former European Central Bank vice-president Lucas Papademos is expected to head a transitional Greek government as the country looks to evade bankruptcy. Greece's two main political parties have made progress on naming a new premier and crisis
Updated: 11/08/2011 04:19A
BIS announces new bankruptcy proposals
Proposals to introduce a better application system for bankruptcy and company windings up have been announced by business minister Edward Davey. The government says it wants to see a more efficient service for all parties and hopes the new proposals
Updated: 11/08/2011 04:15A
Personal insolvencies down 11%
Looking at a breakdown of the overall number of insolvencies, 9567 people entered bankruptcy between July-September 2011, a significant fall from the previous quarter (11113). This also marks a 31.2% decrease from 2010's third quarter,
Updated: 11/08/2011 04:11A
Written Ministerial Statement
The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Mr Edward Davey): We are today launching a consultation about bankruptcy and company winding up. The consultation document sets out detailed proposals to reform the
Updated: 11/08/2011 03:46A
Delaware's path to fiscal responsibility
Runaway spending, massive government debt, a severely stressed economy and a state facing bankruptcy -- that was Delaware over 30 years ago. In response to the financial crisis of 30 years ago, Delaware became one of the first states to adopt a
Updated: 11/08/2011 03:46A
JAL returns to profit, after bankruptcy
TOKYO: Japan Airlines said today its first half net profit reached US$1.25 billion, thanks to aggressive restructuring efforts after completing its bankruptcy proceedings. JAL posted a net profit of 97.4 billion yen (US$1.25 billion) for the six months
Updated: 11/08/2011 03:43A
JAL returns to profit in 1H, after bankruptcy
profit of 140 billion yen on sales of 1.15 trillion yen. JAL however said its business outlook for the third and fourth quarters remained 'unclear' due to the Greek and eurozone debt crisis, the flooding in Thailand and volatile foreign exchange.
Updated: 11/08/2011 03:37A
Joan Burton and banks clash on 3-year bankruptcy deal
She said people should be able to emerge from a personal bankruptcy process -- that includes mortgage debt -- within three years. The Central Bank fears that including mortgages in new personal insolvency laws will lead to a surge of people walking
Updated: 11/08/2011 03:36A
Greece to get New leadership
Former European Central Bank vice-president Lucas Papademos is expected to head a transitional Greek government as the country looks to avoid bankruptcy. Greece's two main political parties have made progress on naming a new premier and crisis
Updated: 11/08/2011 03:26A
New twist in Tribune case could benefit Zell
CHICAGO -- For nearly three years, the various combatants in the Tribune Co. bankruptcy case haven't been able to agree on much. But few would have anticipated that claims held by Chicago billionaire Sam Zell against
Updated: 11/08/2011 03:24A
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