Of particular note, clause 20 of the above-mentioned bill provides that, while it is in effect, no bankruptcy petition should be brought against a debtor unless the total debt under the petition amounts to MYR100,000 (USD24,125), up from the previous amount of MYR50,000. The Insolvency ...
Chinese officials have told me that they don’t expect the US dollar really to go down. They’re reducing their holdings of dollars in favor of gold and other foreign currencies, but they still hold enormous amounts of dollars because they expect them essentially to remain a strong currency....
Around 23,000 unpaid ticket refunds amount to JPY520 million (USD5 million), which the carrier pledged to repay by November 30. AirAsia Japan had 280 employees as of October 5, but all but 50 were dismissed on November 4. In an expansive separate statement issued on the same day, ...
R&H also has two locations in India, one in Malaysia and one in Taiwan, under separate corporations owned by the same principals as the main company. “At this time there is no plan to change anything about those facilities once we come out of bankruptcy,” said R&H principa...
the composition of bankruptcies transformed, dominated by formal business firms—in particular by small joint-stock companies. In a relative sense, joint-stock companies are today over-represented in the Swedish bankruptcy statistics, while personal bankruptcies amount to around 6–7% per year of the...
Bofors, Quattrochi etc amount to peanuts in comparison. No less a personage than the Finance Minister of India, P Chidambaram, has openly praised the potential of this financial scheme. And he has done so in no less an open and transparent place than his latest Budget Speech to Parliament ...
(1.1 and 1.2), the relationship between leverage and reporting delays can be considered insignificant, leading to the acceptance of H4. Still, it must be acknowledged, that in Model 1.3, including the largest amount of control variables, leverage was significant, which could be caused by some ...
Corporate Failure: In economic terms, failure indicates that, for a certain amount of risk, the invested amount in return is lower (both in significance and duration) than the usual returns on similar investments. Other economic criteria that have been used to describe the term include insufficien...