Denim clothing maker Diesel USA declared bankruptcy, citing mounting financial losses and bad investments The company says store thefts and fake invoices are also hurting its performance Diesel plans to eventually exit bankruptcy and even open additional stores Diesel, a maker of denim clothing known for five-pocket jeans, filed for Chapter 11 bankruptcy protection, citing…
Delphine Seyrig as the Lilac Fairy in Jacques Demys Donkey Skin. Photo: Demy Jacques, Marianne Productions The key takeaway from the essential Delphine Seyrig retrospective opening at the Berkeley Art Museum and Pacific Film Archive might be how little we Americans know of and appreciate the great French actress dexterity the many faces and the…
David Green (56), from Liverpool, signed a disqualification undertaking following an investigation by the Insolvency Service. The ban prevents him from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company. Bilt Group Limited was incorporated in February 2016 as the vehicle to carry out…
Credit Intelligence (ASX:CI1) CEO Jimmie Wong speaks to The Capital Networks Executive Director Lelde Smits about why global debt is increasing and how personal bankruptcy is becoming a bigger threat. Mr Wong holds a Bachelor of Laws degree from the University of Hong Kong and has over 20 years experience as a leading insolvency lawyer…
We moved into a new house which had gas and electricity supplied by Green Star Energy. In the five months since, weve been unable to get our names on the account, despite repeated calls, while at the same time we were being sent increasingly aggressive demands for payment. It tells us that without our names…
By Ryan ClarkNKyTribune reporter In April 2017, the City of Covington received its credit rating from the Moodys financial services company. While the city was lauded for improving its financial situation, it was also told it needed to pay off some of its debt. That year, the citys debt was 10.8 percent of the citys…
More than 465 bricks-and-mortar stores closed their doors for good in the US over the weekend, sparking headlines that the retail apocalypse is alive and well. And while the store closure surge was primarily driven by retailers, such as Gap, J.C. Penney and Victorias Secret, rightsizing their footprints after a slow December, rather than businesses…
.story-content span,.story-content p,.story-content div{color:#000!important;font-family:open sans,Arial!important;font-size:15px!important} span.p-content div[id^=div-gpt]{line-height:0;font-size:0} Of the 11 steel making entities named in the Reserve Bank of Indias list of large corporate defaulters, four have completed their corporate insolvency resolution process (CIRP), with the lenders realising claims to the tune of Rs 44, 500 crore with an average haircut of 47 per cent.…
A Kiwi businessman was still an undischarged bankrupt when he became a director of a company that was later found to have been involved in a scamming operation across the Tasman. Photo: Screengrab / ABC New Zealander Eddie Kang, who was director and co-director of more than 30 now-removed businesses in the country, was declared…
If youre having to consider the option of an Individual Voluntary Arrangement then its perfectly understandable that youll want to source the very best advice according to your individual circumstances and even that of your family. In this article we take a closer look at what you should look for in an Insolvency Practitioner; together…