Category Archives: Bankruptcy

BRIEF-Cracow court announces insolvency of Action’s unit | Reuters – Reuters

Action SA: * Court in Cracow announces insolvency of the company’s unit SFK Sp. z o.o. Source text for Eikon: Further company coverage: (Gdynia Newsroom) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Technology ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1…

Bus Eireann’s planned all-out strike which was due to kick off on Monday is deferred – The Irish Sun

A wheel relief NBRU’s General Secretary Dermot OLeary said ‘in deference to the Workplace Relations Commission’ the work stoppage is now halted AN all-out strike at Bus Eireann due to kick off on Monday has been called off. The NBRU have accepted invitation to talks on the transport companys financial crisis. A Bus Eireann strike…

NBU declares Vector Bank insolvent – Kyiv Post

Published March 3. Updated March 3 at 11:45 am A man passes by the National Bank of Ukraine in Kyiv on Dec. 7, 2016. Photo by Volodymyr Petrov Popular on social media The National Bank of Ukraine (NBU) on March 3 declared Vector Bank (Kyiv) insolvent, the central bank has reported on its website. Decision…

BROKE: 35 declare bankruptcy in the region in 3 months – Ballina Shire Advocate

NORTHERN Rivers residents are starting to pay off their debts as new figures revealed less people declared bankruptcy in 2016. The latest figures from the Australian Financial Services Authority showed 35 bankrupt debtors including nine business-related and 26 non-business related insolvencies in the December quarter. Over the whole year 158 people declared bankruptcy compared with…

The Insolvency And Bankruptcy Bill, 2015 – Moneycontrol.com

Published on Wed, Nov 04,2015 | 23:06, Updated at Wed, Nov 04 at 23:06Source : Moneycontrol.com  Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC) The Report of the BLRC is in two parts:i. Rationale and Design/Recommendations;ii. A comprehensive draft Insolvency and Bankruptcy Bill covering all entities.  The draft Bill…

Federal agency says LI-based union pension fund is insolvent – Newsday

Milton Acosta, 73, of West Babylon, worked for companies that paid into the Road Carriers Local 707 Welfare & Pension Funds, on May 20, 2016, in West Babylon. (Credit: Heather Walsh) A federal agency has declared a Hempstead-based union pension fund insolvent, a move that has resulted in additional benefit cuts for the plans nearly…

Eradicate the risk of retailer insolvency with LoveFromMe, the personal and tangible way to gift money – RealWire (press release)

Avoid the risk that your gift voucher becomes worthless if a retailer goes into insolvency A radical new way to gift money, free from the risk of retailer insolvency, has been launched in the UK. LoveFromMe is a personalised gift card scheme which can be redeemed anywhere in the World that accepts MasterCard. Thish De…

Investigation reveals shocking history of bankruptcy and dozens of companies under different names for couple who … – Stroud News and Journal

A MARRIED couple who run The Convent have been accused of not paying performers on time, have had dozens of now dissolved or liquidated companies under different names and have both been declared bankrupt, it has emerged. Last year the SNJ reported on claims from former employees at the music venue, boutique hotel and private…

Insolvency professionals fear maltreatment as law fails to protect them – Business Standard

Although there is a provision in the section 233 of the Code that no suit, prosecution or other legal proceeding shall lie against the insolvency professional, liquidator and other officials of IBBI for anything which is done in good faith under the Code, professionals feel that it is too hard to prove that a particular…

Care business that serves 4000 sick and elderly people is sold by its parent company for just TWO pounds – Daily Mail

A firm has sold a business serving around 4,000 sick and elderly people for £2 Mitie agreed to pay to offload its loss-making arm, which provides home care  It was losing over £1million a month from its firms Enara and Complete Care The company blames the national living wage and local authority budget cuts By…