Member Article North East business owners are being warned of the dangers of trying to do too much too quickly as the economy begins to open up. Alexandra Withers, North East chair of insolvency and restructuring trade body R3, was speaking after the latest corporate insolvency figures for England and Wales revealed a 45% month-on-month…
Photo courtesy The Lost Cajun Casual dining chain The Lost Cajun filed for Chapter 11 bankruptcy protection Wednesday, citing the impacts of the pandemic on its operations and franchisees. The New Orleans-inspired concept, which was founded in 2010 in Colorado and lists 25 locations on its website, reported liabilities of more than $1.4 million and…
Sydney, April 22, 2021 (GLOBE NEWSWIRE) — Gordon Brothers and Ritchie Bros. have created a formal joint venture, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in Australia and South East Asia. The new Alliance will generate superior outcomes forclients,…
Final Verdict As you compare credit counseling agencies, there are plenty of questions you should ask yourself. For example, what do you hope to accomplish? And do you need one-time credit counseling assistance or a long-term debt relief plan? The FTC also recommends making sure you ask the right questions of agencies you’re considering, including…
Greensill Capitals Australian business, which collapsed last month with debts of A$4.9bn, has entered liquidation. Administrator Grant Thornton said creditors had voted by 23 to zero, with a handful of abstentions, to liquidate the parent company of the disgraced supply chain firm. Read more: Hand it over: David Cameron ordered to show lobbying text messages…
Bio-Hybrid GmbH has filed for insolvency with the Nuremberg District Court. The start of series production, which was planned for mid-2021 after the separation from Schaeffler, is thus in jeopardy. In October 2020, the automotive supplier Schaeffler sold all shares in its subsidiary Schaeffler Bio-Hybrid GmbH to Micromobility Services and Solutions. Series production of the…
By Reuters Staff 3 Min Read KUALA LUMPUR (Reuters) – Malaysias former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described as an attempt to destroy his political career. FILE PHOTO: Former Malaysian Prime Minister Najib…
Thursday, April 22, 2021 GoLocalProv News Team View Larger + A new study finds that Rhode Islanders love their gambling. Rhode Island ranks 15th overall in the new study and second only to Massachusetts in New England. And, Rhode Island is ranked first — tied with the Commonwealth — with sales of lottery tickets per…
Creditors have voted to liquidate Greensill Capitals Australian business, which collapsed last month with debts of A$4.9bn to companies including Credit Suisse and SoftBank. Administrator Grant Thornton said on Thursday that creditors had voted by 23 to zero, with a handful of abstentions, to wind up the parent company of the London-based supply-chain finance group…
Japanese insurer Tokio Marine and the Australian Tax Office were listed as yet to be quantified. The shift to liquidation from administration will give Grant Thornton greater powers to investigate Greensills collapse and gather documents, including examining whether former directors or officers of the company had committed any offences that need to be reported to…