Avante Recruitment Ltd was incorporated in February 2015 as a company that specialised in recruiting candidates for finance, accountancy and insolvency roles. From mid-2016, however, Avante Recruitment failed to make adequate tax payments and did not always file tax returns when due. This eventually led to the company entering into Creditors Voluntary Liquidation in September…
A SOUTHEAST Queensland building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of ATSBuild, based in Toowoomba, on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments…
Brightoil Petroleum Holdings Ltd could receive a restructuring proposal from Chinese banks in the third quarter while it sells assets to pay off debt and shifts to becoming a shipping e-commerce platform, a company official said on Friday. Brightoil suspended trading in its shares in October 2017 and has since been snagged in lawsuits brought…
A TOOWOOMBA building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of the business on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments Commission. WorkCover began…
Some are trying to keep cars and properties out of the hands of the bankruptcy officials and their creditors, with others suspected of illegally transferring assets to relations before opting for bankruptcy. The Insolvency Service of Ireland has disclosed it is investigating 210 cases. Hidden assets worth 3.8m were recovered in one instance, according to…
MEDINA, Ohio–(BUSINESS WIRE)–RPM International Inc. (NYSE: RPM) today announced that Michael H. Sullivan has joined the company as vice president operations and chief restructuring officer effective June 24. He will report directly to RPMs chairman and CEO Frank Sullivan, with whom he has no familial relation. In this capacity, Michael Sullivan will oversee RPMs 2020…
More than 30 Monsoon and Accessorize stores could shut under the retailers restructuring proposals even though the company has stressed its plans involve no immediate closures. Monsoons proposed company voluntary arrangement, unveiled last week, envisages rent cuts of up to 65 per cent at 135 of its 258 stores. However, 36 of those will move…
A FARMING empire patriarch has responded to claims he and the company he was a director of traded while insolvent for 11 months. Giatano (Guy) Barbera has vigorously disputed the allegations in papers lodged in the District Court this month in which he has asked for a judge only trial. Mr Barbera and his company…
Concerns over rising numbers of children addicted to gambling has prompted the NHS to announce it will start treating young people. NHS England said the “scourge” of problem gambling was being fuelled by online gaming sites and targeted adverts. As a result, the National Problem Gambling Clinic in London would open its doors later this…
* Plans to sell rest of its tankers to repay debt * To complete Zhoushan oil storage project before selling a stake * Banking on e-commerce website for shipping industry By Florence Tan SINGAPORE, June 24 (Reuters) – Brightoil Petroleum Holdings Ltd could receive a restructuring proposal from Chinese banks in the third quarter while…