WA home builder Choice Livings decision to call in business recovery and insolvency specialists is bittersweet for would-be Caversham residents Geraldine and Jonathan Hinds. We were the first in October 2014 to buy a house block on our street, Mrs Hinds said. Ours is the last house on the street to be built. Everyone else…
Batteries Published on February 1st, 2018 | by James Ayre February 1st, 2018 by James Ayre The Electrovaya-owned subsidiary Litarion has entered into voluntary structured insolvency proceedings in Germany following a dispute with a landlord a new press release has revealed. The news follows on last years reveal that…
Reports show 25,000 children within the UK are problem gamblers Nick Spencer started online gambling age 12 and became suicidal from the habit Alice Galloway, 50, recalls her 16 year old son stealing money from her to gamble Specialist therapist, Tony Marini revealed how to combat the addiction By Cristina Odone For The Daily Mail Published:…
Music streaming service Pandora said this week it plans to move an unspecified number of workers to Atlanta as part of a broader restructuring of its business. The Oakland, Calif.-based company said in a Securities and Exchange Commission filing it will cut 5 percent of its workforce as part the restructuring plan, which it expects…
A director of a company that took advantage of men suffering sexual dysfunction has been declared bankrupt after failing to pay the consumer watchdog’s legal costs. Jacov Vaisman is the former director of the Advanced Medical Institute (AMI) and NRM, the company that bought AMI and continued to operate the business. The Australian Competition and…
MUMBAI: Bulge-bracket bidders for bankrupt companies are working overtime to ensure that they don’t fall afoul of the amended provisions of the bankruptcy law with Seema Jajodia, sister of Sajjan Jindal of the JSW Group and wife of Sandeep Jajodia, the promoter of Monnet Ispat, taking the extreme step of transferring her shares in the…
THE Australian share market is expected to start the day mostly flat, after US stocks gave up gains made earlier in the session. At 0730 AEDT on Thursday, the share price futures index was down four points, or 0.07 per cent, at 5,977. The Australian dollar on Thursday is lower, extending the losses that started…
Byrons creditors approved a CVA plan on Wednesday. As many as 20 restaurants could close as a result. Britains casual dining sector is suffering from a nationwide consumer spending squeeze. LONDON Creditors of stricken burger chain Byron have voted almost unanimously to approve a company voluntary arrangement (CVA), which could result in as many as…
ET Bureau| Feb 01, 2018, 12.23 AM IST Under Section 29A of the Insolvency and Bankruptcy Code promoters of any defaulting company are ineligible to be a resolution applicant. NEW DELHI: The government is considering amending the Insolvency and Bankruptcy Code (IBC) to allow a person who acquires an insolvent asset that has a subsidiary…
Dr M.S. Sahoo, chairperson of Insolvency and Bankruptcy Board of India. Photo: Indranil Bhoumik/Mint New Delhi: Insolvency resolution process seeks to ensure that a company exists and the intention is not to sell it in pieces, Insolvency and Bankruptcy Board of India (IBBI) chairperson M.S. Sahoo said on Wednesday as he asserted that liquidation is…