Latest Insolvency News

Victorian building company Watersun Homes goes into voluntary administration – ABC Online - February 28, 2017

ABC Online Victorian building company Watersun Homes goes into voluntary administration ABC Online The insolvency firm said 90 full-time staff at the company had been told they had lost their jobs, and 300 building projects across the state were now in limbo. Sarah Sims and her husband signed a cont.

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Emas Chiyoda Subsea files for bankruptcy – Splash 247 - February 28, 2017

Splash 247 Emas Chiyoda Subsea files for bankruptcy Splash 247 Emas Chiyoda Subsea (ECS) has filed a voluntary petition for bankruptcy in the United States Bankruptcy Court in Houston, Texas, bringing an end to the ill-fated joint venture between Singapore's Ezra Holdings and Japanese companies.

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FACTBOX-How Peabody Energy plans to pay big bankruptcy exit bonuses – Reuters - February 28, 2017

The Fiscal Times FACTBOX-How Peabody Energy plans to pay big bankruptcy exit bonuses Reuters Name Title Peabody's Shareholders' estimate estimate Glenn Kellow President $15 mln $43.5 mln and CEO Charles Meintjes President, $5 mln $14.5 mln Australia Kemal Williamson President, $5 mln $14.5.

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Rig firm Seadrill says may file for Chapter 11 bankruptcy – Nasdaq - February 28, 2017

Rig firm Seadrill says may file for Chapter 11 bankruptcy Nasdaq OL>, battling with $14 billion in debt and liabilities, said on Tuesday it may have to file for Chapter 11 bankruptcy protection if it fails to reach a restructuring agreement with its lenders. Once the crown jewel in the empire of .

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Coal revival means big stock bonuses at bankrupt Peabody – Reuters - February 28, 2017

Reuters Coal revival means big stock bonuses at bankrupt Peabody Reuters Now, CEO Glenn Kellow and other top executives stand to reap tens of millions of dollars in stock bonuses under Peabody's bankruptcy exit plan, which sets aside 10 percent of newly minted shares for employees. The executiv.

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Stone Energy closes sale, emerging from bankruptcy – Kallanish Energy (subscription) - February 28, 2017

Stone Energy closes sale, emerging from bankruptcy Kallanish Energy (subscription) 15, 2017, by the U.S. Bankruptcy Court for the Southern District of Texas. The company currently expects the plan to become effective today, at which point Stone and its debtor affiliates will emerge from bankruptcy. .

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