Low demand, high cost of production blamed for insolvency of more businesses – NTV Uganda

Bankruptcy

With real threats of such enterprises going under, there is renewed desire that they be shielded against possible liquidation or being declared insolvent. Gideon Badagawa, the Executive Director at the Private Sector Foundation maintains that economic recovery remains hinged on job security and market access. Read the full article at: http://www.ntv.co.ug/news/national/Low-demand–high-cost-of-production-blamed-for-insolvency/4522324-4849690-lblaqo/index.html

Director of collapsed building firm under police investigation declares himself bankrupt – Ipswich Star

Bankruptcy

PUBLISHED: 09:30 12 November 2018 | UPDATED: 12:54 12 November 2018 Jessica Hill Sam Shutlar (Samuel David Construction) Archant Samuel Shutlar, the director of the building firm Samuel David Construction, which went under … Read the full article at: https://www.ipswichstar.co.uk/news/business/sam-shutlar-director-of-sdc-in-suffolk-is-bankrupt-1-5774741

Bankrupt father of three who ran brothel in city avoids prison term – Belfast Telegraph

Bankruptcy

Bankrupt father of three who ran brothel in city avoids prison term BelfastTelegraph.co.uk A brothel keeper who housed prostitutes from eastern Europe has been ordered to carry out 60 hours of community service. https://www.belfasttelegraph.co.uk/news/northern-ireland/bankrupt-father-of-three-who-ran-brothel-in-city-avoids-prison-term-37512116.html https://www.belfasttelegraph.co.uk/incoming/article37513100.ece/0a6a6/AUTOCROP/h342/erryMcBride12.jpg Email A brothel keeper who housed prostitutes from eastern Europe has been ordered to carry out 60 hours of community…

Korean financial institutions suffer $150m cross-default on Chinese bond insolvency – The Korea Herald

Bankruptcy

South Koreas financial institutions suffered insolvency of asset-backed commercial papers Friday at midnight, following a Chinese firms default on payments due for bonds. The ABCPs were backed by dollar-denominated bonds worth $150 million that were declared insolvent Thursday. This accounts for some 7 percent of all bonds issued by CERCG Overseas Capital, a Hong Kong…

Korean financial institutions suffer $150m cross-default on Chinese bond insolvency – The Korea Herald

Bankruptcy

“; var ifrd = ifr.contentWindow.document; ifrd.open(); ifrd.write(htmlcode); ifrd.close(); } }); South Koreas financial institutions suffered insolvency of asset-backed commercial papers Friday at midnight, following a Chinese firms default on payments due for bonds. The ABCPs were backed by dollar-denominated bonds worth $150 million that were declared insolvent Thursday. This accounts for some 7…

Ricoh India Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process … – The Hindu BusinessLine

Bankruptcy

The Company hereby informs that the Resolution Professional with the approval of Committee of Creditors of the Company had filed an application before the Honble NCLT, Mumbai seeking an extension of the period of Corporate Insolvency Resolution Process (CIRP) of the Company by Ninety (90) days in terms of Section 12(2) of the Insolvency and…