Page 5 - American Chapter News Today

A Delaware bankruptcy judge ordered a report Friday on Canadian insolvency proceedings for Crystallex International Corp. after stockholders said their objections went nowhere in Canada and sought appointment of an examiner and independent counsel via the American Chapter 15 portion of the case.

An open house will be held at the Escondido Veterans Memorial Building Oct. 7 to introduce the community to the various nonprofit veteran and military support groups that gather in the building

If we get our acts together, educate our children to global standards, we could create a Yoruba regional miracle within the continent with the rapidly growing workforce. Our fathers say the war does not affect the wise cripple. How we prepare for the coming population boom is the single most important long-term challenge we face. We have to reform the use of land. Bí ekòló bá júbà ilè, ilè á la’nu. Bí omodé bá mo’wó wè á bá àgbà jeun. Ìbà Olorun, ìbà ènìyàn. Ìbà e...

Two Indian American professors have been named by the National Academies of Sciences, Engineering and Medicine among the 2020-2021 Jefferson Science Fellows. Supriyo Bandyopadhyay, Commonwealth Professor at Virginia Commonwealth University, directs the quantum device laboratory in the department of electrical and computer engineering, while Surajit Sen is a professor at the State University of New York at Buffalo since 2006. The 2020-2021 class of Jefferson Science Fellows is the 16th class of ...

Mingtiandi Username The Westin Sacramento is among the entities filing for Chapter 11 Eagle Hospitality Trust took another step towards liquidation today as the Singapore-listed REIT revealed that 27 entities within its portfolio have filed for bankruptcy in the US. In a filing to the SGX, DBS Trustee, which is looking after the REIT after its manager was dismissed by regulators late last year, listed the bankruptcies, which are mostly associated with US properties held through the trust. The t...

Nonprofit founder chooses joy and speaks life to veterans in Orange County Owner Penny Lambright stands next to the “Leave Your Burden Behind” wall, a white picket fence where veterans leave messages, at Patriots and Paws in Anaheim. Lambright spent her $125,000 inheritance on starting a nonprofit to help veterans, who show up throughout the day to pick up home furnishings. (Kevin Chang / Staff Photographer) When Penny Lambright was a kid, the youngest of five siblings, her family c...

However, most car factories need to produce at least 200,000 cars per year to remain viable. After Mahindra was unable to offload its shareholding, Ssangyong filed for bankruptcy on 21 December 2020, owing 315.3 billion won ($US285 million) in overdue debt to several financial institutions, a week after their deadline for payment had passed.   The Reuters news agency reported that, among the financial institutions owed money, about 30 billion won was owed to Bank of America, 20 billion won to ...

- shares Struggling South Korean car maker SsangYong says it is “business as usual” and will continue to sell and service cars in Australia – despite filing for bankruptcy just days prior to Christmas 2020. SsangYong has been in financial pain for years and Indian conglomerate Mahindra and Mahindra had been trying to sell its majority shareholding in the company over the past six months. Mahindra bought a 70 per cent stake in SsangYong in 2011 for US$463.6 million – also saving it from ...

SsangYong continues trading after bankruptcy filing, with business as usual for Australia 23 Dec 2020 • 4 min read The SsangYong Motor Company will continue to operate as normally around the world – including in Australia – after it has secured protection under South Korea’s bankruptcy administration process. This comes after the South Korean arm of Indian industrial giant Mahindra and Mahindra (M&M) filed for bankruptcy on Monday December 22, following the failure to meet accumulating ...

SsangYong still trading amid bankruptcy threat SsangYong still trading amid bankruptcy threat December 23, 2020 ‘Business as usual’ in Australia as Korean car-maker seeks court protection SsangYong has moved to reassure Australian vehicle owners and prospective buyers that it is business as usual for the time being after the South Korean car-maker filed for court protection from bankruptcy this week. Coming six months after SsangYong Motor’s parent Mahindra revealed that it was looking to...