Published 20 December 2018 Six solicitors and four barristers have been reappointed to the Personal Insolvency Practitioners Complaints Committee panel for five years. The Department of Justice and Equality wrote to all 18 members of the inaugural panel, established under section 177 of the Personal Insolvency Act 2012, to ask them if they were…
Dear Sir / Madam, We would like to inform you that 20th meeting of Committee of Creditors of ABG Shipyard Limited was held on Thursday, 20th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You are requested to…
Businessman Gary van der Merwe says Andrion Gouws appears to have abused his authority in a manner that was contrary to logic and arguably detrimental to the solvency of Standard Bank. Pictures: Brendan Magaar/African News Agency (ANA) CAPE TOWN Standard Bank business credit manager, Andrion Gouws, has been accused of colluding with ENS Africas liquidation…
SAN FRANCISCO (KGO) — Nakeia Warren and Andre Archibald are just two of more than 2,000 consumers who contacted the Federal Trade Commission to complain about Ameritech Financial, a student loan debt relief company. According to the FTC, between 2014 and 2018 consumers paid Ameritech Financial 60 million dollars in fees in exchange for Ameritech…
Australian travellers may be left stranded over Christmas after budget airfare company Bestjet collapsed. The Queensland-based companys website collapsed just six weeks after changing hands, the Courier-Mail reports. The owners of Bestjet can confirm that the business has appointed Nigel Markey and Bradley Hellen of Pilot Partners as the voluntary administrators of the Company and…
The latest financial statements of the Nova PropGrow Group, the rescue vehicle of the failed Sharemax investment scheme, show the company is on the verge of insolvency. The financial statements, which were published three months late, also received a qualified audit opinion from the groups new auditor, Nexia SAB&T. The qualified opinion not only questioned…
IKEA US President Lars Petersson apologised in a video announcement sent to employees on Tuesday, following reports of the furniture retailers controversial restructuring. In the video, Petersson, along with Orlando store manager Monica Bogstad, outlined a plan to boost morale. Petersson said that management didnt see the balance between business and people the way we…
Article written by PittStreet Research. For the full report click here Unique proposition in the lucrative bankruptcy services Credit Intelligence (ASX:CI1) is a Hong Kong-based debt restructuring and personal insolvency management service provider. CI1 has been a trusted partner for global banks for over 16 years. Considering the significant number of personal insolvency cases every…
Opinion Jessica Walker and Philip Gilliland 19 Dec 2018 04:03pm While the world of insolvency may often appear murky, in reality very few insolvencies result directly from fraudulent or criminal beha… Read the full article at: https://economia.icaew.com/opinion/december-2018/wine-and-insolvency
Mark Read, CEO, WPP Communications giant WPP has announced a sweeping restructure of its business, with plans to cut 3,500 global jobs across its many divisions. New chief executive Mark Read says the cuts are needed return the business to growth, with redundancies and office closures achieving savings of 275m over the next three years.…