(Beijing) A major Chinese state-owned container shipping company has been declared bankrupt after it struggled to repay debts of 8.45 billion yuan ($1.25 billion). The Hangzhou Intermediate People’s Court in Zhejiang province granted Zhejiang Ocean Shipping Co. Ltd.’s application to liquidate, according to a court document viewed by Caixin. Zhejiang Communications Investment Group Co. Ltd.,…
Printing bill: Eva Grosman Well-known consultant and public figure Eva Grosman has been declared bankrupt over a £21,000 debt to a printing company, the Belfast Telegraph can reveal. Ms Grosman, who is Polish, told the Belfast Telegraph that it was “unfortunate” her debtor had taken action against her but that she would be continuing in…
The company behind the Top Gear Experience track days has gone bust, and has chosen to blame the shitty relaunch of Top Gear following the departure of Jeremy Clarkson, James May and Richard Hammond. Today, TGXP Ltd cancelled all bookings for track day experiences at the Dunsfold Park test track, where the series is filmed,…
The Federal Opposition and the Greens have ramped up their criticism of Family First Senator Bob Day, who seems to be hedging his bets on whether to resign from the Senate amid hopes of a financial bailout. Last week Senator Day signalled his intention to resign as a senator for South Australia as his…
Bill Shorten is set to launch an attack on the coalition, labelling the prime minister ‘morally bankrupt’. Opposition leader Bill Shorten has launched an attack on the PM at Labors state conference. Picture: Tim Marsden BILL Shorten has launched a scathing attack on the Coalition, labelling the prime minister morally bankrupt and reliant on an…
Bill Shorten has launched a scathing attack on the Coalition, labelling the prime minister morally bankrupt and reliant on an insolvent senator. The federal Labor leader addressed the Queensland ALP state conference on the Gold Coast on Saturday morning, before delegates went into debating issues ranging from an Indigenous treaty to privatisation. Shorten said the…
PERSONAL insolvency across England and Wales increased by almost 20 per cent between July and September this year compared with the same period last year, official figures revealed yesterday. There were 24,251 people who claimed to be insolvent in those three months, marking a 19.3 per cent increase. Within this total, bankruptcies increased by 7…
A major Chinese state-owned container shipping company has been declared bankrupt after it struggled to repay debts of 8.45 billion yuan ($1.25 billion). The Hangzhou Intermediate Peoples Court in Zhejiang province granted Zhejiang Ocean Shipping Co. Ltd.s application to liquidate, according to a court document viewed by Caixin. Zhejiang Communications Investment Group Co. Ltd., the…
Court-free clickable bankruptcy ‘removes stigma’ By Kevin Peachey Personal finance reporter 28 October 2016 From the section Business Image copyright Thinkstock People facing unmanageable debts can now apply for bankruptcy online, rather than in court – leading to more individuals choosing to do so. A perceived stigma of court proceedings had been a barrier to…
The new rules restructure the 1986 version of the insolvency rules, introduce gender-neutral drafting and incorporate the 28 sets of amendments made since the rules came into force. They also take into account changes made to insolvency procedures by the 2015 Deregulation Act and Small Business, Enterprise and Employment Act, particularly around the use of…