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

Bankruptcy

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

Restructuring

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…

Iluka flags $150m plant shutdown charge, zircon mine restart – The West Australian

Restructuring

Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care and maintenance status resulting in an $150 million pre-tax impairment charge in its half-year accounts. The mineral sands miner will also record redundancy and restructure costs of $14 million in the half-year results, with the plant expected to suspend operations in…

From raising $550000 to appearing on Shark Tank: Recruitment startup iRecruit enters liquidation as founders focus … – SmartCompany.com.au

Liquidation

Brisbane-founded recruitment startup iRecruit made its Shark Tank debut on Tuesday night, but a lot has happened at the company since the television episode was filmed last year. IRecruit attracted $500,000 in pre-launch seed funding in August 2016, but by the time Tuesdays Shark Tank episode went to air, both of the companys co-founders had stepped…

‘A man with his head in the sand’: Boris Becker declared bankrupt – BreakingNews.ie

Bankruptcy

Tennis champion Boris Becker has been declared bankrupt – by a court official who watched him play on Centre Court. Lawyers for the three-time Wimbledon winner pleaded with a Bankruptcy Court registrar in London on Wednesday for “a last chance” to pay a long-standing debt. But Miss Registrar Christine Derrett, who recalled watching him play,…

Jyoti Structures, Alok Industries next for insolvency; Essar, Bhushan Steel and Electrosteel to be discussed today – Moneycontrol.com

Liquidation

Beena Parmar Moneycontrol News As part of the major push towards resolution of large bad loans this month, bankers will be meeting Thursday to discuss three big steel accounts  Essar Steel, Bhushan Steel and Electrosteel Steels  as part of the joint lenders’ forum (JLF) to discuss the plan ahead. Banks have outstanding loans worth Rs…