Pmf Legal Blog

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/16/homebuilder-tousa-eyes-liquidation-amid-sluggish-market.aspx 05/16/2013 05:08:23 PM EST Homebuilder TOUSA Eyes Liquidation Amid Sluggish Market Posted by Law360: Bankruptcy Bankrupt Florida homebuilder TOUSA Inc. on Thursday asked a Florida bankruptcy court to approve the disclosure statement for its liquidation plan, saying it has abandoned any hope of reorganization after enduring ongoing litigation and a difficult housing market. Read… Continue Reading

http://newsok.com/golf-usa-seeks-bankruptcy-protection/article/3815275?custom_click=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+newsok%2Fbusiness+%28NewsOK.com+RSS+-+business%29 Golf USA seeks bankruptcy protection The Oklahoma City-based sports equipment franchiser declares less than $50,000 in assets, and more than $500,000 in debts. By Brianna Bailey | Published: May 16, 2013 Oklahoma City-based sports equipment franchiser Golf USA Inc. has filed for Chapter 11 bankruptcy protection on the eve of a court hearing to… Continue Reading

http://www.corrs.com.au/publications/corrs-in-brief/unfair-contract-terms-protection-extended-to-general-insurance-contracts/ Unfair contract terms protection extended to general insurance contracts 16th May 2013 By Ayman Guirguis (Partner), Jackie Mortensen (Senior Associate) & Kerri Watson (Graduate Lawyer) The unfair contracts terms regime is being extended to all general insurance contracts (other than contracts for life insurance). Companies should commence implementing amendments to contracts and updating compliance… Continue Reading

http://www.canberratimes.com.au/business/watch-project-sale-for-clues-on-developers-share-price-20130515-2jmym.html Watch project sale for clues on developer’s share price Matthew Kidman | May 16, 2013 Those investors who ploughed money into the devastated listed property market in 2009 have made enough to retire on. While the low-hanging fruit has disappeared, there are still some opportunities in the sector worth investigating. Villa World Last year… Continue Reading

http://online.barrons.com/article/SB10001424127887324767004578486930489848880.html?mod=rss_law&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7091+%28WSJ.com%3A+Law%29&utm_content=Google+Reader Pilot Truck-Stop CEO Pleads: Don’t Sue Us By VALERIE BAUERLEIN and BETSY MORRIS | MORE ARTICLES BY AUTHOR |THURSDAY, MAY 16, 2013 INDIANAPOLIS—Embattled Pilot Flying J Chief Executive Jimmy Haslam III made a personal plea to his trucker customers, urging them on Thursday to work with the truck-stop operator instead of taking it to… Continue Reading

http://blogs.wsj.com/moneybeat/2013/05/16/brazils-oil-exploration-auction-bodes-well-for-output/?mod=WSJBlog Brazil’s Oil Exploration Auction Bodes Well For Output May 16, 2013 By Charles Roth Brazil’s eleventh round of oil exploration blocks was widely seen as a success. The two-day affair this week was done in just one, with huge interest from dozens of participating oil companies leading to a record BRL2.88 billion ($1.4 billion)… Continue Reading

http://www.zerohedge.com/news/2013-05-16/austrian-good-banks-baulk-bad-bank-bailout Austrian “Good” Banks Balk At Bad-Bank Bailout Submitted by Tyler Durden on 05/16/2013 Since 2009, when Hypo Alpe Adria was ‘nationalized’, the Austrian government has dumped more than EUR2 billion into the troubled bank. It remains on life-support but this time the government-proposed ‘aid’ being offered is running into a wall. The rest of… Continue Reading

http://www.zerohedge.com/news/2013-05-16/guest-post-trick-suppressing-revolution-keeping-debttax-serfdom-bearable Guest Post: The Trick To Suppressing Revolution: Keeping Debt/Tax Serfdom Bearable Submitted by Tyler Durden on 05/16/2013 21:49 –0400 Submitted by Charles Hugh-Smith of OfTwoMinds blog, The 30 million whose labor funds the parasitic status quo don’t have to rebel; they simply have to stop going to work, stop starting enterprises, stop being productive.… Continue Reading

http://www.governmentnews.com.au/2013/05/16/article/Abbott-reaffirms-12000-Commonwealth-jobs-to-go/ECOLPZLOFG.html Abbott reaffirms 12,000 Commonwealth jobs to go Published on Thu, 16/05/2013 By Julian BajkowskiFederal Opposition leader Tony Abbott has used his Budget reply speech to reaffirm a previous promise to eliminate 12,000 Commonwealth jobs from the public service if elected.The recommitment to slash public service positions comes just one night after Treasurer Wayne Swan… Continue Reading

http://www.smartcompany.com.au/information-technology/055607-computer-crash-it-services-company-collapses-with-3-8-million-debt.html?utm_source=SmartCompany&utm_campaign=b4c482f22d-Friday_17_May_201317_05_2013&utm_medium=email&utm_term=0_234118efee-b4c482f22d-93735706 Computer crash: IT services company collapses with $3.8 million debt Friday, 17 May 2013 12:19 Yolanda Redrup A Perth-based information and communication services firm offering onsite and remote ICT help has collapsed, owing unsecured creditors $3.8 million. Matthew Donnelly and Dino Travaglini of Grant Thornton were appointed as administrators of XciteLogic last week. The… Continue Reading