Card chain Clintons is set to close 38 shops in a bid to avoid insolvency, according to reports (Alamy/PA) Clintons Cards appears to be safe from collapse for at least the next 12 months, after an insolvency court approved a restructuring plan that allows the retailer to escape full payment of business rates and rent…
The idea behind IBC is to resolve corporate insolvency quickly so that capital can be freed for productive use. Legacy methods were found wanting, and the code has been modified swiftly to overcome gaps. Special dispensation has been provided, or is in the works, for financial service providers, small enterprises and real estate companies. Yet,…
Reliance Communications has said that any action taken by the Union Bank of India for initiation of any proceedings to identify the bankrupt telco’s loan accounts as fraudulent is not legally tenable since the company is undergoing the corporate insolvency resolution.In a filing to the Bombay Stock Exchange on Thursday, Rcom also pointed out that…
Construction company collapse: Sydney firm YME Metal Projects Pty Ltd goes into voluntary liquidation with tradies left out of pocket Sydney-based fabrications company has collapsed Firm owes tradies, suppliers and workers thousands By Jesse Hyland For Daily Mail Australia Updated: 10:43 AEST, 25 August 2023
JERSEY CITY, N.J. U.S. Senator Bob Menendez (D-N.J.) today issued the following statement on the Biden Administrations ongoing student debt relief efforts: Earlier this month, President Biden announced student debt discharges would begin for 804,000 borrowers, including 17,290 in New Jersey, who qualify for $39 billion in student debt relief because of fixes the Administration…
A fabrication company has collapsed into liquidation just months after shutting down its phone lines, letting staff go and ghosting tradies. On Tuesday, Sydney-based YME Metal Projects Pty Ltd, which subcontracted to building companies completing metalwork such as ballustrading and handrails, went into voluntary liquidation. The business worked on a number of commercial projects including…
ROBERT KITCHIN/Stuff Dame Jenny Shipley, the countrys first woman prime minister, has failed to overturn an award of more than $6 million against her as a result of the collapse of construction company Mainzeal. Former prime minister Dame Jenny Shipley has failed in her bid to get the Supreme Court to throw out an award…
Property owners in Florida will now have a choice of four new insurers this year. This comes after the Orion180 Select Insurance Company and Orion180 Insurance Company were approved this week by the Florida Office of Insurance Regulation (OIR). They will join Mainsail Insurance Company, which was approved in August, and Tailrow Insurance Company, approved…
Ahead of major meetings of world leaders in September, such as the Africa Climate Summit, the G20 New Delhi Summit and the 78th session of the U.N. General Assembly, Catholic bishops and faith leaders in Africa are calling for debt relief for the continent to give Africa a “life line” to escape the multiple crises…
A record number of people in the UK are heading into the winter with energy debts as they borrow to pay bills, Citizens Advice has said, as it urged the government to step in with fresh support for gas and electricity bills. The charity says 2023 has been its busiest year, with the number of…