What do insolvency professionals think of Theresa Mays hard Brexit? By that I mean the accountants and lawyers who deal with troubled businesses, and try to restore them to health so they dont ultimately end up insolvent. The answer is: not much. Prior to Theresa Mays big Brexit speech, R3, a trade body that represents…
Jan 17, 2017 – 15:00 Jaussi, pictured, told the press in September 2016 that he and his company had received threats shortly before he was attacked in August. (Keystone) Vaud-based company Swiss Space System Holding SA, known as S3, has been officially bankrupt since Monday afternoon, a cantonal court announced on Tuesday. The district court…
More than 200 jobs could be lost under restructuring plans by the Australian bakery giant. Goodman Fielder, headquartered in Sydney, with numerous production sites across Australia, has announced that it is looking to consolidate, establishing fewer and larger baking sites. The manufacturer of the Wonder White, Mighty Soft, Helgas and Meadow Lea brands said 75…
Remus Borza, who now holds an MP office but is more known as the owner of Euro Insol, the former judicial administrator of state-owned power producer Hidroelectrica, together with other well-known local investors became shareholders in the drug factory Polisano Pharmaceuticals, reports Profit.ro. The factory is part of the Polisano group, developed by the Romanian…
FORMER One Nation senator Rod Culleton could face jail time for impersonating a government official if he continues to claim he is a federal MP. Nearly a week after he was removed from his Senate seat for being declared bankrupt, Rod Culleton was yesterday refusing to accept the Federal Court and Senates rulings and told…
HONG KONG — Cathay Pacific Airways shares continued to rise on Tuesday, briefly touching 11.2 Hong Kong dollars in the morning, up 3.13% from Monday. Local and foreign media have reported the Hong Kong airliner will likely unveil a business restructuring plan this week, expected to include reductions in manpower and other costs. Expectations of improved business…
SINGAPORE: A new repayment scheme that aims to help over-indebted customers repay unsecured loans from facilities like credit cards, personal loans and overdrafts, will be launched next Monday (Jan 23). A total of 14 financial institutions, all of which offer unsecured credit loans, will be participating in the Debt Consolidation Plan (DCP), the Association of…
Former Dundee and Scotland goalkeeper Rab Douglas has been made bankrupt with debts of more than £210,000. The goalkeeper, who also played for Celtic and was capped 19 times for his country, was declared insolvent after failing to settle large bills. The majority of the cash is thought to be owed to the taxman and…
BANKRUPTCY BOMBSHELL The footballer – who played for Celtic and Dundee and was capped 19 times for his country – has been declared insolvent FORMER Scotland goalkeeper Rab Douglas has been made bankrupt with debts of more than £210,000. The footballer who played for Celtic and Dundee and was capped 19 times for his country…
FOURTEEN financial institutions in Singapore will participate in a debt consolidation plan this month, said the Association of Banks in Singapore (ABS) on Tuesday. The debt consolidation plan will allow eligible customers to consolidate their existing unsecured credit balances across financial institutions with just one participating financial institution. Such debt will include credit card debt,…