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Greek coalition partner backs down over EU Crisis
Eurozone finance ministers have demanded written commitments from Athens on austerity measures and structural reforms before releasing an instalment of eight billion euros ($A10.82 billion) from a May 2010 bailout deal. The funds are all that stands
Updated: 11/20/2011 07:35P
VINCENT MARTIN calls for a more enlightened legal approach to repossession and
Any proposed change to the bankruptcy code must deal with the issue of personal mortgage debt. There should be a distinct move away from the adversarial system which is part of traditional litigation. Elements of collaborative law, which has spread
Updated: 11/20/2011 07:34P
MERRY KERRY KATONA PAYS IN FULL
KERRY Katona has freed herself from the burden of bankruptcy after a three-year struggle. The troubled former singer, 31, has repaid the remainder of her huge debts, which at one point reached £417000, with her £350000 appearance fee from this year's
Updated: 11/20/2011 07:03P
With credit, comes responsibility
That more young Malay-sians have fallen into the bankruptcy pit is a cause for concern, but any measure to halt the decline cannot be a blanket one affecting other elements that are functioning correctly. Recently, credit cards and
Updated: 11/20/2011 07:00P
MF Global Customers Hope for Funds
Most of the company's ex-customers now expect to get at least some of their missing money, after a bankruptcy court judge on Thursday unlocked access to 60% of the cash in thousands of MF Global accounts. Some MF Global customers remain in limbo over
Updated: 11/20/2011 06:55P
Insight:Anger mounts as MF Global clients see US$3bln
While authorities have touted the fact that they are returning 60 percent of the collateral and cash that had been frozen in the wake of the broker's October 31 bankruptcy, a closer look shows that in fact only about 40 percent of customers' total
Updated: 11/20/2011 06:44P
Crystal Cathedral prays for miracle to stop sale
On Thursday, a US bankruptcy judge ruled that the Diocese of Orange would be able to purchase the 40-acre Crystal Cathedral campus for $57.5 million. In his decision, Bankruptcy Judge Robert Kwan in Santa Ana rejected a higher offer of $59 million from
Updated: 11/20/2011 06:13P
Saab postpones creditor meeting as talks with Chinese continue
Saab is still working with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. to keep the company out of bankruptcy. But with no final deal in place, Saab has decided to delay a November 22 meeting with
Updated: 11/20/2011 06:08P
Ind. municipal bankruptcy bill unlikely to get another shot
A controversial new Michigan law enabled Emergency Financial Manager Joe Harris to sideline Benton Harbor's elected officials and limit their actions to convening city commission meetings and then adjourning. Unlike Michigan, where the governor decides
Updated: 11/20/2011 05:41P
Loyal Olympus workers feel betrayal over accounting scandal
The 92-year-old camera and medical equipment maker, engulfed by a huge accounting scandal, is typical of the big Japanese firms that for decades offered life-long jobs in return for loyalty and hard work. That system has frayed in recent years,
Updated: 11/20/2011 05:26P
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