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Cameron Unveils Tory Plans for US "Chapter 11" Insolvency Rules
A proposal by Conservative leader, David Cameron, to introduce US-Style insolvency rules has come into criticism by corporate recovery specialists. In the US, "Chapter 11" requires that a struggling company may...Leeds eye 'fantastic achievement'
Let's not get too far ahead, it needs to be won first, but if they hadn't had the 15 point deduction, they would be one point behind Swansea in an automatic promotion place, and nine ahead of Forest, who go up....Gills chief blasts Bates comments
" Gills chief blasts Bates comments Gillingham chairman Paul Scally has hit out at Ken Bates after comments from his Leeds counterpart ahead of United's 2-1 win against the relegated Gills.Bates...Leeds set to hear points verdict
Leeds will have to settle for the play-offs."Leeds points appeal unsuccessful McAllister's side head for the play-offs after Thursday's verdict Leeds United have failed in their bid to claim back the 15 points they were deducted by the Football League. The decision by...
Bear Stearns report causes credit market panic
Panic swept the credit markets on reports of an insolvency crunch at both the US investment bank Bear Stearns and the mortgage giant Fannie Mae, triggering a dramatic surge in default insurance and rumours of yet another emergency rate cut by the US Federal Reserve. Bear Stearns Shares Fall on Liquidity Speculation
The bad news continues..."March 10 (Bloomberg) -- Bear Stearns Cos. fell 9.3 percent in New York trading, the most since 1998, on speculation the company lacks sufficient access to capital. Bear Stearns,...SUB PRIME SHOCK HITS UK
2008 will see open season on interest rates for 80,000 homeowners in the UK. Borrowers face a 11.25% mortgage rate if they stay with their existing lender, once their intorductory rate ends next...Single Adult's Life Savings - Targets Of Dating Fraudsters
"A new type of fraudster is sapping many single adult’s life savings, and even driving them into insolvency. These insidious fraudsters hit their victims from dating sites. They earn their victim’s confidence and learn whether they own a nice house, discover their...
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