Coastal town’s including Great Yarmouth and Ipswich dominate personal bankruptcy list – Ipswich Star

Bankruptcy

PUBLISHED: 17:08 07 August 2017 | UPDATED: 17:08 07 August 2017 Seaside towns like Great Yarmouth have been found to have a higher than average rate of personal insolvency. Picture: James Bass Archant Norfolk © 2014 Coastal towns have dominated a list of the top areas for personal bankru… Read the full article at: http://www.ipswichstar.co.uk/news/coastal-town-s-including-great-yarmouth-and-ipswich-dominate-personal-bankruptcy-list-1-5139213

Paravion closes Turkey portal Bavul.com, files for insolvency – Business Review

Bankruptcy

Paravion, Romanias biggest online tourism portal, has filed for insolvency and will close bavul.com, the Turkish-based portal it purchased in 2014. The company will implement a restructuring plan starting August 8. In the past year, Paravions Turkish portal, bavul.com, which represents one third of the business, recorded losses, due to the political instability and security…

Hong Kong businessman seeks HK$3.65 million from company of late concert promoter – South China Morning Post

Liquidation

A Hong Kong businessman is suing the company founded by the citys late father of concerts for unreturned investment costs and profits totalling more than HK$3.65 million over concerts staged across Asia by popular artistes, according to a court writ. Tang Wai-yip claimed in a High Court writ filed by his lawyers on Friday that…

Tatfondbank embezzler tries to siphon off multimillion assets abroad and go bankrupt – https://en.crimerussia.com/

Bankruptcy

The Deposit Insurance Agency of Russia has filed a lawsuit with the Arbitration Court of Tatarstan to declare Robert Musin, former Chairman of the Board of Tatfondbank detained for swindling on an especially large scale, bankrupt. The plaintiff requires to recognize the banker insolvent because the total sum of financial claims filed against him some…

Samsung Closes Seven Sales Points During China Business Restructuring – ChinaTechNews.com

Restructuring

Korea-based Samsung will implement restructuring for its China business and will shut down its seven sales points without employee layoffs. A representative from Samsung said that the company will close its seven sales points in China’s northern, eastern, southern, central, southwestern, northwestern, and northeastern regions, and further divide its China businesses into 22 bases. Samsung’s…