Sears Canada plans restructuring, files for creditor protection – CBC.ca

Shares in Sears Canada were halted Thursday morning after the retailer said it is seeking court protection from its creditors while it restructures itself. The company has asked the Ontario Superior Court for protection under the Companies’ Creditors Arrangement Act the law that covers insolvency proceedings. The move allows the retailer a little more time to…

Zenith Computers to face corporate insolvency as financial creditor move NCLT – Economic Times

MUMBAI: Financial credit, Pine Forest Products has initiated corporate insolvency resolution process for Zenith Computers, makers of computer and laptops, early this week. Pine Forest Products & Investments issued notice under bankruptcy after the company failed to repay loans despite giving two notices. Zenith Computers owes Rs 1.25 crore to Pine Forest Products while has…

Wellington restaurant Tinakori Bistro in liquidation, after 18 months of new ownership – Taranaki Daily News

ROBERT KITCHIN/FAIRFAX NZ The bistro ceased trading on June 9. A well-known Wellington restaurant is in liquidation owing more than $300,000 to creditors, after only 18 months under new ownership.  Tinakori Bistro, owned by Good Root Co, closed its doors on June 9, after failing to pay back a long list of unsecured creditors. The restaurant, at…

Salim Mehajer’s businesses placed under voluntary administration – The Sydney Morning Herald

Salim Mehajer, the embattled former deputy mayor of Auburn, has had two of his businesses placed under voluntary administration. Documents lodged with the Australian Securities and Investments Commission (ASIC) reveal both companies – Sydney Project Group Pty Ltd and S.E.T. Services Pty Ltd – had administrators appointed by their board on June 16 over fears of insolvency.…

Hills to post third straight annual loss – InDaily

Thursday June 22, 2017 Technology firm Hills says it will make another loss this financial year, due to the costs of a restructure and its scrapped plans to demerge its health technology business. In the black, with a red dress on… Kouts’ strangely “sexless” budget … Read the full article at: http://indaily.com.au/news/business/2017/06/22/hills-post-third-straight-annual-loss/

Insolvency and losses ‘to rise as Brexit kicks in’ – Belfast Telegraph

Insolvency and losses ‘to rise as Brexit kicks in’ BelfastTelegraph.co.uk A credit management seminar in Belfast has heard that it is likely that there will be an increased level of company insolvencies and losses as credit risks are “exacerbated by Brexit”. http://www.belfasttelegraph.co.uk/business/news/insolvency-and-losses-to-rise-as-brexit-kicks-in-35852366.html http://www.belfasttelegraph.co.uk/business/news/article35852365.ece/1e12d/AUTOCROP/h342/2017-06-22_bus_32244336_I1.JPG Email A credit management seminar in Belfast has heard that it is…

BRIEF-Prime Customer Services to consider business restructuring proposals for cold storage, ripening unit – Reuters

June 22 Prime Customer Services Ltd: * Says to consider other proposals of business restructuring related to cold storage and ripening unit * Says to consider repairs and maintenance of business premises located at Jamalpur area * To consider business expansion and setting up of collection centers for fruits & vegetables in Maharashtra & Gujarat…