Tag: business

Spain Modifies Bankruptcy Laws to Prevent Corporate Liquidations; 65,000 Companies, 1.3 Trillion Euro Delinquencies in Play
March 10, 2014 0

Spain Modifies Bankruptcy Laws to Prevent Corporate Liquidations; 65,000 Companies, 1.3 Trillion Euro Delinquencies in Play

By News Desk

Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years

States Circumvent Food Stamp Cutbacks; Draconian Cuts "Much Ado About Nothing"
March 2, 2014 0

States Circumvent Food Stamp Cutbacks; Draconian Cuts "Much Ado About Nothing"

By News Desk

Flash Forward March 2, 2014 : States Make End Run Around Food Stamp Cuts . Connecticut and New York have found a way around federal budget cuts that played a central role in the massive farm bill passed this month: bump up home heating assistance a few million bucks in return for preserving more than a half-billion dollars in food stamp benefits. The moves by Connecticut Gov