The streaming wars have claimed their first victim, with homegrown Quickflix going into voluntary administration. The Perth-based streaming service, founded 12 years ago by CEO Stephen Langford has today appointed Ferrier Hodgson as administrators and blamed Channel 9 and Fairfax for its demise. Despite Quickflix being first to the streaming market and holding a leadership…
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious and protracted discussions with its creditors is under way one that may well produce…
Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn WASHINGTON, DC Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious…
Robert Charles The Mutton Birds perform at Sentry Hill during the 2012 Cassic Hits Winery Tour. A Taranaki fruit winery has been placed into liquidation. In the High Court at New Plymouth on Tuesday, an order was made to liquidate Sentry Hill Winery (2006) Ltd due to an unpaid debt of $130,000 owed to New Zealand Customs. According…
Garrard claims that the Company ‘became the largest licensed electronics distributor in Australia’ and that “her” Company will continue to trade, and that she has every intention of fulfilling all existing orders. She has not said whether she has the ongoing financial capacity to fund the placing of further orders with overseas manufacturers. Documents lodged…
26 April 2016 Melissa Coade View Comments Sydney lawyer Stewart Levitt has warned that Australian laws must change along with the appointment of the new special prosecutor to deal with bank crimes and misconduct. Following news of Treasurer Scott Morrisons plans to appoint an ASIC commissioner to the new role, Mr Levitt has highlighted the need for…
One of Toronto’s biggest property developers wants to restructure itself by selling assets to pay down debt and finish the more than 1,000 housing units it is currently trying to build across the Greater Toronto Area. Urbancorp Toronto Management Inc. said on Friday it is seeking to restructure its operations under Canada’s Bankruptcy and Insolvency…
Share Tweet Share Share Email Every company today is looking for a way of avoiding being bankrupt because this affects their services beyond their expectations. Bankruptcy or insolvency is a situation at which you will not be able to settle those that you owe. Insolvency does not start one day so this means that the…
Nikhil Shah, Managing Director To extend resolution services; plans to open office in Delhi New Delhi, April 25: Alvarez & Marsal, a global leader in turnaround management and corporate restructuring, intends to widen service offerings in India to include Resolution services. The firm plans to offer resolution professionals service once the new insolvency and Bankruptcy…
A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in…