Agriculture and animal husbandry, industry (production) and real estate are the main fields affected by insolvency in the first half of 2016, according to an analysis by Casa de Insolventa Transilvania (CITR) on companies of impact in the economy (companies with fixed assets exceeding EUR 1 million). In the same period of 2015 the main…
THE maker of a child sling described as the Mercedes of Baby Carriers has gone into voluntary administration due to mounting debts. Byron Bay based Hug-a-Bub, which makes baby carriers, slings and wraps was forced to call in administrators on Monday after it was declared insolvent. The company was established 15 years ago by mother-of-five…
Shutterstock / Olivier Le Queinec It’s called FOMO; the Fear Of Missing Out. It’s the number one reason you think you have to buy a home right now. And guess what: the real estate agents know it. They talk about building equity, and tell you about clients who sold at prices way above asking, with…
James Hurley, Enterprise Editor The Cambridge-based business raised £967,130 on Crowdcube A solar business that raised £1 million from almost 400 individual investors through crowdfunding less than 18 months ago has collapsed into insolvency. In one of the largest failures of a crowdfunded business in the UK, administrators have been appointed at Solar Cloth Company.…
By Reuters Published: 16:51 EST, 15 June 2016 | Updated: 16:51 EST, 15 June 2016 SOFIA, June 15 (Reuters) – These are some of the main stories in Bulgarian newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. — Bulgaria’s rhythmic gymnastics athlete Tsvetelina Stoyanova, member of the…
The proposed federal government changes to insolvency that reduce the bankruptcy period from three years to 12 months need to be questioned. It has been argued the shortened default period will have the desired impact on encouraging entrepreneurial activity and reducing the associated stigma of being a bankrupt. While this may indeed allow a bankrupt…
18:02 14/06/2016 MOSCOW, June 14 (RAPSI) The Moscow Commercial Court has declared founder of one of the largest federal chains of real estate agencies in Russia MIEL Group, Grigoriy Kulikov, who stands charged with multi-million embezzlement, bankrupt, RIA Novosti reported on Tuesday. Bankruptcy procedure has been initiated against Kulikov as an individual entrepreneur. Later all…
Madras High Court sets aside orders denying the network a chance to bid due to security clearance issue Chennai, June 14: Sun TV and its group companies can participate in the phase III auctions for FM Radio stations in Chennai, Coimbatore, Tirunelveli and Visakhapatnam. This follows the Madras High Court setting aside orders of the…
Rapid, one of Bucharests top football clubs, has been declared bankrupt through a decision of the Bucharest Court, reports local Prosport. This means that the company that owns the club should be dissolved and its assets sold to repay its debts to creditors. The football club has RON 18 million (some EUR 4 million) debts, more than…
BUCHAREST, Romania (AP) Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpa… Read the full article at: http://www.heraldcourier.com/sports/romania-rapid-bucharest-club-declared-bankrupt/article_69c428b4-e1ab-5280-87ef-1958cab5f613.html